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‘China’s Google’ Baidu Launches Blockchain-Based Image Rights Protection Platform

China’s internet giant Baidu launches Blockchain-based image rights protection system in a bid to stamp out copyright infringements in the digital image space. Chinese internet search giant Baidu has launched a digital image property rights management platform based on Blockchain, the company announced Wednesday, April 11. The service, called Totem, timestamps each submitted original image with a real-time identity and other user data, storing it on a traceable and immutable Blockchain. According to the Baidu’s announcement, the company’s existing artificial intelligence capacities – including image analysis and semantic understanding – will feed into the construction of unique image tags, with the underlying Blockchain system allowing circulating images to be traced, reproduced, and monitored in order to substantiate or refute allegations of copyright infringement. Baidu announced that traditional stock photo services – including Getty Images partner, Visual China Group – have already moved onto the platform. The company has not clarified whether the Blockchain it is using for Totem is public or permission-based. Baidu’s Totem comes hot on the trail of Kodak’s own image rights management Blockchain platform, announced in Jan.…
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Santander, Ripple Launch First Blockchain Int’l Payment Service For Retail Customers

Santander has become the first bank to deploy Ripple’s Blockchain technology for transfers of customer funds. Spanish-based international bank Santander confirmed the launch of its Ripple-powered Blockchain payment network Thursday, April 12, becoming the first bank to do so. One Pay FX, which uses Ripple’s Blockchain technology to cut the cost and waiting time associated with international funds transfers, will initially be open to Santander account holders in Spain, Brazil, Poland and the UK, according to the company. “From today, customers in the UK can use One Pay to transfer money across Europe and to the US.…
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Bitcoin’s Price Jumps $1,000 In 30 Minutes Of Market Growth Across The Board

BTC has shot up above $8,000, and ETH above $400, as the crypto markets experience a steep 30 minutes of upwards growth. The crypto markets experienced an explosion of growth today, April 12, with Bitcoin (BTC) jumping more than $1,000 to break $8,000 over just a 30 minute period, and the rest of the market solidly in the green. While no specific events have been confirmed as the reason for the sharp price jumps across the board, Twitter users have speculated that the recent news that Bitcoin has been declared compliant with Shariah law – according to a report published online today, April 12 – may have contributed to the spike: Positive Fud Additional 1.8…
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World’s Second Largest Crypto Exchange OKEx Moves To ‘Blockchain Island’ Of Malta

Crypto exchange OKEx announces plans to expand into Malta, citing the country’s Blockchain ecosystem development Malta, which has recently passed regulatory legislation concerning Blockchain, cryptocurrencies, and Initial Coin Offerings (ICO) in a bid to become a crypto-friendly “Blockchain island,” is welcoming major crypto exchange OKEx to the country, according to an OKEx press release published today, April 12. Crypto exchange Binance, the world’s largest exchange by trade volume, also reported at the end of March that they were planning on opening at office in Malta, after receiving a warning from Japanese regulators.…
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National Currency, Scam And Police Violence: What’s Going On With Crypto In India

India’s National government continues to make belligerent statement, not forgetting about taxation India’s central bank, the Reserve Bank of India (RBI) has caused a stir on April 5, 2018 by announcing that it would not allow regulated institutions like banks, payment service providers and non banking finance companies (NBFCs), to provide services to persons or businesses that deal with cryptocurrencies. The RBI undertook this step due to a number of reasons which they claim as, “consumer protection, market integrity and money laundering, among others.”…
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Ripple Invests $25 Mln In XRP In Blockchain Venture Fund

Ripple invests $25 mln of XRP into a Blockchain venture fund to aid the “development of the Blockchain space” and identify new uses for its own products. Ripple, a San Francisco-based payment network utilizing Blockchain technology, invested $25 mln of its own cryptocurrency, XRP, into Blockchain Capital Parallel IV LP venture fund, according to a company announcement April 11. The $150 mln fund is managed by Blockchain Capital, the oldest venture capital firm dedicated to Blockchain technology and the digital currency ecosystem, and the first fund to accept capital calls in cryptocurrencies.…
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Alibaba’s Taobao Expands Crypto Regulations By Banning ICOs And Associated Services

Alibaba subsidiary Taobao bans stores on the platform from providing ICO-related services after a previous ban of cryptocurrencies like Bitcoin. Chinese online shopping website Taobao, a subsidiary of retail giant Alibaba, will be banning stores on the platform from providing services related to Initial Coin Offering (ICOs), according to the press release published on Tuesday, April 10. The official statement offers an update of the firm’s previous cryptocurrency-related restrictions, which banned Taobao’s customers from services related to cryptocurrencies like Bitcoin (BTC), as well as from offering cryptocurrency mining tutorials, Bitcoin mining machines, and other related hardware. The new regulatory framework that will take effect starting April 17, consists of two major changes.…