Libra Vice Chair Unconcerned By High Profile Departures

Dante Disparte, Vice-Chair of the Libra Association, said that he was unconcerned by recent high-profile departures from the project just two weeks after Vodafone became the latest name to ditch the proposed digital coin. Speaking to CoinDesk at the World Economic Forum in Davos last week, Disparte said that the Libra project was picking up pace despite huge regulatory resistance to the project and the departure of several of the association’s initial supporters, namely Mastercard, Visa, and Vodafone. He also said that the door remains open for those firms to…

Crypto Fraud Now Exposing Legacy Banks to Compliance Issues, Reports CipherTrace

The nature of cryptocurrency fraud is shifting away from exchange hacks, and toward Ponzi-style frauds, pyramid schemes and exit scams. A massive 533% rise in the value of such crimes means that as misappropriated funds are laundered, the traditional banking system is increasingly exposed to risk under upcoming Financial Action Task Force (FATF) rules. That’s the conclusion reached by CipherTrace, a cryptocurrency intelligence firm, in a report released today. The Travel Rule requires virtual currency businesses to “obtain, hold and transmit required originator and beneficiary information in order to identify…

ConsenSys Project Launches ‘Proof-of-Use’ Network to Discourage Speculation

A ConsenSys token platform launching its first token project Tuesday hopes to support ethereum projects while discouraging speculative investing and trading in their tokens. Activate – a decentralized token network that actively polices speculative token making – announced it was going live with SKALE, an ethereum scaling project, as its first partner. The project is also partnering with the NODE Foundation, a nonprofit focused on promoting the SKALE network. Activate is part of ConsenSys Codefi, an ethereum-based operating system for decentralized finance products.  Activate sets standards for the purchase, distribution…

BitPay Launches In-Store Crypto Payments With New POS Partnership

Blockchain payments provider BitPay is now taking its service into bricks-and-mortar stores. Through a new partnership announced Tuesday, the firm will be offering cryptocurrency payments at merchants’ point-of-sale (POS) terminals. The effort comes via BitPay’s new tie-up with open commerce platform Poynt, which the announcement says already has a network of POS devices online at over 100,000 retailers globally. “It’s a massive growth opportunity for BitPay,” said BitPay CEO and co-founder Stephen Pair, “and an important milestone in our now nine-year mission to make payments faster, more secure and less…

John Oliver Is Hopelessly Wrong About Prince Harry & Meghan Markle

John Oliver appeared on The Late Show with Stephen Colbert, where he discussed the latest gossip about Meghan Markle and Prince Harry. Oliver mistakenly believes that Harry and Meghan were trapped in a “horrible situation.” His hot take misses the point entirely. Oh great, John Oliver is back in the headlines, talking about Meghan Markle and Prince Harry in that weird, awkward, and not very funny way that he does. His appearance on The Late Show with Stephen Colbert was yet another opportunity for Oliver to throw some jibes at…

Bitcoin SV Will Lose Its Winnings to Top Rival Before May: Analyst

A dollar worth of Bitcoin SV (BSV) purchased at the beginning of 2020 now costs $266. But that has not deterred one analyst to predict a bearish scenario for the fifth-largest cryptocurrency. Alex Saunders, the founder of Australia-based crypto outlet Nugget News, said an outperforming BSV could soon give up all its gains to its top rival asset, Bitcoin, explaining that the cryptocurrency rose on the hype created around its much-publicized hard fork, dubbed as Genesis, as well as its upcoming halving in April 2020. The prominent analyst compared BSV’s…

Dell Among Founding Members of New IOTA Working Group

American computer giant Dell is among 15 companies joining an IOTA working group to explore how the firm’s “Tangle” technology can be integrated into commercial solutions. IOTA and open-source software foundation, Eclipse Foundation announced Tuesday that the new Tangle EE working group will begin working on projects that can help develop viable commercial use-cases for IOTA’s technology. Tangle is IOTA’s scalable distributed ledger network, which, unlike blockchains, employs a system where users confirm transactions as they send new ones. A total of 15 companies have joined the working group as…

A Glimmer of Hope as Coronavirus Deaths Top 1,000

The Wuhan coronavirus has grown to infect 43,119 people claiming over 1,000 lives. Mainland China is the epicenter of the crisis. With 43,119 confirmed cases and 1,018 deaths, the disease has a fatality rate of 2.3%. While the coronavirus death total is rising rapidly, there is a glimmer of hope. Recovery rates are also going up. Quarantined cruise ships of doom, terrifying online videos, and wild conspiracy theories. The Wuhan coronavirus crisis looks, on the surface, like a disaster rapidly slipping out of control. As the new disease’s death rate…

German Bank to Offer Tokenized Securities Based on Stellar

One of the oldest banks in Europe is developing a special-purpose euro stablecoin that can facilitate private placements in tokenized securities. Munich-based Bank von der Heydt, established in 1754, announced Monday it had partnered with blockchain financial services provider Bitbond to help integrate tokenization into its established securitization platform. The partnership will allow the bank to tokenize digital securities onto the stellar blockchain, which it can offer to institutional clients via private placements. Tokenization can simplify equity sales and eliminate much of the associated frictional costs, according to the bank.…