fbpx

#NewsFridayDigiFinex 2020 Week 9

Cryptocurrencies



Get the latest crypto news of the week with #NewsFridayDigiFinex!

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

You can share this post on

Share on facebook
Share on twitter
Share on telegram
Share on whatsapp
Share on reddit
Share on linkedin
Reletad Post

NFT Authentication: Combating Fake NFTs and Scams

NFT real estate is virtual property you can purchase on a metaverse platform. 

There are many use cases for NFT real estate but it is most commonly used as a space to socialize, work, and game.

The value of NFT real estate can be affected by its utility, project, and demand. 

Thanks to blockchain technology, the tokenization of real-world assets (such as real estate) has made the industry’s processes more efficient, transparent, and secure.

How Do I Avoid Transaction Problems on DigiFinex P2P?

From 2020 to now, many public blockchains such BSC, Solana, Polkadot, and Avalanche raced to take over ETH’s users and market. Their advantages on low gas fee and quick transaction time made ETH eager to release effective Layer2 program to expand the capacity. Since Arbitrum was released, its ecosystem grew up rapidly and already owned many mature and popular featured projects on different race tracks.

Will Twitter become a Web3 platform with the leadership of Elon Musk?

NFT real estate is virtual property you can purchase on a metaverse platform. 

There are many use cases for NFT real estate but it is most commonly used as a space to socialize, work, and game.

The value of NFT real estate can be affected by its utility, project, and demand. 

Thanks to blockchain technology, the tokenization of real-world assets (such as real estate) has made the industry’s processes more efficient, transparent, and secure.

What does the Merkle Tree Certificate mean in the Post-FTX era?

From 2020 to now, many public blockchains such BSC, Solana, Polkadot, and Avalanche raced to take over ETH’s users and market. Their advantages on low gas fee and quick transaction time made ETH eager to release effective Layer2 program to expand the capacity. Since Arbitrum was released, its ecosystem grew up rapidly and already owned many mature and popular featured projects on different race tracks.

NFTs in Motion: A New Era For The Entertainment Industry

From 2020 to now, many public blockchains such BSC, Solana, Polkadot, and Avalanche raced to take over ETH’s users and market. Their advantages on low gas fee and quick transaction time made ETH eager to release effective Layer2 program to expand the capacity. Since Arbitrum was released, its ecosystem grew up rapidly and already owned many mature and popular featured projects on different race tracks.

%d bloggers like this: