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NEWS UPDATE

Over 500 BTC Belonging to Iranians Seized by US Government: Report

According to the head of Iran’s Blockchain Association, over 500 BTC belonging to Iranians were confiscated by the U.S. government last year, and the number is still rising. He make clear that Iranians are unable to take action through suitable channels from within their country due to Iran’s legal status of cryptocurrency.

He admitted that the accurate number of confiscated BTC “is not clear, but it is expected to be over 500 bitcoins, worth approximately 25 billion tomans ($5.77 million)” at the time, the publication quoted him.

“Some people believe that this confiscation is because bitcoin owners were circumventing U.S. sanctions,” Mohammadi added.

Currently, news.Bitcoin.com reported that the government of Iran is considering using cryptocurrencies to stop long-held U.S. economic sanctions. Mohammad Reza Pour-Ebrahimi, the chairman of the Iranian Parliament’s Economic Commission, said in an interview with Mizan news agency on July 15 that digital currencies are among the major mechanisms that Iran can use to the evade the sanctions. He noted that the Iranian parliament will soon discuss this issue.

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NEWS FLASH

China’s Center for Information Industry Development has released its third ranking of crypto projects. Out of 31 projects, EOS remains at the top of the list while both Bitcoin and Bitcoin Cash have improved slightly from the previous month.

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NEWS FLASH

The parliament of Antigua and Barbuda has improve the country’s Citizenship by Investment Programme Act to accept payments in the form of bitcoin and other cryptocurrencies. With Antigua and Barbuda’s citizenship by way of investment into its National Development Fund having been made smaller to a cost of $100,000 USD last year, the price of citizenship in the independent Commonwealth country is less than 13 BTC at recent prices. The resolution was passed in the country’s lower house and also facilitates CIP

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NEWS UPDATE

Largest Cannabis Community Market in Israel to Accept Bitcoin Payments

Before it was turned into an investment asset, the invention of Bitcoin pledged to usher in a world where anyone can pay for anything they like without a need for getting prior authorization from the powers that be. The demand for uncensorable transactions still exists, and the biggest example of this comes from Israel where the biggest cannabis community market has turned to bitcoin payments.

Telegrass, an Israeli community-based cannabis marketplace with over 100,000 members, has made known earlier today on social media that it will start charging merchants for some services, offering discounts for bitcoin payments. The community works to promote the legalization of recreational use of cannabis in Israel and offers a platform to connect buyers and sellers via the Telegram network. Merchants can still list their products for free in one city but will have to pay in order to extend their coverage.

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NEWS FLASH

China Releases Ranking of 31 Crypto Projects

China’s Center for Information Industry Development has released its third ranking of crypto projects. Out of 31 projects, EOS remains at the top of the list while both Bitcoin and Bitcoin Cash have improved a little from the former month.

The Center for Information Industry Development (CCID), under China’s Ministry of Industry and Information Technology, officially released its third crypto project ranking last week. The new list consists of 31 crypto projects.

The center began ranking 28 crypto projects in May. The following month it added 2 more projects: EOS and Nebulas. This month, one more is added, making a total of 31 crypto projects on the list. Gxchain is the most recent addition.

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NEWS UPDATE

Bitcoin Exchange Sponsoring Premier Soccer Club

English Premier League soccer club Wolverhampton Wanderers (Wolves) are playing their season with a first-of-its-kind left sleeve: cryptocurrency exchange Coin Deal’s logo. While many of other examples of the intersection between professional sports and cryptocurrency exist, the arrangement between the exchange and the Wolves is a fairly big step in bringing the crypto idea to a very mainstream audience.

“Looking back at our trip to Molineux Stadium in Wolverhampton,” Coin Deal currently posted, “where our founder and CEO, Kajetan Maćkowiak, signed the historic document making Coin Deal a very first digital currency exchange platform in the Premier League” meant mainstream exposure for the exchange. “We are pleased to be a sponsor of such a big football club as Wolverhampton Wanderers FC!” Mr. Maćkowiak emphasized.

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NEWS UPDATE

The Daily: Cars and Pizzas for Crypto in Russia, Crypto Valley in South Korea

The wide adoption of cryptocurrencies in Russia has been put on hold after the State Duma postponed the final reading of three crypto bills for its fall session. However, Russian companies are already planning to make known crypto payments as soon as the regulations are in place. Among them, a major car dealer and an international pizza chain. Also in The Daily, the governor of Jeju has received support from Bitcoin.com for his efforts to create a Crypto Valley on the island. And while the South Korean province hopes to become a crypto and blockchain hub in Asia, major European banks have chose to base their blockchain initiative in Dublin.

One of Russia’s major car dealers, Avtospetscenter (ASC), has admitted it intends to start selling automobiles for digital money. “We are thinking of selling cars for cryptocurrency. The idea is under development. If there are no barriers in the legislation, ASC will start selling cars and providing crypto services by 2020 – 2021,” Andrey Turkin, general manager of ASC’s subsidiary Audi Center Taganka, said quoted by Bits Media.

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NEWS UPDATE

Kim Kardashian Receives Her First Physical Bitcoin

Social media personality and global superstar Kim Kardashian West was given her first bitcoin – in physical form. The entertainment mogul immediately featured her new asset for all the world to see, much enthusiasm and amusement of the cryptocurrency community.

Draped in black, the Kardashian gals mingled at their table, snapping photographs and attempting to play poker with a coach to guide them. Also at the charity soiree was crypto entrepreneur Matthew Roszak. He came ready.

At some point, he gave Kim Kardashian West, arguably the most famous of the klan, what appears to be her very first physical bitcoin (BTC). Those wondering why someone like Mr. Roszak would gift fundamentally $8,000 (at press time) to someone of Mrs. Kardashian West’s considerable wealth, some basic facts might be in order.

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