Monday, July 22Your Daily Bitcoin & Altcoin News Portal

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Money and Democracy: How the Elite Manipulated Ledgers and Created a Social Ranking System – Bitcoin News

Money and Democracy: How the Elite Manipulated Ledgers and Created a Social Ranking System – Bitcoin News

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Please share if you find this article interesting. Money and Democracy: How the Elite Manipulated Ledgers and Created a Social Ranking System - Bitcoin News Money is one of the most important but least understood manmade tools in existence. For more than 5,000 years humans have used a tool of exchange called money to facilitate trade. During this timespan, the evolution of money has evolved into a system of information, a social contract, and a ranking system. Also Read: IRS Agents Propose Draconian Tactics to Investigate Bitcoin Users Introducing the General Ledger The evolution of money has a fascinating history and the birth of the Bitcoin network transformed society’s concept of the subject into something altogether new. In its simplest form, money is simply information, so
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Blockchain Project Aims to Apportion and Tokenize the Moon

Blockchain Project Aims to Apportion and Tokenize the Moon

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Please share if you find this article interesting. Blockchain Project Aims to Apportion and Tokenize the Moon A new blockchain project has launched a registry that would divvy up and tokenize portions of the lunar surface.  Dubbed Diana — after the Roman goddess of the hunt and the moon — the project launched on July 19, just one day before the 50th anniversary of the Apollo moon landing. The goal of this project is purportedly to “secure the possible right of man to the Moon to propose a solution to 'who owns the moon.'” A lunar registry will reportedly secure access to the moon as it is ostensibly becoming more probable that governments will exploit space for its wealth of resources: “The Diana project aims to clearly define the possible rights of mankind to the Moon, given th
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Iran Finalizes Electricity Pricing Scheme for Cryptocurrency Miners

Iran Finalizes Electricity Pricing Scheme for Cryptocurrency Miners

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Please share if you find this article interesting. Iran Finalizes Electricity Pricing Scheme for Cryptocurrency Miners The Iranian Economic Commission has reportedly finalized a tariff scheme for cryptocurrency miners, according to a July 21 report from Iranian economic daily Financial Tribune.  Per the report, Energy Minister Homayoon Ha’eri announced that, while the tariff scheme has been finalized, it is awaiting approval from the Cabinet of Iran — a governmental body consisting of various ministers and other officials chosen by the president.  While Ha’eri did not elaborate on the exact price scheme, he stated that the price is dependent on market factors such as fuel prices in the Persian Gulf.  The head of Iran Electrical Industry Syndicate, Ali Bakhshi, previously proposed
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Number of Crypto Notables on Buffett Lunch Guest List Grows

Number of Crypto Notables on Buffett Lunch Guest List Grows

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Please share if you find this article interesting. Number of Crypto Notables on Buffett Lunch Guest List Grows Justin Sun, the founder of Tron and winner of the annual auction for a lunch with renowned investor Warren Buffett, has invited more notable figures from the crypto industry to attend.  Earlier today, July 21, Sun invited the founder and CEO of trading platform eToro, Yoni Assia, to the lunch with the chairman and CEO of Berkshire Hathaway via tweet. Assia quickly responded saying, “Justin, it is my honor to join you for lunch with @WarrenBuffett. A big step for bridging between the traditional finance world and the new one!” Yesterday, Sun invited the head of the Binance Charity Fund, Helen Hai. Hai reportedly responded within minutes and said the luncheon would be an o
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European Central Bank Exec: Libra Won’t Launch Until Regulators Are Satisfied

European Central Bank Exec: Libra Won’t Launch Until Regulators Are Satisfied

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Please share if you find this article interesting. European Central Bank Exec: Libra Won’t Launch Until Regulators Are Satisfied Benoit Coeure, a board member of the European Central Bank, said that Facebook’s Libra coin will not launch until global regulators are satisfied.  Speaking to Reuters at the G7 summit in Chantilly, France on July 18, Coeure said that the proposed stablecoin must be guaranteed to be safe for users before it can launch: “You’ve got to be safe, robust and resilient from day one. It’s not a learning process: either it works or it doesn’t.” Coeure stated that guaranteeing the protection of user privacy and ownership rights may require significant consideration and lengthy discussion by regulators: “Down the road we might find that there are gaps or incon
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Hodler’s Digest, July 15–21: Libra Special! Top Stories, Price Movements, Quotes and FUDs of the Week

