Liberstad, a new city in Norway which also the first “free from government” city in the world have revealed their plan to launch its own native currency. The native currency will be called, City Coin and will make it a blockchain-based smart city and allows its user to pay for anything including groceries and lifestyle-related needs using the crypto.
An official post has confirmed that a fiat-cryptocurrency exchange, Coinmama have been hacked with approximately 450,000 email-password pairs found for sale on the “Dream Market” dark web for about $15,000. The hacked credentials from Coinmama are not from the recent accounts, but only affects the accounts made prior to 5th August 2017.
Bitcoin has been utilized for the first time for the export deal of pesticides and fumigation products between Argentina and Paraguay. The service is always quoted in local currency. In this case, Bitcoin is just a vehicle to process the payment. The exporter receives Argentine pesos or dollars, and the buyer pays in local currency.
Liechtenstein has started offering cryptocurrency exchange service in government-owned post office counter in the country located in the city of Vaduz, announced on February 15th. In order to make it possible the partnership has been established between the post office with the largest cryptocurrency ATM network in Switzerland, Zug-based Värdex Suisse.
A city located in South Korea, Gimpo will be launching its own cryptocurrency develop by KT Corporation. The chief executive of KT blockchain division, Seo Young-il then explained, “Based on the differentiated technology and business competitiveness of the KT blockchain local currency platform, we will successfully carry out the local currency business in Gimpo City.”
The legal uncertainty on cryptocurrency has been cleared-up by the Indonesian regulators which have decided that bitcoin now accepted as a tradeable commodity in the country. The Indonesian Trade Ministry Futures Exchange Supervisory Board (Bappebti) have issued the regulation and authorizes cryptocurrency trading in Indonesia as well it prescribes compliance rules.
A technology firms based in Japan, Rakuten has revealed that they’re going to expand the functionality of its payment app by adding the support for Bitcoin by March 2019. Previously, it was reported that Rakuten has successfully acquired a domestic bitcoin exchange named Minna no Bitcoin which provides the service of selling, buying and trading Bitcoin in Japan to its users.
An Australian cryptocurrency exchange named myCryptoWallet has announced that they have launched myCryptoCard. The CEO of myCryptoWallet, Jarid Koenigsmann then explained, “The cards mean consumers have the flexibility to use crypto where, how and when they like, and do away with so many of the fees that come about when exchanging back and forth between crypto and fiat.”
A payment solution firm, Digital Service have successfully partnered with 10,000 retail shops in France to sell cryptocurrencies such as Bitcoin, Ethereum, Dash and Litecoin. The CEO of Digital Service, Christopher Villegas said, “The deployment of DIGYCODE is the result of a partnership between digital service and Ingenico, and Tobacconists equipped with a DEVLYX Cash register…”
Five cryptocurrency exchanges, Money Forward Financial, OKCoin Japan, Mercury, FXcoin, and Decurrent have recently participated in the Virtual Currency Exchange Association(JVCEA). The president of JVCEA, Taizen Okuyama commented, “We will not miss this opportunity, and we will work to help the recognition of virtual currency as indispensable in supporting future digital innovation in the world.”