Day: June 20, 2019

IBM’s Blockchain Division Largely Unscathed After Layoffs of 1,700: Report

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Only a “very, very tiny percentage” of this month’s 1,700 job losses at IBM affected its blockchain division, The Block reported on June 20. Jerry Cuomo, the vice president of IBM Blockchain Technology, told the website that the tech giant is prioritizing blockchain skills when making hiring and firing decisions — adding it was “full steam ahead” for his department. The layoffs have been described as a “realignment plan.” The consulting arm of IBM’s blockchain business experienced some losses of  redundant positions, but its engineering side reportedly escaped unscathed. A…

Ethereum (ETH) Price Tepid As Developers Prepare For Beacon Chain

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Ethereum (ETH) range bound below $300 Path to Serenity on course, Phase Zero set for early Jan 2020 Prospects of a scalable system incorporating proof of stake algorithm with Sharding could see ETH prices surge. After Serenity, Ethereum will be scalable. That alone is enough to lift prices to $400 or higher in coming days. Ethereum Price Analysis Fundamentals There is a ray of hope as far as Ethereum 2.0 progress is concerned. Launching of Phase Zero of the Beacon Chain will be on Jan 3, 2020. To expound more,…

Video Streaming Startup Pursues SEC-Compliant Ethereum-Based Crypto

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Published: 20/06/2019 14:00 ET. Journalist: By CCN Markets: YouNow, a live video streaming startup, has filed a public offering circular with the U.S. SEC for a native cryptocurrency called the Props token. The company is not looking to sell this digital asset to investors; instead, they want to distribute it and are seeking compliant ‘mining’ of Props in the U.S. The filing has been done through the SEC’s A+ exemption, which entitles a successful company to offer and sell securities to U.S. investors. However, YouNow’s application for this exemption raises…

U.S. Deptartment Of Justice Looks to Extradite Alleged Bitcoin Scammer

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In a press release issued on June 19, 2019, the United States Department of Justice (DoJ) unsealed a complaint against a Swedish citizen named Roger Nils-Jonas Karlsson and his company, Eastern Metal Securities (EMS), for orchestrating a multi-million dollar investment scam using bitcoin. Investors Duped of More than $11 Million International diplomatic relations among countries are tested time and again courtesy of crimes related to cryptocurrencies. As previously reported by BTCManager, Russia called on Greece for the extradition of a former owner of a crypto exchange due to their alleged…

Regulators Discuss Cryptocurrency Legislation Ahead of G20 Summit

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The cryptocurrency regulation debate is expected to be at the center of the upcoming G20 summit where representatives from various countries will evaluate the new legal action course that has been proposed by the International Financial Action Task Force. The FATF is expected to release the proposals for new international standards governing cryptocurrency business on June 21. Blockchain Representatives at G20 Event The summit has the support of legislators and it is expected to have on board Virtual Asset Service Providers (VASP) as well as national blockchain associations. This summit…

IOTA to Enter a New Partnership to Track Potentially Fatal Food Allergens With DLT

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Non-profit blockchain organization IOTA Foundation has teamed up with digital food safety management firm Primority to track food allergens via blockchain, IOTA tweeted on June 20. The new partnership aims to reduce risks associated with potentially fatal food allergens, targeting 220 million people with food allergy worldwide, as IOTA noted in the tweet. The collaboration includes the development of a prototype of an application that would enable consumers to check food products for allergens, particularly those that go under usual radars for a number of reasons, including cases when products…

In A Bull Flag, Ripple (XRP) Prices Suppressed InSpite Of MoneyGram

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Ripple (XRP) up 6.7 percent from last week’s close MoneyGram partnership is bullish for XRP Not to be overshadowed and confirming previous rumors, Ripple’s injection of $50 million in MoneyGram is strategic. With xRapid, XRP will find use meaning transaction settlement will be faster and cheaper. Even with this, prices in the last 24 hours are repressed and ranging. Ripple Price Analysis Fundamentals Western Union may have called it quits, ceasing their pilot program with Ripple’s xRapid. But that didn’t dent Ripple’s ambitions. Less than a year later, Ripple now…

Satoshi Nakamoto Apparent Author of Two Upcoming Books on Amazon

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Two different books published under Satoshi Nakamoto’s name have recently appeared on Amazon. According to Amazon, both of the books — Wave and Ripple Design Book and The Official Bitcoin Coloring Book — are scheduled for release on June 28. The profile of the author makes it clear that he indeed claims to be the same Satoshi Nakamoto who created bitcoin (BTC): “Satoshi Nakamoto is the renowned inventor of Bitcoin.” The author’s profile also states that “100% of his book royalties to support STEM and environmental education programs serving underprivileged…

Is Facebook’s Libra a Real Threat to Bitcoin?

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As the news about new Facebook’s Libra coin didn’t exactly land on fertile ground, its head men are making a great effort to show that they are not in any way threat to rest of the altcoins or Bitcoin whatsoever. David Marcus, the head of Facebook’s Calibra division, claims that both Libra and Bitcoin can co-exist. He also confirmed he is a big fan of BTC as well. He tweeted: Many want to pit Libra vs. Bitcoin. In my mind these two are not in the same category. BTC is…

Is Facebook’s Libra a Real Threat to Bitcoin?

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If there was a competition between Libra and Bitcoin, head of Facebook’s blockchain sector David Marcus seems to have conceded rather than overselling the facts. As the news about new Facebook’s Libra coin didn’t exactly land on fertile ground, its head men are making a great effort to show that they are not in any way threat to rest of the altcoins or Bitcoin whatsoever. David Marcus, the head of Facebook’s Calibra division, claims that both Libra and Bitcoin can co-exist. He also confirmed he is a big fan of…