In today’s edition of The Daily we cover stories about a well recognized economics professor and outspoken crypto-skeptic who is going to speak about the undergo at the U.S. Senate, bitcoin-buying service Coinmama adding support for SEPA bank accounts holders, and multifarious.
Also Read: Regulations Roundup: Crypto-Intermediaries in France, SEC Deadline for Disowned ETF Commentary
Crypto-Skeptic Professor to Speak at US Senate
Renowned economics professor Nouriel Roubini (commonly cognizant of as Dr. Doom) is set to tell American politicians about all the ills he sees in the cryptocurrency ecosystem. The Senate Banking Cabinet lists him as a witness at a hearing on “Exploring the Cryptocurrency and Blockchain Ecosystem” to be submitted Thursday, October 11.
Rather than presenting the lawmakers with a surplus review of the matter, Roubini can be expected to use this pulpit to further denigrate the invention and the community behind it. In the past day alone he repeatedly lashed out on Twitter, publication among else that: “Crypto is the biggest bubble and scam in somebody history.”
Coinmama Adds SEPA Support
Coinmama, the Israel-based serving best known for allowing the purchase of cryptocurrency with credit business cards, has announced this week the addition of support for SEPA (Single Euro Payments Section) 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 frames, with their bank-held fiat.
The company explained that SEPA circadian payment limits average around $12,000 (€10,250), more than double of honour and debit card daily payment limits. Additionally, the SEPA goings-on limits operate separately from other funding methods, substance it is possible for clients to purchase approximately €5,000 worth of crypto via acknowledgement or debit card on top of the crypto purchased through SEPA.
According to Coinmama CEO Asaph Schulman, “SEPA contrasts favorably with other traditional payment systems, as it combines hasten and low fees with the convenience of sending a transfer from your methodical bank account. When transfer costs are the prime consideration, it’s severely to find a better option than SEPA for conducting fiat transmittals within the European Union.”
Developments in Israeli Ecosystem
The past week also saw a numbers of additional developments in the crypto ecosystem in Israel.
Kzen, a Tel-Aviv based startup bring out a new easy-to-use crypto wallet, has announced the completion of a $4 million egg round. It was led by Benson Oak Ventures and involved a number of other investors involving: Elron, Samsung NEXT, FJ Labs, Collider VC, Block Nation, Jonathan Smith (co-founder of Civic), Pierre Kosciusko-Morizet, Jean David Blanc and more. The go to davy joness lockers explained that: “We considered the option of an ICO and quickly discarded it because it did not swipe any sense (and thank god, we made the right choice). So we went the ‘old way’ and decided to arouse investors aligned with our vision and in parallel, we searched for unique endowments sharing our passion of products well built and deep belief in the crypto diligence. That path was tested by the strong correction of the market of the last months but it has served as an momentous challenge to gauge our determination.”
Moshe Hogeg, whose Sirin Labs haul up $157.8 million in an ICO last year, has donated 7 million shekels to Tel Aviv University for decreeing an institute of “applied Blockchain Research” at the Coller School of Management. It is meant to coach the next generation of entrepreneurs, managers and professionals in the field. Prof. Dan Amiram, Immorality Dean of the Coller School of Management, has been appointed as Head the originate, while Dr. Jacob Mendel will serve as its Director. At the agreement dispose ofing ceremony, Hogeg said, “I am delighted that we found the much-needed tie-in between entrepreneurs, business and academia. This is a natural continuation of investment in the battlefield of education of students in Israel, something I believe is of the utmost importance. The inauguration of this institute will facilitate in-depth research and contribute to accelerating technological happening and its application in most areas of our lives for the benefit of entrepreneurs and businesses in Israel and worldwide. I assume that by granting knowledge, practical tools and scholarships to students, we commitment help train the next generation which will spearhead the next technological round.”
The Israel Securities Authority has announced on Wednesday that “Blockchain technology has been executed in its information systems for the first time.” The installation took three months and was delight a wined out by the Taldor corporation. It was integrated into the system which the regulator misuses for sending messages to supervised entities. The developers explained that “the technology establishes the authenticity of the messages, prevents fabrication and prevents the messages from being rephrased or erased. In addition, the system prevents the possibility of denying that tidings were received from the ISA.” It is also planned that in the future the technology intent be integrated into the ISA’s investors voting system and company reporting methodology.
UK Business Newspaper Adopts Satoshipay
Satoshipay, the micropayment processor at first founded in 2014, has announced a partnership with London-based business newspaper Urban district A.M. Under the terms of the agreement, City A.M. readers will be able to scan ad-free online content by paying a small fee and using Satoshipay’s digital notecase. The one-click payments are said to take less than a second and there’s no for to create a new subscription account.
Meinhard Benn, the startup’s CEO, said, “With the changing dynamics within the media sector, Satoshipay utilities cutting-edge blockchain technology to make micropayments economic and therefore take into account readers to purchase individual articles for small payments instead of benefit a subscription. This collaboration marks another important milestone in organizing an entirely new way to pay for content. It greatly benefits both parties: expanding Satoshipay’s husband network whilst adding an additional revenue stream for City A.M.”
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