Bitfinex on Oct 18, 2019, filed a discovery application in the Central District of Southern California District Court hoping to recover its $880 Million funds held at the various frozen accounts of Global Trade Solutions AG, doing business as Crypto Capital. Discovery is a pre-trial procedure in a lawsuit in which each...
Libra Association may consider launching a series of stablecoins based on national currencies such as the dollar, euro, instead of the previously proposed synthetic one, a basket of fiat currencies which includes U.S. Dollar, Euro, Japanese Yen, British Pound, and Singapore dollar. Source: Reuters. “[Libra association] is open to looking...
Taiwanese electronics company HTC has officially announced the launch of the EXODUS 1s. Unlike Samsung’s smartphones which have a built-in crypto wallet, the HTC EXODUS 1s will feature a first-ever mobile device with Bitcoin full node support along with its Zion cryptocurrency wallet. Running a full bitcoin node does not...
In a report published by G7 on stablecoin, the working group recognizes the challenges in cross-border payments which are slow, expensive and opaque. It finds crypto-assets such as Bitcoin, not a reliable alternative and attractive means of payment or store of value to replace the traditional payment system. The reasons...
Emaar Group, Dubai leading real estate developer best known for the development of the world’s tallest building ‘Burj Khalifa’ is launching its native token EMR on JP Morgan’s blockchain. Emaar will provide Android and iOS mobile applications which will help users to earn or redeem EMR token. To be launched...
Many organizations are currently working on protocols that might eventually become a part of the Web 3.0, an evolving set of standards in development for the new Internet. Some of the leading projects contributing to the Web 3.0 movement include Elastos, MaidSafe, and the ThreeFold Foundation. Today’s Internet is in...
Telegram, the messaging company plans to extend the TON launch from Oct 31, 2019, to Apr 30, 2020, in order to resolve the recently Securities and Exchange Commission (SEC) issued restraining order to halt the launch of TON and issuing grams tokens. Telegram began raising capital in January 2018 and...
EY announced today the launch of EY OpsChain Public Finance Manager, a blockchain-enabled solution to help governments improve the management of public funds. Built on EY’s native blockchain EY OpsChain, the platform helps to provide accountability and clarity into how public monies are spent and results delivered. In addition to...
Grayscale Investments, a digital currency asset manager released on Tuesday its Grayscale Digital Asset Investment Report. The report highlights strong performance across its products in Q3 2019. In Q3 2019, Grayscale across its product range saw strongest demand since its inception raising a total of approx $255 million. The demand...
The Oxford English Dictionary ‘OED’ has officially added the word ‘satoshi’ to its dictionary database. The additions were part of OED quarterly update. The Oxford English Dictionary defines Satoshi as: “The smallest monetary unit in the Bitcoin digital payment system, equal to one hundred millionth of a bitcoin.” The OED also...
