The image of the day
We're presenting "the image of the day". Bitnewstoday.com chose only the freshest and most important news about the digital economy and virtual currencies. Only the most valuable stories from only the proof sources. Each and every event from this list will change the world of the digital economy either way. The most important of today's stories in most indicative quotes below!
Switzerland seeks to regain cryptocurrency crown (reuters.com)
Swiss regulators are stepping up efforts to halt an exodus of cryptocurrency projects from the country after two of only a handful of banks active in the nascent sector shut their doors on it in the last year.
While crypto-related business in Switzerland is tiny compared with its traditional banking sector, it has grown rapidly and employs hundreds of people. To stop them from leaving government is taking measures to find a consensus in this situation, which is not an easy task. The Swiss government says that they welcome innovation and want the country to remain competitive but they have zero tolerance for financial crimes and frauds.
Ethereum could make blockchain mainstream (Express.co.uk)
ETHEREUM could yet change the world and propel blockchain technology to become “as broadly adopted as the internet is today” according to leading tech expert. Jeremy Allaire, CEO and co-founder of fintech company Circle told that the ethereum movement is now gathering momentum: ”It’s a really fertile space in terms of the fundamental, technical and infrastructure. Right now ethereum has an enormous amount of developer activity. One of the things that really catalyzed the cryptocurrency market last year was actually that ethereum, in particular, kind of got to a place where you could build apps on top of it. You could issue new tokens on top of it; you could create new kinds of financial contracts, using the smart contracts technology."
Malta Stock Exchange, Crypto Exchange OKEx to Launch Security Tokens Trading Platform (Cointelegraph)
The Malta Stock Exchange (MSE) in collaboration with digital asset exchange OKEx will create a new institutional grade security-tokens trading platform, says a MSE press release shared with cointelegraph on July 19.
The joint project, named OKMSX, launched after the signing of a Memorandum of Understanding (MoU) between MSE and OKEx, and aims to become a platform for digital asset exchanges with security expertise and client due diligence.
‘World’s First’ Trade Blockchain Launches in Singapore to Link China and ASEAN Nations (ccn.com)
A Singapore-based e-government service provider, Сrismon logic – notably owned by a government body and a port operator – has launched a blockchain platform focused on cross-border trade between ASEAN nations and China.
“We believe that our Blockchain technology can help create greater trust amongst cross-border traders in ASEAN and along China’s BRI and Southern Transport Corridor. Trade volume between ASEAN and China would become the single largest transaction between two regions and we hope to facilitate this” said CrimsonLogic chairman Eugen Wong.
Stellar XLM Surpasses Litecoin for Sixth Spot in Crypto Market Rankings (hacked.com)
Stellar’s massive gains over the past 48 hours have catapulted XLM to six spot in a crypto market rankings, surpassing digital silver, litecoin, for a first time. At current price levels, Stellar has a total market capitalization of $5.7 billion – some $700 million higher than the next cryptocurrency, Litecoin.