Over Bogus Crypto Advertising Janet Jackson’s Billionaire Former Suit Facebook

Janet Jackson’s ex-husband, Qatari billionaire Wissam Al Mana, is suing Facebook after a crypto scandal used his image to promote himself in the Middle East without his permission.

Al Manaya reported on 23 February that the cryptocurrency firm, The Times, was claiming profanity, malicious lies and false advertising.

Her defamation action has been filed in Dublin, Facebook’s European headquarters, where the legal framework for such cases is considered more liable to plaintiffs than in the United States.

Facebook sued in Dublin, not Menlo Park
Defamation cases, according to Belfast-based defamation advocate Paul Tweed, have a greater chance of success in Europe, as Facebook U.S. K attempts to “hide” behind First Amendment principles so as to avoid its responsibilities to protect users’ reputations.

Reluctant to give interviews, Al Mana takes pains to restrict public information and coverage on his official personal site, wissamalmana.com. Recently, he has used the site to clarify that he does not have any social media accounts and that any of the profiles allegedly linked to him “cite him as a source of accurate information Or not to be used. “

Al Mana – estimated at 1 billion euros – owns the exclusive territorial rights of prestige brands such as Harvey Nicholls, Alexander McQueen, Balenciaga and Hermes, as well as the McDonald’s franchise for Qatar. She married well-known pop star Janet Jackson between 2012 and 2017.

Tweed has previously represented the likes of Djibouti president Ismail Omar Guleh and Qatari critic Ghanem Nusibeh against Facebook. She has also represented Justin Timberlake, Jessica Beal, Jennifer Lopez, Nicholas Cage and Harrison Ford in Irish defamation acts.

Milking the stars
Last fall, Contechlegraph reported that a bitcoin and potentially nefarious bitcoin investment platform was using explicit perjury from actress Kate Winslet, as well as to support the likes of Richard Bonton, Elon Musk and Bill Gates.

Some celebrities have legally participated in fake cryptocurrency schemes, such as boxer Floyd eather Money ‘Mayweather and rapper DJ Khalid, who helped promote the initial coin offering for crypto financial services startup Crutch Tech. The co-founders of Centra Tech were later assigned to the U.S. Accused and charged with securities and wire fraud by the Securities and Exchange Commission (SEC).

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Tyler Winklevos’ $ 3 million lev bitcoin pizza moment ‘with space travel’

Billionaire Bitcoin (BTC) investor and co-founder of the cryptocurrency exchange Tyler Winklevos bought the world’s most expensive ticket into space.

According to a report from cryptocurrency platform Luno on February 24, the purchase was returned in January 2014. At the time, Winklevos acquired Virgin Galactic’s passenger carrying ticket for 312.5 BTC for the spacecraft, which at the time cost $ 250,000. Virgin Galactic is a space tourism company within the British venture capital group Virgin Group.

“Bitcoin Pizza Moment”
Thus, Winklevoss’s initial investment of 312.5 BTC in the ticket is currently over $ 3 million, an increase of 1,174%. Winklevos described it as their “bitcoin pizza moment”, apparently referring to the first-ever transaction of bitcoin for physical goods, which occurred on May 22, 2010.

Subsequently, the famous bitcoin pizza saw programmer Lezlo H हnánez bought two pizzas for 10,000 BTC ($ 97 million in press time). Hanyecz offered users on the BitcoinTalk forum in exchange for two bitcoins. A teenager named Jeremy Sterdivant, nicknamed Jorkos, accepted bitcoin and sent two pizzas to Honeys on behalf of Papa John.

Best year of bitcoin?
The price of bitcoin is higher in 2020 than any other year in existence – and historical data suggests that its price will continue for the next 19 months. BTC / USD averages $ 9,120 for 2020, as calculated by fund partner James Todaro. It is also higher than in 2017 when the pair reached their current high of $ 20,000. For that year, the volume-weighted average was $ 6,125.

