Indian Authorities May Legalize Cryptocurrency

It can be possible only with strict government regulation
27 December 2018   423

The government of India is ready to legalize the use of bitcoin and other cryptocurrencies, but only under the strict restrictions of the industry. This is reported by the local New Indian Express.

Formed by the Ministry of Finance of India, the Commission for the study of cryptocurrency is of the opinion that Bitcoin cannot be outlawed. It is expected that the commission will prepare a new report on this issue by February 2019.

Note that in December, during the G20 summit, the heads of the participating countries signed a final declaration, in which they noted the need to regulate cryptocurrency. Since India is a member of the G-20, any measures regarding cryptoindustry will be coordinated with international practices.

In April, the Reserve Bank of India banned controlled entities from providing cryptocurrency-related services to individuals and companies.

In November, after numerous delays, the cryptocurrency commission promised to submit a bill on Bitcoin regulation by the end of the year.

EOS to Buy $30M Worth Domain For Its Social Network

Earlier, CEO reported that his company will spent about $150M to develop Voice, and looks like "voice.com" purchase for $30M is one of the first steps
19 June 2019   146

The Block.One company, known for developing the EOS blockchain protocol, acquired a domain for its new social network Voice for $ 30 million. This is evidenced by documents published on the website of the US Securities and Exchange Commission (SEC).

Documents were provided by MicroStrategy, an analytical and mobile software provider. It follows the “voice.com” domain, registered in the GoDaddy domain name registry, was transferred to the EOS developer on May 30, 2019. After 2 days, Block.One officially announced preparations for the launch of a social network.

Block.one has made a smart strategic decision in choosing Voice.com to be the internet domain name for its new social media platform. The word ‘voice’ is simple and universally understood. It’s also ubiquitous — as a search term, it returns billions of results on the internet. An ultra-premium domain name like Voice.com can help a company achieve instant brand recognition, ignite a business, and massively accelerate value creation.
 

Marge Breya 

Senior Executive Vice President and Chief Marketing Officer, MicroStrategy Incorporated. 

The commercial model of MicroStrategy is based, among other things, on the accumulation and sale of such expensive domain names.

According to Block.One, the identification of users and the use of the EOS blockchain in the social network will help to avoid the massive influx of bots, which often affect other members of this niche. Earlier, CEO Block.One Brendan Blamer reported that his company spent about $ 150 million to develop Voice.