Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.
Iran To Lift Cryptocurrency Ban In Sept.; Plans Own Digital Coin
The government of Iran is planning to lift the blanket ban on cryptocurrency and launch its own national cryptocurrency backed by Iranian rials, according to reports by state-controlled media. The country is expected to deliver new digital currency regulations in September. The proposed launch is expected to help the country overcome the heavy financial sanctions imposed by the US. It is expected that the state-backed cryptocurrency will be similar to bitcoin with transactions carried out on an online ledger called a blockchain. But, the public can not mine it as the infrastructure will be private.
Over 200 ICOs, Crypto Projects Being Probed In US, Canada
The North American Securities Administrators Association (NASAA) announced that more than 200 active investigations into Initial Coin Offerings (ICOs) and cryptocurrency-related investment products have been initiated by state and provincial securities regulators in the United States and Canada. While some of the enforcement investigations involve suspected securities fraud, regulators are finding many other potential violations of state and provincial securities laws, including failure to properly register a product before it was offered to investors.
Britain looking to apply blockchain tech. to secure digital evidence
The British Government’s Ministry of Justice is exploring ways to deploy Blockchain and Digital Ledger Technologies (DLTs) for securing digital evidence and identity information . It plans to trial DLT solutions for inter-agency evidence sharing later in 2018. The use of DLT will enable protection of digital evidence and guarantee the integrity of evidence chains. It will help maintain chronological record of the creation/access/modification of digital evidence by which entity, from what location, to enable the reconstruction and examination of the sequence of events, and actions leading to the current state of the digital evidence.
University of Malta offers $350,000 in Blockchain study scholarships
The Maltese government has partnered University of Malta to provide 300,000 euros or $350,000 in scholarships over the next three years for eligible students pursuing post graduation courses related to Blockchain and Distributed Ledger Technologies (DLTs). Malta is welcoming cryptocurrency and blockchain businesses as the small Mediterranean island nation plans to transform itself into a fintech hub and a crypto-friendly “Blockchain island.”
California Legislature Passes Bill To Establish Blockchain Working Group
California state legislature has passed a bill to establish a blockchain technology working group, to examine the potential benefits of the technology to the state. As per the bill, the Secretary of the Government Operations Agency will require to form a blockchain working group on or before July 1, 2019. The working group will consist of appointees from both technology and non-technology industries, appointees with a background in law, as well as representatives of privacy and consumer organizations. The State Chief Information Officer, the Director of Finance, or their designees, one member of the Senate, and one member of the Assembly will also be part of the group.
Steady rise in students’ interest in crypto, blockchain courses: Survey
A nationwide survey of students and universities in the United States has found a growing roster of crypto and blockchain courses amid a steady rise in students’ interest in both the subjects. The survey was conducted by US digital currency exchange Coinbase in partnership with research firm Qriously. 42 percent of the world’s top 50 universities now offer at least one course on crypto or blockchain. Blockchain and cryptocurrency courses are most prominent in the U.S. compared to other countries.
As of this writing, since yesterday, Bitcoin is trading down 2.67 percent at $6877.12, and Ethereum is 4.69 percent lower at $279.21 on Coinbase.