“This strongly suggests that in most of the past years, a person carrying bitcoins would have profited in USD if they held bitcoins up to the current date,” Todaro said.

When it comes to predictions, some of the leading industry leaders are getting up at once on what the price of BTC should be for Bitcoin after the imminent closure of bitcoin for May 2020. According to Mike Novogratz, founder of Digital Asset Merchant Bank Digital, the semifinal cryptocurrency will be a $ 20,000 benchmark in 2020.There is a possibility of Rs.

Binance CEO Changpeng Zhao said bitcoin could see new heights before the halt event. Those who envision the rapid scenario say that the price of bitcoin will continue after rising due to a decrease in the supply of coins.

Meanwhile, bitcoin is trading around $ 9,800 at press time, reporting a slight loss of about 0.54% compared to the previous day.

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Fan token platform Socio announces prepaid fiat-crypto card

Fan Token Platform Socio Announces Prepaid Fiat-Crypto CardNEWS
Collaboration between fiat currency card issuers and the blockchain industry appears to be moving forward.

On February 24, sports fan token Project Socio announced the launch of a unified subscription and Fiat-crypto prepaid debit card, which provides blockchain-based global ID functionality.

Prior to the launch of the product, Socio says it continues to review several crypto and non-crypto partners before determining who the card issuer will be. Speaking to Cointelegraph, Alexander Dreyfus, CEO of Socios, said the firm had previously approached and was busy with partner companies of Visa and MasterCard.

Live debit card plans for summer
As stated earlier, Socio runs a crypto fan token ecosystem, which includes a token voting platform and a blockchain-based mobile app. The venture is run by sports blockchain firm Chillies, which counts the support of high-profile crypto industry players such as Binance and OK Blockchain Capital.

The token ($ CHZ) is used for fan engagement by citing voting rights in elections, as well as giving holders access to merchandise, prizes and games.

As it develops the platform, Soshio has now integrated a blockchain-based global ID number for the Soshos mobile app, which serves as a Know Your Customer (KYC) identification tool. Dreyfus said:

“One of the most important events for us will be ID on the blockchain, this can be important in the following years with sporting events that need to be checked for your ID.”

Once launched, the prepaid card will have this blockchain ID and link directly to users’ wallets, allowing them to spend $ CHZ, but other currencies. Which currencies will, in fact, be crypto or otherwise, have not yet been announced.

The prepaid card will also serve as a membership card, so that it can be used for regular payments and to cash in on blockchain token rewards or to receive various offers and discounts.

Soshos says it plans to fully follow the prepaid version with a Jio Debit card earlier this year, with rollouts first in the European market, then Latin America, Turkey and Asia.

Base widening
With major US crypto exchange Coinbase recently announcing their key membership of Visa, the field of crypto debit cards continues to diversify, making the interface more flexible and familiar, with access to “legacy” interfaces to cryptocurrency holdings .

Coinbase, Socio and other crypto debit cards – along with the proliferation of tokens in large industries such as football – suggest that the one-time field of blockchain is moving forward with efforts to popularize it.

Spanish football powerhouse FC Barcelona recently joined the likes of Ashtico de Madrid and London-based football team West Ham United to create a token for their franchise to create a token.

Dreyfus told Coinlegraph in a recent interview that the 3.5 billion football fan base globally was a powerful draw for the firm to launch its fan-focused token drive.

Earlier this month, Chillies announced a partnership with leading marketing agency Laggarder Sports & Entertainment as part of a bid to expand its blockchain fan engagement ecosystem in the United States.

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Crypto Exchange Binance Adds Hong Kong Dollar to Fiat Gateway

One of the world’s most important cryptocurrency exchanges, Binance, now allows deposits in Hong Kong dollars.

As of the February 21 announcement, Binance now offers both deposits and withdrawals in Hong Kong dollars without deposit fees. After depositing Hong Kong dollars, users are free to spend them on cryptocurrencies.

