Social media giant Facebook reportedly acquired the rights to the “Libra” trademark for its secretive cryptocurrency project. Social media giant Facebook acquired the rights to the “Libra” trademark for its secretive cryptocurrency project, crypto news website The Block reported on May 3. The Block claims that a source familiar with the matter confirmed that Facebook […]
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The mystery account has made more than 587,000 transactions since it became operational on April 8. A single address has been responsible for more than half of the bitcoin cash (BCH) transactions in the past month, according to a tweet by @IamNomad on May 5. According to the Bitcoin Cash Block Explorer, the mystery account has made more […]
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A test ad campaign for PepsiCo found that using smart contracts increased efficiency by 28%. A test ad campaign for PepsiCo built on blockchain delivered a 28% increase in efficiency, according to a news release on May 6. Media agency Mindshare said the experiment was part of Project Proton, which uses smart contracts to ensure businesses only pay […]
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A top executive at one of Asia’s largest banks says trade finance needs to go digital because forged paper records have become too sophisticated. A senior executive at one of Asia’s biggest banks has said the $9 trillion trade finance industry needs to be digitized in order to tackle fraud, according to a Bloomberg article published on May […]
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Former chief economist at the World Bank, Joseph Stiglitz, says that cryptos do not have any of the attributes of a good currency. Famous American economist and Nobel Prize winner Joseph Stiglitz has reiterated his negative stance on cryptocurrencies in a CNBC video released on May 6. “I actually think we should shut down the […]
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The Federal Communications Commission wants to transform how it awards and makes use of scarce wireless frequencies. United States regulator the Federal Communications Commission (FCC) is considering blockchain for wireless network licensing, IT and fintech magazine ComputerWorld reported on May 6. In a speech at last week’s MIT Business of Blockchain conference, commissioner Jessica Rosenworcel […]
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A top executive has revealed the company will look to issue its own digital tokens as part of its blockchain-powered digital exchange. A top executive at Switzerland‘s principal stock exchange, SIX Swiss Exchange, has revealed the company will look to issue its own digital tokens as part of its forthcoming blockchain-powered digital exchange. The development […]
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Kuala Lumpur stock exchange Bursa Malaysia is working on a blockchain-enabled security borrowing and lending proof-of-concept. Kuala Lumpur-based Bursa Malaysia, the country’s stock exchange, is working on a blockchain-enabled security borrowing and lending proof-of-concept (PoC). English-language local media Bernama reported on the developments on May 6. Per the report, the initiative aims to develop greater […]
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CoinMarketCap’s website explains that prices can be manually excluded from its bitcoin average if it “does not seem indicative of a free market price.” Market data resource CoinMarketCap (CMC) has excluded Bitfinex’s price for bitcoin (BTC) from its global average, its website showed on May 6. The embattled exchange’s BTC price was $5,986.60 at press time — almost […]
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A legal document says the case against the companies lacks basis and uses an incorrect legal standard. The operator of cryptocurrency exchange Bitfinex and stablecoin Tether (USDT) is planning to vacate the court order that accuses it of an $850 million funds loss, a document confirmed on May 5. IFinex, which received scrutiny from the […]
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