Monthly Archives: September 2019

Square, Twitter CEO Jack Dorsey: Bitcoin ‘Not Functional as a Currency’

Twitter and Square CEO Jack Dorsey believes Bitcoin is not functional as a currency. Square and Twitter CEO Jack Dorsey has said Bitcoin (BTC) will continue to be adopted more widely, but it is still too early to consider it a currency. Make Bitcoin more usable and accessible as a currency On Sept. 4, the outspoken Bitcoin advocate told the Australian Financial Review that he is convinced the No. 1 cryptocurrency will continue to be adopted more widely. However, Dorsey added: “It’s not functional as a currency. The peaks […]

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Blockchain Dev’s Platform Now Available on Oracle Cloud Marketplace

Software giant Oracle has listed blockchain developer Hydrogen’s finance platform on its Oracle Cloud Marketplace. The fintech blockchain developer Hydrogen has announced that its platform is now available on software giant Oracle’s Cloud Marketplace.  Hydrogen available to Oracle customers On Sept. 4, the startup announced that the listing on Oracle Cloud Infrastructure will make its application programming interface available to millions of Oracle customers. Hydrogen offers tools to build applications for banking, savings and insurance, among other aspects of digital finance. Mike Kane, co-founder and CEO of […]

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Venture Capitalist Fred Wilson Revises His Bullish Opinion on Ether

Fred Wilson, a venture capitalist and co-founder of venture capital firm Union Square Ventures, has revised his bullish opinion on Ether. Fred Wilson, a financier and co-founder of venture capital firm Union Square Ventures, has revised his bullish opinion on Ether (ETH). Back in 2017, Wilson had suggested the market capitalization of Ether will bypass the market capitalization of Bitcoin (BTC) and eventually be worth more per coin. However, in a Sept. 4 blog post, Wilson acknowledged ETH has fallen short of this — and that the underlying Ethereum network is experiencing […]

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German Politicians Want to Fight Climate Change With Blockchain Tech

A German political party wants to save the climate by issuing a new crypto coin to anyone who removes CO2 from the atmosphere. The Free Democratic Party (FDP) in Germany proposes to issue a new cryptocurrency called Arbil to anyone who removes CO2 or other greenhouse gases from the atmosphere. Get paid to withdraw CO2 from the atmosphere In a report by local news daily Welt on Sept. 2, the FDP recognizes that it is no longer enough to focus only on putting less CO2 into the […]

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Bahama Blockchain Company Raises Crypto for Hurricane Dorian Relief

A blockchain company headquartered in the Bahamas is raising cryptocurrency to bring relief to the victims of Hurricane Dorian. PO8, a blockchain company headquartered in the Bahamas, is asking the crypto and blockchain communities to help them bring relief to the victims of Hurricane Dorian. The firm made its appeal in a blog post on Sept. 2. Hurricane Dorian brings devastation to the Bahamas On Sept. 3, CNBC reported on hurricane Dorian, as the immense storm brought devastation to the islands on Monday and Tuesday. Satellite images […]

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Mastercard Joins Blockchain Software Firm R3’s Marco Polo Network

American financial services corporation Mastercard has joined blockchain software firm R3’s Marco Polo network for trade finance. American financial services corporation Mastercard has joined blockchain software firm R3’s Corda-powered Marco Polo blockchain network for trade finance. In a press release published on Sept. 3, Mastercard revealed its participation in the Marco Polo Network project, a collaboration of R3 and Irish tech firm TradeIX that launched in 2017. The initiative provides a multi-asset class platform that offers broker dealer services and multi-currency transactions, among other related services. The […]

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Cryptocurrency Projects Are Upping Their Privacy Game

What you do with your digital currency ought to be nobody else’s business. Unfortunately, law enforcement, regulators, blockchain forensics firms and other opponents of civil liberties are constantly seeking to usurp this basic human right. As a result, crypto developers are caught in a constant battle to maintain a reasonable degree of transactional anonymity. Also read: New Storm Concept Could Strengthen Bitcoin Cash Instant Transactions Suterusu Promises Inter-Chain Privacy Interoperability is all the rage in blockchain land right now, so it was only a matter of time […]

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Price Analysis 04/09: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM

Most major cryptocurrencies are facing selling at higher levels. Is the current dip a buying opportunity or will the price break below recent lows? Let’s analyze the charts. Asset managers VanEck and SolidX plan to offer a limited version of their Bitcoin (BTC) exchange-traded funds (ETFs) to qualified institutional buyers. While the wait for retail investors continues, institutional players might get an opportunity to buy the shares starting on Sept. 5. This is a positive development because a strong demand from institutional players might help in expediting […]

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Crypto Banking Regulation Around the World, First Signs of Growth

The recent move by Swiss regulators to licence two crypto banks is sending a message to regulators worldwide, but what are the stances of global authorities? Banking is often seen as the antithesis of Bitcoin (BTC), the very industry the nascent protocol looks to defuse and disrupt. Ironically, many banks are desperately in need of the attributes and facilities afforded by cryptocurrencies — specifically blockchain, their underlying technology. Perhaps then, it’s not too surprising that more and more cryptocurrency banks are springing up, offering an alternative to […]

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Burundi Bans Cryptocurrency Trading Due to Lack of User Protection

Following a request from the public, the Republic of Burundi has prohibited digital currency trading in the country due to associated risks. The Republic of Burundi in central Africa has banned the trading digital currencies in the country due to associated risks. As Bloomberg reported on Sept. 4, some Burundian citizens urged the government to take action regarding cryptocurrency trading after they lost money while dealing with virtual currencies. The government subsequently banned crypto trading explaining that it cannot provide appropriate user protection. Commenting on the issue, […]

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