Welcome to another weekly blockchain news roundup from around the world. Here we present to you all the latest Bitcoin news continent by continent and country by country.
Mobile Internet Expected to bring Cryptocurrencies to the Public: This month marked a new development in the average Cubans’ life as mobile internet became a reality in the country and with it comes the promise of cryptocurrencies. Cuba has had some of the worst internet censorships in the world, far worse than China but eventually, the country is now being opened up for investment and innovation.
Nearly half of the 11.2 million residents in the country have mobile phones and can afford internet access. Cryptocurrencies can improve the microeconomic situation in the country but it remains to be seen how the government and people will react to it.
Cryptocurrency Mining Discussed in Canada: Canada is one of the most progressive countries when it comes to cryptocurrencies and blockchain adoption, but the recent issues regarding the mining companies are re-igniting the debate on the sector because of its power consuming nature.
There are considerable environmental issues when it comes to mining cryptocurrencies and while studies have shown that cryptocurrencies are more likely to use renewable resources, the debate still goes on.
United States of America
Bill Introduced to Save Investors from Market Manipulation: A recent bipartisan US bill tabled in the House of Representatives intends to protect cryptocurrency investors from market manipulation. The bill was proposed by Democratic congressman Darren Soto (Fl) and Republican Tedd Budd (NC).
The bill has been named Virtual Currency Consumer Protection Act and direct Commodities and Futures Trading Commission to start action against price manipulation especially pump and dump cryptocurrency schemes.
The bill also intends to help the industry by undergoing a study of crypto regulations in other countries and recommending ways to make the US more competitive for blockchain companies.
Ohio University Announces Blockchain Hub: A top private university in the capital of Ohio has a new blockchain group called the Cleveland Blockchain and Digital Futures Hub.
The Case Western Reserve University (CWRU’s president Barbara Snyder announced the project during the maiden Blockland Solutions Conference in Ohio this week. The conference aims to turn the state into a regional center for blockchain technology.
The newly formed hub will study cutting-edge tech like blockchain and Internet of Things in addition to Virtual Reality for future applications. It also seeks to develop applications of the technology in partnership with enterprises including academic institutions, tech accelerators and government itself.
Bill Gates Believes Digital Currencies will Help the Poor: Microsoft founder and philanthropist Bill Gates has expressed admiration for cryptocurrencies and said that digital technology has the ability to empower the most impoverished population of the world.
This is not the first time Gates has opened up regarding cryptocurrencies. Back in 2014, he said:
“Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.”
Now Gates has come forward and said that the transformation of underlying economics through digitization of money can potentially help people living in poverty across the globe. The move can be seen in South America where Dash has been adopted by many people for donation-based services.
Healthcare Alliance Looking to Blockchain for Data Integrity: US Healthcare alliance that consists of seven biggest healthcare companies is exploring the option to improve data quality within its systems according to a report in Modern Healthcare.
The primary objective of the alliance is to look for ways in which blockchain can be used to improve data quality and help lower administration costs.
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