Huobi Pro Provides Users With Plans for the Upcoming Fork
Yesterday, Huobi Pro, a cryptocurrency exchange based in China, announced its Segwit2x contingency plans for the firm’s trading platform. Huobi Pro plans to support all the tokens that derive from the planned Segwit2x hard fork. The announcement reads:
"Huobi Pro does not have the right to pick and choose any coins deriving from bitcoin Segwit2x hark fork on behalf of our users. Therefore, Huobi Pro will support all coins deriving from bitcoin Segwit2x hard fork and our users have the options to choose which coins to trade."
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Russian Businesses Urge Government - Only Domestic Cryptocurrencies
The Association of Entrepreneurs for the Development of Business Patriotism (Avanti) sent a proposal to the Federation Council and the State Duma on Monday to legislatively permit only the circulation of domestic cryptocurrencies in Russia.
Avanti is one of Russia’s leading public associations for entrepreneurs and businessmen. Supported by members of the Russian parliament, the association works to promote the idea of business patriotism. In its letter, the association wrote:
"We propose to prohibit the issuing and circulation of foreign cryptocurrencies in the territory of the Russian Federation, to concentrate on the development of domestic virtual currencies."
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Microsoft Opens Blockchain Door to the Government
Revealed yesterday at Microsoft's Government Cloud Forum 2017 in Washington D.C., the tech giant is launching Azure Government Secret, a service designed to provide government agencies better access to cloud computing. In doing so, Microsoft also allows existing Government Cloud clients to access the Microsoft Azure blockchain-as-a-service suite. Microsoft Azure's chief technical officer Mark Russinovich stated:
"The U.S. government requires those data facilities to be operated by U.S. citizens with special clearance, and so the contractor we use meets that. Blockchain makes it much harder for fraud and waste to exist, makes it much more visible if it does exist and potentially gets rid of a lot of layers of bureaucracy that are designed simply to ensure that waste and fraud [don't] exist."
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