Day: June 18, 2019

Bitcoin Basher Nouriel Roubini Labels Facebook’s Libra a ‘Monopoly Scam’

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Published: 18/06/2019 11:05 EST. Journalist: By CCN Markets: Avowed Bitcoin critic Nouriel ‘Dr. Doom’ Roubini has found another target – Facebook’s upcoming cryptocurrency Libra, on the day of its announcement. According to the New York University economics professor, Libra is ‘blockchain in name only’. Roubini: Libra is just another profit driver for Facebook Further, Roubini argued that Facebook’s cryptocurrency was only designed to grow the social media giant’s profits. Per Roubini, Libra is a ‘monopoly scam’ given that Facebook boasts of billions of users spread across the world. And in…

Bitcoin Basher Nouriel Roubini Labels Facebook’s Libra a ‘Monopoly Scam’

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Published: 18/06/2019 11:05 EST. Journalist: By CCN Markets: Avowed Bitcoin critic Nouriel ‘Dr. Doom’ Roubini has found another target – Facebook’s upcoming cryptocurrency Libra, on the day of its announcement. According to the New York University economics professor, Libra is ‘blockchain in name only’. Roubini: Libra is just another profit driver for Facebook Further, Roubini argued that Facebook’s cryptocurrency was only designed to grow the social media giant’s profits. Per Roubini, Libra is a ‘monopoly scam’ given that Facebook boasts of billions of users spread across the world. And in…

Free Law Project’s Courtlistener Repository Now Accepts Bitcoin Cash Donations

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On Monday, Bitcoin Cash (BCH) supporters learned that the popular website that focuses on U.S. court documents and the litigation system, Courtlistener.com, is accepting BCH for donations. Courtlistener captures hundreds of thousands of visitors every month by making high quality legal data widely available. Also Read: Crypto Cards in Weekly Video Update From Bitcoin.com An Email Can Go a Long Way On June 17, one of the moderators of the Reddit forum r/btc (Beijing Bitcoins) announced that he’d again convinced a very popular website to accept BCH donations. Last March,…

Pro or Anti Bitcoin? Community Divided Amid Facebook Crypto Launch

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At long last, Facebook’s inaugural consumer-facing Bitcoin-related (albeit remotely related) project is upon us. To be announced on Tuesday morning, Libra (Reserve) is slated to be a stablecoin tied to a basket of traditional assets, presumably ensuring it is nothing like other crypto assets. Joining the social media giant in this venture are star massive corporations and some of the cryptocurrency industry’s very own giants. Visa, PayPal, Spotify, Uber, Lyft, the pro-crypto a16z, Coinbase (NewsBTC has reached out for a comment, no reply has been received), and Xapo are among…

Binance to Launch Bitcoin-Pegged Token on Its Own Blockchain

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Binance will issue a number of tokens pegged to leading cryptocurrencies on Binance Chain to boost the number of trading options on its platform. The tokens are also likely to be extended to Binance DEX, the firm’s recently launched decentralized exchange, as they create the potential to in effect move cryptos from different blockchains onto its network. The company said in a blog post that it expects to release the first such token – one pegged to bitcoin and to be listed as BTCB – in the coming days. A trading…

Miami Blockchain Center Opens With Epic Launch Party

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Miami Blockchain Center Opens With Epic Launch Party June 18, 2019 by Art Rozenbaum After months of planning, preparation, and eager anticipation by everyone in the South Florida crypto community, Blockchain Center Miami had its grand opening on Friday 14th June, and is now officially open for business!  The Blockchain Center is located in the heart of downtown Miami. It will serve as a venue for community events and talks, as well as provide various types of office space for crypto related projects and startups. Also read: Bitcoin Price Now Pressing…

Austria Post Launches ‘Crypto Stamp’ Collectibles on the Ethereum Blockchain

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By CCN Markets: Stamp collecting just entered the 21st century, as the Austrian Post Office unveiled its limited edition ‘crypto stamp’ collectibles, powered by the Ethereum blockchain. Send Your Stamp, Keep A Collectible Crypto Stamp A limited 150,000 unit run of five different stamps – black, red, blue, yellow, black – allows the owner to use a physical stamp, but then save its image in their wallet. According to a Reddit user, the distribution is as follows: 1,500 red stamps; yellow, 10,000; blue, 20,000; green, 40,000; black, 78,500. The stamps…

Hyperledger Gains Microsoft and Ethereum Foundation Among Raft of New Members

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Microsoft, Salesforce and the Ethereum Foundation are among the major new companies joining enterprise blockchain platform Hyperledger. The company’s executive director, Brian Behlendorf, confirmed the news to Cointelegraph ahead of a public unveiling at the ongoing Synchronize Europe conference in London on June 18. Part of a monthly update on new members of Hyperledger, Behlendorf said June’s rollout included the Ethereum Foundation as a non-profit member, while supply chain standards body GS1 is also now on board. Hosted by the Linux Foundation, Hyperledger already counts IBM, JPMorgan Chase, Deutsche Boerse…

US CFTC Brings Action Against $147 Million Bitcoin Investment Scheme

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The United States Commodity Futures Trading Commission (CFTC) launched action against a reportedly fraudulent $147 million bitcoin (BTC) scheme, fintech news outlet FinanceFeeds reports June 18. On June 17, the regulator reportedly filed a complaint with the New York Southern District Court against now-defunct United Kingdom-based entity Control-Finance Ltd, which reportedly defrauded more than 1,000 investors to launder at least 22,858 bitcoin. The CFTC also brings actions against the entity’s head, Benjamin Reynolds, stating that Control-Finance and Reynolds “exploited public enthusiasm for Bitcoin” from May 1, 2017, to October 31,…

Ripple (XRP) Flexes Weakly Despite $50 Million MoneyGram Deal

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Published: 18/06/2019 08:34 EST. Journalist: By CCN Markets: Blockchain payment company Ripple on Monday announced that it is going to buy up to $50 million worth of stakes in MoneyGram, the second largest money transfer service in the world. The news helped Ripple’s native token XRP rise by more than 8 percent on the day. The blockchain asset established an intraday high towards $0.463 but, down the road, failed to continue the upside action. XRP Drops 7% Despite Positive Market Catalysts | Source: TradingView.com, Coinbase The XRP-to-dollar exchange rate today…