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Singapore Launches Blockchain Challenge with Funding Prizes

Singapore's government is launching a challenge that will reward successful blockchain projects with funding.

In an announcement Thursday, Singapore's Infocomm Media Development Authority (IMDA) said the challenge aims to boost blockchain innovation as part of a wider goal of the digital transformation in the city state.

According to the fact sheet for the challenge, the bureau is specifically targeting two categories of blockchain applications: "enterprise" and "transformation."

The agency further explains that it is looking for distributed ledge technology that can either streamline business operations or that more broadly envisions changes in social interactions, such as within public services.

The IMDA said participants that are shortlisted will have six months to develop either a minimum viable product or proof-of-concept. Winning projects will receive S$50,000 (US$38,000) for the enterprise section or S$100,000 (US$76,000) for the transformation category.

[jonaz108]

Russia’s Gazprombank to Test Cryptocurrency Transactions In Switzerland
Gazprombank, the third-largest bank in Russia, plans to conduct cryptocurrency transactions in Switzerland later this year as part of a pilot program through its Swiss subsidiary.

[jonaz108]

West Virginia Becomes First state to Implement Blockchain Mobile Voting Solution
West Virginia is testing a secure military mobile voting solution for military service members who can’t vote in person.

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Despite having witnessed a so-called "death cross" over the weekend, bitcoin (BTC) is now eyeing gains above the $7,000 mark.

The much-feared technical indicator (bearish crossover between the 50-day moving average (MA) and the 200-day MA) was confirmed over the weekend, but, as anticipated by CoinDesk, the oversold conditions seem to have put a floor under bitcoin prices.

As of writing, CoinDesk's Bitcoin Price Index (BPI) is seen at $7,040, having clocked a 54-day low of $6,443 on Sunday. Meanwhile, the cryptocurrency was last seen changing hands at $7,060 on Bitfinex - up 9.88 percent from the previous day's low of $6,425.

The recovery is pretty much in line with the historical pattern, which shows that bitcoin tends to regain poise every time the relative strength index (RSI) drops to or below 30.00.

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Bitcoin Price Leads Crypto Comeback after Market Briefly Dips Below $250 Billion
The Bitcoin price led a comprehensive cryptocurrency comeback on Monday after the market briefly dipped below $250 billion on Sunday.

[jonaz108]

Here’s What It Costs to Get John McAfee to Promote Your ICO
While prices for many of the services are not listed, one that is will likely raise some eyebrows. Clients can pay $105,000 to have McAfee tweet about their ICO to his 811,000 followers — at least some of whom are likely bots.

[jonaz108]

Bitcoin Price Surges 6% to $7,350 as Cryptocurrency Market Gains $10 Billion
After recording a rebound from $6,500 to $7,000 on April 2, the price of bitcoin has surged 6 percent again today, on April 4, as the entire cryptocurrency market recorded a daily gain of $10 billion.

[jonaz108]

Billions of Yen: Major Japanese Brokerage Could Rescue Crypto Exchange Coincheck

Japanese online brokerage firm Monex is reportedly considering a buyout of Tokyo-based Coincheck, the cryptocurrency exchange at the center of the recent $530 million NEM theft.

Japanese financial publication Nikkei is reporting an offer from online brokerage Monex Group to buy a majority stake in cryptocurrency exchange Coincheck. The offer comes ten weeks after the platform suffered an infamous hack that is now seen as the biggest cryptocurrency exchange theft of all time.

[jonaz108]

Liechtenstein to Avoid 'Excessive' Blockchain Regulation.

Blockchain technology is driving economic transformation and Liechtenstein wants to be in the front seat, according to the country's prime minister.

As such, the Liechtenstein government has set out to draw up "sensible," comprehensive blockchain legislation to create a legal environment that's conducive to innovation and light on regulation.

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