Facebook’s David Marcus Addresses Libra Trust Issues

[ad_1] David Marcus, the head of Calibra at Facebook, emphasized that Libra users will not have to put their trust in Facebook, in a post on July 3.Marcus reiterated that Facebook is not the only member of the Libra Network, and that they are relinquishing control of the network. In the post, he says:“Facebook will not control the network, the currency, or the reserve backing it. Facebook will only be

Binance to Switch Tether Addresses from Omni to ERC-20

[ad_1] Major cryptocurrency exchange Binance has announced that it is switching from Omni-based addresses to ERC-20-based addresses in customer wallets for the stablecoin tether (USDT), according to an official announcement on July 3.In order to make the switch, Binance says that there is a 30-minute downtime planned for USDT withdrawals and deposits on July 4, beginning at 08:00 a.m. (UTC).The announcement notes that Ethereum’s ERC-20 based addresses will be the

20 Financial Institutions Are Now Using XRP-Based xRapid: Ripple Head of Banking

[ad_1] According to a recent report, the global head of banking at Ripple, Marjan Delatinne has made it known that the firm now has 20 customers who use its XRP- powdered xRapid. Delatinne noted the use case of xRapid in a recent interview session he was part off. He also highlighted the effect it could have on cross-border remittances particularly in countries where the movement of capital is slow and

Blockchain Dev Firm Launches First Smart Contracts on Microsoft’s .NET

[ad_1] Developers can now write smart contracts in C# on Microsoft’s .NET architecture.Blockchain development firm Stratis Group Ltd has launched the first smart contracts on Microsoft's .NET architecture, according to a press release shared with Cointelegraph on July 3.The company has introduced the Cirrus Sidechain Masternodes and Stratis Smart Contracts products designed to enable businesses to develop smart contracts in the programming language C#, a general-purpose language originally developed by

Ripple Incubator Xpring Announces $500 Million Invested in XRP Projects

[ad_1] Ripple incubator and investment arm Xpring has spent $500 million on XRP projects since its launch in May 2018, according to an official blog post on July 2.These funds have reportedly been distributed to over 20 companies, including the blockchain-based gaming platform Forte.In general, the report says that Xpring investments are intended to create use cases for Ripple’s XRP token. They hope to accomplish this by making development easier,

Intel Co-Sponsors New Hyperledger Transact Project

[ad_1] Global tech giant Intel has co-sponsored a new blockchain programming project by major blockchain tech firm Hyperledger, according to a Forbes report on July 3Officially released on June 27, Hyperledger Transact is a new tool that aims to boost the compatibility of blockchain networks by providing a standard interface, or a shared software library for smart contracts execution.Michael Reed, Intel's blockchain program director, said in an interview with Forbes

Gram Asia to Sell Gram Tokens at Three Times ICO Price

[ad_1] South Korea’s Gram Asia is selling rights to its Gram holdings at $4.00 per token starting July 10, according to a report by Bloomberg on July 3The proposed sale price is triple the original $1.33 sale price at Gram’s second initial coin offering (ICO) round in March 2018.The sale on July 10 is apparently happening exclusively through Japanese cryptocurrency exchange Liquid, as per its website. Liquid also hosted the

French Regulators Notice Uptick In Crypto-Related Complaints

[ad_1] French financial regulators have observed an increase in complaints regarding cryptocurrencies this yearInvestors in the country are increasingly filing complaints about digital currencies with France’s Financial Markets Authority (AMF) since January 2019, according to the AMF’s 2019 Risk Map report published on July 2.Percentage of claims to AMF regarding crypto assets. Source: AMF     The Risk Map analyzes the major factors that have an impact on the country's financial markets along

Canadian Firm Plans to Upgrade Millions of ATMs to Sell Bitcoin

[ad_1] According to a recent report, Canadian crypto exchange Coinsquare has purchased software which allows traditional ATMs to sell digital currencies like bitcoin (BTC). Coinsquare recently released a statement in which it revealed that it now has a controlling investment in Just Cash, a fintech company situated in the United States. The tech startup created software that enables users to directly buy crypto via traditional ATM machines without having to

Chinese Media Is All Praises For Bitcoin

[ad_1] Prominent Chinese media houses love Bitcoin and believe that the number one cryptocurrency is a safe haven asset given rising tensions in the socio-political relations among global economic powerhouses. Bitcoin as a Haven Asset — No Longer an Outlier Argument Xinhua News Agency — a government-run media outlet in China has published a report showing the increasing prominence of Bitcoin as a haven asset. The market study identified tensions