Day: June 3, 2019

Indian Police Uncover Cryptocurrency Scam Involving BitConnect Promoter

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Indian police have reportedly discovered an alleged multi-million dollar cryptocurrency scam, involving a BitConnect promoter, local media outlet the Times of India reported on June 3. The Criminal Investigation Department (CID) in Gujarat, India, has accused Divyesh Darji — a promoter of now-defunct cryptocurrency investment program BitConnect that ceased its operations in January of last year — of luring people to invest into “Regal Coin,” promising unrealistic returns of as high as 5,000% on investment. A CID official said that the estimated amount of the scam reaches into the tens…

John McAfee To Roll Out ‘Freedom Coin’ Cryptocurrency This Fall

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Crypto enthusiast, bitcoin (BTC) bull, antivirus software namesake and 2020 United States presidential campaigner John McAfee is releasing his own independent cryptocurrency, according to an official Twitter post on May 29. According to his website on the announced cryptocurrency, the “McAfee Freedom Coin” will roll out some time this fall. The McAfee Freedom Coin appears to aim for total isolation and independence from traditional currencies, assets and exchanges in an effort to reach “the Holy Grail of cryptocurrency — economic freedom.” According to McAfee, these are the desired properties of…

Samourai’s “Dojo” Set to Boost Transaction Privacy on Bitcoin

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Wallet users are generally required to rely on the wallet’s back end server for transaction functionality. The release of Samourai Dojo marks a new age of wallets where users can bypass centralized wallet servers and run one of their own, June 3, 2019. Samourai runs a Bitcoin Core node as a layer underneath the main infrastructure. Magnifying Bitcoin Privacy Everybody who uses Bitcoin has their own wallet, be it on an exchange, phone, or hardware. Samourai has been striving to enhance user privacy since its inception in 2015. With their…

Walmart Follows Pfizer in Joining Blockchain Pharmaceutical Project MediLedger: Report

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Global retail giant Walmart is expanding its blockchain expertise by joining blockchain-powered pharmaceutical consortium MediLedger, industry media outlet CoinDesk reports on June 3. Walmart is reportedly planning to roll out a pilot project to track pharmaceutical products using MediLedger technology with the United States Food and Drug Administration in early June. By joining the consortium, Walmart has followed four major American pharmaceutical companies including Pfizer Inc., which joined MediLedger in early May, to collaborate on the development of a blockchain network for the health and pharmaceutical industry. Pfizer, along with…

An Uncertain Future in Banking Hangs in the Balance

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By CCN: People are feeling notably bullish about Ripple, or XRP, depending on what you’re talking about. The token price is earning bullish calls on Twitter. .50 cent and beyond incoming $xrp — Sir Gordon Gekko (@gordongekko369) June 2, 2019 Fifty cents would go a long way to making longtime XRP investors whole and earning handsome returns on long-held investments. It would also limit Ripple Labs’ need to liquidate funds held in escrow that it uses to continue operations. The company has access to a billion XRP every month but…

French Retail Chain Carrefour Registers Sales Boost Following Blockchain Integration

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French retail giant Carrefour has seen an increase in sales after the implementation of a blockchain-based tracking system, Reuters reported on June 3. Carrefour’s blockchain tracking system enables customers to track the supply chain of 20 items, including meat, milk, and fruit from farms to stores, thus avoiding products with genetically modified organisms, antibiotics, and pesticides. This year, the company reportedly plans to add 100 more products, including non-food lines, to the system. Emmanuel Delerm, Carrefour’s blockchain project manager, told Reuters that “the pomelo sold faster than the year before…

Mexico Is Getting Eight New Cryptocurrency Exchanges

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The company Amero-Isatek announced that it will open its first physical cryptocurrency exchange station in Nuevo León, Monterrey on June 21. It will also soon expand into another seven locations across Mexico. Amero-Isatek estimates that it will server over 800,000 cryptocurrency users in Central Mexico. Users of the exchange will trade in Amero, Amero-Isatek’s own cryptoasset. The asset launches on the day of the Nuevo León opening. The firm already made headlines early this year for participating in what it called the world’s biggest cryptocurrency real estate exchange. In this…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Bitcoin SV, Stellar, Tron: Price Analysis June 3

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Hester Peirce, commissioner at the United States securities regulator, believes that the exchange-traded fund (ETF) application by the Winklevoss twins should not have been rejected. She has requested her co-commissioners to be open to innovation in the ETF space because a Bitcoin ETF, if passed,…

Tron CEO’s Childish Warren Buffett Stunt Batters BTT Cryptocurrency

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By CCN: The BitTorrent cryptocurrency price tanked over 6% in Monday trading after Tron CEO Justin Sun’s latest announcement stunt flopped in hilarious fashion. Tron Founder Will Pitch Crypto to Bitcoin Hater Warren Buffett It turns out Sun was the mystery bidder who won a charity lunch auction to dine with investing oracle Warren Buffett. This year is the 20th anniversary of Buffett’s annual charity “power lunch” auction, and a record-setting bid of $4.5 million for the lunch date made headlines Friday. The previous record was $3.45 million in 2016.…

Tron CEO’s Childish Warren Buffett Stunt Batters BTT Cryptocurrency

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By CCN: The BitTorrent cryptocurrency price tanked over 6% in Monday trading after Tron CEO Justin Sun’s latest announcement stunt flopped in hilarious fashion. Tron Founder Will Pitch Crypto to Bitcoin Hater Warren Buffett It turns out Sun was the mystery bidder who won a charity lunch auction to dine with investing oracle Warren Buffett. This year is the 20th anniversary of Buffett’s annual charity “power lunch” auction, and a record-setting bid of $4.5 million for the lunch date made headlines Friday. The previous record was $3.45 million in 2016.…