WSJ: Facebook Crypto Project Seals $10M Investment Each From Visa, Mastercard, Paypal, Uber

Facebook has allegedly sealed backing from over a dozen firms that include Visa, Mastercard, PayPal and Uber for its soon-to-be-unveiled cryptocurrency project. The news was reported by the Wall Street Journal (WSJ) on June 13.

Source ostensibly familiar with the matter told the WSJ that the firms — extending across the finance, e-commerce, venture capital and telecoms industries — have each invested around $10 million in a consortium that will govern Facebook’s forthcoming digital token, dubbed Libra. 

The WSJ’s sources reiterated details that had previously surfaced in regard to the highly secretive project, notably that the social media giant’s forthcoming crypto will allegedly be a fiat-pegged stablecoin, pegged to a basket of national fiat currencies to avoid price volatility.

https://cointelegraph.com/news/wsj-facebook-crypto-project-seals-10m-investment-each-from-visa-mastercard-paypal-uber

Cryptocurrency enthusiast John McAfee's crypto trading platform was immediately targeted by hackers with a denial of service (DOS) attack following its launch, according to an official Twitter post from McAfee on June 12.

According to the post, the web servers for the “McAfeeMagic” trading platform, were hit with a cloaked High Orbit Ion Cannon (HOIC) DOS attack. Cybersecurity website Imperva describes an HOIC DOS attack as stressing a network by “flooding target systems with junk HTTP GET and POST requests.”

However, McAffee tweeted the same day that the website was operational again. According to the same post, the McAfeeMagic trading platform allows users to trade on 8 crypto exchanges, shadow trade professional crypto traders, and make fiat-to-crypto conversions with an over-the-counter (OTC) desk.

https://cointelegraph.com/news/mcafee-trading-platform-suffers-dos-attack-upon-launch

Institutional cryptocurrency platform Bakkt will begin testing its first product, physically-delivered bitcoin (BTC) futures on July 22, the company announced in a blog post on June 13.

Bakkt, which has seen multiple delays over regulatory compliance since its original announcement in August 2018, will offer futures as the first in a series of offerings, full details of which remain unclear.

“On July 22, two days after Apollo 11’s 50th anniversary, Bakkt will initiate user acceptance testing for its bitcoin futures listed and traded at ICE Futures U.S. and cleared at ICE Clear US,” chief operating officer Adam White wrote in the blog post, adding:

“This is no small step. This launch will usher in a new standard for accessing crypto markets. Compared to other markets, institutional participation in crypto remains constrained due to limitations like market infrastructure and regulatory certainty.”

https://cointelegraph.com/news/bakkt-names-launch-date-for-bitcoin-futures-testing

CryptoCompare Launches Exchange Benchmark in Response to Concerns Over False Volume Reporting

London-based crypto data provider CryptoCompare has launched an Exchange Benchmark product that ranks over 100 crypto spot exchanges worldwide. The news was revealed in a press release shared with Cointelegraph on June 12.

According to CryptoCompare, the new product has been launched in response to growing industry concern sparked by research indicating that a significant number of crypto exchanges globally have been using wash trading and other strategies — including spoofing and incentivized trading schemes — to artificially inflate trade volumes.

The press release outlines:

“The problem has been getting worse with lower quality exchanges (ranked C-F) increasing market share by 30% in the last 12 months, demonstrating the need for a ranking methodology that does not rely on aggregate volumes.”

https://cointelegraph.com/news/cryptocompare-launches-exchange-benchmark-in-response-to-concerns-over-false-volume-reporting

Coinidol, in fact, is much worse than even CCN. Coinidol isn't dead yet only because of 90% paid (and very cheap) fake traffic (pop-ups), sponsored articles and very small team (4-5 persons) with low salaries.

Philippines’ Central Bank Will Continue to Closely Monitor Crypto, Citing Terror Financing

The governor of the Philippines’ central bank, Benjamin Diokno, has warned against the potential use of cryptocurrencies for terrorism financing and underscored that the Bangko Sentral ng Pilipinas (BSP) will continue to closely monitor their use in the country. The news was reported by local English language newspaper The Philippine Star on June 10.

In addition to Diokno’s remarks, BSP Deputy Governor Diwa Guinigundo reportedly provided further insights into the institution’s stance toward cryptocurrencies during the launch of an unnamed book about bitcoin (BTC).

