Senator Brown is concerned that Libra will allow Facebook to gain unfair control over the financial system and dictate new money policy to the detriment of ordinary citizens. Libra is a “recipe for more corporate power over markets and over consumers,” according to U.S. Senator Sherrod Brown, ranking member of the Senate Banking Committee. Senator […]
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Grayscale reports new jump in assets under management to $2.7 billion. Digital asset management fund Grayscale Investments has recorded an all-time high volume of assets under management of $2.7 billion. Per a Digital Asset Investment Report on Q2 2019 that Grayscale shared with Cointelegraph on July 16, the firm counted over $2.7 billion in assets […]
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IBM has tripled the number of blockchain-related patents it holds in the U.S. this year, dwarfing other US blockchain bulls. Tech giant IBM has tripled the number of blockchain patents secured in the United States since last year, currently boasting over 100 active patent families. That makes IBM’s growth in US patents the largest of […]
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The price of bitcoin has dropped below $10,000 in a sharp pullback. Analysts discuss where the market is headling and the factors of the drop. Since July 10, the price of Bitcoin (BTC) has fallen from $13,200 to $9,684, with major cryptocurrency exchanges including Coinbase, recording a 26.6 percent drop within a period of seven […]
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Internet crowdsourcing company Share Internet Data has partnered with LDJ Capital to incorporate a banking solution into its Internet-sharing platform. Internet crowdsourcing company Share Internet Data Ltd (SID) has partnered with private equity firm LDJ Capital to launch a blockchain-based digital banking solution. The new digital banking app is called LDJ Digital, according to a […]
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United States House Minority Leader Kevin McCarthy praised Bitcoin while criticizing Facebook’s Libra stablecoin. United States house minority leader Kevin McCarthy praised Bitcoin (BTC) while criticizing Facebook’s Libra stablecoin during an interview with CNBC published on July 16. During the interview, McCarthy said: “I like Bitcoin. Is it where it needs to be? No, but […]
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Polkadot introduces the experimental version of new protocol Kusama in anticipation of full launch later this summer. Blockchain interoperability protocol Polkadot has introduced its “canary network” dubbed Kusama, which represents an experimental version of the protocol. In the blog post published on July 16, Polkadot presented an early, experimental version of the protocol called Kusama […]
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Seven Venezuelans claim to have been lured into a $30 million Ponzi scheme with a cryptocurrency pegged to diamonds A group of Venezuelans has filed a lawsuit with a Florida Federal Court in connection with a Ponzi scheme involving $30 million in cryptocurrency promoted by Canadian investment radio host Harold Seigel. Payment and commerce news […]
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Consulting services firm Acumen Research and Consulting has forecast that the global blockchain in healthcare market will reach over $1.7 billion by 2026. The volume of blockchain in healthcare market worldwide is forecast to reach more than $1.7 billion by 2026. In a press release published on July 16, consulting services to information technologies firm […]
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Bitpoint incident continues the streak of hacks targeting Japan-based exchanges. On July 12, 2019, Tokyo-headquartered cryptocurrency exchange Bitpoint promptly suspended its services after noticing an error in the outgoing funds transfer system. Soon, an official announcement followed, revealing that the trading platform had lost around 3.5 billion yen (roughly $32 million) as a result of […]
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