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Most European Regulators Have Scrutinized Facebook's Libra, Except One: Who’s the Odd One Out?

What happened recently with the Libra Association?  Made up of more than two dozen companies and based in Geneva, a few of the founding members, including PayPal, Mastercard, Visa, Stripe, Booking Holdings, and eBay, decided to leave the Libra project. A five-member board governance board was formed after the Libra Association reaffirmed its commitment by holding its inaugural meeting in Geneva, Switzerland, on Oct. 14.  … Continue reading Most European Regulators Have Scrutinized Facebook's Libra, Except One: Who’s the Odd One Out?

IRS Hoping to Deanonymize Monero and ZCash Privacy Coins to Prevent Cybercrime

The Criminal Investigation Division (CID) of the Internal Revenue Service (IRS) is actively hiring private contractors to study and analyze privacy coins, as there has quite been a lot of fraudulent activities revolving around their usage.  Monero — a Popular Choice for Fraud While the world has undergone coronavirus cybercriminals have been hard at work conducting their habitual illicit operations with the help of privacy coins. Monero (XMR) and Zcash (ZEC) are quite an attractive option for cyber scammers, as they offer more anonymity and privacy than Bitcoin. The … Continue reading IRS Hoping to Deanonymize Monero and ZCash Privacy Coins to Prevent Cybercrime

Yonghui, Hema among supermarkets singled out by China's food safety watchdog for breaches

  Photo by Fancycrave on Unsplash Market regulator highlights 11 cases where supermarkets and online platforms sold food products that did not meet national food safety standards Zen Soo   Celia Chen   China’s market regulator has highlighted 11 cases of supermarkets and online platforms selling food products that did not meet national food safety standards, some of which are … Continue reading Yonghui, Hema among supermarkets singled out by China's food safety watchdog for breaches

Decrypt: Most Whitepapers are Full of Scams

According to Decrypt’s Investigation published on 22 April, many startups had been accused by White paper writers to “constantly required to fabricate and exaggerate facts”. A white paper writer – Adefemi Yusuff Adegoke told Decrypt “A project that can be executed with $180,000 funding budget can be padded up to $450,000. And they won’t report … Continue reading Decrypt: Most Whitepapers are Full of Scams

Common Blockchain Misconceptions – Part 2 of 3

THOUGHTS OF THE WEEK Standard Kepler CEO David Tang recently authored a few articles on the subject of blockchain and cryptocurrency misconceptions. Last week in part 1 we had a look at the first 4 of a total of 8, and this week we will continue by taking a slightly deeper look at misconceptions 5 … Continue reading Common Blockchain Misconceptions – Part 2 of 3

Exclusive: Did Facebook Copy Hedera Hashgraph's Governance Model?

Exclusive interview with Sami Mian: Part 1 “Imitation is the sincerest form of flattery.” When Facebook released Libra’s whitepaper, Hedera Hashgraph allegedly “thanks” Facebook for imitating their governance model, what is the story behind? We spoke exclusively with Sami Mian, the Head of Japan and Korea for Hedera Hashgraph, to reveal the hidden story of … Continue reading Exclusive: Did Facebook Copy Hedera Hashgraph's Governance Model?

Exclusive: How Significant is Consensus As-a-service Model?

While Amazon and Microsoft launched the blockchain-as-a-service (BaaS) platform in 1H 2019, Hedera Hashgraph collaborated with IBM to launch a consensus as-a-service model. Is this the next upcoming tech trend for giants to follow? Sami Mian, Head of Korea, and Japan of Hedera Hashgraph revealed the significance of the consensus as-a-service model! He also explained … Continue reading Exclusive: How Significant is Consensus As-a-service Model?

China Declares Bitcoin as Virtual Property with Monetary Value

A property dispute involving Bitcoin was held in the internet court in Hangzhou, China on July 18, setting a new precedent by declaring that Bitcoin is virtual property with monetary value. According to the case of plaintiff Wu against defendants FXBTC and Taobao, it has been recognized that Bitcoin has the attributes of virtual property … Continue reading China Declares Bitcoin as Virtual Property with Monetary Value

Venezuelans Will Love Bitcoin Even More with 10,000,000% Inflation

Bitcoin’s trading volume has set a record high in Venezuela, thanks to the 10,000,000% inflation rate in 2019 as shown in Statista. Source: Coin.dance The data shows Bitcoin’s trading activity in P2P exchanges LocalBitcoins, Paxful and Bisq from Coin.dance. Bitcoin’s trading volume in LocalBitcoins hit a record high of 57 million bolivars on 20 July, beating the previous high of 49 … Continue reading Venezuelans Will Love Bitcoin Even More with 10,000,000% Inflation

Bitwise: Facebook’s Libra Moved Bitcoin and Cryptocurrencies Ahead by Three Years

A cryptocurrency index fund provider Bitwise based in the US is of the opinion that the Facebook-owned stablecoin Libra has accelerated the growth of cryptocurrencies by three years. This was stated in a letter published to investors on August 1. The attention given to Bitcoin by Libra Libra, which has been gaining substantial attention since … Continue reading Bitwise: Facebook’s Libra Moved Bitcoin and Cryptocurrencies Ahead by Three Years

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