Diokno ostensibly criticized bitcoin’s potential to function as a unit of account, medium of exchange and store of value, claiming that the top cryptocurrency’s volatility inhibits its usefulness on all three points.

https://cointelegraph.com/news/philippines-central-bank-will-continue-to-closely-monitor-crypto-citing-terror-financing

Cryptocurrency exchange Liquid will be the first to host encrypted messaging app Telegram’s Gram tokens when they go on public sale, a press release confirmed on June 11.

Telegram, which has not provided an official statement on the move, became the focus of international attention last year when it held a private initial coin offering (ICO) for Gram, which raised $1.7 billion for its Telegram Open Network (TON) project.

At the time, it was thought no public phase would follow, but the largest Gram holder organization, Gram Asia, will now offer an undisclosed number before a full sale in October

https://cointelegraph.com/news/liquid-cryptocurrency-exchange-to-host-public-phase-of-telegram-ico

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Major crypto platform Coinbase has added a course on MakerDao’s stablecoin dai in its educational portal Coinbase Earn, according to an official blog post by Coinbase on June 10.

According to the post, dai is the first stablecoin covered by Coinbase Earn, which will offer videos and quizzes to help users learn about the token, and receive some Dai for their efforts.

As summarized in the announcement, the Ethereum-based stablecoin Dai is backed by its sister token maker (MKR) and is balanced around retaining a stable value of $1 over time.

Coinbase first announced that they were adding dai to their exchange on May 23. At the time, Coinbase commented that it would be available in most jurisdictions with the exception of New York.

https://cointelegraph.com/news/coinbase-earn-now-supports-ethereum-based-dai-stablecoin

Crypto Advocacy Center Says Proposed UK AML Regulations Violate Privacy Rights

Coin Center — a nonprofit research and advocacy center focused on crypto-related public policy issues — has urged Her Majesty’s Treasury not to over-broaden the scope of the United Kingdom’s anti-money laundering/counter terrorism financing (AML/CFT) regulations.

The development was revealed in an official Coin Center news release published on June 10.

Coin Center’s central concern regards HM Treasury’s plans to ostensibly “impose data collection and reporting requirements on not only cryptocurrency developers, but all open-source software developers and others who facilitate the peer-to-peer exchange of cryptoassets,” as the news release states.

https://cointelegraph.com/news/crypto-advocacy-center-says-proposed-uk-aml-regulations-violate-privacy-rights

@goodcat4ever

SMM, линкбилдинг, могу работать комьюнити-менеджером или в саппорте. Пишите. За токены не работаю.

Crypto is on the march, and not just in terms of market price. Not only does data indicate that the number of ID-verified users of cryptocurrency doubled over 2018, but there are various other metrics that suggest that adoption is gaining traction. As many as 84% of companies worldwide are involved with blockchain-based technologies in some way, while cryptocurrency ownership is twice as high among young Americans than among the general United States population. And at a time when there's plenty of talk about the need for crypto to standardize and regulate itself before adoption can really take off, it would now seem that lobbying on cryptocurrency-related issues is also increasing.

This indicator of growth emerged at the end of April, when the U.S. Congress released its latest quarterly data on lobbying on Capitol Hill. Its statistics revealed that the number of companies and organizations lobbying for crypto had increased between Q4 2018 and Q1 2019, with lobbying efforts from the likes of Mastercard, Accenture and EY underlining how the regulatory fate of blockchain and cryptocurrencies isn't of interest only to Coinbase, Coin Center and other representatives of the crypto industry.

https://cointelegraph.com/news/why-lobbying-growth-is-a-sign-that-crypto-is-maturing

The Khanty-Mansi Autonomous Okrug – Yugra,  a federal subject of Russia, will launch a blockchain-enabled tourism platform, major state-owned media outlet Tass reported on June 7.

Per the report, during the St. Petersburg International Economic Forum this week, the general director of the region’s development fund, Roman Genkel, signed an agreement with Alexander Borodich, the CEO of blockchain startup Universa, to launch the platform.

According to a blog post from Universa on June 7, the system will enable tracking public spending and investment to ensure transparency. The company claims:

“Tagging the money using distributed ledger technology will protect government grants and investments against misuse.”

https://cointelegraph.com/news/russian-region-yugra-to-launch-blockchain-enabled-tourism-platform

Earlier this week, Dutch billionaire John De Mol launched a lawsuit against Facebook over crypto ads using his image without permission.

