Libra Association Seeks Swiss Payments License for Stablecoin

Facebook is seeking a payment system license under Switzerland’s Financial Market Supervisory Authority (FINMA) for its planned Libra stablecoin network. The Libra Association, or which Facebook is a member, is seeking a payment system license under Switzerland’s Financial Market Supervisory Authority (FINMA) for its planned stablecoin project, Reuters reported on Sept. 11.  “Regulated, low-friction, high-security” blockchain payments In an official statement today, the Switzerland-registered Libra Association — a not-for-profit membership organization established to govern the Libra network — Dante Disparte, the Libra Association’s head of policy and communications, said of…

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BNY Mellon to Act as Transfer Agent for Bitwise’s Proposed Bitcoin ETF

Bitwise has chosen BNY Mellon to act as transfer agent and administrator for its proposed Bitcoin exchange-traded fund. Bank of New York Mellon has been appointed to serve as transfer agent and administrator of  Bitwise Asset Management’s proposed Bitcoin (BTC) exchange-traded fund (ETF).  Bitwise amended the S-1 form that it submitted to the United States Securities and Exchange Commission (SEC) on Sept. 11. The amendment also lists major accounting firm Cohen & Company as auditor, while Boston-based legal firm Foreside Fund Services is listed as the Bitcoin ETF’s marketing agent. …

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Coinbase UK Settles Lawsuit With Victim of Email Phishing Attack

The U.K. arm of cryptocurrency exchange Coinbase settled a lawsuit with a man who lost 80 Bitcoins in an email phishing attack. The United Kingdom arm of cryptocurrency exchange Coinbase settled a two-month legal battle with a man who lost 80 Bitcoins (BTC) in an email phishing attack. Stolen Bitcoin diverted to Coinbase On Sept. 10, legal news site Law360 reported that Coinbase U.K. had reached an undisclosed settlement with Liam Robertson to exit a London-launched litigation after hackers stole 80 BTC (worth close to $815,744) in the attack. Robertson…

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The Hype Has Faded But Demand Remains for Enterprise Blockchains

The days when blockchain was portrayed as a cure-all for businesses of all kinds have gone. Now that the hype has faded, enterprise blockchain projects have quietly begun to ship. While some of these initiatives have faded into obscurity, others have prospered, suggesting that there’s life in enterprise blockchain yet. Also read: David Chaum’s Elixxir Invites Smartphone Users to Test Private Messaging After a Shaky Start, Enterprise Blockchain Adoption Ramps Up When IBM and shipping giant Maersk teamed up to create a blockchain solution for supply chains, the two goliaths…

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LocalBitcoins: Tor Browser Users at Risk of Losing Their Bitcoins

Finland-based P2P crypto exchange LocalBitcoins warned users about alleged security risks associated with Tor Browser. Finnish peer-to-peer crypto exchange LocalBitcoins has warned users about alleged security risks associated with anonymous browser Tor Browser. On Sept. 9, transactional compliance expert Richard Bensberg tweeted a screenshot of a LocalBitcoins banner warning Tor users about the risk of losing their Bitcoins (BTC), which stated: “Warning to all Tor users: A Tor browser exposes you to the risk of having your bitcoins stolen.” LocalBitcoins then responded to Bensberg, saying that while using Tor Browser…

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Iranian Crypto Miners Tax Exempt If They Repatriate Offshore Earnings

Cryptocurrency miners in Iran will be eligible for a tax exemption if they agree to repatriate their overseas earnings. Cryptocurrency miners in Iran will be eligible for a tax exemption if they agree to repatriate their overseas earnings, according to Iran’s National Tax Administration (INTA). Per a report by local English-lanuage news daily Financial Tribune, INTA introduced a repatriation tax exemption similar to the one it offers non-oil exporters. INTA considers cryptocurrency mining a taxable business, like any other industrial activity, and as such, believes it should follow the requirements…

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Tezos Foundation Issues Batch of Grants to Smart Contract, Explorer Projects

The Tezos Foundation has issued a number of new grants to projects that focus on various aspects of developing the Tezos network. The Tezos Foundation has issued grants to projects submitted in response to its latest request for proposals. Per a Sept. 10 announcement, the foundation has released 14 new grants to projects targeting the advancement of the Tezos project. Recipient projects prioritized developments such as applications built using Tezos smart contracts, Tezos block explorers, tools for smart contract development, Tezos-focused training resources and marketing initiatives that improve awareness of…

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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 ELYNET. 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…

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VanEck Now Offering Bitcoin Financial Product for Institutional Investors

CEO of VanEck Associates Jan Van Eck said that the company is now offering a type of exchange-traded product with exposure to Bitcoin. The CEO of investment management firm VanEck Associates, Jan Van Eck, said that the company is now offering a type financial product with exposure to Bitcoin (BTC). In an interview with CNBC on Sept. 11, Van Eck said that the product offered by the firm is a broker-traded fund and is currently not available to the public, but to institutional investors only. Van Eck further specified that…

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California City Official Uses Bitcoin Cash to Purchase Cannabis

In California, cryptocurrency payments are making headway in the cannabis industry as Berkeley City Councilmember Ben Bartlett became the first elected official to purchase cannabis using a digital asset. On Tuesday, Bartlett utilized bitcoin cash (BCH) and Cred’s LBA token to facilitate the transaction at the Ohana Cannabis dispensary in Emeryville. Also Read: Bitmain Launches Next Gen Miner as Bitcoin Hashrate Touches 100 Exahash BCH and the Universal Dollar Stablecoin Used by an Elected Official to Purchase Cannabis in California Cryptocurrency enthusiasts have long dreamed of the cannabis industry and…

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