Bank of Ireland staff no longer willing to snitch on OneCoin crypto scam
Despite facing calls to testify against the OneCoin scam, Bank of Ireland (BoI) staff have now reportedly pulled back from helping court proceedings voluntarily. According to a court letter filed yesterday, seen by Finance Feeds, the US government is finding it increasingly difficult to secure voluntary testimonies from Deirdre Ceannt, Derek Collins, Diane Sands, and…
IKEA just allowed an invoice to be paid via the Ethereum blockchain
IKEA Iceland has used Ethereum ETH technology to settle an invoice with a local retailer, accepting payment in blockchainified digital cash. Supply chain payments firm Tradeshift facilitated the transfer using an Ethereum-based version of the Icelandic króna created by ConsenSys-backed startup Monerium. A press release confirms the payment was executed on behalf of Nordic Store using smart contracts…
Visa, Mastercard, Stripe, and eBay all quit Facebook’s Libra in one day
Facebucks — Libra has faced hostile reactions from policymakers. Timothy B. Lee - Oct 12, 2019 3:40 pm UTC Getty / Aurich LawsonFacebook's embattled Libra project suffered a major blow on Friday as four payment processors—Stripe, Visa, Mastercard, and Mercado Pago—withdrew from participation in the Libra Association, the Geneva-based group Facebook created to develop the…
Blockchain offers promise for securing global supply chain
Blockchain technology has the potential to transform the global supply chain and improve both the speed and security of handling the flow of goods at international borders. But researchers say big questions remain about how the transformation will unfold. "It's an emerging technology. It's evolving," said Weidong "Larry" Shi, associate professor of computer science at…
SEC puts a stop to Telegram’s cryptocurrency plans in the US
The agency says Telegram didn't register the offering with its office, and since it sees Grams as securities, it's accusing the company of violating the Securities Act of 1933. It's not clear how this restraining order would affect Gram's launch as a whole. Former SEC attorney Zachary Fallon told Bloomberg that it could also complicate…
You can soon bet on Facebook’s ‘cryptocurrency’ Libra missing its launch date
I shouldn’t have to tell you that Facebook‘s upcoming ‘cryptocurrency‘ Libra isn’t having a great time. With every passing day, and every new headline, it seems less likely that Libra will ever launch, let alone on time. Well, if you’re skeptical and think Libra is going to be delayed, you can take a shot at…
Satoshi Nakaboto: ‘Chinese congress passes ‘crypto law’ after president’s endorsement of blockchain’
Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Baudriallard used to say: There’s only one way to go from here! Bitcoin Price We closed the day, October…
New OpenLibra Cryptocurrency: Like Libra, But Not Run By Facebook
New OpenLibra Cryptocurrency: Like Libra, But Not Run By Facebook (mashable.com) Posted by EditorDavid on Sunday October 13, 2019 @07:34AM from the open-governance dept. "While Facebook's upcoming cryptocurrency Libra struggles to keep partners on board and regulators happy, an alternative called OpenLibra is here to address some of Libra's potential shortcomings," reports Mashable: Announced at…
Icertis raises $75 million to automate contract management
Update: A previous version of this article suggested that Icertis had raised $75 million. The amount is actually $115 million. There’s more to managing contracts than most folks realize. Deals between companies of a certain size must be executed to the letter after they’re drawn up and finalized, and then continuously analyzed to reduce financial…
China’s tech race with the US heats up as it readies to launch its...
China, notorious for its lack of privacy, approved a new law to regulate cryptography over the weekend as it readies to launch its own digital currency. The law will come into effect on January 1, 2020, and although officials haven’t gone into too much detail about it, reports say that permissions granted could vary depending…
