Day: April 12, 2019

Facebook, Twitter and Telegram: A New Crypto Paradigm or a Glorified Voucher Program?

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Facebook and Telegram’s launch of coins will be more of a game changer for social media and banking than for crypto. Facebook is controversial, if nothing else. The world’s fifth-biggest company by market cap, it’s also the biggest social network by a comfortable margin. Yet, despite the fact that most of us use it, we’ve become increasingly suspicious of what it’s been doing with our personal data. Ever since the Cambridge Analytica scandal (and probably long before), we’ve feared that such data isn’t particularly secure or private, so we’ve been pushing back against…

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Coinbase Loses 3 Senior Executives in 6 Months as Dan Romero Quits Position

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Dan Romero, who held various positions at Coinbase, is stepping down after five years. United States cryptocurrency exchange Coinbase has lost another senior executive as its head of international, Dan Romero, announced his resignation in a blog post on April 12. Romero, who worked for five years at the company in various positions, follows director of institutional sales, Christine Sandler, and ex-vice president and general manager, Adam White in quitting the firm. Sandler left in March to join pro-crypto financial services giant Fidelity Investments, while White sought new pastures in…

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VR Firm Magic Leap Seeks Blockchain Engineers for User Data

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VR startup Magic Leap is seeking blockchain engineers for its Lifestream business function. Virtual reality (VR) startup Magic Leap is seeking blockchain engineers according to recent listings on employment website Greenhouse. The firm is looking for a senior blockchain architect and blockchain engineers. Among the duties listed for the senior blockchain architect position, the individual will be “planning and execution of a portfolio of blockchain, smart contract, and Ricardian contract technologies in support of the implementation of our Lifestream business function.” In a recent interview with VR industry publication UploadVR,…

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Binance CEO CZ: Whether It’s an ICO or an IEO, Regulatory Compliance Is Still an Issue

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CZ, the CEO and founder of Binance, has emphasized that crypto exchange-hosted token offerings are no less subject to regulatory hurdles than their ICO predecessors. Changpeng Zhao, the CEO and founder of top crypto exchange Binance, has underscored that exchange-hosted token offerings are no less subject to regulatory hurdles than their initial coin offering (ICO) predecessors. The CEO, better known in the industry as “CZ,” made his remarks in an interview with Bloomberg on April 10. As previously reported, so-called initial exchange offerings (IEOs) have latterly emerged as an alternative…

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Crypto Payments Now Accepted in Luxury Swiss Hotel

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Options are always a good thing to have. Crypto payments have mostly been seen as too risky and complex in to use in luxurious institutions. The times are definitely changing and once again, Switzerland is making great progress in its tourist and technological development. When it comes to luxurious tourist locations, the clients have always enjoyed diversity when it comes to payment options. The Dolder Grand Hotel in Zurich, announced at the end of last month that crypto payments are now an option for its guests. Payments can be completed…

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Riot Blockchain Is Not Rising Only Because of Bitcoin

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The world knows full well that cryptocurrencies are able to drastically increase their value in less than one year. This is why Bitcoin’s recent surge didn’t go unnoticed and even though the spotlight is on the top cryptocurrencies, there’s definitely more than a few winners. One such winner is the Riot Blockchain (RIOT). This crypto mining outfit is up more than 20% and is outperforming the majority of cryptocurrencies. Naturally, the most common reason given by experts and news outlets is that Bitcoin is rising. What most news outlets and…

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Whale Watch: Large Bitcoin Cash Holders Accumulate 1 Million BCH Since February

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In the last two weeks, cryptocurrency prices have seen significant volatility and during this time onlookers have noticed large bitcoin whale movements once again. Data stemming from blockchain analysis indicates that over the last 48 hours, unknown whale wallets moved over 20,000 BTC ($101 million), showing another large migration not seen since last February. Additionally, bitcoin cash whales have accumulated 1.1 million BCH in the last five weeks. Also read: Bitcoin Whales Have Accumulated Thousands of Coins in the Last 2 Months Whales Have Moved $300 Million Worth of BTC…

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Japan: Resona Bank Ends Partnership With Ripple-Based Payment App MoneyTap

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Major Japanese bank Resona withdrew from Ripple-powered blockchain payment project MoneyTap without specifying the reasons. Major Japanese bank Resona will withdraw from Ripple-powered blockchain payment project MoneyTap on May 13, the bank announced on April 11. A subsidiary of Resona Group, the fifth largest banking group in Japan as of 2012, Resona Bank joined the project in October 2018, along with SBI Sumishin Net Bank and Suruga Bank. Launched on Oct. 3, MoneyTap payment service uses Ripple’s blockchain solution xCurrent, which claims to offer instant domestic bank-to-bank transfers. The project…

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