#NewsFridayDigiFinex 2020 Week 9


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On this week:

Facebook’s Libra Welcomes Ecommerce Platform Shopify to its Crypto Project!

[Photo by: The Wharton School University of Pennsylvania]

Libra is a digital currency founded by Facebook as a global payment project, backed by many big crypto exchanges such as Coinbase. On 21 Feb, Shopify announced its big move to work with Libra to build towards a payment network that works everywhere. The currency & network has yet to be released

Source: Coindesk

Bitcoin Trial: Crypto Currency Exchange Quoine in Breach of Contract Over Reversal of Trade Orders.

[Photo by: Pexel, Matthew Simmonds]

In April 2017, Quoine reversed 7 trades placed by B2C2’s software, which mistakenly sold 1 ether at 10BTC (~250 times higher than the then market rate). Quoine argued that B2C2 was aware of the incorrectly priced trades and took advantage. However, the court dismissed Quione’s argument, as the B2C2 software would not be aware of this mistake when executing orders. On 24 Feb 20, the Singapore Supreme Court has ruled Quoine a violation of breach in contract and exchange must now pay B2C2 damage fees (to be decided in the next hearing). 

Source: The Straits Time Singapore

After $4.6M Dinner with Justin Sun: Warren Buffett- I Don’t Own Any Cryptocurrencies and I Never Will!

[Photo by: Adam Jeffery, CNBC]

Warren Buffett, CEO and Chairman Berkshire Hathaway, who has been a long-term crypto and Bitcoin skeptic, stated in his interview with Squawk Box that he still doesn’t own any crypto and “will never will”, “you can’t do anything with it except sell it to somebody else.” Seems that the $4.6M bid dinner with Tron founder Justin Sun did not manage to change his mind. </3 Buffett has previously also called Bitcoin a “delusion” and “rat poison”.

Source: CNBC

A Leap in Blockchain Adoption: Dapper Labs Partners with UFC to Bring New Digital Collectibles to the Blockchain!

[Photo by: Cryptotoast]

Dapper Labs, the company behind Crypto Kitties, has announced a new partnership with UFC, the world’s premier mixed martial arts promotion company in America. UFC fans from around the world will have the opportunity to buy, trade and own UFC-branded digital collectibles on its new digital platform on Dappers Lab. This is yet another example of blockchain adoption into other industries & institutions.

Source: Cision

G-20 Urges Countries to Implement Tougher Rules on Cryptocurrencies and adopt rules developed by the Financial Action Task Force.

[Photo by: Pexels, Christina Morillo]

During the summit, representatives from G-20 pressed countries to align themselves with global cryptocurrency security standards. The FATF’s “travel rule” was designed to reduce theft risk, prevent terrorists and money launderers using cryptocurrencies to go around existing controls and autorisations.

Source: Coindesk

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Arbitrum Project Introduction

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Polkadot, the King of Cross-chain Explained

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Fil Mooned Right Away After I Sold It. Am I One of the Weak Hands?

“Fil mooned right away after I sold it. I am the weakest hand in the crypto world.” said one of my friend who has been trading cryptocurrency for many years. He is a user during the public sale and bought FIL at the price of $2. After the FIL is unlocked, he sells coins wildly every day. But even so, he still hates the slow process of unlocking, so he directly sold all the publicly purchased Fil at the price of dozens of dollars.

What is EIP-1559? How will it affect Everyday Users? Will it Pump Up ETH Price?

What is EIP-1559? How will it affect Everyday Users? Will it Pump Up ETH Price? The EIP-1559 we will be talking about in this article is an example of Ethereum improvement proposal. This proposal was first put forward in November 2018 by Eric Conner, an ETH developer. It aims to reform the GAS fee bidding system of ETH, so to reduce the cost for users to transfer money on ETH.

DigiFinex Apollo IEO Project HGOLD Token Sale Announcement & Sponsoring Michael Madsen’s Imprint Ceremony in Hollywood

5 rounds of HollyGold Limited Token Sale came to an end smoothly last Friday, Nov 13rd, 2020. Not only was it a successful token sale, its’ results were indicating a positive growth in the project HollyGold. HollyGold has also sponsored Michael Madsen at his celebratory imprint ceremony in Hollywood recently.

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