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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France Won’t Launch Cryptocurrency Anytime Soon: PwC Blockchain Exec

France’s central bank won’t issue its own digital currency anytime soon because doing so would be a complex undertaking that could hurt the country’s flailing economy. That’s the assessment of Pauline Adam Kalfon, a blockchain and cryptocurrency partner at PwC France. Pauline Kalfon: Bitcoin is Great, But Cool Your Heels Kalfon admits there’s growing interest in bitcoin and blockchain in France. However, she warned against unchecked over-exuberance, saying the virtual currency economy needs to be battle-tested to ensure that investors are protected from scams, Forbes reported. “France’s central bank may…

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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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Canadian Regulators Want Laboratoire Blockchain Investors to Come Forward

Canadian regulators have frozen the assets and activities of a blockchain firm and instructed investors to step forward. The AMF (Autorité des marchés financiers) issued a statement described as a “call to investors” regarding the company in question, Laboratoire Blockchain Inc, as well as three affiliated individuals. Following the recent announcement that the Canadian federal government is auditing dozens of Bitcoin users, Quebec province is cracking down on activity in the cryptocurrency and blockchain industries. Laboratoire Blockchain Inc The French-Canadian blockchain firm stands accused of violating securities laws. Three men…

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Facebook Alumni Winklevoss Twins Choose Crypto as Their Legacy

Tyler and Cameron Winklevoss are known for many things. Billionaire status. Taking on a social media Goliath. And as early bitcoin investors. If you ask them what they want their legacy to be, however, which is precisely what CNN Business did during SXSW 2019, the twins would unequivocally choose crypto. “Money is the oldest social network and arguably the strongest. Crypto is potentially the strongest network of value ever in the world and will continue to be so. So hopefully pioneers in that space to some extent,” said Cameron. "Money…

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Crypto Exchange Launch Shows Riot Blockchain Still Clings to the Bitcoin Dream

Riot Blockchain, a former biotech firm turned bitcoin-mining company, expects to launch a regulated cryptocurrency exchange by the end of the second quarter of 2019, or June 30. The company is initially investing up to $250,000 to make this roll-out happen. Riot Blockchain made the revelations in a March 14 filing with the Securities and Exchange Commission. The company formed a subsidiary called RiotX Holdings to operate the exchange, which has partnered with software provider Shift Markets. Once the RiotX exchange goes live, its 2019 operational budget is expected to…

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Security Tokens – Not Bitcoin – is MakerDAO’s Most Exciting New Feature

Rune Christensen, the CEO and founder of MakerDAO, came to the United States this week to visit the MIT Bitcoin Expo, among other things. Christensen took some time to talk to CCN about the status of MakerDAO’s full release. Any Real Value Asset Can Potentially Back a Dai He says the multi-collateral Dai release will have two major features, but the most important is, well, the addition of other types of collateral. “The first one is that it can support multiple collateral types. This of course means ERC-20 tokens. It…

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Bitcoin Is Not A Great Store of Value: Yale Professor

Yale Insights interviewed Professor William N. Goetzmann, a teacher of Finance and Management Studies, about the advent of cryptocurrency. The discussion centered around the purpose and value of money. The article says, in part: Bitcoin’s volatility underscores the challenge of establishing the trust needed for a widely useful currency, but the proliferation of cryptocurrencies also shows that traditional, government-backed currencies don’t address everyone’s needs. Goetzmann says as part of a Q&A that Bitcoin isn’t the best store of value because its value is ever-changing. Depending on who you ask, Bitcoin’s…

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