June 2019 | Page 18 of 132 | Last Cryptocurrency News Feed

Buried in Facebook’s Libra White Paper, a Digital Identity Bombshell

feature The Takeaway Facebook’s Libra white paper includes a brief but potentially seismic nod to digital identity standards. With 2 billion users worldwide, Facebook may be able to succeed where others have failed in jump-starting a globally accepted digital ID. Some identity experts say this is even more important than the cryptocurrency, but others question…

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Imgur Raises $20 Million From Ex-Ripple CTO’s Micropayments Startup

news Imgur, a popular image hosting site, revealed it has received $20 million in venture equity from Coil, a micropayments tool for content creators. In addition to the funding, Imgur has agreed to build Coil into its platform, which receives 300 million monthly users, to provide micropayments to users who view content, according to a…

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CoinMarketCap Makes First Acquisition to Further Improve Crypto Data Offering

news As its bid to improve its crypto data offering continues, CoinMarketCap is snapping up a firm building technology said to provide a “true price” for cryptocurrencies. In a move that marks its first ever acquisition, CoinMarketCap said in press release Wednesday that it is purchasing Hashtag Capital, a startup developing algorithms that analyse “all points of available liquidity” in…

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BaFin Head Urges Global Bank Standards in Response to Facebook’s Libra

The head of the German Federal Financial Supervisory Authority (BaFin) has urged regulators to develop standards in response to Facebook’s forthcoming cryptocurrency, Libra, Cointelegraph Deutschland reported on June 26Speaking at the International Club Frankfurter Wirtschaftsjournalisten, BaFin President Felix Hufeld stressed that policymakers and regulators should not stand aside on the issue of Facebook’s Libra as…

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Swiss Stock Exchange Asks Central Bank to Issue Stablecoin

Principal Swiss stock exchange SIX asked the country’s central bank to issue a stablecoin, local media SwissInfo reports on June 26Per the report, the crypto asset would be used to settle payments on its new digital securities trading platform. The exchange reportedly announced during the Crypto Valley Association conference this week that users of its…

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Oxfam Trials Aid Distribution With DAI, Future Use ‘Highly Likely’

Throughout May 2019, United Kingdom-based nonprofit organization Oxfam International executed a month-long trial that saw MakerDAO’s DAI stablecoin distributed as a means of exchange among citizens of Vanuatu. The Oxfam initiative, named UnBlocked Cash, was conducted in partnership with MakerDAO, ConsenSys and Australian tech startup Sempo. The Australian government also supported the program.Tsunamis, cyclones and…

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Abkhazia Develops Draft Law on Crypto Mining

The Ministry of Economy of the partially-recognized Republic of Abkhazia has developed a law draft on the settlement of cryptocurrency mining activities in the country. The news was reported by a local branch of Russian state-backed media outlet Sputnik on June 24.The press service of the Ministry told Sputnik that the drafted bill was approved…

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Ethereum Price Analysis: ETH Records a Fresh 2019 High Over $337

Although Ethereum may be struggling heavily against BTC, the recent Bitcoin break above $12,500 has allowed ETH to surge by 11.40% against the USD over the past 24 hours to create a fresh 2019 high at $337. Ethereum has dropped slightly as it now trades around $329, but it still marks a nice 29% increase…

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Wanchain Releases Galaxy PoS Beta Network and New Wallet

Wanchain (WAN) releases the Galaxy PoS Beta network, as well as a new wallet. The former is intended to make a shift from the current Permissioned Proof-of-Work (PPoW) consensus algorithm and it’s touted as an important step towards achieving Wanchain’s complete decentralization. Wanchain Shifting From PPoW to PoS Wanchain is releasing its Galaxy Proof of…

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Six Arrested Over Cloned Crypto Exchange That Stole €24 Million

news A fake exchange website has managed to steal €24 million (over $27 million) in cryptocurrency from thousands of victims. European law enforcement agency Europol said in a press release Wednesday that six individuals have now been arrested over the scam in an operation that also involved the UK’s South West Regional Cyber Crime Unit and National Crime Agency, along…