Coinpedia: Top Crypto news and announcements!!!!

Elio Motors to Release Its Own Cryptocurrency Called Eliocoin
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Elio Motors, a troubled automotive startup is starting its own cryptocurrency. The Cryptocurrency is initiated in order to fund the production of its three-wheeled vehicle. The firm is launching ElioCoin. It is offering to investors which aids from financial firm Jones Trading. Overstock.com an online retailer is on the process to become an investor to Elio.

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South Korean Gaming Company to Purchase Bitstamp
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The world’s oldest bitcoin exchange Bitstamp is for sale. As per reports, South Korean’s gaming company claims to finalize the deal to purchase the exchange. According to few people, the price is estimated at $350 million. Bitstamp is the oldest bitcoin exchange and is the licensed exchange in Europe.

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Mobilecoin Joins Binance Exchange and Raises $30m for Mobile Payment
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On Tuesday, MobileCoin announces to join Binance labs, the major blockchain incubator Binance exchange. It is leading a $30 million round denominated in bitcoin and ether for commencing new cryptocurrency. MobileCoin will fetch “Priority consideration” for listing on Binance as a part of the relationship.

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Bill Harris CEO of PayPal says Bitcoin is a scam
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As per reports, Bill Harris, CEO of PayPal and former Intuit CEO asserts that Bitcoin is a “colossal pump-and-dump scheme, the demerits of Bitcoin is not seen by the universe.” The main section of Harris’s post is directed at three key components of Bitcoin debate.

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Telegram Founder, Paval Durov Calls Paper Airplane Protest
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In the wake of the official ban by Russian Court, a messaging App Telegram began to resist. Telegram founder and CEO, Palov Durov calls for fresh protest over Russian ban by throwing Paper Airplane

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Martin Lewis Files a Lawsuit Against Facebook for Using His Identity to Promote Crypto Ads.

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A well-known financial journalist and founder of consumer finance site MoneySavingExpert.com filed an indictment against Facebook today. The suit is filed in UK’s High Court alleging for defaming the tech giant. Lewis blames the Facebook advertised more than 50 cryptocurrency ads which basely used his identity to endorse cryptocurrency trading scams.

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