Starbucks Clarifies ‘Coffee for Bitcoin’ Media Reports

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Contrary to reports in mainstream media, Starbucks has clarified that it will not be accepting direct bitcoin payments at coffee retail outlets.As reported by CCN on Friday, Starbucks becomes part of a brand-new cryptocurrency venture with Microsoft and the Intercontinental Exchange (ICE) dubbed “Bakkt”, a controlled Wall Street platform that could essentially bring cryptocurrencies like bitcoin into the mainstream. “We are teaming up to build an open platform that assists open the transformative capacity of digital assets [cryptocurrencies like bitcoin] throughout worldwide markets and commerce,” Bakkt CEO Kelly Loeffler said following the announcement.It’s a groundbreaking development for the cryptocurrency sector, enough for ICE creator and president Jeff Sprecher to declare bitcoin”has the prospective to become the first worldwide currency”. Several mainstream media outlets lapped up the story with the likes of CNBC running with the headline”New Starbucks collaboration with Microsoft permits customers to pay for Frappuccinos with bitcoin”, implying that the Seattle-based coffee retail giant will begin accepting cryptocurrency payments.However, Starbucks has actually directly refuted such reports, clarifying that it would not straight accept bitcoins but will assist clients switch their cryptocurrency to U.S. dollars before investing it at its outlets.A spokesperson informed Motherboard:”It is very important to clarify that …

Bitcoin Completes the Retrace Down on the Daily Chart. Time to Go Long?

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Daily Chart Bitcoin made a bullish turnaround last month. It flushed off some weak stops below the $6,000 level at the end of June, and in July Bitcoin finished the very first bullish relocation which took this cryptocurrency around $2,500 higher.We missed that relocation since the major trend has actually been bearish for Bitcoin this year, so we believed that this may be another weak pullback higher prior to Bitcoin resumed the sag. However, Bitcoin broke all the moving averages on the day-to-day timeframe and made brand-new highs which suggested the trend had changed.We couldn’t get in late on that move, so I highlighted in the previous weeks that I will try to get in long on Bitcoin when we see a pullback lower. Now the pullback lower appears total on the everyday chart.The moving average I was considering was the 50 SMA(yellow). The cost has reached that moving average and it is discovering support right above it now. If you take a look at the stochastic indication, you can see that it is significantly oversold, which means that the retrace lower is complete and the cost is oversold on the daily chart.But, we should get a confirmation for that. …

Turkey Establishes Country’s First University Blockchain Center

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Click here to view original web page at cointelegraph.com Turkey has established the country’s first university-level blockchain center, aiming to close the blockchain expertise gap and ensure wide deployment of the technology, local news outlet Daily Sabah reported August 3. The Istanbul Blockchain and Innovation Center (BlockchainIST Center) was inaugurated at Bahçeşehir University (BAU). According to the center’s director Bora Erdamar, BlockchainIST is set to be “the most important center of research and development and innovation in Turkey in which scientific studies and publications are made in technologies.” Erdamar said that Turkey may have a chance to become the leading country in technology that will “transform humanity.” He underlined the importance of cooperation with other educational establishments, businesses, and institutions in order to conduct proper blockchain research and examine possible use cases. Meanwhile, other universities around the world have already embraced the benefits of distributed ledger technology, offering blockchain, smart contracts, and cryptocurrency-related courses. This year alone, Stanford University established the Center for Blockchain Research, supported in part by the Foundation, and major Brazilian university Fundação Getúlio Vargas started offering the country’s first Master’s degree in crypto-finance. Ripple also donated $50 million to 17 universities globally to support education in …

Here Is How Blockchain Will Help to Check Out Area

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Blockchain is utilized both by NASA and start-ups intending to equalize space.Space is a location that has been historically researched by few federal governments, being an intricate matter that requires extensive, high-class research and, therefore, substantial funding. More just recently, with the emerging appeal of audacious startups like SpaceX, space exploration has become a less unique area. Now, nevertheless, it appears that the cryptocurrencies’ primary features– blockchain, its underlying innovation, and the concept of an Initial Coin Offering (ICO), its crowdfunding model– are bringing in much more power into the previously unshared territory.Big players are adopting blockchain for area expedition: Area giants like the U.S. National Aeronautics and Space Administration(NASA)and the European Space Agency(ESA) are studying ways to use blockchain for their mission. Findings obtained so far suggest that the technology might be useful both on the ground(helping with data-related processes, much like in other mainstream institutions)and in space (helping to browse the deep area ). NASA In 2017, NASA granted a$330,000 grant that supported the advancement of an autonomous, blockchain-based spacecraft system, making its first approach blockchain adoption. Called the Resilient Networking and Computing Paradigm(RNCP), the brand-new system relies on blockchain and requires no human intervention, as the grant’s …

Roger Ver Sent Governor of Jeju Island $100 in Bitcoin Money, Did it Break Regional Policy?

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Roger Ver, a prominent cryptocurrency investor who has backed some of the largest companies in the global crypto sector such as Blockchain, Zcash, BitPay, and Kraken, recently sent the governor of Jeju Island of South Korea $100 worth of bitcoin cash at a Read More