Microsoft’s Blockchain Obsession, Including ID Push, Is Good for Bitcoin

By CCN: Does Microsoft consider blockchain to be the strongest technology in the world? Who knows, but they sure seem to recognize its growing mainstream status and view it as a potential moneymaker. The company recently announced that it would be building a decentralized identity (DID) network on top of the Bitcoin blockchain, the oldest and arguably most trusted blockchain within the space. The network will be built in accordance with standards set by the Decentralized Identity Foundation, which Microsoft claims can overpower the “throughput issues” commonly witnessed on the…

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SEC Continues Lazy Crypto Streak by Postponing Bitwise Bitcoin ETF

The Securities and Exchange Commission (SEC) has once again proven its inability to make decisions regarding a cryptocurrency exchange-traded fund (ETF). This time, the helpless victim waiting on the sidelines is Bitwise, which initially filed for its ETF two months ago in January. A section of the Securities and Exchange Act of 1934 states that the SEC can postpone a decision-making process by up to 45 days on specific filings. This 45-day period can then be extended to 90 days granted the SEC finds reasons for the extension and then…

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Bitcoin Exchange Coinbene Swears it Wasn’t Hacked: Traders Fear the Worst

Another major cryptocurrency exchange has gone dark, and bitcoin traders once again fear that it is using “maintenance” to cover up a crippling hack. This time, the medal goes to CoinBene, one of the largest cryptocurrency exchanges according to CoinMarketCap.com. Per self-reported data, the platform enjoys over $780 million in daily trades through assorted cryptocurrencies including bitcoin, bitcoin cash, litecoin, and monero. #Announcement ‼Somebody doubt CoinBene was attacked by hacker recently because our maintenance.We CoinBene are so sorry that made everyone worried for this problem.Truth is 👇 pic.twitter.com/2P8Ulwjj6C — CoinBene…

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Facecoin To Replace U.S. Dollar? Facebook Claims It’s “Helping People”

We’re all still thinking like regular crypto heads when it comes to what Facebook’s Mark Zuckerberg has up his sleeve with his stablecoin. The Zuck’s not thinking about just creating his own crypto. He wants to replace the U.S. dollar according to Ted Livingston, who’s developed the reputation of being ahead of the industry in making predictions. Livingston is the founder and CEO of messaging platform Kik. Facebook’s moves aren’t steeped in anything nefarious. Instead, they are in line with  Facebook’s usual claims – helping the world. This time, the…

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The Criminal Past of Quadriga’s Co-Founder Has Been Revealed

The mystery surrounding the disappearance of $190 million in crypto from Canadian exchange Quadriga deepened as it was revealed the surviving founder is a reported ex-con who served 18 months in a federal U.S. prison for identity theft, bank fraud and credit card fraud. Michael Patryn, who founded Quadriga with Gerald Cotten, has been revealed as Omar Dhanani. After denying this and disputing reports linking him to his criminal past, records were obtained showing that Patryn legally changed his name twice, six years before he founded Quadriga with Cotten. Here…

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Tron CEO Justin Sun Wants to Prove Crypto Is Not a Scam: Hires Former SEC Official

By CCN.com: Tron founder Justin Sun is out to prove that crypto is not a scam ― despite hyperbolic emotional protestations by haters that it is. To this end, Sun hired a former SEC employee to be the first compliance director for Tron, a blockchain platform for supporting smart contracts and high throughput. Sun believes that The post Tron CEO Justin Sun Wants to Prove Crypto Is Not a Scam: Hires Former SEC Official appeared first on CCN

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Crypto Firms Speak out Against Critical McKinsey Report

Consulting giant McKinsey & Co recently published a report on the state of the blockchain industry, claiming that while crypto technology has potential, it has been unable to break away from the early “pioneer” phase with most use cases failing to take off. The Report: ‘Blockchain’s Occam Problem’ The report is not entirely critical, stating … Continued The post Crypto Firms Speak out Against Critical McKinsey Report appeared first on CCN

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Pakistan’s First Blockchain-Based Remittance Service Launched Using Alipay’s Technology

A Pakistani financial institution has rolled out a cross-border remittance service based on blockchain technology developed by Alibaba affiliate, Alipay. Telenor Microfinance Bank and Malaysian fintech firm Valyou have partnered to offer the service to that will operate between Malaysia and Pakistan. The service is expected to enhance the efficiency and speed of remittances from The post Pakistan’s First Blockchain-Based Remittance Service Launched Using Alipay’s Technology appeared first on CCN

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