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| October 21, 2018

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Outdoor clothing firm Patagonia endorses Senate candidates — maybe a first for a company

October 20, 2018 |

In what campaign finance experts say may be a first, California outdoor clothing company Patagonia is endorsing two Senate candidates in the western United States, where protecting the public land in which its customers recreate is a key concern.

The Ventura-based retailer announced Friday that…


L.A. Times – Business

The Daily: Crypto-Skeptic Professor to Speak at US Senate, Coinmama Adds SEPA

October 7, 2018 |

The Daily: Crypto-Skeptic Professor to Speak at US Senate, Coinmama Adds SEPA

In today’s edition of The Daily we cover stories about a well known economics professor and outspoken crypto-skeptic who is going to speak about the subject at the U.S. Senate, bitcoin-buying service Coinmama adding support for SEPA bank accounts holders, and more.

Also Read: Regulations Roundup: Crypto-Intermediaries in France, SEC Deadline for Rejected ETF Commentary

Crypto-Skeptic Professor to Speak at US Senate

The Daily: Crypto-Skeptic Professor to Speak at US Senate, Coinmama Adds SEPARenowned economics professor Nouriel Roubini (commonly known as Dr. Doom) is set to tell American politicians about all the ills he sees in the cryptocurrency ecosystem. The Senate Banking Committee lists him as a witness at a hearing on “Exploring the Cryptocurrency and Blockchain Ecosystem” to be held Thursday, October 11.

Rather than presenting the lawmakers with a balanced review of the matter, Roubini can be expected to use this pulpit to further denigrate the innovation and the community behind it. In the past day alone he repeatedly lashed out on Twitter, writing among else that: “Crypto is the biggest bubble and scam in human history.”

The Daily: Crypto-Skeptic Professor to Speak at US Senate, Coinmama Adds SEPA

Coinmama Adds SEPA Support

The Daily: Crypto-Skeptic Professor to Speak at US Senate, Coinmama Adds SEPACoinmama, the Israel-based service best known for allowing the purchase of cryptocurrency with credit cards, has announced this week the addition of support for SEPA (Single Euro Payments Area) bank transfers. This means that all Coinmama clients within the EU can now utilize this payment method to buy BCH, BTC, ETH, LTC, and a few other top coins, with their bank-held fiat.

The company explained that SEPA daily payment limits average around $ 12,000 (€10,250), more than double of credit and debit card daily payment limits. Additionally, the SEPA transaction limits operate separately from other funding methods, meaning it is possible for clients to purchase approximately €5,000 worth of crypto via credit or debit card on top of the crypto purchased through SEPA.

According to Coinmama CEO Asaph Schulman, “SEPA compares favorably with other traditional payment systems, as it combines speed and low fees with the convenience of sending a transfer from your regular bank account. When transfer costs are the prime consideration, it’s hard to find a better option than SEPA for conducting fiat transfers within the European Union.”

Developments in Israeli Ecosystem

The Daily: Crypto-Skeptic Professor to Speak at US Senate, Coinmama Adds SEPAThe past week also saw a number of additional developments in the crypto ecosystem in Israel.

Kzen, a Tel-Aviv based startup developing a new easy-to-use crypto wallet, has announced the completion of a $ 4 million seed round. It was led by Benson Oak Ventures and involved a number of other investors including: Elron, Samsung NEXT, FJ Labs, Collider VC, Block Nation, Jonathan Smith (co-founder of Civic), Pierre Kosciusko-Morizet, Jean David Blanc and more. The founders explained that: “We considered the option of an ICO and quickly discarded it because it did not make any sense (and thank god, we made the right choice). So we went the ‘old way’ and decided to find investors aligned with our vision and in parallel, we searched for unique talents sharing our passion of products well built and deep belief in the crypto industry. That path was tested by the strong correction of the market of the last months but it has served as an important challenge to gauge our determination.”

Moshe Hogeg, whose Sirin Labs raised $ 157.8 million in an ICO last year, has donated 7 million shekels to Tel Aviv University for establishing an institute of “applied Blockchain Research” at the Coller School of Management. It is meant to train the next generation of entrepreneurs, managers and professionals in the field. Prof. Dan Amiram, Vice Dean of the Coller School of Management, has been appointed as Head the institute, while Dr. Jacob Mendel will serve as its Director. At the agreement signing ceremony, Hogeg said, “I am delighted that we found the much-needed link between entrepreneurs, business and academia. This is a natural continuation of investment in the field of education of students in Israel, something I believe is of the utmost importance. The establishment of this institute will facilitate in-depth research and contribute to accelerating technological development and its application in most areas of our lives for the benefit of entrepreneurs and businesses in Israel and worldwide. I believe that by granting knowledge, practical tools and scholarships to students, we will help train the next generation which will spearhead the next technological revolution.”