De Mol claims that consumers have lost as much as 1.7 million euros (over $1.9 million) due to the ads, and his reputation was damaged as a result.

It is not the first time the California-based media giant is being sued over fake bitcoin ads — and, despite Facebook’s efforts to eliminate the problem, it seems that the issue persists.

https://cointelegraph.com/news/dutch-billionaire-yet-another-victim-of-deceptive-crypto-ads-sues-facebook

Multiple sources are expecting Facebook to launch its stablecoin on June 18, IT and fintech magazine TechCrunch reported on June 6.

Citing people familiar with the plans, the publication added strength to existing suggestions from both within and outside the company that its secretive cryptocurrency project would appear this month.

Previously, rumors had suggested it would be 2020 before Facebook made a commitment to bring its product, which should focus on remittances, to market.

“It’s currently scheduled for a June 18th release of a white paper explaining its cryptocurrency’s basics,” TechCrunch states.

That date had also come from Laura McCracken, Facebook’s Head of Financial Services & Payment Partnerships for Northern Europe, who said in an interview with German finance magazine Wirtschaftswoche this week the stablecoin would not only involve a U.S. dollar peg.

https://cointelegraph.com/news/facebook-sources-say-that-stablecoin-white-paper-will-come-on-june-18

Mt. Gox’s Karpeles: Press Rumors About My Blockchain Plans Are False

The former CEO of long-defunct Japanese cryptocurrency exchange Mt. Gox denied press claims he is returning to blockchain in comments to Cointelegraph on June 7.

Mark Karpeles, whom a judge acquitted of embezzlement in March and is currently appealing a lesser conviction of data manipulation, says his activities with Tristan Technologies will not involve the cryptocurrency sector.

Responding, Karpeles told Cointelegraph:

“I believe I've been quite clear during the press conference and I'm not sure how this got reported wrong, and been even asked if I wouldn't consider returning to the crypto space (to which I replied I had no plan to for now).”

He added that “the goal to try to bring back Japan near the top of the IT industry is indeed there”

Reports about his involvement at Tristan and its sphere of operation also received clarification, with Karpeles underlining that “it is not a new company, it is not a blockchain company.”

“Tristan Technologies isn't exactly a startup per se, since the company has been up and running for years and is now self sufficient. We focus on IT solutions, mostly cloud-based, and offer services such as a Google Drive/Dropbox replacement [...] (among other things),” he noted.

https://cointelegraph.com/news/mt-goxs-karpeles-press-rumors-about-my-blockchain-plans-are-false

SEO как работало, так и работает) Просто по умному, а не тупая закупка ссылок где попало и написание полотен бессмысленных seo-статей.

Leading cryptocurrency exchange Binance will reportedly issue its own stablecoins within two months.

Binance’s Chief Financial Officer, Wei Zhou told Bloomberg that the exchange will start issuing its own stablecoins “in a matter of weeks to a month or two," with the goal to make stablecoins available for more of the world’s currencies.

The exchange’s first stablecoin dubbed “Binance GBP” will reportedly be denominated in and 100% pegged to the British pound. Zhou also revealed that Binance will make money off of interest on fiat deposits, like tether (USDT) does.

https://cointelegraph.com/news/binance-to-reportedly-introduce-its-own-stablecoins-within-two-months

The president of Brazil, Jair Bolsonaro, has stated that he does not know what bitcoin (BTC) is, and endorsed the suspension of a project that would create a crypto for indigenous people to use,.

Bolsonaro supported the Minister of Women, Family and Human Rights, Damares Alves in the termination of a project worth 44.9 million Brazilian reals ($11.5 million) between the National Indian Foundation (FUNAI) and the Federal Fluminense University (UFF), which promoted the creation of a cryptocurrency for indigenous people to use. Bolsonaro delivered his comments during an interview with Ratinho's SBT show on June 4.

After saying that the Minister acted properly in blocking the project that "wanted to teach the Indian to use bitcoin," the president was asked by a show participant if he knew what bitcoin was. Bolsonaro replied:

"I do not know what bitcoin is."

https://cointelegraph.com/news/president-of-brazil-jair-bolsonaro-i-do-not-know-what-bitcoin-is