Blockchain

Things do not seem to be going as planned for Facebook’s Libra as Mark Zuckerberg is set to testify before the US Congress later in the month. This was revealed by the Chairwoman of the United States House Committee on Financial Services Maxine Waters (D) in a press statement yesterday. The Chairwoman indicated that a letter had been sent to the Social media giant in July “requesting an immediate moratorium on the implementation of Facebook’s proposed cryptocurrency, Libra, and digital...

Venezuela’s largest department store chain Traki has installed a Bitcoin ATM on one of its premises. The joint effort led by Traki’s blockchain wing CriptoTraki and a local cryptocurrency exchange Twenty is enabling Venezuelans to purchase bitcoin via the US dollar. Local news source Union Radio reported that Traki is running a “one-way” pilot test, wherein people would be able to buy bitcoin but not sell them. Traki clarified that it would introduce a bitcoin-selling option in the second...

Photo: CoinspeakerRecently, Binance has announced that they will add two more fiat-to-crypto gateways, hence WeChat and Alipay. With this move, citizens of China now will be able to purchase Bitcoin, with these two payment options. Changpeng Zhao, the CEO of Binance, confirmed this news on his Twitter account:YES https://t.co/dnHKQSLvS4— CZ Binance (@cz_binance) October 9, 2019Currently, this initiative is only in the testing phase for Android users, but will eventually come out on iOS as...

When Facebook‘s cryptocurrency Libra started struggling with keeping its co-workers to keep partners on board and all of the institutions happy, an alternative called OpenLibra came to address some of Libra’s potential flaws.OpenLibra is described as an “open platform for financial inclusion,” with a tagline: “Not run by Facebook” and it was announced at Ethereum Foundation‘s Devcon 5 conference in Osaka, Japan.Be it as it may, thirty blockchain companies and nonprofit organizations decided...

After long waiting, Sony Interactive Entertainment has finally officially confirmed that its upcoming next-generation console will indeed be called PlayStation 5 and will be ‘launching in time for Holiday 2020’.We have already reported of Microsoft and Sony that decided to merge in order to fight competition from Amazon and Google in the provision of cloud gaming services that are expected to take the gaming world by storm in the near future.Playstation never had imaginative names. Since the...

Photo: Binance BlogCrypto exchange Binance is on an aggressive development spree this year. On Wednesday, October 9, Binance has launched its new P2P trading facility for trading cryptocurrencies against the Chinese Yuan. Currently, this facility is only available for Android users. However, it has promised to roll-out this facility on iOS and web interface as well. In its announcement, the crypto exchange said:“Binance has launched P2P trading functionality with BTC, ETH and USDT available...

Photo: Nervos Network / MediumSince the ICO boom of 2017 that attracted many scammers, the Chinese government banned all crypto activities in the country. However, the latest developments suggest that the government could be indirectly participating in a security token offering (STO).The Nervos Network STO is scheduled to kick off on October 16. It aims to raise an undisclosed amount within two weeks via the CoinList platform. Polychain Capital has so far said that it will contribute $5.7...

Popular messaging app Telegram updated the terms of service on its website on Tuesday with a new page for its yet-to-be-launched Gram wallet and token.The only link which has been publicly identified before now has been the Simple Agreement for Token (SAFT) registered with the United States Securities and Exchange Commission (SEC) in March 2018 which lists Telegram, Pavel Durov and Nikolai Durov ( the telegram developers) in the filing.Late last month the alpha version of the wallet of the...

The popular Bitcoin mixing service, Bitcoinmix.org has added an Ethereum mixing service to its growing services. The service which has been in operation since 2015 is known for its consistency. Bitcoin mixing has become an integral part of the cryptocurrency industry considering that Bitcoin, which is the premier coin has dominated the market and don’t seem to show signs of letting up in the near future. The essence of mixing the digital currency is to make sure that the identity of the...

Microsoft and Intel are backing a new type of rewards program for businesses developed by the Enterprise Ethereum Alliance (EEA). The program was first introduced at Devcon 5 in Osaka, Japan.A New Kind of Crypto Rewards ProgramRewards programs are solid ways of boosting crypto use. The more one utilizes or develops on a specific blockchain, the more rewards they can get. Typically, these rewards programs involve the garnering of tokens that individuals can spend or trade via exchanges and...