Facebook’s Stablecoin Libra Unlikely to Become Mainstream

Financial services firm Jefferies’ recent survey indicates that American users will hardly use Facebook’s forthcoming stablecoin Libra due to a lack of trust, The Block reported on July 1 In the survey, which included over 600 respondents, four in five people reportedly chose  “Unlikely” or “Very unlikely” when asked whether they would purchase Libra. 45% of the respondents explained their unwillingness to buy the coin as due to a lack of trust in Facebook, unless the company has no access to their transaction data. Nearly 40% of those surveyed reportedly…

This UK Financial Regulator Has a Problem with Facebook’s Libra Coin

Most individuals in the crypto space have been following the journey of the Libra coin, Facebook’s recently unveiled cryptocurrency. From month-long rumors to the company unveiling it last month to Binance reportedly entering discussions with Facebook over it, the public has long known about Libra coin. And today, July 2, there is even more news about it. But it’s not good. More News About the Libra Coin On Tuesday, July 2, The Guardian reported that Christoper Woolard has warned against the Libra coin. Woolard, who is a senior financial regulator…

Binance Exchange to Launch Crypto Futures Trading with 20x Leverage

Binance, the world’s largest cryptocurrency exchange by trading volume, is soon to launch futures trading. During a presentation at the Asia Blockchain Summit in Taipei on Tuesday, Changpeng “CZ” Zhao, founder and CEO of the exchange, showcased a futures trading interface on Binance with features including longs and shorts on crypto assets. “Binance will be launching a futures platform very soon. I don’t have the exact date yet. The simulation test version will be live in a few weeks,” he said. Referring to the screenshot of the interface showed on the…

Longenesis Brings South Korean Medical Records to the Blockchain

Longenesis, a has Riga, Latvia-based but Hong Kong-incorporated company, is bringing medical records to the blockchain in South Korea using Bitfury’s Exonum platform. Longenesis, which was formed in late 2017, provides a suite of modular blockchain solutions for medical providers, supplying everything from user interfaces for patient interaction to medical recordkeeping. But its main focus has become medical-consent technologies. With its platform, every step of the process is linked, verifiable and auditable. The patient agrees to specified care or participation in a study or a trial. They can withdraw that…

IBM-Maersk Shipping Blockchain Gains Steam With 15 Carriers Now on Board

IBM has recruited two more major shipping carriers to join the blockchain platform it co-owns with container giant Maersk.  Announced Tuesday, Hapag-Lloyd and Singapore-based Ocean Network Express (ONE) – the world’s fifth and sixth largest carriers respectively – are the latest ocean carriers to join the TradeLens blockchain. They follow top-five carriers CMA CGM and MSC, which joined TradeLens last month.  Aside from Maersk and its subsidiary Hamburg Süd, TradeLens was launched in early 2018 with just one other shipping carrier, Asia’s Pacific International Lines (PIL), 17th in the world…

‘Disappointed’ by Central Bank Blockchain, Russia’s Largest Bank Eyes Alternatives

The Takeaway Masterchain, a blockchain project backed by Russia’s central bank, is falling behind on its goals two years after inception. Sberbank, the leading bank in Russia, is unsatisfied with the system’s speed, security and overall efficiency after testing it. The bank is looking to shift its work to other enterprise platforms, Sberbank’s blockchain lab head said. Masterchain, the bank blockchain project developed under the auspices of the Russian central bank, is missing the mark, the project’s key participant told CoinDesk. Sberbank, Russia’s largest bank, has decided to wind down…

Huobi to Target Decentralized Finance With New Public Blockchain

Huobi Group is building a public blockchain specifically designed for use cases within decentralized finance (DeFi). In a press release Tuesday, the blockchain services firm and cryptocurrency exchange operator, said the planned offering – for now dubbed Huobi Finance Chain – will allow financial institutions, businesses and exchanges to launch their own blockchains, tokenized assets and DeFi services. Huobi said: “Among other applications, the project will have the potential to host lending services, debit services, stablecoins, security token offerings (STOs) and other means of asset issuance, decentralized exchanges (DEXs), real-world payment services,…

21.5% Of Bitcoin Owners Are Hodlers Despite BTC Price Scares

Bitcoin (BTC) sinks 5.1 percent in the last day Holders are steadfast, 21.5 percent of all BTC in circulation static in the last half a decade In an independent research, Delphi Capital now reveals that holders are unmoved even by the recent Bull Run. Overly, it is a good sign that over 21.5 percent of all BTC in circulation are secure. It’s a sign of confidence, especially now that bulls are cooling off in a correction. Bitcoin Price Analysis Fundamentals Coinciding with Yen, CHF and gold revival, Bitcoin’s rally was…

Roubini: It’s a Scary Time for the Global Economy

Jul.02 — Nouriel Roubini, chief executive officer at Roubini Macro Associates, discusses the global economy, geopolitical risk, the U.S.-China trade negotiations, the possibility of a global recession, how he thinks we can avoid it, China’s economy and global debt. He speaks on “Bloomberg Markets: Asia” from the sidelines of the Asia Blockchain Summit in Taipei. source

Ethereum SubZero Freeze Announced As ETH Bears Press Lower

Ethereum (ETH) falls, down 7.5 percent SubZero freeze marks the end-of-June phase 0 ETH prices are falling back as price action strives for balance. Following the SubZero freeze notifying the community of Phase 0 amends, the community is expectant of a price recovery. At spot rates, ETH is under pressure and could consequently slide to $230 in days ahead. Ethereum Price Analysis Fundamentals Good news for ETH holders and Ethereum as an ecosystem is that the network is ready to transition from proof-of-work to a staking consensus system. Controversial in…