Blockchain News 13 January 2018

South Korean citizens oppose cryptocurrency trading ban

JTBC, a South Korean nationwide general cable TV network and broadcasting company reports the South Korean government is “shocked” at the number of citizens requesting the removal of Justice Minister and Finance Minister for market manipulation.

100k signatures have been filed to reject the cryptocurrency trading ban proposal.

30k signatures have been filed for the removal of the two ministers.

Twitch now accepts Bitcoin for subscription streaming service

Twitch, the world’s largest video game streaming service now accepts Bitcoin for it’s subscription streaming services.

Twitch is owned by Amazon.

Twitch uses Bitpay for processing its Bitcoin transactions.

Blockchain News 13 January 2018

Two electric powerstations purchased in Russia to mine cryptocurrency

Two electric power stations in Russia have been sold for the purpose of cryptocurrency mining, the Kommersant newspaper reported, citing sources. It is the first such deal in the country.

The two power stations are in Perm Region, on the western slopes of the Middle Ural Mountains, and in the neighboring Republic of Udmurtia. The facilities will be used to create a data center and a center for cryptocurrency mining, the newspaper reported.

The stations were reportedly sold for about 160 million rubles (about US$3 million) The reported new owner of the power stations, businessman Aleksey Kolesnik, has indirectly confirmed the acquisition, but said that cryptocurrency mining will only be possible after Russia adopts the relevant legislation.

Blockchain News 13 January 2018

A Blockchain is a distributed registry technology that uses a distributed, decentralized, shared, replicated registry that can be public or private, closed or accessible for participation, and also based on tokenized cryptoeconomics or not using tokens. The data in the register must be unchangeable, subject to audit, protected by cryptography and providing uncensored truth.

Bitcoin Quote from Marc Andreesen:

Bitcoin gives us, for the first time, a way for one Internet user to transfer a unique piece of digital property to another Internet user, such that the transfer is guaranteed to be safe and secure, everyone knows that the transfer has taken place, and nobody can challenge the legitimacy of the transfer. The consequences of this breakthrough are hard to overstate.”