Bitcoin News Roundup for April 29, 2020

news Fold, a payments platform, is introducing a lightning network protocol that will allegedly enable users to shop in-store or online at several retailers, including Starbucks, Whole Foods, AMC, Home Depot, and Southwest Airlines. Though customers will transact in bitcoin, the payments will be settled in whatever currency the merchant chooses. This eliminates the risk…

news Ripple has filed a motion to dismiss a lawsuit claiming it violated U.S. securities laws by selling XRP. In a new filing posted early Friday, attorneys for Ripple pushed back on allegations made by XRP purchasers suing the company, its subsidiaries and executives. Notably, the motion to dismiss specifically claims that the plaintiff, Bradley…

Sep 8, 2020 at 15:15 UTCUpdated Sep 8, 2020 at 15:24 UTCMulti-asset brokerage platform eToro has begun a new initiative that uses yield farming to hand out free crypto-backed stablecoins, apparently in a bid to promote financial inclusion. Called GoodDollar, the project will create and issue dollar-denominated stablecoins ($G) that can be distributed daily to…

news Commerzbank has developed a blockchain-based solution for machine-to-machine payments that it says could be used to allow automated trucks to pay for power charging without the need for a human to get out their wallet. Calling it a “concrete pilot project,” the German bank worked together with its incubator research and development unit and Daimler…

Sep 28, 2020 at 19:00 UTC( SlavkoSereda/iStock via Getty)Why Bitcoin's Longest Run Above $10,000 MattersBitcoin has been above $10,000 for even longer than the record 2017-18 run, giving confidence to long term HODLers in the process.For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts,…

news Michael Arrington-backed crypto loans provider Nexo has announced that it will accept the gram token from messaging app firm Telegram as collateral. Nexo told CoinDesk that, following the first public sale of gram tokens through the Liquid exchange platform, kicking off on July 10, it is allowing customers to use grams as backing for its…

Team behind meme-based crypto project Floki said it is taking steps to mitigate concerns of Hong Kong's regulator, the Securities and Futures Commission (SFC), after placing the token staking program on its list of suspicious investment products."We’ve taken steps to mitigate concerns in jurisdictions where the regulatory framework does not specifically cover or cater for

"It appears to be a replacement for the entire ACH system of banking." Taariq Lewis, the founder of multiple blockchain startups and the SF Cryptocurrency Devs engineers meetup, sent that note with an attached white paper to CoinDesk in early August. "It's really strange," he said. "We received a copy of the white paper attached,…