Cryptocurrency & Blockchain breaking news

iEx.ec presented a working demo of the world’s first distributed cloud computing network at the European Ethereum Conference EDCON this week. The French startup, founded by Gilles Fedak Ph.D and Haiwu He, Ph.D, certified experts in distributed computing, aims to be first to market with a new technology that uses blockchain smart contracts to redesign cloud computing.

The Dutch pirate party is demanding the Dutch Government allow every citizen to choose the kind of currency they want to use, including when paying for state services. The Dutch pirate party is one of the over 40 pirate parties worldwide.

As Bitcoin become more powerful and more widespread day by day, many countries are now considering the best ways of harbouring the cryptocurrency. The Philippines is the latest country to consider guidelines that will shape the development of a regulatory standard for Bitcoin.

China is losing a good portion of its forex Reserves in, what is considered to be by many people, an attempt to raise the value of the Chinese Yuan. China, which got hit by hard monetary issues through most of 2016, still continues to struggle to completely offset its economic woes.

The darknet is the space where off-the-grid transactions occur. Commodities there range from drugs, and smuggled goods to human organs. Cryptocurrency has aided the flourishment of the darknet since it provides an undetectable payment system.

On a continuous regulation drive against capital flight and in an attempt to block all loopholes that allow large sums of money to flow out China, the PBOC have intervened to block margin-based and zero-fee Bitcoin Trading. The Chinese government is still struggling with the massive capital outflow from its economy.

Charlie Lee urges the Litecoin Mining community to support the Segregated Witness Activation proposal now and open the blockchain frontier to amazing new possibilities.

Byteball, a Russian cryptocurrency platform based in Moscow, has announced an upcoming distribution of its Bytes crypto tokens. The first round of the distribution took place on Christmas day, December 25, 2016, and the second round is to take place on February 11, 2017, at 00:33 (UTC) hours according to information on Byteball’s website.

Four people have been arrested in Venezuela for using the country’s electricity illegally by mining Bitcoins. Bitcoin mining is a very power-intensive activity consuming many units of electricity a day. Implying that if unpaid electricity is used, within just a few weeks, millions of dollars in power revenue could be lost.