Day: October 2, 2019

27-Year-Old Pelosi Challenger Accepts Cryptocurrency Campaign Donations

boss

A candidate for the United States House of Representatives in 2020 is accepting cryptocurrency donations to run against Representative and Speaker of the House Nancy Pelosi. Supporting economic freedom with crypto Agatha Bacelar, a Stanford engineer and designer who served with Emerson Collective and Democracy Earth argues that the existing political establishment wants to hold back a future “where economic freedom is afforded to all,” according to the campaign’s website. The challenger is accepting donations in five cryptocurrencies including Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and USD…

Does Crypto Always Mean Decentralization?

boss

Cryptocurrencies are based on decentralized technologies, but there is a big difference in terms of what they are, how they are used, and what it means for the projects — and now, governments — that are engaging in these technologies.  With recent events such as the Libra announcement, the emergence of a proposed Chinese national digital currency, and other sovereign state crypto announcements, there is a very real possibility of a large segment of the population being led astray. Decentralization If you look at cryptocurrency, it is a digital currency…

Mastercard and Visa Reconsider Libra as Regulatory Criticism Intensifies

boss

On Tuesday, the Wall Street Journal reported that MasterCard Inc. (NYSE:MA) and Visa Inc. (NYSE:V), among other financial partners, could be reconsidering their position in Facebook Inc.’s (NASDAQ:FB) cryptocurrency project Libra. Backers Not Ready for Criticism from Regulators The Journal report indicated that the financial backers of the cryptocurrency project are not ready to draw criticism from regulators. Libra has received criticism from legislators owing to the reputation of Facebook regarding how it has been handling personal information. Many have declined Facebook’s request to support Libra publicly. In an interview with…

Morningstar Develops Blockchain Platform for Debt Securities

boss

The credit rating arm of financial services giant Morningstar is developing a blockchain platform for the $117 trillion debt securities industry. Morningstar Credit Ratings is building an evaluation system for debt securities issued as tokens on a blockchain, Forbes reports on Oct. 2. Michael Brawer, COO at Morningstar Credit Ratings, stated that the firm is working with a number of blockchain-oriented firms who are seeking to issue debt instruments on a blockchain.  According to Forbes, Morningstar rates a wide range of assets based on their past returns to investors on…

Stablecoins Backed by Precious Metals — How Do They Work?

boss

Cryptocurrencies are constantly subject to exchange rate fluctuations and are characterized by high price volatility. For making crypto money more useful and more stable, a special type was created: stablecoins. Related: Stablecoins, Explained Stablecoin is a cryptocurrency whose value is tied to some valuable asset. This asset could be fiat money, precious metals like gold and silver, oil or almost anything that has tangible value. The price of a stable cryptocurrency is formed in direct proportion to the established asset. An ideal stablecoin should perform three main functions: Act as…

Block.one, EOS Creator, Slapped with $24 Million Fine for Unlicensed ICO

boss

Wrapping off the month of September, the United States Securities and Exchange Commission (SEC) revealed to the general public that the prominent blockchain-based firm Block.one, the creator of the cryptocurrency EOS (EOS)trade, has been in the business of selling unregistered tokens for a year in 2017-2018. According to the SEC’s order, the cryptocurrency company Block.one was nabbed by the regulator’s Cyber Unit. The order states that Block.one willfully ignored the SEC’s rule of registering every token as stated in the DAO Report of Investigation. You will recall that the SEC…

Bitcoin’s Scarcity Will Trigger Its Price to Hit $1M in 2020

boss

Major Bitcoin (BTC) bull, programmer and 2020 United States presidential campaigner John McAfee has explained why Bitcoin will hit $1 million in 2020. “I said $1 million and I’m sticking to one” McAfee, known for his brave prediction that the biggest cryptocurrency will hit $500,000 in 2020, has defended his recently doubled down bet that Bitcoin will cost $1 million per coin in 2020 in a Forbes interview on Sept. 30. In the interview, McAfee argues that the main trigger for Bitcoin’s surging price will be its scarcity, which means…

The US Department of Homeland Security Awards 143K to Blockchain Security Firm

boss

The Austria-based company Danube Tech GmbH secured over $143K from the Department of Homeland Security (DHS) Science and Technology Directorate (S&T) for enabling interoperability between blockchains for multiple credential data formats. Implementing this new security functionality for blockchain will help the DHS to combat forgery and counterfeiting in immigration and citizenship documents. The company is working on developing technology in the field of digital identity and personal data, including personal agents, semantic graphs, and decentralized identity The Phase One award was funded through S&T’s Silicon Valley Innovation Program (SVIP) Other…

Bitfinex Among First Block Producers of Blockchain Games Distributor Ultra.io

boss

Blockchain-based PC games distribution platform Ultra.io has announced on Oct. 2 that its first three block producers (BPs) are Bitfinex, EOS Rio and EOS New York. All three future network maintainers are EOS BPs while Bitfinex is also a major and well-known cryptocurrency exchange. Making the gaming industry fairer Per the announcement, the three entities will help Ultra optimize its blockchain and will allow the firm to launch its public testnet followed by the mainnet.  The startup claims that its platform enables a higher degree of fairness in the gaming…

Ripple-Backed Web Monetization Platform Coil Now Supports XRP

boss

Web monetization platform Coil now supports XRP payments in real-time thanks to a partnership with payment gateway and XRP Ledger wallet provider GateHub. An official press release published on Oct. 1 noted that Coil users can now use GateHub to receive funds in XRP and convert them into EUR, USD, Bitcoin (BTC) and Ethereum (ETH).  Real-time micropayments for content creators Coil is a platform that provides an alternative method for creators to monetize their content online. As subscribing fans consume content, the platform uses an open API called Web Monetization…