US Chamber of Digital Commerce Onboards Crypto Exchange ErisX

The United States Chamber of Digital Commerce has taken aboard cryptocurrency exchange ErisX. Per a press release shared with Cointelegraph on July 18, ErisX has become a member of the Chamber of Digital Commerce, an advocacy group that promotes the digital asset and blockchain industry.  ErisX thus joined other heavyweights of the industry such as Fidelity Investments, Overstock.com’s Medici Ventures, enterprise blockchain software firm R3, stablecoin platform TrustToken and professional services company Accenture, among many others. ErisX CEO Thomas Chippas stated: “The Chamber of Digital Commerce and its member initiatives…

New Jersey Accuses Blockchain Firm of Unregistered Securities Sale

The State of New Jersey alleges that a blockchain-based online rental marketplace sold over $400,000 of unregistered securities. A complaint filed on July 17 accuses Pocketinns, Inc. and its president Sarvajnya G. Mada of offering and selling around $410,000 of unregistered securities in the form of a cryptocurrency dubbed “PINNS Tokens.” The tokens were sold through an initial token offering between Jan. 15 and Jan. 31, 2018. Neither Pockettins nor Mada have allegedly been registered with the state’s Bureau of Securities.  The defendants purportedly sold tokens to 217 investors in…

Steve Wozniak Co-Founds Blockchain-Based Energy Saving Firm in Malta

Steve Wozniak, co-founder of American tech giant Apple, has invested in a new blockchain-based company headquartered in Malta. Wozniak is now the co-founder of energy efficiency company Efforce, according to a report by Maltese news daily The Malta Independent on July 18. Wozniak co-founded the company alongside Jacopo Visetti, who — according to his LinkedIn profile — works in the renewable energy and environment sector. According to this page, Visetti co-founded Efforce in January, 2018 — approximately one year and seven months ago.  According Efforce’s LinkedIn page, the company provides…

Coder Proposes Alternative to Bitcoin’s ‘Notoriously Unreliable’ Testnet

Introduced Wednesday, a new proposal called Signet offers a fresh alternative to bitcoin’s test network. The software plays a crucial role for developers, serving as a place where they can test their apps, to make sure they work reasonably well on the network by putting only test money on the line. Further, protocol developers can use it to test the viability and safety of big changes to bitcoin, such as Segregated Witness, one of the best-known and largest-scale bitcoin changes. But bitcoin’s current testnet, which has been around in its…

WATCH: Former ConsenSys Fintech Lead Says Facebook Will Rule Crypto Payments

Before Libra, Juan Llanos still saw some outsiders who could have taken on the payments and remittance markets. Now, after Libra, he’s not so sure. “When Libra was announced mid-June … the first thing that came to mind after reading the White Paper, obviously, is that the payments use case is already theirs,” he said. In this video, Llanos, a FinTech and RegTech Advisor, explores the things that Libra will potentially change. He says that Facebook has essentially sewn up the payments market for years to come and warns startups…

Japan Has FATF Green Light to Create ‘SWIFT Network’ for Crypto: Report

Japan is said to be leading the creation of an international cryptocurrency payments network similar to banking network SWIFT. A report from Reuters on Thursday cites a source familiar with the effort as saying that the network is aimed to combat money laundering and was approved last month by the Financial Action Task Force (FATF). A team from the international money laundering task force would monitor development of the project, which will be conducted alongside other nations, the source said. The network is an initiative from Japan’s Ministry of Finance and the…

WATCH: Investor Nisa Amoils Expects Libra to Reduce Regulatory Risk

Like so many other crypto thinkers, venture capitalist Nisa Amoils feels Facebook’s Libra is a 100-ton payments elephant in the middle of the crypto space. However, it isn’t changing the way she invests. “It doesn’t really change my thesis,” she said. “It only really changes a thesis if your focus pretty much on investing in payments because Facebook, if it gets approved, becomes a dominant player and then any other startup and that space can’t compete.” Instead, she said, Libra reduces the risk associated with cryptocurrency. After all, if the world’s…

Web Search Data Indicates Soaring Interest for Facebook Libra in China

With Facebook’s recently unveiled Libra cryptocurrency high in the news agenda across the world in recent weeks, China has emerged as a perhaps surprising leader when it comes to public interest in the project. While cryptocurrency use is banned in the country, as is Facebook itself, searches for “Libra” on the nation’s web search giant Weibo are soaring at press time. While the top two hottest search trends address a Chinese film celebrity’s jealous children and the first movement of Leonardo da Vinci’s iconic Mona Lisa painting outside the Louvre since…

Bitcoin Bounce Capped by $10K Price Resistance

View Bitcoin’s recovery from $9,049 to $10,000 lacks substance and may be short lived. Signs of bullish exhaustion near $10,000 have emerged on the 4-hour chart. A break below $9,580 would confirm the corrective bounce has ended and allow a drop to $9,000. Moving average (MA) studies and key indicators like the relative strength and the Chaikin money flow indices on the daily chart continue to call a bearish move. A high-volume break above $10,000 could yield a move to $10,400, but a 4-hour close above $11,080 is needed to…

LibertyX Surpasses 1,000 Bitcoin ATMs Across the US

LibertyX, the company that launched the first U.S. bitcoin ATM, will expand into 90 retail locations in Arizona and Nevada, according to a statement made Wednesday. With this move LibertyX now operates more than 1,000 so-called bitcoin ATMs across the country. The latest additions are set up in AMPM, ARCO and Chevron gas stations, as well as select Family Dollar stores. A partnership with Desert ATM, a non-bank ATM service provider, will enable street-level access bitcoin through user’s debit cards. Chris Yim, CEO of LibertyX, said the convenience and simplicity…