Blockchain lab opened by Modex at ASE

Modex opens blockchain lab at ASE

Modex company has announced that it has signed a partnership with the Academy of Economic Studies of Bucharest (ASE) to transform a classroom into a blockchain laboratory.

The hall with a capacity of 80 seats will become, in the autumn, a blockchain laboratory for the students of all the faculties within ASE. Modex company will contribute to the development of digital skills of students, regardless of whether they are in faculties with IT or business profile.

In the future “Blockchain Lab” will be organized educational events, workshops, scientific conferences for students and the academic community, according to the press release.

Modex launched in September 2019 its own enterprise platform that simplifies the adoption of blockchain technology. Called Modex Blockchain Database (Modex BCDB), it allows companies to deploy blockchain applications quickly and securely.

Ukraine publishes a guide for declaring cryptocurrencies held

The National Agency for the Prevention of Corruption in Ukraine (ANPC) has published the rules on how to declare cryptocurrencies. These are classified as “intangible assets” in a dedicated section of the income statement.

“The declaration must contain the name of the asset, the date of the last cryptocurrency purchase by the reporting entity. The total number and cost of a certain type of tokens or cryptocurrencies belonging to the reporting subject or to a member of his family as of the last day of the reporting period ”.

The value of cryptocurrencies must be converted into the hryvnia, the national currency of Ukraine, at the rate provided by the National Bank.

Income statements must be submitted by politicians and officials, persons with incomes from foreign countries and independent specialists who are not registered as private entrepreneurs.

ANPC borrowed the definition of cryptocurrency from FATF. This specifies that digital assets are digital representations of the value and / or of the unit of account and / or a deposit of value, but without having the status of legal currency in any jurisdiction. Cryptocurrencies can thus be used to make transfers, trade or for payment and investment purposes.

Note: Due to a delay, the summary was not published at 5:30 pm. During this time, the ANPC document was deleted. We will come back with information.

The Marshall Islands digital currency will be built on the Algorand blockchain

Algroand has announced that the national digital currency of the Marshall Islands, SOV, will be built using the Algorand blockchain.

SFB Technologies, the organizer designated for the SOV initiative, opted for this blockchain because it offers speed, scalability and security.

Jim Wagner, co-founder and CTO of SFB Technologies, said the Algorand protocol has

“The functionality required for issuing, administering and distributing SOV globally, which ensures that the digital currency will be built on a scalable and secure platform”.

Marshall Islands initially announced plans to create the SOV in February 2018, when it adopted a law that stipulates that the new digital currency will become the official currency of the country.

The initiative was criticized by the International Monetary Fund (IMF) in September 2018. The organization claimed that SOV

“It will increase the risks of macroeconomic and financial integrity and increase the risk of losing the banking relationship with the last partner that ensures transactions with US dollars in the region.”

Despite IMF concerns, the Marshall Islands government has opted to continue the SOV project and plans to launch it within a maximum of 18 months.

Rapper T.I. got rid of the fraud allegations regarding the FLiK ICO

According to a report published in LAW360, a US court rejected fraud allegations against rapper T.I. In November 2018, investors who were scammed at the FLiK ICO sued the Atlanta rapper.

Other people involved in promoting the $ 2 million ICO were businessman Ryan Felton and actor and comedian Kevin Hart. The charges against them have not yet been clarified.

T.I. is one of a handful of rappers and other celebrities who have been trapped in the ICO fury since 2017. Other examples were DJ Khaled and Floyd Mayweather, who were fined for promoting the CentraTech scam. Also, martial artist and artist Steven Seagal was fined for promoting the Bitcoiin2Gen (B2G) ICO.