Hodler’s Digest, July 15–21: Libra Special! Top Stories, Price Movements, Quotes and FUDs of the Week

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Please share if you find this article interesting. Hodler’s Digest, July 15–21: Libra Special! Top Stories, Price Movements, Quotes and FUDs of the Week Coming every Sunday, the Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week Libra hearings: Hostility and criticism as Congress grills Facebook executive A godsend to drug dealers. More dangerous than 9/11. A global economic threat. Congress was given two days to grill the head of Facebook’s Calibra wallet, David Marcus, over the upcoming Libra cryptocurrency, and it didn’t hold back. The Senate Banking Committee went fir
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Bank of America Files Patent for Settlement System Citing Ripple

Bank of America Files Patent for Settlement System Citing Ripple

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Please share if you find this article interesting. Bank of America Files Patent for Settlement System Citing Ripple Bank of America has filed for a patent for a settlement system citing the Ripple ledger, according to a filing on Google Patents. The patent in question — the application of which was published on June 6 — describes a system using distributed ledger technology (DLT) as an interbank communication tool. The proposed system would enable real-time settlement with transactions being communicated through a shared, decentralized ledger to which both the banks would have access. The decentralized network would both verify the identity of the payer and the payee and enable communication between the institutions. Notably, multiple illustrations included in the patent explicit
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Iran Has Not Issued Any Licenses for Importing Crypto Mining Equipment

Iran Has Not Issued Any Licenses for Importing Crypto Mining Equipment

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Please share if you find this article interesting. Iran Has Not Issued Any Licenses for Importing Crypto Mining Equipment Iran’s customs administration has not issued licenses for importing digital currency mining equipment into the country due to the absence of approval from the government. Deputy President of the Islamic Republic of Iran Customs Administration (IRICA) Jamal Arounaghi said that the agency has not issued any licenses for importing cryptocurrency mining devices into the country, multilingual Tehran-based news outlet Mehr News Agency reported on July 21. While cryptocurrency mining equipment is banned in the country, IRICA has determined a tariff rate for its import, defining it as related to the computers and central processors. Arounaghi noted that the presence o
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Samourai Wallet: Wasabi’s CoinJoin Management Lacks Privacy

Samourai Wallet: Wasabi’s CoinJoin Management Lacks Privacy

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Please share if you find this article interesting. Samourai Wallet: Wasabi’s CoinJoin Management Lacks Privacy The official Samourai Wallet Telegram account raised concerns over the alleged lack of privacy ensured by the CoinJoin implementation of competing wallet Wasabi on July 18.  According to Samourai Wallet, Wasabi wallet CoinJoin transactions are often not as private as they are purported to be. The company pointed out: “With Wasabi if you are mixing 10 BTC [Bitcoin], I can trivially track that 10 BTC as it is peeled down into smaller UTXOS (unspent funds). [...] Additionally Wasabi outputs are in the order in which they are registered, allowing you to make educated guesses that cluster outputs that you can later cross reference when inputs are inevitably merged to make a
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Deutsche Bank Collapse Could Crash Global Financial Markets – Bitcoin News

Deutsche Bank Collapse Could Crash Global Financial Markets – Bitcoin News

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Please share if you find this article interesting. Deutsche Bank Collapse Could Crash Global Financial Markets - Bitcoin News German financial services giant Deutsche Bank AG is one of the largest and most important economic institutions in the world. Mainly due to self-imposed scandals, the bank is now having to taking drastic measures to stay afloat. Investors everywhere should note that if such a critical piece of the too-big-to-fail banking system falters, it could trigger another global financial crisis. Also Read: Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin Deutsche Bank Struggles to Survive Deutsche Bank AG, the largest banking services group in Germany with well over a trillion dollars worth of assets under management, has been a ma