EXCHANGES

Diamond-Backed StableCoin CEO Talks Blockchain For Storing Value

[ad_1] Bitcoinist spoke with Jeremy Dahan, founder and CEO of diamDexx, a diamond-backed stablecoin that promises to make cryptocurrencies more practical for everyday use. In the decade since the 2008 financial crisis, the monetary system has changed tremendously. Once unshakable pillars of the industry no longer exist, and new financial instruments, like digital currencies, have become more accessible. At its peak, Bitcoin and hundreds of other digital currencies achieved a
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Blockstream Developers Alleged to Earn $850K Per Year

[ad_1] There are perks to working for Blockstream, aside from having to answer to Samson Mow. Developers for the Bitcoin Core software company are alleged to earn up to $850K per year thanks to a “stock option” that sees them paid 20% of their salary in BTC. That BTC is pegged at the price bitcoin was at in 2014, meaning that employees are paid around 85 BTC annually as part
BLOCKCHAIN

Over 100 Staff Now Reportedly Working On Facebook’s Crypto Project

[ad_1] More details are now emerging regarding high-level executives for social media giant Facebook’s crypto project, according to a report by CNBC on June 6.According to the report, there are now 100 people known to be working on the crypto project via profiles on professional networking platform LinkedIn. Facebook is also reportedly not done hiring, with over 40 openings still available in the team’s business unit, as per its website
Business

Margin Lenders on Poloniex Lost $13.5 Million Due to Flash Crash

[ad_1] Margin lenders on American cryptocurrency exchange Poloniex have lost around $13.5 million due to a flash crash. Poloniex announced about the incident in a blog post published on June 6.Poloniex revealed that on May 26 a severe price crash in the clams (CLAM) market led to margin loans losses amounting to roughly 1,800 bitcoin (BTC), or approximately $13.5 million at the time. The incident affected 0.4% of all users
BLOCKCHAIN

SL Benfica Offers Cryptocurrency Payment Option for Online Store

[ad_1] Major Portuguese sports club SL Benfica now accepts cryptocurrency for merchandise and tickets, Verdict reports on June 6.According to the report, SL Benfica partnered with cryptocurrency service Utrust to provide the new payments option. Fans and customers can now buy tickets any products on the club’s website with Utrust’s native token (UTK), or with top cryptocurrencies bitcoin (BTC) and ether (ETH).Utrust purportedly supports instant crypto-to-fiat conversions, allowing SL Benfica
BLOCKCHAIN

Global Pharma Giant Develops DLT-Based Care Network for Diabetes Patients

[ad_1] А leading pharmaceutical firm Boehringer Ingelheim has teamed up with blockchain-based healthcare platform Solve.Care, according to a press release shared with Cointelegraph on June 6.Germany-based Boehringer, one of the world’s 20 largest pharma companies, and Solve.Care are planning to build a blockchain and digital asset-powered network for trusted sharing of data about patients with diabetes.Based on Solve.Care’s blockchain platform, the new healthcare system is known as the Diabetes Care
BLOCKCHAIN

Medici Ventures Leads Funding Round for Blockchain-Based E-Voting Platform

[ad_1] Medici Ventures, the blockchain-based subsidiary of Overstock.com, has led a $7 million funding round for a blockchain-based voting platform, according to a press release on June 6.The blockchain-based voting platform, Voatz, is reportedly designed to allow citizens to participate in official elections and similar events via mobile devices, such as smartphones or tablet computers. The platform is reportedly based on blockchain tech, encryption, and biometrics, and purports to provide
Business

Nearly $10 Million in XRP Stolen in GateHub Hack

[ad_1] Hackers have reportedly compromised nearly 100 XRP Ledger wallets on cryptocurrency wallet service GateHub. The incident was announced by GateHub in a preliminary statement on June 6.In the statement, GateHub reveals that it was notified by some of its customers and community members that funds on their wallets had been stolen. The company estimates that hackers managed to compromise around 100 XRP Ledger wallets.Although the company did not initially
Business

US Congressman Seeks Tax Clarity for Cryptocurrencies

[ad_1] United States Congressman (R-N.C.) Ted Budd testified to the House of Representatives Ways and Means Committee on purported issues with current tax laws on cryptocurrencies, as per a video of the testimony released on June 4.Congressman Budd argued that cryptocurrencies should have a de minimis tax exemption like foreign currencies.Budd commented that he cosponsored bill H.R.3708, or the “Cryptocurrency Tax Fairness Act,” which would extend the Internal Revenue Code
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Leading Indian Blockchain Big Data Company ZEBI Announces Mainnet Launch and New Products for 2019

[ad_1] Bitcoin Press release: Leading Indian blockchain Big Data Company Zebi, offers decentralized products to protect personal and commercial data. The Mainnet launch and Zebi payment system expected Q3, 2019. June 6th, 2019, Andhra Pradesh, India – India’s leading blockchain company, Zebi, has created a globally innovative big data platform that showcases the real-world applications of blockchain and encryption technologies. After a successful ICO in 2018, Zebi effectively deployed its