Moscow court blocks Telegram telecommunications app; Bitmain cleared for Bitcoin mining operations in the US

                                                     

Moscow  court blocks Telegram telecommunications app; this comes following the  chat app’s record-breaking $1.7B ICO; the move was reportedly motivated  by Telegram’s refusal to grant intelligence authorities access to users'  encrypted messages - Link           

Bitmain  cleared for Bitcoin mining operations in the US; the port of Walla  Walla unanimously approved a purchase and lease option for land on which  Bitmain will construct a crypto mining facility; Bitmain’s Ant Creek  subsidiary has yet to agree to the terms of the deal - Link               

Kyrgyzstan’s  patent records to be digitized through Russian IPChain association;  this news came at the IPQuorum forum, where it was announced that the  patent records will be stored in a new blockchain-based database; this  comes as governments around the world are increasingly adopting  blockchain technology - Link                

Release  of the first Overwinter-compatible Zcash node software, Zcash 1.1.0  version announced; the first block of Overwinter will likely be mined on  the 25th of June; this new release marks a major step in laying the  groundwork for increased Overwinter adoption - Link                

Major  German stock exchange, Sowa Labs, to launch cryptocurrency trading  application; the application will reportedly be called ”Bison” and will  be widely available in September of 2018; notably, the app will be free  to join and offer commission-free trading - Link               

Australian  tax treatment of cryptocurrencies outlined in Australian tax document;  the paper touches on the different aspects of transacting with  cryptocurrency; it also provides insight on how Australian capital gains  taxes work in relation to cryptocurrency investing - Link                

Bank  of England Governor Mark Carney states that ”cryptocurrencies are not a  risk to the financial state; this comment was followed by noting that  since cryptocurrencies are now part of the financial system, it needs to  be understood that this comes with great responsibilities - Link          

TREZOR announces new release of TREZOR Password Manager;  the latest version is 0.6.1, and this brings several new features to  the software; the update enables compatibility with TREZOR Chrome  extension as well as WebUSB - Link               

Yahoo  Japan acquires a minority stake in cryptocurrency exchange; the  exchange is the Japanese ”BitArg Exchange Tokyo”; Yahoo Japan reportedly  acquired 40% of the exchange, to a valuation of $19M - $27M; the  exchange is set to launch in the autumn of this year - Link              

Bitfinex  performance update centered around deployment of Hive; Hive is a  multi-threaded, multi-process, distributed matching engine that centers  on speed, scalability, and stability; this will allow traders on  Bitfinex to more readily react to changing market conditions and price  movements - Link

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