Deposits to be enabled through a partnership between Binos and payment processor ApeAre te. Users can deposit with a SWIFT code, wire transfer, SEPA, Faspe, PM and other e-currency deposit and withdrawal services.

Binance is apparently trying to bring more liquidity to the cryptocurrency market. As reported earlier this month by Cointegraph, the exchange recently added 15 additional fiat currency options to its Visa and MasterCard purchases on its platform. Shortly before this announcement, the firm also added Russian rubles for its peer-to-peer trading platform.

All these efforts indicate that Binance is trying to attract people to join the cryptocurrency market during this new bull market. Nevertheless, the increase in user base is not without its consequences.

Undetermined maintenance
Amid the recent increase in user volume, the platform has recently reported technical difficulties. A report published earlier this month showed that performance issues Binance users had to deal with were caused by an unexpected surge in traffic.

“The $ 10,000 difference between BTC at this time and past time is now very high. While this is a solid sign of strong recovery for the crypto market, it also puts significant weightage to our system. “

Recently, Changpeng Zhao, the founder and CEO of Binance, expressed the view that the price of bitcoin is not yet compatible with the upcoming block reward holdings and will increase even more. If that is correct, the platform should expect traffic to proceed.

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Celsius doubled its total paid crypto loan interest since November

The Celsius Network report has more than doubled its interest payments in the three months since its last disclosure. This is another sign of the continued growth of the crypto lending industry, as decentralized finance (DIFI) operations attract more funds.

As of the February 20 report, Celsius paid Bitcoin (BTC), Ether (ETH) and other cryptocurrencies worth $ 11 million as total interest income. This is a 120% increase from the $ 5 million figure reported on November 12, 2019.

The company is managing $ 730 million in customer deposits and loan collateral, a 62% increase from the previous report’s $ 450 million figure.

The total value of outstanding loans has also increased by 46% since November, totaling $ 6.2 billion. This figure is counted in the current BTC prices and is affected by its price increase.

From November, the user count has also increased from 50,000 to 75,000.

Crypto loan growth
The crypto lending industry as a whole is growing. It is divided into crypto lending companies, such as Celsius and Blockfi, and decentralized finance based on Ethereum.

Although both mostly provide similar services, DeFi uses smart contracts and blockchain oracles to power its lending activity.

The amount of money locked up in Defy has recently exceeded $ 1 billion. Most of them are closed as collateral with MakerDAO (MKR) as part of a mechanism to create DAI (DAI), a decentralized US dollar fixed currency.

Celsius competitors such as Blockfy have also posted strong growth, which shows that the lending industry is rapidly increasing its value.

The development does not come without its pain, as the Defy protocol bZx was recently hacked twice in a span of two days.

Celsius growth
Celsius Network is continuously expanding its feature set. It recently added an integration with Simplex to provide instant Fiat on-ramps for its users. In January, it began paying compound interest on users’ loans.

Celsius CEO Alex Mashinski often shares his thoughts on the industry. In December he criticized the centralization of social media, pointing to blockchain as a possible solution.

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Suffering from poor performance of EOS network, says Coinbase

Suffering from poor performance of EOS network, CoinbaseNEWS says
The leading US cryptocurrency exchange Coinbase said the EOS network has some problems.

On February 20, Coinbase released a status update saying, “The EOS network has degraded performance. There may be a delay in sending and receiving. “

The exchange posted a tweet two days later, stating that the EOS network was still suffering from poor performance and Hat EOS EOS has been temporarily disabled, but the purchase and sale of EOS within the cryptocurrency exchange functioned normally. Was getting it done.However, EOS Nation, the manufacturer of the EOS block, responded on February 22 that, although there were issues of micro-forks on February 20, the EOS mainnet was “currently very reliable.”

The tweet included a chart showing a mild blip on February 20, where 192 blocks were missed due to a micro-talker problem, but indicated stable mainnet performance over the past two weeks.

