Do Wages Need to be Paid in Bitcoin for Retail Adoption to Happen?

Is this a case of chicken and egg? If more retailers accepted Bitcoin, would more employees expect their wages paid in Bitcoin? Or, does Bitcoin need to be viewed more widely as a replacement for fiat first? A recent tweet by Francis Pouliot, CEO of Canadian Bitcoin (BTC) 00 payments startup Bylls began a discussion as to whether retailer adoption of Bitcoin payments is being stalled by the lack of wages paid in Bitcoin. People that earn income in Bitcoin tend to spend bitcoins on goods, services, debts, bills and…

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Ethereum Foundation Grants $120K to Philly Data-Transparency Startup TrueBlocks

TrueBlocks received the award to continue working towards a “fully-decentralized way to access data from any Ethereum address or smart contract.” The money will support the project over the next six months. Transparent Future Company founder, Thomas Jay Rush, envisions a world where transparency is king. To the point where anybody could check an organization’s accounts… in real time. I’m fascinated by what it means to be that transparent and hopefully we can help that happen. A noble goal, perhaps, but not necessarily one that everyone will share. Still, Rush…

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Markets Update: A Narrowing Range of Consolidation and Lower Trade Volumes

Not a lot has changed since our last markets update four days ago as cryptocurrency markets continue moving sideways in a consolidated pattern. The top five digital assets have seen modest northbound gains this week, with increases between 1-5% over the last seven days. This Sunday, Oct. 21, the entire cryptocurrency economy of over 2,000 digital tokens is valued at $214.4 billion. Also read: New Qart Wallet Gives Bitcoin Cash QR Codes a Personal Touch Boring Market Action Often Leads to Something Unexpected It’s been a lackluster week for cryptocurrency traders…

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Celebrity ICO Endorsers Face Legal Blowback Over Alleged Fraud

Boxing superstar Floyd Mayweather and rap producer DJ Khaled face a legal battle for serving as celebrity endorsers to an initial coin offering (ICO) accused of fraud. The founders of the allegedly fraudulent ICO were arrested by American criminal authorities back in April. Also Read: The Daily: Goldman Sachs Invests in Wallet, Institutional Traders Borrow $553M ICO Promotion Blowback Celebrity gossip tabloid TMZ reports that Floyd Mayweather and DJ Khaled have been slapped with a lawsuit from investors who accuse them of participating in a multi-million dollar scam. The lawsuit…

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‘Mastering Ethereum’ – Andreas Antonopoulos’ New Book Set to Ship In Early December

Andreas Antonopoulos recently said on Reddit that his new book, ‘Mastering Ethereum,’ is in final production after completing the copy-edit stage. Pre-orders should begin to be mailed by the end of November, with new orders shipped by December 10th. Andreas Antonopoulos’ new book, “Mastering Ethereum: Building Smart Contracts and Dapps,” is now in final production and should be making its way to buyers around early December, according to a Reddit post from Antonopoulos. Described as a book for developers, ‘Mastering Ethereum offers a “Guide to the operation and use of…

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The Daily: Goldman Sachs Invests in Wallet, Institutional Traders Borrow $553M

In today’s edition of The Daily we cover stories about the latest investment in the cryptocurrency space by Goldman Sachs, the amount institutional traders borrowed in the last six months from just one OTC desk, research on state-sponsored hackers, and a new security tool from Coinbase. Also Read: Security Giant G4S Offers Protected Offline Cryptocurrency Storage Goldman Sachs Invests in Bitgo Bitgo, the cryptocurrency security and custody company, announced on Thursday the second close of its Series B funding round, bringing the total raised in this round to $57.5 million.…

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Floyd Mayweather And DJ Khaled Reportedly Sued Over Crypto Scam Participation

Producer DJ Khaled and boxer Floyd Mayweather have allegedly been sued over their involvement as celebrity endorsers with the Centra Tech cryptocurrency scam.   An exclusive report from TMZ said boxer Floyd Mayweather and well-known producer DJ Khaled are involved with a lawsuit claiming they participated in the Centra Tech cryptocurrency scam. Reporting from the outlet said a class action lawsuit noted how the duo were celebrity endorsers who promoted the virtual currency on social media. The TMZ report said investors are looking to get their money back, plus damages,…

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US Federal Court Fines Bitcoin Ponzi Schemer Over $2.5 Million

A U.S. federal court has fined a New York firm and its chief executive officer over $2.5 million in the first anti-fraud action involving bitcoin filed by the Commodity Futures Trading Commission. The Ponzi scheme involved a fake pooled investment strategy and a “fake computer ‘hack’ that supposedly caused the loss of nearly all customer funds,” the derivatives regulator detailed. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space CFTC’s First Bitcoin Anti-Fraud Action The U.S. Commodity Futures Trading Commission (CFTC) announced on Thursday that a New York federal court has…

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World’s Biggest Banks Helped Clients Steal $63 Billion in Taxes in Europe

Europe’s top banks allegedly helped wealthy clients across the continent steal 55 billion euros ($63 billion) from multiple governments by making tax reclaims to which they were not entitled, an investigation has revealed. The theft centred around a complex scheme of trading stocks that also involved hedge funds and large international commercial law firms. Also read: $50 Million Bitcoin Mining Farm Opens in Armenia Undercover Journalists Uncover ‘the Biggest Tax Swindle in the History of Europe.’ The undercover probe by 37 journalists from 12 countries shows that about a dozen European countries are…

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Blockchain Could Track the Globe’s Gold Bullion by 2019

The London Bullion Market Association (LBMA) is to create a set of standards for blockchain-based gold tracking, as well as an oversight committee to approve and monitor technology providers. Ethical sourcing is becoming critical in such a high-value sector as precious metals. It will become even more important as reserves of metals such as gold diminish and scarcity develops. Proving the origins of gold could prevent smuggling from developing countries where mining practices can threaten lives and damage the environment. It ensures that everyone involved in the supply chain, including…

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