Author: Daniel Kuhn

Fearing USD Decline, Ex-CFTC Heads Propose a Blockchain-Based Digital Dollar – CoinDesk

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Two former heads of the Commodity Futures Trading Commission (CFTC) are offering up a plan for a government-sanctioned, blockchain-based digital dollar. In an op-ed for the Wall Street Journal published Oct. 15, J. Christopher Giancarlo, former CFTC chair, and Daniel Gorfine, Read More

‘Teenage Bitcoin Millionaire’ Co-Founds $1 Million Investment Fund for Crypto Startups – CoinDesk

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The leaders of crypto payment app Metal Pay, Marshall Hayner and Erik Finman, are launching an investment fund. Dubbed Metal VC, the $1 million dollar fund will focus on micro and angel investments, primarily in early-stage companies involved in banking Read More

European Competition Watchdog Fears Libra’s ‘Closed Economy’ – CoinDesk

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Margrethe Vestager, the European Commissioner for Competition, is asking tough questions of Facebook over its proposed leap into cryptocurrency. The questions include whether Libra will be an open platform for commerce, what currencies will be accepted and whether organizations or Read More

Swiss Regulator FINMA Won’t Impede Libra’s Development – CoinDesk

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As European watchdogs send troubling signals towards the Facebook-led Libra cryptocurrency, Switzerland remains willing to listen. According to a Reuters report on Tuesday, Mark Branson, CEO of the Swiss Financial Market Supervisory Authority (FINMA), said, “We are not here to make such Read More

Sequoia-Backed Startup Enters DeFi Market With Bitcoin Binary Options – CoinDesk

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Another participant is entering the decentralized finance (DeFi) fray. The Sequoia-backed data management startup, Band Protocol, announced Monday the mainnet of its decentralized trading app. The dapp functions as a brokerage – without a centralized authority to confirm prices or Read More

Emsisoft Releases Bug Fix for Bitcoin-Ransoming Malware WannaCryFake – CoinDesk

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Software firm Emsisoft released a bug fix for the bitcoin-ransoming malware WannaCryFake. Announced today in a blog post, the free software will help recover encrypted files without leading to data loss. Unlike real crypto-mining exploits, ransomware is dependent on extortion Read More

eToro Aims to Put Derivatives on the Blockchain With Lira Programming Language – CoinDesk

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eToro, an Israel-based exchange platform, revealed a new programming language designed to simplify derivatives trading. Speaking ahead of the Ethereal Summit Tel Aviv 2019, on Sunday, chief blockchain specialist Omri Ross said the language, dubbed Lira, will reduce the risks Read More

tZERO Partners With Media Startup to Tokenize Film Financing – CoinDesk

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Overstock’s security token subsidiary tZERO has announced a partnership with media startup BLOQ FLIX to tokenize film financing. The company announced the plans on Thursday, amid a period of reorganization following tZERO’s quarterly loss of $10 million and Overstock CEO David Byrne’s Read More

Burundi Central Bank Director: ‘Strong Measures’ Will Be Taken Against Crypto Traders – CoinDesk

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The Republic of Burundi, a landlocked African nation, banned all cryptocurrencies within its borders. According to a statement made by the Bank of the Republic of Burundi, the country’s central bank, the measure was taken as an act of consumer Read More

Mastercard Joins Blockchain-Powered Trade Finance Consortium Marco Polo – CoinDesk

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Mastercard has joined Marco Polo, a consortium working to simplify global trade with blockchain technology. Announced Tuesday, the payments giant’s business-to-business global trade unit, Mastercard Track, will provide an access point to Marco Polo’s working capital finance platform, which operates within Read More

HTC Leads $3 Million Round for Digital Property Rights Startup Bitmark – CoinDesk

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Big names are investing in Bitmark, the blockchain property rights startup. Consumer electronics giant HTC led the $3 million Series A, which also saw participation from e-commerce powerhouse Alibaba and investment firms WI Harper and Digital Currency Group. The funding, announced Tuesday, will Read More

Binance Funds 40 Developers to Build Open-Source Crypto Software – CoinDesk

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Malta-based crypto exchange Binance wants to spur greater research in open-source blockchain development. To that end, the exchange unveiled Binance X on Thursday, announcing that it was funding more than 40 developers conducting research into open-source crypto software. Binance X also Read More

Venezuelan Pharmacy Chain to Accept Cryptocurrency Payments – CoinDesk

CoinDesk

A Venezuelan pharmacy franchise will now accept dash cryptocurrency payments, through an integration with Panda Exchange’s proprietary payments system. The Farmarket retail chain announced it is piloting a dash-enabled point of sale system, XpayCash, that will allow customers to make Read More