Category: Cryptocurrency News

3 tough challenges Facebook must solve for its Libra cryptocurrency

On 18 June, Facebook officially launched its Libra cryptocurrency project, which aims to leverage blockchain technologies to create a new stable cryptocurrency backed by a basket of fiat currencies. Facebook says its aim is to enable accessible and affordable digital payments for billions of people, including unbanked and underbanked people across the world. It aims…
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4 ways blockchain could make the internet better

A version of this article was originally published by The Conversation (CC BY-ND 4.0) The internet is unique in that it has no central control, administration or authority. It has given everyone with access to it a platform to express their views and exchange ideas with others instantaneously. But, in recent years, internet services such…
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Dublin Airport is implementing its electric vehicle strategy

Today (17 July) Dublin Airport announced plans to convert its existing fleet of 111 vehicles to low-emission vehicles (LEVs) over the next five years. This is just one of the steps Dublin Airport will take to improve sustainability in a new strategy that includes targets based around carbon, energy, waste, water and the fleet of…
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Google Maps introduces real-time info for Dublinbikes

Over the last few weeks, Google Maps has been preparing to release some useful new features that will make life for commuters slightly more convenient. One of these is a feature that can predict how busy your train or bus is going to be and another relates to bike-sharing services. With data provided by Ito…
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Troublesome black plastic could be recycled to create renewable energy

As efforts to recycle more of our household waste increase, black plastic remains a major problem as many automated recycling machines are unable to identify it on a conveyor belt. However, researchers at Swansea University have found a way to take this troublesome material and give it new life after it’s thrown away. In a…
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Institutional demand for Bitcoin and Ethereum causes Grayscale AUM to nearly triple, reduces exposure to XRP

Grayscale Investments, a New York-based digital currency asset management firm, released its investment report for Q2 2019. The company’s assets under management (AUM), primarily held in its Bitcoin and Ethereum trusts, have almost tripled in the past few months. The growth was largely fueled by institutional demand. According to the Digital Currency Group (DCG) subsidiary,…
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“Zuckbucks” encounters resistance due to Facebook’s damaged reputation, Libra may precipitate unfavorable legislation

Facebook’s Calibra CEO David Marcus took another beating, this time from members of the House, with one lawmaker even scorning the proposed Libra cryptocurrency as “Zuckbucks.” Marcus went before members of the House Financial Service Committee to explain the social media platform’s ambitious proposal to enter the crypto space. During the hearing, which spanned more than…
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Claymore token appears to have exit scammed, all social media accounts deleted

The team behind the Claymore (CLM) token project, a deflationary cryptocurrency launched on the Ethereum blockchain, appears to have pulled an exit scam. This, according to a post from a Reddit user, who revealed that all social media accounts associated with the Claymore token have now been deleted. As explained by its creators, the Claymore…
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Senate hostile towards Libra, Facebook suggests regulators must act or risk losing US dollar dominance to Bitcoin

The focus of the hearing between Facebook’s David Marcus and the Senate on the Libra cryptocurrency was trust—or the lack thereof. Marcus, the head of Calibra, strongly suggested that if the U.S. doesn’t act quickly, Bitcoin could jeopardize the dollar’s dominance. Meanwhile, the Senate Committee was hostile towards the social media giant because of its…
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$60m Series D funding for Patreon will aid expansion

Patreon, the crowdfunding membership start-up that provides creators with the tools to run a subscription content service, announced today (16 July) that it has raised $60m in Series D funding. This round of funding was led by Glade Brook Capital. Previous investors such as Index Ventures, Thrive Capital, Initialized Capital, CRV and DFJ Growth also…
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