Yale Prof and Goldman Sachs Veteran Design DLT-Based Facebook Rival

Mirror Worlds creator David Gelernter and 19-year Goldman Sachs veteran Rob Rosenthal team up for a new social network. A Yale professor and Goldman Sachs veteran are planning to complete a new project of a blockchain-based Facebook rival in 2020. Returning control of data to users David Gelernter, a Yale’s professor of computer science and Mirror Worlds creator, and Rob Rosenthal, a 19-year veteran of Goldman Sachs, are collaborating on a new social network called Revolution Populi, Business Insider reports Oct. 22. Gelernter and Rosenthal are planning to ensure user…

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Germany Warns of Privacy Token Usage in Money Laundering and Terrorism

The German Federal Ministry of Finance has expressed concerns about using privacy tokens due to their association with criminal activities and difficulties to track them down. The German Federal Ministry of Finance has expressed concerns about rising use of privacy tokens due to their association with criminal activities and difficulties in tracking them. Published on Oct. 19, the ministry’s “First Money Laundering and Terrorist Financing National Risk Assessment” for 2018-2019 provided analysis aimed at the identification of existing and future risks in the field of anti-money laundering (AML) and terrorism…

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Ripple Adds Four Members to Regulatory Team, Joins Blockchain Association

San Francisco-based blockchain startup Ripple has announced four new appointments to its global regulatory team. San Francisco-based blockchain startup Ripple has announced three new appointments to its global regulatory team and that the company will be joining the Blockchain Association. Per an Oct. 22 blog post, Ripple has onboarded four new members — Craig Phillips, Michelle Bond, Ron Hammond and Susan Friedman — to its global regulatory team based in Washington D.C. Michelle Bond will also sit on the board of the Blockchain Association. Execs with financial sector regulation backgrounds…

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Living on Bitcoin in Europe: From Amsterdam to Prague, No Cash Required

Bitcoin Magazine supplied reporter Colin Harper with a fistful of sats and set him loose in Europe. This is the first installment of his “Living on Bitcoin in Europe” series. Continue reading his adventures over the coming days. Amsterdam and the 40-Hour Day I landed in Brussels with a rucksack filled with the usual miscellany: a 30-gallon hiking pack of clothes and essentials, 3.5 million sats, a belly full of airline food and a constitution that was shrugging off the sluggish comedown of clonazepam and Ambien. This is how the…

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Rep. Warren Davidson: You Have to Defend Money to Defend Freedom

Author of the Token Taxonomy Act and member of the U.S. House Financial Services Committee Rep. Davidson speaks with Cointelegraph ahead of Zuckerberg hearing. In an interview with Cointelegraph on Friday, Oct. 18, United States Representative Warren Davidson gave his thoughts on the Securities Exchange Commission’s (SEC) flawed approach to regulating digital assets as well as Mark Zuckerberg’s upcoming Oct. 23 testimony before the House Financial Services Committee. Congressman Davidson (R-OH) is a figure familiar to many in the crypto world for his role in authoring the Token Taxonomy Act,…

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Banks May Cut Ties With Facebook if Libra Is Launched: ING CEO

Banks may be bound to stop working with social media giant Facebook if the firm launches its Libra stablecoin, according to ING CEO Ralph Hamers. Banks may be bound to stop working with social media giant Facebook if the firm launches its Libra stablecoin, according to ING CEO Ralph Hamers. Bank can choose to “not accept the client” Financial news outlet Financial Times reported on Hamers’ remarks on Oct. 22. Per the report, he explained that institutions like ING have to guard the financial system to prevent criminal activity. Because…

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New Research: Energy DLT Apps’ CAGR to Surge 67% Over the Next Decade

Global blockchain apps to generate $19 billion in cumulative revenue over the next decade, hitting an annual market size of $7.7 billion in 2028. Energy blockchain applications are expected to see a 67% compound annual growth rate (CAGR) over the next ten years, according to new research. Annual market size to reach $7.7 billion in 2028 Navigant Research, Colorado-based market research and consulting team, has released a report devoted to the development of blockchain applications in the energy industry on Oct. 22. Titled “Energy Blockchain Applications Overview,” the research provides…

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Op Ed: Why Argentina Needs Bitcoin

Argentina’s presidential elections are set to take place on October 27, 2019. Irrespective of who comes out on top on election day, all eyes will be on the country’s economic aftermath. Argentina’s economy is not in good shape. Inflation is projected to be at 53 percent by December 2019, and there are rumors that Argentina may be about to default on its debt, potentially making it the fifth time it’s defaulted in the last 40 years. Even with a supposedly reform-minded president like Mauricio Macri, Argentina’s economic flaws persist. Above…

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Kik Messenger Saved From the Verge of Shutdown

Kik almost went to the verge of shutting down because of its lawsuit with the SEC. A buyout from MediaLab saved it. On Oct. 13, Canadian social media and messaging app Kik revealed it’s “here to stay.” This was an apparent reversal from what the company’s CEO, Ted Livingston, said in a blog post — that it was considering shutting down. It became clear just five days later why it was “here to stay.” A Santa Monica-based holding company, MediaLab, had signed an agreement with Kik Interactive to buy its…

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‘No Borders’ — Alistair Milne Sends Bitcoin Instead of $2.6K Gold Bar

Following a giveaway announcement in September, Alistair Milne gives away Bitcoin instead of a $2,600 Denarium gold bar. Bitcoin (BTC) investor Alistair Milne was eventually forced to send Bitcoin instead of a $2,600 gold bar as part of his recent giveaway. Following a giveaway announcement on Sept. 19, Milne has revealed the winner as well as other giveaway details in a thread on Twitter on Oct. 22.  Giveaway background As originally envisaged, Milne should have given away a $2,600 Denarium Bitcoin Decennium 2019 as part of the giveaway with the…

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