Past performance issues
EOS networks have had performance issues in the past, and the chart posted by EOS Nation only highlights that. In the last week of January, it touched an average of 20,000 blocks per day.
As Coinclgraph reported in October 2019, research claimed that EOS could be killed by mob attacks that could freeze the network. The exploit appears to allow an attacker to steal more than $ 110,000 worth of crypto from an EOS gambling application. Block.one, the parent firm of EOS, claimed that the network was running normally.

The network had several freezing problems just after launch, and has recently struggled with the network congestion problem caused by the EIDOS token airdrop.

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Bitcoin price falls 3% as $ 10K fails to fill fresh futures gap

Bitcoin price falls 3% as $ 10K fails to fill fresh futures gap
Market update
On November 24, bitcoin (BTC) once again fell below $ 10,000. The fall in CME futures trading was followed by a decline at the start of the new week.

BTC gave $ 10K again …
Data from Coin360 and Cointelegraph Markets quickly lost 3% to BTC / USD at the start of Monday’s trading. On Sunday, the pair succeeded in reclaiming the $ 10,000 landmark.

Subsequently, local lows of $ 9,690 gave way to support above $ 9,700, with bitcoin sitting around $ 9,720 as of press time.

Bitcoin 7-day price chart

Traders focus largely on futures, with bitcoin price moves with increased accuracy than before. Last week’s session closed around $ 9,740, $ 250 less than this week’s open.

Before the week, the weekend saw a huge difference – between $ 500, $ 10,495 and $ 9,990. The market only partially fills the resulting vacuum before the upside action n $ 9,700 from a sudden collapse.

On February 20, meanwhile, CME revealed that the open interest rate in its futures products amounted to a higher-than-expected 32,560 BTC ($ 316.3 million) of 6,512 contracts.

At the time the company reported on social media, we reached a new record of 59 years of large open stakeholders on 11 February.

Overall, exchange-based futures still hold a lion’s share of open interest, with derivative giants Bitmax’s products worth around $ 1.5 billion this week alone, according to skew market data.

Altcoin’s progress turns pale
Altox saw massive losses compared to Bitcoin, as the market collapsed with the top twenty cryptocurrencies vanishing from the market cap by 5%.

Leaving behind the spectacular performance was Tejos (XTZ), a coin that had previously seen unexpectedly strong gains over a period of several weeks. The 24-hour loss was 7.6% at press time.

Ather (ETH), the largest altcoin, fell by a more modest 1.7% to trade at $ 266.50.

Ether 7-Day Price Chart.

Bitcoin shares are still trending with 62.8% multi-month, with the overall cryptocurrency market cap being $ 282.4 billion.

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New Jersey introduces bill to regulate cryptocurrency at state level

The New Jersey state legislature is now considering a new bill that would require cryptocurrency businesses to obtain a proper license to operate.

Assemblyman Yvonne Lopez proposed the Digital Asset and Blockchain Technology Act on 20 February. The law would establish new requirements for virtual currency businesses and would require consumer-friendly protection for crypto firms to disclose their legally registered names, anti-money laundering (AML). And Anti-Terrorist Financing (ATF) policies, and their licenses and legal history for the State of New Jersey’s Department of Banking and Insurance.

Bitcoin regulation has not been fully addressed in the United States
Although the largest bitcoin boom occurred three years ago, there were no state regulations around cryptocurrency in New Jersey. Unlicensed crypto operators were to be tried at the federal level through the judicial department. Lopez highlighted the need to address these issues locally:

“People talk about [bitcoin] in their day-to-day livesSee and hear, but most are not sure what it is. We should take steps to protect consumers willing to invest in cryptocurrency, as well as allow the region to develop and expand in New Jersey. “

The bill requires crypto companies to disclose their terms and conditions for consumer accounts and are protected by the Federal Deposit Insurance Cooperation (FDIC) as traditional bank account holders. Anyone applying will need to provide a schedule of fees, and any information about the risks of investing in digital assets.

