October 2019 - The Cryptocurrency Network

Libra Gets First Major Political Backer in US Congress

October 18, 2019 adminBacker, Congress, Libra, Major, Political0 comment

Libra, the underfire planned cryptocurrency led by Facebook (NASDAQ:FB), has been dominating headlines in the world of crypto for all the wrong reasons. Regulators on both sides of the Atlantic have been staunchly opposed to the development of the coin, labeling it a threat to the economic and monetary sovereignty of nations. However, in a rare show of political support for Libra, Republican Senator for South Dakota Mike Rounds has written to Anchorage to endorse the project. Anchorage, a South Dakota-based trust fund, is one of the 21 founding chartered…

Blockchain

Bank of Canada Exploring Possibility of Launching a Digital Currency

October 17, 2019 adminBank, Canada, Currency, Digital, Exploring, Launching, Possibility0 comment

Bank of Canada, the Canadian central bank, is exploring the possibility of launching a digital currency that would replace cash and track how people spend their money. The aim of the proposed currency would be to mitigate the “direct threat” posed by cryptocurrencies to the economic sovereignty of governments and central banks, an issue that has featured prominently in the headlines recently amidst intense regulatory pushback on Facebook’s proposed coin, Libra. The proposal was pitched to Stephen Poloz, Governor of the Bank of Canada, and its board of directors in…

Cryptocurrency

Telegram to Delay the Launch of TON Due to SEC Meeting

October 17, 2019 adminDelay, Due, Launch, Meeting, SEC, Telegram, TON0 comment

Over the past few years, Telegram has become an important part of the crypto ecosystem due to its use as a communication platform for traders as well as market enthusiasts. Hence, it did not come as a complete surprise when the encrypted messaging service platform announced the launch of its own blockchain, the Telegram Open Network (TON). Major Details However, it seems to have run into issues with the all-powerful Securities and Exchange Commission. In a new development, the company told its investors that the date of the launch is…

Cryptocurrency

eToro Launches Twitter Sentiment Trading Portfolio

October 16, 2019 admineToro, Launches, Portfolio, Sentiment, Trading, Twitter0 comment

eToro, the Israeli-based brokerage firm, has launched a new portfolio that uses AI to analyze Twitter for the latest social media perceptions of digital assets. The tool, which is called TheTIE-LongOnly CopyPortfolio, is a collaboration between eToro and cryptocurrency analytics firm The TIE. According to The TIE, the platform’s “proprietary machine learning and language processing models ingest 850 million tweets per day, quantifying the positive and negative tone of conversations on Twitter.” The platform then leverages this data and allocates trades based “on positive sentiment, algorithmically rebalancing once per month.” The system is…

Blockchain

Ernst & Young Unveils Blockchain Solution for Government Spending

October 16, 2019 adminBlockchain, Ernst, Government, Solution, Spending, Unveils, Young0 comment

The crypto space has come a long way over the past few years, and so has the blockchain solution space. While it is true that for most people, crypto and blockchain are synonymous, it needs to be kept in mind that the latter is a form of technology that has a wide variety of uses. Nowadays, many of the world’s biggest firms are making attempts to use blockchain technology, and the latest in the line is consultancy giant Ernst & Young. The company announced that it is all set to…

Blockchain

Victory Square Technologies Welcomes New Additions to Advisory Board

October 16, 2019 adminAdditions, Advisory, Board, Square, Technologies, Victory, Welcomes0 comment

Victory Square further expands its advisory team to increase growth and opportunities for shareholders Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed to fast-track growth. The result: rapid scale-up and monetization, with a solid track record of public and private exits. VST portfolio consists of 20 global companies using artificial intelligence (AI), blockchain, virtual and augmented reality (VR/AR) to disrupt sectors as diverse as fin-tech, insurance, health, and gaming. VANCOUVER, British Columbia, Oct. 16, 2019 (GLOBE NEWSWIRE) — Victory Square…

Cryptocurrency

Facebook Officially Launches Libra Despite High-Profile Departures

October 15, 2019 adminDepartures, Facebook, HighProfile, Launches, Libra, Officially0 comment

Libra, the highly-scrutinized planned cryptocurrency led by Facebook (NASDAQ:FB), officially launched in Geneva yesterday despite several high-profile defections from the project last week. Libra Launches With 21 Chartered Members The Libra Association, the non-profit governing body of the digital currency, officially signed on 21 charter members at a meeting at its Swiss headquarters. The association was originally made up of 27 members; however, the high level of regulatory scrutiny leveled at the project led to several prominent defections in recent weeks. These include Visa (NYSE:V), PayPal (NASDAQ:PYPL), and Mastercard (NYSE:MA),…

Blockchain

NASDAQ Launches AI-Powered CIX100 Crypto Index

October 15, 2019 adminAIPowered, CIX100, Crypto, Index, Launches, Nasdaq0 comment

Even a couple of years ago, the crypto index was seen as something that was firmly outside the formal financial system. However, things have changed dramatically over the course of the past two years. In a new development, it has now emerged that NASDAQ, one of the world’s biggest stock exchanges, has listed a crypto index, called CIX100. CIX100 is going to be fully powered by artificial intelligence and is going to list the top 100 cryptocurrencies in the world by market cap. Key Development CIX100 is going to track the…

Blockchain

LiteLink Announces Launch of PerfectRoute, a Route Planning and Fleet Optimization Solution

October 15, 2019 adminAnnounces, Fleet, Launch, LiteLink, Optimization, PerfectRoute, Planning, Route, Solution0 comment

VANCOUVER, British Columbia, Oct. 15, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF)(FRA:C0B) , a key player in logistics and payment solutions, is pleased to announce PerfectRoute, a delivery route planning and fleet optimization solution for all types of vehicles designed for last-mile delivery, powered by the 1SHIFT Logistics platform. With the global route optimization software market expected to reach US$5.07 billion by 2023, compounded with today’s increasing pressure to lower costs of transportation and logistics. Route optimization will be provided to enterprise customers via Litelink’s flagship 1SHIFT platform, but…

Cryptocurrency

Mark Zuckerberg to Testify Before Congress Over Libra

October 11, 2019 adminCongress, Libra, Mark, Testify, Zuckerberg0 comment

Facebook CEO Mark Zuckerberg will defend the proposed Libra cryptocurrency in a testimony before the House Financial Services Committee on October 23. The highly scrutinized proposed cryptocurrency, which is being led by Facebook (NASDAQ:FB), has come under fire from regulators on both sides of the Atlantic due to its potential threat to monetary sovereignty. Now, Zuckerberg must defend the plans before US lawmakers for a third time when he speaks at a hearing entitled “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors.” Previously, Libra had…