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Roundup – 19/02/2019 – Norwegian City Replaces Fiat With Own Cryptocurrency

Liberstad – Norwegian Smart City Replaces Fiat With Own Cryptocurrency

Liberstad, a city in southern Norway, has abolished Fiat money in favor of its own cryptocurrency. The new money of Liberstad has the name City Coin (CITY). The people of Liberstad have already adopted CITY to buy goods and services. A spokesman of the city spoke to express.co.uk in which he describes libertarian values of Liberstad. He describes Norway as one of the most socialist countries in the world. However, due to its oil and gas reserves Norwegians have one of the highest living standards in the world.  The city has the goal of becoming a smart city with as little influence as possible from the Norwegian state.

German Government Researches Potential of Blockchain

The German Government has started a consultation process on how it could benefit from implementing the blockchain. According to Reuters, Germany wants to present a strategy for the technology by the summer. The government invited industry representatives to provide recommendations of any kind. The process has no definite goal and is open to any outcome. Startups in Germany have previously complained about high hurdles to build their businesses with blockchain or even a cryptocurrency.

Crypto Market In The Green As Bitcoin Breaks The Level Of Resistance

Bitcoin (BTC) has been trading within the range of $3,400 and $3,600 from the beginning of the year. The BTC chart from February 8th, 2019 shows little variations as the price established itself around $3, 600. In this last 10 days, it seemed as if the level of resistance which had formed at $3, 700 was unbreakable in the short run under the same market conditions. However, this has since changed and BTC has crossed the level of resistance and is now trading at $3,799.26. It is highly likely that the growth streak is likely to gather momentum on its progression towards the $3, 800 level and further towards the $4,000 point.

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Coindesk Reports $500 million Loss of Bitmain for Q3 2018

According to Coindesk, Bitmain reported a $500 million loss for the third quarter of 2018. As Bitmain still aims to initiate an IPO on the Hong Kong Exchange it has to disclose its balance sheets. However, the filing is not public & CoinDesk cites only “a source familiar with the situation”. Still, due to the situation of the crypto market and the falling demand for mining hardware the numbers seem plausible at least.

 

Netflix Is Creating A Documentary About Altcoins After Releasing Its Bitcoin Production

Netflix is producing a documentary about Altcoins. These are alternative Tokens that have been deployed by Blockchain experts. Their goal is to build on the idea of Bitcoin and offering Cryptos that are faster, safer, reliable, and compatible in most platforms such as wallets or merchant Points-of-sale networks. The documentary from the award-winning film producer aims to educate the public about smaller Cryptocurrencies that are over 2,000 in number. They are unique from the leading Digital Tokens that include Bitcoin, Litecoin, Ripple, Bitcoin Cash, etc. as they offer features that have the potential to revolutionize the world but remain unknown.

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