“With this law, consumers will be better aware of the risks involved when investing in virtual currency.”

By introducing a state-level licensing scheme, New Jersey would join the need to obtain special permission to operate cryptocurrency firms in its neighboring New York. In 2014, New York’s financial regulators introduced BitLeakens, making it one of the union’s toughest courts for cryptocurrency-related firms to operate.

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The ability of bitcoin to benefit the African-American community

The issue of race whey n when it comes to cryptocurrency is a sensitive one, and not without reason. The African-American community is largely born with an economic disadvantage, among many others with inherited financial systems such as unethical practices such as redevelopment. However, cryptocurrency may eventually give them an opportunity to level the playing field.

Jack Dorsey, the CEO of Twitter, is no stranger to controversy himself. His platform currently hosts 330 million people worldwide, and his personal followers currently number over 4.3 million. On Sunday, he used that influence to promote a new book discussing the potential benefits of bitcoin to the African-American community.

Bitcoin and Black America, written by Isaiah Jackson, provides an analysis of the role cryptocurrency can play with African-Americans, a group historically underlined by major financial institutions. Nevertheless, the author notes, black people in the US have not used cryptocurrency extensively to try and gain financial autonomy.

There is a need to change the perception of cryptocurrency among African Americans
One of the problems, according to Jackson, is the notion of cryptocurrency among the African-American community. They are not the only ones to see bitcoin as a scam, with new schemes continuing to exploit the lack of regulatory oversight in the news. With the lack of banking access, ugliness has made investing in cryptocurrency a challenge among black people in the United States. Jackson says that there should be change going forward.

Originally published in July 2019, Bitcoin and Black America were boosted by the recent resurgence of the crypto market. Dorsey’s support this week may be similar.

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Japan the next country for a digital currency mint?

Japan the next country for a digital currency mint?
With finance ministers and central bank governors discussing cryptocurrency rules recently discussed at the G20 summit, Japan is taking notice at home. Leaders of the Bank of Japan (BOJ), the Ministry of Finance (MOF), and the Financial Services Agency (FSA) have held several meetings to determine if the country gets ahead in the queue to adopt a government-sanctioned digital currency.

Issues under discussion include how the Japanese government embracing the Central Currency Digital Currency (CBDC) will affect the world economy. Despite the rise of many crypto exchanges, the US dollar continues to be the de facto global currency.

Japan has always been a leader for cryptocurrency
As the birthplace of cryptocurrency, Japan has often been ahead of the global pack for using blockchain technology. Adoption of digital currency can benefit its economy the most. However, like other countries, it faces similar concerns over hacking, financial crimes, and money laundering as such currencies become more widespread.

The latest meeting to address such issues was held in January. Those in attendance were Ryozo Himino, FSA Vice President for International Affairs, Yoshiki Takeuchi, Finance Minister for International Affairs and Shinichi Uchida, Executive Director of the BoJ for International Affairs.

The BOJ plans to prepare specifically for issues related to Japan so that DIJital currency can be adopted. Governor Haruhiko Kuroda has previously stated that there is no demand for a state-sanctioned digital currency in Japan, but it is nevertheless recognized that one can arise after properly addressing regulatory challenges and risks:

“We are advancing research and study from a technical and legal point of view so that we can proceed appropriately when there is a growing need.”

Other countries are well on their way to adopting digital currency
Developments abroad may promote these discussions in Japan. The People’s Bank of China launched a two-year pilot program to assess digital yuan transactions. Beijing has made it clear that any digital currency in China will complement the yuan, not replace it.

The Bank of England, the European Central Bank, and central banks in Sweden, Canada and Switzerland have announced that they will conduct a joint study on digital currencies with the Bank of International Settlements. Meanwhile, the US Internal Revenue Service is preparing to hold a cryptocurrency summit in March.

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