Just a day after the announcement of OpenLibra, a decentralized fork of Facebook’s digital currency libra, the project lead is being accused of past ICO controversy.
OpenLibra co-founder Lucas Geiger first announced the project on Oct. 9, at the Ethereum Foundation’s DevCon 5 conference held in Osaka, Japan. However, Twitter user Andrew Lee was quick to call out Geiger for his previous role in the WireLine.io ICO in 2018, in which Geiger is also a co-founder.
According to Lee, who is the founder of Web3Journal, he and several friends invested $1 million into Lucas’ Wireline ICO. Despite making the investment, Lee claims he has not heard from [...]
Bitcoin began as an alternative to gold and state-backed money. Now a company plans to issue a government-guaranteed gold-backed stablecoin.
A crypto startup is launching a token backed by government-guaranteed gold reserves, proposing it—perhaps somewhat ironically—as an alternative to volatile dollar-backed alternatives.
The Australia-based InfiniGold is launching the “Perth Mint Gold Token,” a crypto token backed by digitized certificates representing gold held in a “network of central bank grade vaults.” Those vaults are operated by Perth Mint, a gold refiner “guaranteed” by the government of Western Australia. Each token [...]
Blockchain, a form of immutable distributed ledger technology that uses consensus protocols to validate online transactions, is most often associated with bitcoin and other cryptocurrencies.
However, because blockchain transactions are instantly verified across potentially millions of computer networks, could blockchain also be used to verify or “track” transactions beyond those connected to cryptocurrencies and other digital assets? What could this mean for companies with regulatory obligations to track, verify and report certain purchases or sourcing? In the last year and a half, companies have begun exploring these questions. This article [...]
Online lender SoFi announced its crypto trading platform will go live next Tuesday.
Bitcoin, ethereum and litecoin will be the first digital assets available to trade on its SoFi Invest platform, CEO Anthony Noto told Fortune in an interview published on Wednesday.
With the new platform, SoFi joins a number of digital-first trading firms – including eToro and Robinhood – to enter the crypto market.
Noto said cryptocurrency trading option has been long-requested by his firm’s clients. The firm targets millennial investors through its student loan consolidation service.
Coinbase was tapped to provide the firm’s crypto liquidity, as [...]
Whether Florida sees companies working with blockchain move here depends on whether lawmakers get things right next session.
That was the major takeaway from the first meeting of the Blockchain Task Force in Tallahassee on Monday.
“We are seeing a lot of eyes on Florida in the blockchain space,” said Rosa Shores, co-founder of Blockspaces.
Shores’ Tampa-based company is one tech business based in the Sunshine State working with the technology, but there could be more.
Chief Financial Office Jimmy Patronis, who addressed the task force’s first meeting, espoused optimism on the subject.
“This is a great time for technology in this [...]
The Bitcoin ATM industry is one of the fastest growing industries in the world, with six new crypto-ATMs being installed every day, and it’s showing no signs of slowing down either, with expert projections forecasting an annual compound growth rate of 46.61 percent by 2024. This growth is largely fueled by the rapid adoption of blockchain-based currencies – with the number of people in the United States who own bitcoin – or similar blockchain-based currencies – doubling since 2019.
One of the industry leaders driving this rapid adoption is Brandon Mintz, CEO of Bitcoin Depot, a leading crypto-ATM network. Based in Atlanta, Georgia, Bitcoin Depot has [...]
Acclaimed British actress Kate Winslet has become yet another celebrity victim of crypto frauds, as her image was maliciously used, outside her knowledge to promote a crypto trading platform. While she has lashed out at the scammers as soon as her team learned about the scam, the damage it does to the general investors is considerable.
Cryptocurrencies, especially Bitcoins, are the most volatile, yet high returning investment assets, and are the central part of several rags to riches stories. However, the darker side of crypto has caused losses amounting to billions of dollars to the general public. Scam, hacks, cyber-attacks, cheats, etc., crypto crimes seem to grow by [...]
The United States Food and Drug Administration (FDA) will hold a public meeting at which it will discuss its “New Era of Smarter Food Safety” initiative.
Per a Sept. 17 announcement, the FDA set up a meeting with a group of international stakeholders on October 21, 2019, to discuss public health challenges and the implementation of the Food Safety Modernization Act. Specifically, the FDA intends to establish “a more digital, traceable, and safer system” to protect consumers from contaminated food.Efficient tracking of contaminated food
The initiative proposes to deploy technologies such as blockchain, artificial intelligence, [...]
It is pretty fair to say that when people think of regulatory bodies and governments in the crypto industry it not normally positive.
This time a leading UK lawyer Martin Bartlam, a partner at DLA Piper and one of the world’s leading legal experts in financial technology, says that the UK’s track record on cryptocurrencies had been “incredibly positive.”
“It’s almost hardest to see what [the UK’s] done, but in a way that is the beauty of it,” said Bartlam. “They’ve not made it more complicated, there’s no additional compliance or analysis that you need to do,”
“They’ve really kind of created an opportunity for people to do [...]
A prominent bitcoin supporter and a co-founder of a crypto asset investment company BlockTower Ari David Paul believes that altcoins pose no threat to Bitcoin as they use different Proof-of-Work algorithms; however, forks that interfere with the mining of the SHA-256 algorithm might be dangerous rivals in hash wars.
“It makes sense for bitcoiners to be extremely antagonistic to contentious hard forks like 2x which threaten the BTC security model. It makes no sense to be antagonistic to altcoins that use a different PoW algo or another consensus mechanism.” he wrote in a Twitter thread.
He believes that at this stage altcoins satisfy the demand for certain [...]