Top Stories This Weeksubmitted by Bitcoin_Exchange7 to u/Bitcoin_Exchange7 [link] [comments]
FinCEN Takes First Enforcement Action Against Peer-to-Peer Cryptocurrency Exchanger
In an apparent first, the United States Financial Crimes Enforcement Network (FinCEN) has given a penalty to a California resident who has been accused of wilfully violating money transmission laws as a peer-to-peer virtual currency exchanger. The department noted that the move marks its first such enforcement action, thus setting a precedent. The defendant — Eric Powers of Kern County, California — has been fined $35,000 and debarred from future work that qualifies as a money services business. The fine came from the determination that Powers violated his reporting obligations under the U.S. Bank Secrecy Act.
Self-Proclaimed Satoshi, Craig Wright, Sues Podcaster Peter McCormack for Alleged Libel
Craig Wright, the chief scientist at nChain and founder of bitcoin SV (BSV), filed a libel claim in the United Kingdom against cryptocurrency podcaster Peter McCormack. McCormack had previously accused Wright of fraud and falsely claiming to be Satoshi Nakamoto, the creator of bitcoin (BTC). In response, Wright’s claim allegedly requests over $130,000 in damages, as well as legal costs and court fees. Earlier this week, Binance, ShapeShift and Kraken decided to delist BSV amid Wright’s continued claims to be Satoshi, as well as his bounty offering in the search for the identity of the anonymous Twitter user behind the Lightning Torch.
French Gov’t Minister Open to Enabling Crypto Donations for Notre Dame
Cédric O, France’s Minister of State for the Digital Sector, said this week that he is open to accepting cryptocurrency donations for the reconstruction of the Notre Dame Cathedral, which experienced a debilitating fire last week. The donations for the medieval cathedral’s reconstruction have already reached over $1 billion, while not yet allowing for donations in crypto. The official fundraising site is linked to four approved organizations, with Cédric O noting that the government is open to discussion on how to accept crypto to drive up the fundraising.
Both BlockShow, an international blockchain event powered by Cointelegraph, and major crypto exchange Binance have launched crypto donation campaigns for the renovations.
Forbes Releases List of Billion Dollar Companies Using Blockchain
Financial news outlet Forbes released their “Blockchain’s Billion Dollar Babies,” a list of companies implementing blockchain technology that have minimum revenues or valuations of $1 billion. The list includes both companies in the crypto and blockchain development spaces, as well as larger companies in the traditional markets, such as banks and clearing houses, food companies and supply chain management firms. The list contains such household names as Amazon, Walmart, Facebook, ING, Mastercard, Microsoft and Nestle, as well as U.S.-based cryptocurrency exchange Coinbase, European mining and hardware firm Bitfury, and blockchain-based financial services network and XRP token creator Ripple.
Nestlé, Carrefour Work With IBM to Track Mashed Potato Brand With Blockchain
Switzerland-based food giant Nestlé, French supermarket chain Carrefour and IBM have partnered in order to use IBM’s blockchain tech to track French instant mashed potatoes. Shoppers will be able to use their smartphones in Carrefour stores to scan the packs of Mousline instant mashed potatoes with a QR code and be able to see data on the potatoes, including the varieties of potatoes used, the date and place of manufacture, and their journey to the store. In general, around 5 million different food items already employ blockchain in their supply chain in some form.
The company used Bitcoin’s sub-Reddit to announce the news. “You guys asked us for more ways to turn your Bitcoin into real world purchases – especially groceries – so today we added Walmart as one of our 100+ brands. Buy Walmart Gift Cards for yourself, or as a gift for a friend. Don’t forget to tell us what other gift cards you’d like to be able to buy with Bitcoin at eGifter ... The best platform to buy Bitcoin with debit card is well-known regulated broker and exchange eToro. Launched in 2006, eToro is regulated by several financial authorities and is a very reputable ... We have all heard of Bitcoin, and most people know how to buy Bitcoin on exchanges like Coinbase and Binance.. But most people don’t know you can buy Bitcoin with the world’s biggest retailer Walmart.. But let’s be clear from the start: you can’t actually walk into a Walmart store and pick up some bitcoins like you can with televisions, blenders and other electrical goods. Walmart, on the other hand, has been relatively low key though it has other patents to be able to listen in on co-workers and shoppers. Walmart brings in far less controversy. Almost everything that Facebook does is certain to draw controversy. Walmart Coin isn’t a threat to Bitcoin and the Altcoins How to Buy Bitcoin at Walmart Step by Step Tutorial using Paxful • The first step before buying the Walmart bitcoins is to get a bitcoin wallet. A bitcoin wallet is a place to store your future bitcoin. It works like a bitcoin bank account that allows you to save enough bitcoin to trade. • Make use of the P2P exchange where you select the person to person market place or peer to peer ... Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. Cryptocurrency News: Nevada signed several blockchain bills into laws, Binance restricts U.S. users and bitcoin has surpassed 1 million daily active addresses. While investors complain over suppression of Bitcoin prices in 2018, the largest cryptocurrency quietly debuted at US Walmart stores for just $1. Bang For Your Buck As multiple Reddit users revealed this week and last, outlets of the retail giant have become full of bitcoins for the “everyday low price” of a single dollar. While not a lot of places accept Bitcoin directly, it’s clear to see that the adoption of Bitcoin as a payment method is increasing with each year. So while we still have a long way to go until companies will accept Bitcoin directly and not through payment processors or Bitcoin debit cards, you can find big brands like Microsoft, AT&T, and Overstock that have already taken a step in the ... Bitcoin could benefit Canadian Walmart stores, as the retail titan has dropped support for Visa cards in all Canadian locations.
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