Bitcoin and Blockchain News May 20, 2016

Russia's 'Bitcoin Ban' Faces Uncertain Future After Draft Bill Withdrawn -

A bill that would ban so-called money surrogates such as bitcoin in Russia has an uncertain future. As reported by regional news source RNS last week, the bill received some negative feedback after the Justice Ministry is said to have objected to the bill on the grounds that its comments were not incorporated.

Stan Higgins / May 19, 2016 09:12 pm

Coinbase Exchange to Rebrand Following Ethereum Trading Launch -

Bitcoin exchange and wallet service Coinbase is adding support for ether, the native cryptocurrency of the Ethereum network. Coinbase is the latest exchange worldwide to add support for the digital currency, a trend that began in earnest earlier this year amidst rising interest among traders.

Michael del Castillo / May 19, 2016 08:08 pm

Sydney Stock Exchange Developing Blockchain Trading System -

A stock exchange in Australia is developing a private equity market solution using blockchain technology. As reported by the Sydney Morning Herald, the Sydney Stock Exchange (SSX) will initially look to facilitate the trade of private stocks but will eventually open the system up to publicly traded stocks as well.

Stan Higgins / May 19, 2016 04:30 pm

The Law of The DAO -

What is the legal status of The DAO? In this opinion piece, lawyer Drew Hinkes takes a deep dive into laws surrounding fundraising and more. Based on his report, it appears some laws may already exist that apply to the organization, while others are yet to be written.

Andrew Hinkes / May 19, 2016 04:15 pm

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State of Blockchain Q1 2016: Blockchain Funding Overtakes Bitcoin

In case you missed it, CoinDesk has released its latest State of Blockchain report, analyzing news and events from Q1 2016. Weighing in at 100 slides, the presentation takes a deep dive into trends in the blockchain and bitcoin sectors to reveal new findings about the fast-changing industry.