Another shipping company has now joined the global blockchain revolution, this time it’s UPS. According to a filing with the U.S. Patent and Trademark Office (USPTO), the global shipping giant is considering setting up a system of locker banks so that it could take in Bitcoin as payment.
Here’s how it works: As outlined in the USPTO filing document, a seller can leave an item inside a locker (which can be rented) for the buyer to pick up later-on by entering the designated payment, thus completing the transaction.
Earlier this week, Mnuchin spoke at the Senate Banking Committee. It was during this presentation that Mnuchin reportedly stated that even though he doesn’t believe cryptocurrencies pose a threat to the stability of the market, he is very wary about criminals using virtual currencies for criminal activity such as money laundering. For these reasons, Mnuchin plans to start a discussion regarding cryptocurrency regulation at the next G20 summit. The G20 summit allows for the globe’s 20 leading industrialized economies to come together, and the next one will be held in Argentina next month.
Interestingly, if Mnuchin ends up discussing cryptocurrency regulation next month at the summit, this actually won’t be the first time this topic has been discussed at one of the meetings. In 2015, the matter was discussed during a meeting with the G7 nations. For those who don’t know, the G7 includes the following countries: France, Italy, the United States, the United Kingdom, Canada, Germany, and Japan.
Cryptokitties is the largest game launched on the blockchain, to date. It was built on the Ethereum blockchain and has made $19.5 million, to date. It was invented and launched by Vancouver’s, Axiom Zen. We got to sit down with their Director of Communications, Bryce Bladon, for an exclusive interview about the CryptoKitties expansion.
Cryptokitties saw Ethereum blow up in December reaching it’s highest peak at the time. The game features breedable and sellable cats or crypto kitties that vary in value. The most expensive kitty ever sold on CryptoKitties was worth $117,712 USD or 246.9255 ETH at the time of sale!
BitcoinTalk is a like a noticeboard where people take part in the technical details and the development of Bitcoin software and discuss with each other. Though, people who’ve passion in Bitcoin mining, trading with Bitcoin, and in the budgetary of Bitcoins can participate in this forum.
Reddit Bitcoin Community
Reddit Bitcoin community is one of the famous social website. A person called Atlas founded this community in September 9th 2010. However, it is the reliable place among several Bitcoin communities in terms of news, community feedback, and updated information about various companies.
CryptoCompare is basically founded in November 2014 and released to the public in late July 2015. This platform also provide best information in showing the most accurate live prices, charting and market analysis from the top cryptoexchanges globally.
Another community is most popular which is Cryptocurrency Talk. The major perception is to provide sufficient knowledge with the news, information, and discussions about the cryptocurrencies.
An Initial Coin Offering is a fundraising source from crowd of cryptocurrency investors and markets. When a new currency is launched, the company needs initial funds to make it work and this is where ICO evolved.
The first ICO was by Mastercoin in 2013 which has raised approximately US$6lakh to create Bitcoin exchange.
How does it work?
There is a term called “IPO” – Initial public offerings. This term is popularly known when it comes to share market. Under IPO, companies sell their equity which is backed by tangible assets. While in case of ICOs, companies’ transfers/exchange their novel cryptocurrency which is known as Tokens. Beside this, for existing cryptocurrency, payment can be done using old-fashioned cash or often bitcoin and Ether.