Brazilian Crypto Exchange Snubs Court Deadline to Fix Withdrawals

Brazilian cryptocurrency exchange and alleged pyramid scheme Atlas Quantum rejected court deadlines to resolve its delayed Bitcoin (BTC) withdrawals. Atlas Quantum may constitute a financial pyramid As Cointelegraph Brasil reported previously, on Sept. 17, the Federal Court of Brazil ruled that the current activities of the cryptocurrency exchange Atlas Quantum may constitute a financial pyramid, and therefore decided to immediately freeze the company’s assets and bank accounts and give the company 48 hours to resolve outstanding accounts.  In a Sept. 18 response to the court’s ruling and deadline, Atlas Quantum…

Waves Transitions to Self-Regulating Monetary System

Open source blockchain platform Waves is transitioning to a self-regulating monetary system, allowing thus the community to determine the block generation reward size and coin supply. Waves announced the development in a press release shared with Cointelegraph on Sept. 19. The company detailed an update to protocol version Node 1.1, which considers a mechanism of block generation rewards in addition to the existing transaction fees: “Every generated block will add another 6 WAVES to the overall circulating supply, which was previously limited to 100,000,000 WAVES. The reward for block generation…

Bank of America Joins R3’s Marco Polo Blockchain Global Trade Network

Bank of America has joined R3’s Corda-powered Marco Polo Network “to tackle trade finance challenges.” “Tackle trade finance challenges” On Sept. 19, Marco Polo announced the multinational investment bank was joining its network to improve international trade inefficiencies and deliver a better service for its customers. Geoff Brady, head of global trade at Bank of America, said: “Joining the Marco Polo Network supports our strategic objective of turning technology advances into trade solutions that address client needs. We look forward to exploring how the new technology can generate greater transparency for our…

Coinbase Looks to Add Support for Telegram and 16 Other Digital Assets

San Francisco-based crypto exchange and wallet provider Coinbase has announced the support for Telegram and 16 additional digital assets. Coinbase adds support for 17 digital assets On Sept. 19, cryptocurrency exchange Coinbase announced that it is considering the addition of a range of new assets; namely, Avalanche, Celo, Chia, Coda, Dfinity, Filecoin, Handshake, Kadena, Mobilecoin, NEAR, Nervos, Oasis, Orchid, Polkadot, Solana, Spacemesh, and Telegram. Coinbase added that it intends to explore assets that have not yet launched and which Coinbase may choose to support in the future.  Telegram, for example,…

Zuckerberg Continues Tour of DC With Unproductive Meeting With Senator

Facebook’s CEO Mark Zuckerberg is continuing his planned meetings with policymakers in United States capital Washington D.C., to further discuss “future internet regulations,” most recently with Senator Josh Hawley. Zuckerberg meets Missouri senator Josh Hawley On the afternoon of Sept. 19, U.S. Senator Josh Hawley took to Twitter to give an overview of a meeting today with Mark Zuckerberg. Hawley wrote: “Just finished meeting with CEO Mark Zuckerberg. Had a frank conversation. Challenged him to do two things to show FB is serious about bias, privacy & competition.” The U.S…

Stripe Worth $35 Billion After Raising $250 Million in New Funding Round

Online payments processor Stripe has raised another $250 million in a new funding round, which pushes its pre-money valuation to a whopping $35 billion. Total funding in the billions On Sept. 19, Stripe announced the additional funding was sourced from investors including venture capital firms General Catalyst, Sequoia and Andreessen Horowitz. Coming from a $9.2 billion valuation in 2016, San Francisco-based Stripe was valued at $22.5 billion after raising $245 million in the beginning of 2019. Overall, the U.S. fintech startup has raised roughly $1.2 billion since its inception. The company, also…

Iota Launches Decentralized and Autonomous Industrial Marketplace

Non-profit blockchain organization Iota Foundation has released a platform enabling a decentralized and autonomous industrial marketplace. World’s first autonomous and decentralized virtual marketplace  Dubbed the Industry Marketplace, Iota’s new product is a joint initiative that aims to accelerate industrial automation and commercial machine interaction, the organization announced in a blog post on Sept. 19. Serving as a vendor and industry-neutral platform that automates the trade of physical and digital goods and services, the blog claims the Industry Marketplace to be the world’s first autonomous and decentralized virtual marketplace.  The initiative…

New IMF Blog Considers Pros and Cons of Adoption of Stablecoins

The International Monetary Fund (IMF) has released a blog in which it outlines the potential benefits and downsides associated with the adoption of new digital payment methods, including stablecoins. In its recently published blog entitled “The Rise of Digital Money,” the IMF said stablecoins — digital currencies pegged to a physical asset or fiat currency and designed to minimize price volatility — could bring significant benefits to customers and society but are not without risks. The benefits, risks and regulatory issues The IMF said banks could lose their role as intermediaries, as the…

North Korea Expected to Launch Its Own Cryptocurrency Similar to Bitcoin

North Korea has set plans in motion to create its own cryptocurrency that will be similar to Bitcoin or other cryptocurrencies. The crypto will help the country avoid international sanctions and evade the global US-dominated financial system. North Korea to Introduce Own Crypto A representative of the regime has indicated that the planned cryptocurrency will be the same as the other cryptocurrencies. Alejandro Cao de Benos, the head of the country’s crypto conferences, said that they are currently evaluating products that will offer the digital currency value. For now, the…

Zuckerberg Dines With US Democrats Concerned Over Facebook’s Libra

Facebook’s Mark Zuckerberg had dinner with a handful of United States lawmakers, where he was met with intense scrutiny of Facebook’s proposed Libra stablecoin project. Zuckerberg grilled by Democratic lawmakers According to an article by the Washington Post, on Sept. 19, the Democratic Senator Mark R. Warner said that during a Sept. 18 dinner with Democratic lawmakers, Zuckerberg heard “consistent concerns about privacy, concerns around vile content and how it came to be dealt with.”  The U.S. senator added that members asked specific questions about Facebook’s plans to launch Libra…