Rwandan Central Bank Looks to Issue Official Digital Currency

Rwanda’s central bank, the National Bank of Rwanda, is researching how to offer an official digital currency. BNN Bloomberg reported the news on Aug. 22. The central bank is interested in offering digital currency as a means to increase transaction efficiency and foster economic growth, per the report. However, Financial Stability Director-General Peace Masozera Uwase remarked that work remains to be done before implementation is on the table: “There are still concerns about how exactly you convert the entire currency into digital form, how to distribute that and how fast…

Pundi X Expands Crypto Payments to Venezuelan Department Store Chain

Cryptocurrency startup Pundi X has partnered with major Venezuelan chain Traki, who will now offer Pundi X’s blockchain-based point-of-sale devices for crypto payments. Pundi X announced the expansion in an official blog post on Aug. 20. The device, called XPOS, will reportedly allow Traki’s customers to pay with top cryptocurrencies Bitcoin (BTC) and Ether (ETH), as well as a number of other cryptocurrencies and Pundi X’s native tokens. Traki’s progressive use of crypto With 49 outlets in total, Traki is one of Venezuela’s largest department store chains, per the report.…

Bitcoin Price Stays Above $10,000 as Overall Crypto Market Sees Green

Thursday, Aug. 22— Bitcoin (BTC), Ether (ETH), and XRP are all in the green. These top three coins fell from Monday to Wednesday, but are moving upwards again. Top cryptocurrencies are generally green across the board.  Market visualization. Source: Coin360 Bitcoin is trading over $10,120 at press time, representing a 0.08% price increase on the day. One analyst, a senior qualitative researcher at crypto investment fund Ikiga named Hans Hauge, believes that BTC is still in the middle of a bull run. According to Hauge, the Bitcoin Days Destroyed (BDD)…

Coinbase WalletLink Now Lets Clients Use DApps on Desktop Browsers

Crypto exchange Coinbase’s user-controlled Coinbase Wallet has enabled its clients to use decentralized apps (DApps) on any desktop browser with the WalletLink service. Expanded access to DApps Per an official blog post on Aug. 22, Coinbase Wallet’s users can now use their DApps on any desktop browser through WalletLink, which serves as a bridge between customers’ Coinbase Wallet app and desktop browser.  As of press time, Coinbase has tested WalletLink with browsers such as Google Chrome, Mozilla Firefox, Microsoft Edge, Opera and blockchain-based decentralized browser Brave. The company plans to…

MouseBelt Launches Blockchain Initiative Across Three UC Campuses

Blockchain accelerator MouseBelt has launched a blockchain education initiative at three UC universities. Blockchain education at U.S. universities In a press release shared with Cointelegraph on Aug. 22, Mousebelt announced an initiative with UC Davis, UC Los Angeles and UC Santa Barbara to support blockchain-focused education, research, and entrepreneurship. Per the release, the firm will provide an initial donation to be divided between the three campuses. Mousebelt plans to invest $500,000 for student projects and raise another $500,000 to fund researchers directly, supporting up to five early-stage companies with up…

7,000+ Sign Petition Against Drafted Cash Restrictions in Australia

More than 7,000 people have signed a new petition against drafted cash restrictions in Australia, different drafts of which include and exclude digital currencies from proposed limits. Earlier this week, Robert Barwick, director at the Citizens Electoral Council of Australia, initiated a petition against the proposed “Currency (Restrictions on the Use of Cash) Bill 2019” recently introduced as an explanatory draft by Australia’s parliament. The drafted bill specifically proposes banning cash transactions over 10,000 AUD ($6,900), including transactions involving digital currencies. Preventing cash usage in illicit activities? The impetus for…

FomoHunt Becomes First Merchant to Accept Huobi Tokens as Payment

Cryptocurrency exchange Huobi’s native Huobi Token (HT) is now available for making real-world online purchases of a wide range of products from the e-commerce platform FomoHunt. Per a press release shared with Cointelegraph on Aug. 22, users of HT can now purchase clothes, art, hardware and other products from the e-commerce and cryptocurrency industry news platform FomoHunt. James Lawrence, co-founder of FomoHunt, commented on the development: “Being able to work directly with Huobi is an amazing opportunity. We are working together to allow our community users to use Huobi Token…

Blockchain Energy Startup Power Ledger Extends P2P Power Trading Trial

Energy-focused blockchain startup Power Ledger has extended its peer-to-peer (P2P) energy trading trial into its next phase in the Australian city of Fremantle. In a press release shared with Cointelegraph on Aug. 21, Power Ledger revealed the continuation of its p2p solar power trading trial aimed at tracking rooftop solar energy traded between households in Fremantle. The households participating in the project can set their own energy prices in the market. ‘50,000 transactions per month’ The testing — which is a collaborative effort between Power Ledger, Curtin University, energy generating…

As Coordinated Sell-Offs Strike Altcoins, How Do Exchanges Respond?

Cryptocurrency liquidity has long been a thorny issue for enthusiasts and evangelists. Although they eagerly promote the ecosystem and tout blockchain’s benefits, the elephant in the room that most enthusiasts willingly ignore is the challenging liquidity conditions that impact cryptocurrency markets’ orderly flow. The enormous volatility witnessed across the cryptosphere has been a staple of the industry since Bitcoin trading began. Intraday moves exceeding 10% are not uncommon or unheard of, and even steeper inclines and declines have dotted the trading landscape fairly regularly over the years.  Still, the market itself has been…

Japanese Crypto Exchange Coincheck Is Considering Launching an IEO

Major Japanese crypto exchange Coincheck is considering launching an initial exchange offering (IEO) platform for raising funds through utility tokens. The platform Acquired by Japanese financial services firm Monex Group in April 2018, Coincheck hinted at its plans to establish an IEO business in a recent public announcement, Cointelegraph Japan reported on Aug. 22.  According to the report, Coincheck has started investigating fundraising opportunities based on utility tokens, claiming that IEOs are gaining more global attention and ensures more reliability as a method of securing funds.  In a public statement,…