Money Printing Hasn’t Stopped: Sleepwalking Towards A New Crisis

Almost all crypto supporters unanimously agree that Satoshi Nakamoto created bitcoin to combat the financial system. While some believe that fiat currencies should be completely abolished due to their history, others claim that if money printing stops and a form of backing like the gold standard is introduced, there should be no issues for fiat and crypto to coexist. It seems that however, money printing is by no way ready to stop and the Federal Reserve, just this month, printed more money than the entire bitcoin market cap. More than…

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SIM Swap Victim at Crossroads After Failed Lawsuit Against AT&T

Last year, CoinStaker reported on the lawsuit filed by Michael Terpin against AT&T. Terpin claimed that the mobile giant misused his personal information, which resulted in hackers stealing over $24 million worth of crypto from his accounts. Who would have thought that an ordinary person suing a mega corporation would have no results? Terpin, like many others, tried to go against something way bigger than himself and failed. Even though it looks like there is no hope for retribution for AT&T, Terpin decided to try his luck and write an…

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Blockchain Voting Still Has to Improve Before Mass Adoption

According to Nir Kshetri, a management professor at the North Carolina University, blockchain voting is still not safe. He believes that in order for blockchain voting to be considered safe and trustworthy, many underlying issues must yet be solved. In the article he published last week, Kshetri reveals that the small-scale tests which have been run so far have revealed many problems and vulnerabilities in the digital systems and government administrative procedures. In order for the technology to be massively adopted, all of these issues must be removed. According to…

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National Currency-Pegged Stablecoins Are an Option for Libra

Last week could definitely have been better for Libra. Many of the initial members of the Libra Association left the project while there are still some on the verge of following. PayPal’s official departure was just the beginning as a mass exodus due to regulatory concerns followed shortly. Libra is now reportedly open to using national currency-pegged stablecoins for the project’s future development. According to a Reuters report, the head of Libra’s project and CEO of the wallet service Calibra David Marcus, Libra is now considering the usage of various…

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Cointelegraph Ban Enforced in Russia: No Explanationby Roskomnadzor

Truth fears no investigation, or at least that’s what we’re fooled into believing. It’s become a very common occurrence for governments to silence platforms that do not parrot their narratives. Earlier today, Russia blocked one of the most well-known and respected crypto outlets, Cointelegraph. The Cointelegraph ban is something which many people expected to happen sooner or later. The website has been blocked in Russia since 2017, but the Cointelegraph ban was implemented on a technical level just yesterday. All such nation-wide bans, are done by the Russian Federal Service…

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18 Millionth Bitcoin to be Mined Today: Implications

Today will most likely be the day when the 18 millionth bitcoin will be mined. The co-founder of the investment company Morgan Creek Digital Assets Anthony Pompliano emphasized that there are only 3 million left. This Friday the 18 millionth Bitcoin will be mined. There are only #3MillionLeft Let’s make this hashtag trend so the world can learn about Bitcoin — Pomp (@APompliano) October 15, 2019 Pompliano is attempting to use this information to spread awareness about bitcoin: “There’s only #3MillionLeft. Let’s make this hashtag trend so the world can…

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Karma Automotive Now Accepting Crypto Payments for Luxury Vehicles

It’s been known for quite some time now that the future is in electric vehicles. Most experts unanimously agree that we have used oil and gas for far too long already. One California-based electric car manufacturer is attempting to synergize the future of automobiles with the future of finance. Karma Automotive has officially begun to accept digital currency as a form of payment in one of its Newport Beach stores. Lance Zhou, Karma Automotive’s CEO stated: “We are very excited to open our platform to serve as testing ground for…

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Ripple Finastra Partnership Announced: Future of Finance

Ripple has entered an official partnership with one of the biggest financial services technology company in the world – Finastra. The Ripple Finastra partnership will see Finastra customers get access to the RippleNet blockchain network. Yesterday, the cooperation became more than rumors and now officially, over 200 of Ripple’s current clients will be able to make use of Finastra’s banking network, which is basically 48 out of 50 of the world’s top banks. Finastra might sound like a new company to many, because it was formed back in 2017. The…

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Chinese Monopoly is a Real Possibility if Libra Fails to Launch

Ever since its announcement, Libra has been accompanied by controversies. It was recently suggested by RBC Capital Markets analysts however, that an eventual stop to Libra’s release, could essentially give a monopoly to China’s central bank digital currency (CBDC) in the emerging economies. Yesterday’s report from the Market Insider, showed that some RBC analysts believe that China is very pleased to see Libra’s current regulatory and inner struggles. As Coinstaker reported earlier this month, the Libra Association has had a mass exodus starting with PayPal’s depature. After PayPal, MasterCard, Visa,…

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CipherTrace Has Now Expanded Its Platform to Over 700 Tokens

The blockchain security company CipherTrace has just expanded its own unique crypto intelligence platform to 700 tokens. The expanded platform became available worldwide yesterday and clients can now trace nearly 90% of the transactional volume of the top 100 cryptocurrencies. Additionally, CipherTrace’s monitoring support includes the option of monitoring several hundred ERC-20 tokens, according to a company spokesman. Many experts are still curious as to which cryptocurrencies will not be supported on the program. The question about Facebook’s Libra has also popped up instantly. Earlier this month, the Federal Advisory…

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