Day: September 19, 2019

Brazilian Crypto Exchange Snubs Court Deadline to Fix Withdrawals

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Brazilian cryptocurrency exchange and alleged pyramid scheme Atlas Quantum rejected court deadlines to resolve its delayed Bitcoin (BTC) withdrawals. Atlas Quantum may constitute a financial pyramid As Cointelegraph Brasil reported previously, on Sept. 17, the Federal Court of Brazil ruled that the current activities of the cryptocurrency exchange Atlas Quantum may constitute a financial pyramid, and therefore decided to immediately freeze the company’s assets and bank accounts and give the company 48 hours to resolve outstanding accounts.  In a Sept. 18 response to the court’s ruling and deadline, Atlas Quantum…

Waves Transitions to Self-Regulating Monetary System

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Open source blockchain platform Waves is transitioning to a self-regulating monetary system, allowing thus the community to determine the block generation reward size and coin supply. Waves announced the development in a press release shared with Cointelegraph on Sept. 19. The company detailed an update to protocol version Node 1.1, which considers a mechanism of block generation rewards in addition to the existing transaction fees: “Every generated block will add another 6 WAVES to the overall circulating supply, which was previously limited to 100,000,000 WAVES. The reward for block generation…

Bitcoin’s Hash Rate Has Grown 61% in the Last Month, Breaks Above 100 EH/s

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Hash power on the Bitcoin network has been soaring since May of this year. In the last month alone, Bitcoin has gone from a hash rate of 63.79 million EH/s to 102.85 EH/s. This massive increase directly signals major interest in mining as the block reward halving approaches with less than a year to go, September 19, 2019. Triple-Digit Hash Power In a landmark day for Bitcoin, the hash rate can’t seem to stop going up. Bitcoin broke through the 100 EH/s mark and continues to grow with every hour.…

Bank of America Joins R3’s Marco Polo Blockchain Global Trade Network

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Bank of America has joined R3’s Corda-powered Marco Polo Network “to tackle trade finance challenges.” “Tackle trade finance challenges” On Sept. 19, Marco Polo announced the multinational investment bank was joining its network to improve international trade inefficiencies and deliver a better service for its customers. Geoff Brady, head of global trade at Bank of America, said: “Joining the Marco Polo Network supports our strategic objective of turning technology advances into trade solutions that address client needs. We look forward to exploring how the new technology can generate greater transparency for our…

Coinbase Looks to Add Support for Telegram and 16 Other Digital Assets

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San Francisco-based crypto exchange and wallet provider Coinbase has announced the support for Telegram and 16 additional digital assets. Coinbase adds support for 17 digital assets On Sept. 19, cryptocurrency exchange Coinbase announced that it is considering the addition of a range of new assets; namely, Avalanche, Celo, Chia, Coda, Dfinity, Filecoin, Handshake, Kadena, Mobilecoin, NEAR, Nervos, Oasis, Orchid, Polkadot, Solana, Spacemesh, and Telegram. Coinbase added that it intends to explore assets that have not yet launched and which Coinbase may choose to support in the future.  Telegram, for example,…

Zuckerberg Continues Tour of DC With Unproductive Meeting With Senator

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Facebook’s CEO Mark Zuckerberg is continuing his planned meetings with policymakers in United States capital Washington D.C., to further discuss “future internet regulations,” most recently with Senator Josh Hawley. Zuckerberg meets Missouri senator Josh Hawley On the afternoon of Sept. 19, U.S. Senator Josh Hawley took to Twitter to give an overview of a meeting today with Mark Zuckerberg. Hawley wrote: “Just finished meeting with CEO Mark Zuckerberg. Had a frank conversation. Challenged him to do two things to show FB is serious about bias, privacy & competition.” The U.S…

Stripe Worth $35 Billion After Raising $250 Million in New Funding Round

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Online payments processor Stripe has raised another $250 million in a new funding round, which pushes its pre-money valuation to a whopping $35 billion. Total funding in the billions On Sept. 19, Stripe announced the additional funding was sourced from investors including venture capital firms General Catalyst, Sequoia and Andreessen Horowitz. Coming from a $9.2 billion valuation in 2016, San Francisco-based Stripe was valued at $22.5 billion after raising $245 million in the beginning of 2019. Overall, the U.S. fintech startup has raised roughly $1.2 billion since its inception. The company, also…

Iota Launches Decentralized and Autonomous Industrial Marketplace

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Non-profit blockchain organization Iota Foundation has released a platform enabling a decentralized and autonomous industrial marketplace. World’s first autonomous and decentralized virtual marketplace  Dubbed the Industry Marketplace, Iota’s new product is a joint initiative that aims to accelerate industrial automation and commercial machine interaction, the organization announced in a blog post on Sept. 19. Serving as a vendor and industry-neutral platform that automates the trade of physical and digital goods and services, the blog claims the Industry Marketplace to be the world’s first autonomous and decentralized virtual marketplace.  The initiative…

New IMF Blog Considers Pros and Cons of Adoption of Stablecoins

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The International Monetary Fund (IMF) has released a blog in which it outlines the potential benefits and downsides associated with the adoption of new digital payment methods, including stablecoins. In its recently published blog entitled “The Rise of Digital Money,” the IMF said stablecoins — digital currencies pegged to a physical asset or fiat currency and designed to minimize price volatility — could bring significant benefits to customers and society but are not without risks. The benefits, risks and regulatory issues The IMF said banks could lose their role as intermediaries, as the…

Bitcoin Owners Are Giving Away Altcoins to Support TOR Project

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On the lighter side of things in the cryptosphere, some Bitcoin (BTC) owners have been donating altcoins to the TOR Project — a nonprofit organization primarily responsible for running “The Onion Router.” For some Bitcoiners, the trend is a way of killing two birds with one stone — supporting the TOR Project and getting rid of “shitcoins.” As for the latter half of the equation, Bitcoiners appear keen to extend the running gag of altcoins being worthless. “Donate shitcoins, stack sats” Earlier in September, Bitcoin maximalist and co-host of the “Tales from…