Day: September 27, 2019

The European Commission, INATBA, the EU Blockchain Observatory and Forum and Alastria join forces to organise Convergence – the Global Blockchain Congress

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A joint organising team composed of the European Commission, INATBA, the EU Blockchain Observatory and Forum and Alastria are putting on the first edition of Convergence, the Global Blockchain Congress to be held from November 11-13, 2019 in Málaga, Spain. advertisement Convergence aims to bring together a worldwide community of regulators, policy makers, industry influencers, C-suite and other corporate representatives, developers, researchers and entrepreneurs for an intense dialogue. It offers participants a chance to take part in direct discussion with the movers and shapers of the blockchain industry, and thereby help define not just the…

Bitmain to Launch Platform for Connecting Miners and Farms in October

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Chinese crypto mining hardware giant Bitmain will launch a platform connecting global crypto miners with farm owners in October. World’s first resource to connect farms and miners The platform, dubbed World Digital Mining Map (WDMM), will be officially launched during the World Digital Mining Summit (WDMS) taking place in Frankfurt between Oct. 8 and Oct. 10, Bitmain announced in a blog post on Sept. 27. According to the announcement, the WDMM will be the first global network to connect mining hardware owners with mining farms who will provide the available…

People Will Choose A Currency That Government Can’t Control: Pompliano

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The future will not bring competition between digital and non-digital currencies, but between monetary policies, according to Anthony Pompliano. Pompliano made his comments on CNBC’s Squawk Box, Sept. 27. Ultimately, he believes, people will choose Bitcoin, as a currency that governments can’t control. The U.S. government should tokenize the dollar immediately Pompliano was being questioned on how Bitcoin can remain a store of value once the dollar and other currencies have become digital. Firstly, he said that if he were the US government, he would tokenize the dollar immediately, noting…

Zuckerberg’s Charm Offensive on Behalf of Libra With US Lawmakers

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When Facebook published the Libra white paper in June 2019, shockwaves were felt across the crypto markets the world over. Triggering the end of a long bear market, Bitcoin soared past the iconic $10,000 mark, and many prominent altcoins rose on the back of a phenomenon now known as the “Libra Effect.” As so often occurs alongside milestone cryptocurrency announcements, Facebook’s venture into digital payments was also met with a barrage of criticism. Regulators and politicians on both sides of the Atlantic are calling either for intense scrutiny of the…

Libra Accelerating Central Banks’ Crypto Plans

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The chief economist of Dutch multinational banking and financial services giant ING says that Facebook’s plan to launch a digital currency has put pressure on central banks to launch their own. In an article and video interview published on ING’s THINK portal on Sept. 27, Mark Cliffe said that there was “some urgency in the policy community” sparked by Facebook’s unveiling of the Libra stablecoin, which it plans to launch in 2020, pending regulatory clearance. Cliffe proposed that central banks could, therefore, move towards launching their own digital currencies within…

Senior Ripple Exec Attacks Facebook’s Libra Over Centralization

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Marcus Treacher, a senior executive at blockchain cross-border remittance giant Ripple is seemingly kicking-off a modern “cola war” with their emerging rival Libra, Facebook’s controversial cryptocurrency. Treacher, the head of Ripple’s strategic accounts globally, criticized the so-called Facebook cryptocurrency for being “a walled garden.” The executive stressed that only a handful of big players, including Facebook, Visa, MasterCard, Uber, and PayPal, practice excessive control over Libra. That gives it a right to limit access to certain services or prohibit outside players from becoming a part of the Libra ecosystem. Ripple,…

Senior Ripple Exec Attacks Facebook’s Libra Over Centralization

boss

Marcus Treacher, a senior executive at blockchain cross-border remittance giant Ripple is seemingly kicking-off a modern “cola war” with their emerging rival Libra, Facebook’s controversial cryptocurrency. Treacher, the head of Ripple’s strategic accounts globally, criticized the so-called Facebook cryptocurrency for being “a walled garden.” The executive stressed that only a handful of big players, including Facebook, Visa, MasterCard, Uber, and PayPal, practice excessive control over Libra. That gives it a right to limit access to certain services or prohibit outside players from becoming a part of the Libra ecosystem. Ripple,…

Venezuela State-Run Oil Firm to Pay Suppliers in Bitcoin

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As the age-long economic crisis rages on, Venezuela’s apex bank, Banco Central de Venezuela (BCV) is now running internal tests with officials to find out the possibility of holding bitcoin (BTC) and ether (ETH) in its coffers as foreign reserves, as the nation’s state-owned oil company is looking to pay suppliers in cryptos via the central bank, reports Bloomberg on September 26, 2019. BCV to Hold Cryptos Despite launching its national cryptocurrency, the petro earlier in 2018, to circumvent international sanctions and easily trade with its allies, the digital currency…

Without Disobedience, Bitcoin Is No Better Than Gold

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With the launch of Bakkt’s bitcoin futures market and Binance’s revamped U.S. exchange, there’s been a lot of talk in the space about institutionalization and traditional money flowing into crypto. It’s almost as if some believe that Bitcoin can’t scale as a purely peer-to-peer electronic cash system and that third parties and regulators must be introduced to save the day, and help Satoshi’s hobbled vision stumble along. As custodial arrangements increasingly become the norm, Bitcoin’s two main value propositions are now in danger of being lost. Also Read: Software Engineer…

Ethereum’s Gas-Guzzling Suspected Ponzi FairWin Funds at Risk

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The biggest Ethereum contract in the industry, dubbed FairWin, is allegedly putting user funds at risk and continues to guzzle a major amount of gas on the network. Multiple crypto social media users have been analyzing what they believe to be the fastest-growing Ponzi scheme on Ethereum. On Sept. 27, blockchain developer Philippe Castonguay warned: “The http://FairWin.me Ponzi Scheme contains critical vulnerabilities that put all funds at risk. Spread knowledge (especially in Asia) Users need to withdraw their funds and stop interacting with the contract ASAP.” Crypto community sleuths at…