Germany joined the chorus of countries offering stiff resistance to Libra, Facebook’s new digital coin. German Finance Minister, Olaf Scholz, expressed concerns about the coin’s consumer privacy issues and potential for disruption. Reuter’s released a report which quoted him saying,  “The issuance of a currency does not belong in the hands of a private company
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Like. Comment. Subscribe. Twitter: Tweets by AltcoinDailyio I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity…. — Donald J. Trump (@realDonaldTrump) July 12, 2019 https://www.coinbase.com/legal/licenses
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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 that is designed for real economic conditions. Kusama will purportedly enable developers to build and use a
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Cubans are quietly exploring cryptocurrency use-cases on the politically isolated island, even watching Facebook’s Libra project with cautious optimism. Cuban expat Claudia Rodriguez of the Brazilian startup Fusyona, the sole bitcoin exchange proactively serving Cubans, told CoinDesk the exchange has nearly 700 accounts since launching in 2018. She said up to 60 users purchase a
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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 a security breach. The exchange’s administration has managed to find
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German finance minister Olaf Scholz has officially joined the media fracas surrounding Facebook’s cryptocurrency efforts, according to a Reuters report. Echoing other public officials who have struck critical tones in recent days, Scholz called upon regulators to examine the social media company’s Libra project. Scholz reportedly raised concerns about consumer protection and the potential disruption
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David Marcus, head of Facebook’s crypto wallet Calibra, stressed Facebook’s intent to be compliant with the United States Financial Crimes Enforcement Network (FinCEN) in distributing the Libra stablecoin. As a Cointelegraph correspondent reports on July 16, Marcus delivered his comments at the ongoing hearing on Facebook’s Libra with the Banking Committee of the U.S. Senate.
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An experimental version of blockchain interoperability protocol Polkadot will go live later this summer. Led by Swiss nonprofit Web3 Foundation, the Polkadot team says the “early, unaudited and unrefined release of Polkadot” will be called Kusama. “Kusama will serve as a proving ground, allowing teams and developers to build and deploy a parachain or try out
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Blockchain consortium R3 has partnered with Brazilian fintech company Banco Maré to launch a stock exchange for investing in technology firms. Banco Maré, a blockchain-powered digital bank focused on financial inclusion, intends to build a tokenized stock exchange offering investments in technology companies with “social impact,” Cointelegraph Brazil reports July 16. The new R3 technology-backed
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