The Israel Securities Authority has announced on Wednesday that “Blockchain technology has been implemented in its information systems for the first time.” The installation took three months and was carried out by the Taldor corporation. It was integrated into the system which the regulator uses for sending messages to supervised entities. The developers explained that “the technology confirms the authenticity of the messages, prevents fabrication and prevents the messages from being edited or erased. In addition, the system prevents the possibility of denying that messages were received from the ISA.” It is also planned that in the future the technology will be integrated into the ISA’s investors voting system and company reporting system.

UK Business Newspaper Adopts Satoshipay

The Daily: Crypto-Skeptic Professor to Speak at US Senate, Coinmama Adds SEPASatoshipay, the micropayment processor originally founded in 2014, has announced a partnership with London-based business newspaper City A.M. Under the terms of the agreement, City A.M. readers will be able to read ad-free online content by paying a small fee and using Satoshipay’s digital wallet. The one-click payments are said to take less than a second and there’s no need to create a new subscription account.

Meinhard Benn, the startup’s CEO, said, “With the changing dynamics within the media sector, Satoshipay uses cutting-edge blockchain technology to make micropayments economic and therefore allow readers to purchase individual articles for small payments instead of paying a subscription. This collaboration marks another important milestone in establishing an entirely new way to pay for content. It greatly benefits both parties: expanding Satoshipay’s partner network whilst adding an additional revenue stream for City A.M.”

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


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Bitcoin News

Senate Confirms Kavanaugh to Supreme Court

October 7, 2018 |

The Senate confirmed Brett Kavanaugh to the Supreme Court, cementing a conservative majority on the nation’s top court after a blistering battle over sexual-assault allegations leveled against him.
WSJ.com: What’s News Asia

FBI report expected imminently, one copy to be placed in Senate Judiciary Committee safe

October 3, 2018 |

The FBI is expected to send a single copy of its supplemental report on sexual misconduct allegations against Supreme Court nominee Brett Kavanaugh to Capitol Hill, where it will be kept in a Senate Judiciary Committee safe, two senior Senate sources confirmed to Fox News Wednesday. 
FOX News

TMZ

Live Stream of Senate Hearing, Brett Kavanaugh vs. Dr. Christine Ford

September 27, 2018 |

Brett Kavanaugh’s fate may well be determined in the next 8 hours, after the showdown in the Senate Judiciary Committee between the Supreme Court nominee and his accuser, Dr. Christine Blasey Ford.  The hearing kicked off at 10 AM ET and Ford…

TMZ.com

Senate GOP Hires Woman to Question Ford, Kavanaugh

September 26, 2018 |

Brett Kavanaugh and accuser Christine Blasey Ford are expected to appear before the Senate Judiciary Committee on Thursday—but viewers will not see Ford questioned on her sexual assault allegations by the 11-strong, all-male Republican contingent on the committee. Instead, they have hired Rachel Mitchell, an Arizona prosecutor with experience…
Newser

Senate Judiciary Committee Will Vote on Kavanaugh Friday

September 26, 2018 |

The Senate Judiciary Committee has scheduled a vote Friday on Brett Kavanaugh’s nomination to the Supreme Court, the AP reports. The committee vote is being set for the day after Kavanaugh and Christine Blasey Ford are to testify about her allegation he sexually assaulted her when they were teens. That…
Newser

Can Cory Booker Really Be Expelled From Senate?

September 6, 2018 |

“This is about the closest I’ll probably ever have in my life to an ‘I am Spartacus’ moment.” That line from Sen. Cory Booker of New Jersey showed just how dramatic the Brett Kavanaugh hearings became Thursday morning as he and fellow Democrats continued to complain about withheld or off-limits…
Newser

Empty Chair Says It All: Senate Is Annoyed With Google

September 5, 2018 |

Facebook and Twitter executives, defending their companies on Capitol Hill, said Wednesday they’re aggressively trying to root out foreign interests seeking to sow divisions in American democracy as the November elections near. Facebook’s No. 2 executive, Sheryl Sandberg, and Twitter’s CEO, Jack Dorsey, testified before the Senate Intelligence Committee, but…
Newser

Tech Leaders Face Senate Questions on Russian Meddling

September 5, 2018 |

Facebook COO Sheryl Sandberg and Twitter CEO Jack Dorsey are appearing at a Senate hearing to defend their platforms’ handling of manipulation by foreign actors.
WSJ.com: US Business