1. Facebook Releases Cryptocurrency White Paper for Libra Currency
Social media giant Facebook has released the white paper for its long-awaited cryptocurrency and blockchain-based financial infrastructure project today, June 18.
According to the paper, Facebook’s global stablecoin, dubbed “Libra,” will operate on the native and scalable Libra blockchain, and be backed by a reserve of assets ostensibly “designed to give it intrinsic value” and mitigate volatility fluctuations.
[Source: Cointelegraph] ✩✩✩✩✩
2. The Litecoin.Com Foundation Teams Up With Bibox Exchange And Ternio - Enterprise Grade Blockchain Technology On Special Edition Litecoin BlockCard
The Litecoin Foundation has teamed up with Bibox Exchange and Ternio to release a special edition Litecoin BlockCard. The soon to be released debit card will enable users to spend the value of their cryptocurrency either online or in physical store locations, anywhere in the world where major credit cards are accepted. This special edition card will leverage the existing BlockCard platform Ternio has released.
[Source: Litecoin Foundation] ✩✩✩✩
3. IBM releases an upgrade of its enterprise blockchain platform
U.S. tech giant, IBM, has unveiled an upgrade of its blockchain platform. Developers will be able to easily move from development to test product from a single console, via the new upgrade.
[Source: FXStreet] ✩✩✩✩
4. CFTC Lawsuit Alleges $147 Million in Bitcoin Defrauded From Trading Scheme Investors
The Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action against Control-Finance Limited, a purported Bitcoin trading and investment company, and its founder, Benjamin Reynolds, of the United Kingdom.
The complaint charges the defendants misappropriated at least 22,858.822 bitcoin — worth at least $147 million at the time — from more than 1,000 customers through a pyramid scheme called the Control-Finance “Affiliate Program.”
[Source: Coindesk] ✩✩✩
5. Top Democrat calls for Facebook to halt cryptocurrency plans until Congress investigates
Hours after Facebook announced its plans for a global cryptocurrency project, a top House Democrat is calling for Facebook to halt its plans until Congress and regulators have had a chance to investigate potential risks.
“With the announcement that it plans to create a cryptocurrency, Facebook is continuing its unchecked expansion and extending its reach into the lives of its users,” House Financial Services Committee Chairwoman Maxine Waters (D-CA) said in a statement. “Given the company’s troubled past, I am requesting that Facebook agree to a moratorium on any movement forward on developing a cryptocurrency until Congress and regulators have the opportunity to examine these issues and take action.”
[Source: TheVerge] ✩✩✩✩
6. Global Banking Giant HSBC Launches Tokenization-Based Receivables System for India
Major global banking group HSBC has implemented tokenization technology into its receivables infrastructure for corporate clients in India, according to an announcement on June 18.
[Source: Cointelegraph] ✩✩✩✩
7. Italian Blockchain Initiative Using 200 Banks and 200M Data Items in New Test
The tests for the blockchain initiative called Spunta by the Italian Banking Association (ABI) has reached a new phase. The new tests will involve putting 200 banks and 200 million data items through the wringer to see just how robust the entire system is. If it works, Spunta could then become the model for which global interbank reconciliations can be done.
[Source: TokenPost] ✩✩✩
8. TRON Foundation plans to deliver community-focused infrastructure with Odyssey V3.6 Mainnet update
Out of the many crypto-focused innovations across the globe, Tron has managed to gain limelight in the cryptospace, despite TRX’s average performance and reduction in market cap. While some crypto-enthusiasts attribute Tron’s success to the stellar marketing skills of CEO Justin Sun, much of the community has graciously welcomed its latest updates.
[Source: AMBCrypto] ✩✩✩✩
9. Digital Asset’s smart contracting language DAML integrated with Hyperledger Fabric, Corda, Aurora
Yesterday Digital Asset Holdings (DA) announced that DAML, its smart contract language has been successfully integrated with several leading enterprise blockchain platforms. The blockchain firm collaborated with HACERA and Blockchain Technology Partners to bring DAML to Hyperledger Fabric, R3’s Corda, and Amazon’s Aurora cloud-based engine.
[Source: LedgerInsights] ✩✩✩✩
10. Facebook Token Runs Into Instant Political Opposition in Europe
Facebook Inc.’s ambitious plan to roll out its own cryptocurrency ran into immediate political opposition in Europe, with calls for tighter regulation of the social-media giant.
French Finance Minister Bruno Le Maire said the digital currency known as Libra shouldn’t be seen as a replacement for traditional currencies.
[Source: Bloomberg] ✩✩✩✩
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