Cryptocurrency 

PayPal Might Quit Facebook’s Libra Project

When it comes to the payments space, there is no other company that has a reputation as big as that of PayPal (NASDAQ:PYPL). Hence, when it emerged that the payments giant was going to be a part of the Libra Association, there was a lot of anticipation about the sort of product Libra was going to be. Key Details However, according to the latest reports, it has emerged that PayPal is now considering pulling out of the Libra Association. The reason behind the decision is tied to the regulatory issues…

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Bitcoin 

Bitcoin Owners Are Giving Away Altcoins to Support TOR Project

On the lighter side of things in the cryptosphere, some Bitcoin (BTC) owners have been donating altcoins to the TOR Project — a nonprofit organization primarily responsible for running “The Onion Router.” For some Bitcoiners, the trend is a way of killing two birds with one stone — supporting the TOR Project and getting rid of “shitcoins.” As for the latter half of the equation, Bitcoiners appear keen to extend the running gag of altcoins being worthless. “Donate shitcoins, stack sats” Earlier in September, Bitcoin maximalist and co-host of the “Tales from…

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Blockchain 

Major South Korean Mobile Carrier Launches Blockchain Project

Union Mobile, the fourth-largest mobile carrier in South Korea, announced the launch of its blockchain project called ELYNET. Using blockchain to make communication more efficient  On Sept. 11, Union Mobile announced that ELYNET aims to use blockchain technology to make telecommunications more efficient for those users who rely on a single carrier for telecom service. ELYNET will purportedly allow users to freely use data communication services without roaming fees and contracts. Union Mobile’s CEO Seyong Ro explained that the platform will launch with an accompanying token, stating: “This will help…

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Blockchain 

Bitcoin SV Devs to Offer ‘Office Hours’ for Project Assistance, Consulting

Bitcoin SV blockchain developer and blockchain organization service Open Directory creator synfonaut has launched a consulting service called Office Hours. This service connects developers in need of assistance with experienced Bitcoin SV devs, for help on Bitcoin SV projects.  Synfonaut announced the service’s launch in a Twitter post on Aug. 15. As per the platform’s  website, users can reach out to over a dozen professional developers for help on a product or service. This apparently provides a way to chat with a knowledgeable dev, in sessions that typically take an…

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Blockchain 

New Blockchain-Based Smart City Project Planned for Cambodian Capital

A Singaporean startup, Limestone Network, is using blockchain to sustain a smart neighbourhood at the heart of the Cambodian capital. As Tech in Asia reports on August 14, the 100-hectare mixed-use development in Phnom Penh encompasses residential properties, offices, retail centers, schools and a large-scale exhibition hall: it counts 10,000 business tenants and a daily population of 190,000. Limestone emerged from the first round of startups in the Singaporean government’s blockchain Tribe Accelerator, backed by government agency Enterprise Singapore.  Digital passports and wallets At the heart of the Phnom Phen…

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Blockchain 

Bitmain Accuses Cryptocurrency Project of Impersonation

Cryptocurrency mining hardware manufacturer Bitmain has accused a cryptocurrency project of falsely using its name in the promotion of a product dubbed Mangocoin (MNG). In an Aug. 9 blog post, Bitmain states that it came across a fraudulent use of its brand in the sale of a product dubbed “Bitmain Cloud Miner” and in the promotion of Mangocoin. The fraudsters allegedly masqueraded as Bitmain and promoted the products on their website, application and software. Bitmain thus warned the public that Mangocoin and its social media accounts, website, application and dedicated…

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Bitcoin 

Litecoin Founder Charlie Lee Addresses Project Abandonment Allegations

Litecoin (LTC) founder Charlie Lee has addressed recent project abandonment allegations. In a series of tweets published on Aug. 10, Litecoin founder Charlie Lee addressed allegations that Litecoin did not have further plans for the coming year: “Recently there’s been a lot of FUD about Litecoin having no code commits in 2019. When you look at Litecoin GitHub, it would seem like we did no work in 2019. There are actually 2 reasons why this is the case even though we have been developing.” The first reason Lee provided for…

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Blockchain 

Walmart Crypto Project More Agreeable to Lawmakers Than Libra

A senior policy analyst at investment banking corporation Cowen, Jaret Seiberg, said that Walmart’s proposed digital coin should not face as much regulatory pushback as Libra, Facebook’s proposed virtual currency. As Bloomberg reports on Aug. 5, Seiberg also added that Walmart’s crypto may have a demographic appeal to Democratic legislators who are keen to find an alternative financial infrastructure for people who do not regularly use banks. According to Seiberg, Libra and Walmart’s crypto proposal differ in scale. Seiberg comments that Facebook has global intentions which do not appear to…

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Bitcoin 

Project Manager at Square Crypto Stresses Focus on Bitcoin in Twitter AMA

Steve Lee, a project manager at Square Crypto — the crypto arm of the payments company Square — made a number of recent remarks that solidify the company’s emphasis on Bitcoin (BTC). Lee commented to this effect in the course of an “ask me anything” (AMA) session via Twitter on July 29. Jack Dorsey had previously discussed how Square Crypto aims to develop the crypto ecosystem in general, and is taking steps to improve infrastructure for all — not just Square.  However, the recent AMA indicates that Bitcoin is playing…

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Ethereum 

Blockchain Project Aims to Apportion and Tokenize the Moon

A new blockchain project has launched a registry that would divvy up and tokenize portions of the lunar surface.  Dubbed Diana — after the Roman goddess of the hunt and the moon — the project launched on July 19, just one day before the 50th anniversary of the Apollo moon landing. The goal of this project is purportedly to “secure the possible right of man to the Moon to propose a solution to ‘who owns the moon.’” A lunar registry will reportedly secure access to the moon as it is…

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