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Litecoin’s Charlie Lee claims MimbleWimble scales better

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Litecoin’s Charlie Lee claims MimbleWimble scales better
Cointelegraph
 Published Few hours ago
Litecoin’s Charlie Lee claims MimbleWimble scales better 
Litecoin creator, Charlie Lee has been vocal about LTC becoming a privacy coin in the near future. Lee had on-boarded Grin developer, David Burkett to implement the MimbleWimble [MW] protocol and use extension blocks for scalability and privacy on the network. Noting fungibility as one of the important properties of money that had been missing from Litecoin, Lee said implementation of MW protocol might get them halfway there. Scalability has been the main concern for most coins, but according to Charlie MW scales better than Bitcoin. Read Full on Cointelegraph

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Gemini Takes Key Step for Europe Expansion
Decrypt
 Published Few hours ago
Gemini Takes Key Step for Europe Expansion 
New York-based cryptocurrency exchange Gemini takes another key step toward its eventual launch in Europe. Gemini Europe, a division of the Cameron and Tyler Winklevoss-led exchange and crypto custodian, announced the hiring of Blair Halliday, former Circle compliance lead, as its new chief compliance officer. Halliday will also serve as Gemini Europe’s money-laundering reporting officer. Among Halliday’s duties will be to keep the firm's European division compliant with all relevant crypto and blockchain-focused legislation. Read Full on Decrypt

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Bakkt delivered 1,600% more Bitcoin this month
Decrypt
 Published Few hours ago
Bakkt delivered 1,600% more Bitcoin this month 
The amount of Bitcoin that was physically delivered in January on Bakkt has increased by 1,600% in recent weeks. Bakkt is a custodian that holds Bitcoin on behalf of Intercontinental Exchange's Bitcoin futures exchange. Since the futures have the option of being physically delivered, Bakkt is responsible for handing the movement of Bitcoin between traders. So far this month, 230 Bitcoin has been physically delivered, worth $2 million. This is up from last month, when just eight Bitcoin was delivered. Read Full on Decrypt

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Whatsat - Send Private Messages via the Lightning Network
BitcoinLightning.com
 Published Today
Whatsat - Send Private Messages via the Lightning Network 
This week Lightning Labs developer Joost Jager unveiled a decentralized and censorship-resistant experimental new proof of concept that allows LN users to send private messages called Whatsat. The new protocol allows users to send private messages directly via the Lightning Network. The news demonstrates a further expansion of the Lightning Network’s capabilities, as well as, a stronger push for privacy in the space. Read Full on BitcoinLightning.com

bitcoinLN
Draft of India’s National DLT Strategy Calls for State-Run Digital Rupee
Cointelegraph
 Published Today
Draft of India’s National DLT Strategy Calls for State-Run Digital Rupee 
A draft of India’s national strategy on blockchain and distributed ledger technology suggests a digital Indian rupee, and a national blockchain. The National Institute for Smart Governance (NISG), a non-profit public body incorporated by the government of India, has proposed the Central Bank Digital Rupee (CBDR), a digital currency issued on a national permissioned blockchain. NISG “strongly recommended” that the CBDR be issued by India’s government and the country’s central bank, the Reserve Bank of India. Read Full on Cointelegraph

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IBM Secures Patent for ‘Self-Aware Token’ to Record Events of Offline Transactions
Cointelegraph
 Published Today
IBM Secures Patent for ‘Self-Aware Token’ to Record Events of Offline Transactions 
A patent document filed with the United States Patent and Trademark Office describes a system, which relates to financial data processing in an electronic currency platform, as well as to processing e-commerce tokens, which have involved offline transactions. To track and record events of offline transactions, the system incorporates a so-cal

led “self-aware token.” The document further draws a link between the system and a platform for tracking and validating e-currency tokens IBM described in a patent application back in July 2012. Read Full on Cointelegraph

ibmblockchain
Oil Giant Saudi Aramco Buys Into Blockchain Trading Platform Vakt
Cointelegraph
 Published Today
Oil Giant Saudi Aramco Buys Into Blockchain Trading Platform Vakt 
Saudi Arabia’s state oil company, Saudi Aramco, has bought into the blockchain-based oil trading company Vakt. Saudi Aramco’s Energy Ventures branch has bought $5 million in new shares. The investment will be used to develop the platform, with a focus on expansion into the Asian market. In addition to investment, the oil conglomerate’s trading subsidiary Aramco Trading is set to use the Vakt platform. Aramco Trading will add its trading volumes to the blockchain-based platform. Read Full on Cointelegraph

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Cardano Foundation Partners with PwC to Commercialize Cardano
Decrypt
 Published Today
Cardano Foundation Partners with PwC to Commercialize Cardano 
Cardano (ADA) has just spiked 15% following the announcement of a partnership with multinational accounting and consultancy firm PricewaterhouseCoopers (PwC). Charles Hoskinson, CEO of IOHK revealed in a live stream that PwC will consolidate information from IOHK, the Cardano Foundation and Cardano's business arm, Emurgo, to build a commercial strategy for the blockchain project. PwC will be holding a multi-day workshop where the firm will unveil the strategy it will use to promote Cardano adoption to mainstream businesses. Read Full on Decrypt

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Twitter’s Jack Dorsey Is Making Bitcoin ‘As Common As Cash’
Forbes
 Published Today
Twitter’s Jack Dorsey Is Making Bitcoin ‘As Common As Cash’ 
Twitter's chief executive Jack Dorsey is convinced bitcoin is the future. Dorsey has vowed to help bitcoin development through his payments company, Square—which said it's "only a matter of time until instant, low-fee bitcoin payments are as common as cash used to be." Square Crypto, which was created last year by Dorsey to spearhead bitcoin and cryptocurrency development at the company, has said it is focusing on Lightning and building a development kit for bitcoin's Lightning network. Read Full on Forbes

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New Singapore law requires crypto firms to be licensed in the country
The Block
 Published 1 Day ago
New Singapore law requires crypto firms to be licensed in the country 
Singapore’s new payments law has come into force today and it requires all crypto businesses operating in the country to be registered and licensed. The Payment Services Act was first passed in January 2019 and is now enacted, the Monetary Authority of Singapore (MAS) announced Tuesday. It gives the regulator formal supervisory authority over payments firms, including crypto. The Monetary Authority of Singapore said the new law will strengthen consumer protection and promote confidence in the use of electronic payments. Read Full on The Block

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