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Bill Clinton Is Set To Keynote This Year’s Ripple Keynote Conference

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The annual conference Swell by Ripple is getting more and more popular every year. One of the reasons for the high popularity is the fact that it invites global leaders from the policy, payments as well as technical fields to come and speak on the topic of blockchain – and how it can be used to benefit society at large.

A recent tweet from Ripple is supposedly going to make this year’s edition of the Ripple conference even more popular. According to it, the former US president Bill Clinton is set to keynote this year’s edition of the conference.

As Ripple noted in a news release, President Clinton “helped usher in a period of extreme growth and adoption of the Internet and established programs that brought new technology to communities around the world to help bridge the digital divide.”

The news was also officially confirmed on Twitter:

The Swell conference will take place in Ripple’s native San Francisco, CA and is scheduled for October 1st this year. All of the attendees will have the opportunity to hear from some of the leaders in blockchain technology as well as businesses which are implementing the technology.

They can also learn about new market opportunities in “remittances, corporate marketplaces, and e-commerce” and in that way understand the different frameworks for regulating virtual assets.

The sessions will include “Flashtalk: How to Launch A Payments App For Millions”, where Ripple customers “share what it took to launch the first mobile application,” “Central Banks Show and Tell,” where bankers “share their experiences with blockchain,” and the “800 Pound Gorilla,” where “experts answer the big questions around adoption of digital assets.”

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Altcoin News

Libra Hearing To Be Held In July By US House Of Representatives

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The House Financial Services Committee of the United States will be apparently holding a hearing on the social media giant Facebook and its proposed virtual currency Libra on July 17, according to a press release which officially went live on June 24. The Libra hearing announcement comes by way of the committee chairwoman Rep. Maxine Waters, who previously called on Facebook to cease the work on Libra until the Congress and regulators had a chance to scrutinize the proposal.
“Given the company’s troubled past, I am requesting that Facebook agree to a moratorium on any movement forward on developing a cryptocurrency until Congress and regulators have the opportunity to examine these issues and take action," Rep. Waters said back then.
Her public statement on the Libra hearing also included a comment on the lack of uniform regulation in the crypto market and pointed out that regulators should view Facebook's plans for Libra as "a wake up call to get serious about the privacy and national security concerns, risks in cybersecurity as well as trading risks which are posed by cryptocurrencies." The Senate Banking Committee, as the latest cryptocurrency news show, is also reportedly scheduled to hear about the details of Libra the day before that (July 16) in a session called "Examining Facebook's Proposed Digital Currency and Data Privacy Considerations." The Libra hearing has been a hot topic in the altcoin news. As we previously reported, France is heading the efforts to create an international task force that will regulate cryptocurrencies via central banks. This task force will reportedly be a G7 committee that will operate under Benoit Coeure, a board member of the European Central Bank. Meanwhile, France is reportedly against the Libra project and it operating as a sovereign currency, the coming altcoin news show. The country is concerned about how to enforce regulatory compliance, such as for anti-money laundering laws. As many best cryptocurrency news sites reported, Facebook is planning a revolution with the Libra project - and the Libra hearing is only going to aid it - if things go as planned. There has been no official statement or fresh update from the chief at Facebook, Mark Zuckerberg.
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Bitcoin SV Data Shows The Altcoin Is A ‘Ghost Town’: Analysis

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Bitcoin SV data analysis shows that the digital asset is basically a ‘’total ghost town’’ according to analyst Kevin Rooke who tweeted earlier today and we are reading more about it in the latest cryptocurrency news below. The purpose of the Bitcoin SV fork was to increase the capacity for millions of transactions and make the entire base layer of the cryptocurrency competitive with major credit card companies such as Visa or Mastercard. This is the reason why Bitcoin SV developers want bigger block sizes mainly in gigabytes in order to be able to handle the traffic. The big data centers can handle the transaction volume but people are becoming more concerned about the centralization that comes with the barriers. Inevitably, a lot more money is needed to run a mining outfit that has to process thousands of gigabytes per week and in that case, in order to serve them all, more bandwidth is required. With all of this Bitcoin SV data provided, there seems to be a demand for all the block space. However, according to Rooke, there is no demand and the failure of any cryptocurrency is the inability to gain any real traction. Bitcoin SV proponents are often at odds but they have similar goals with Bitcoin Cash. The only difference is that the BCH altcoin is more popular. Bitcoin Cash is not the only big competitor to Bitcoin SV. There are many of the cryptocurrencies with major popularity which boost their adoption including Bitcoin, Ethereum, TRON, and EOS. As noted in the coming altcoin news, the point of building better-scaling blockchains like those that Craig Wright wants to achieve is that scalability is always necessary after all and this comes at the heart of the criticism. Bitcoin and Etehreum are the only blockchains effectively which face scaling limitations currently. The Bitcoin blocks are crowded so the fees are getting higher. The Lightning Network adoption is still far from over. Many in the crypto community believe that Facebook’s crypto project Libra will bring alone a huge influx of new users but in this case, the currency with the easiest usage will see the most demand.
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Zcash’s New Upgrade Will Make Crypto Privacy More Accessible

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Zcash’s new upgrade has been at the forefront of the entire crypto industry for quite some time now. By market cap, the altcoin is the 23rd largest public digital asset and compared to other digital assets, Zcash has a large community and user base. More about this update we read in our latest cryptocurrency news below. Zcash in its nature was not enough for the founders so the company backing up the asset-The Electric Coin Company proposed Zcash’s new upgrade. During the ZCon1 In Croatia, the developers announced that they are looking to build a better blockchain for Zcash which could be used by more than 10 billion people.  For quite some time now, Monero and Zcash are known to be the forerunners in the cryptosystem because of their privacy features. While Monero became extremely popular with low transaction times and immense fungibility, Zcash has not so the blockchain cannot enable private transactions by default yet. As noted by Decrypt, however, the Electric Coin Company will change how Zcash works and will make the crypto anonymous, easier to use and increase its accessibility to a global population. The company will build a brand new blockchain and will throw away the current chain since 2016. The company also pointed out that it will involve sharding in the chain. Sharding became a leading scaling solution mainly for the Ethereum developers who intend to implement Proof of Stake and sharding in the next two years. The mechanism splits information in a database into different servers and this is why cryptocurrencies could allow for different groups of nodes in one blockchain to process different requests. As noted in the coming altcoin news this Zcash’s new update will be entirely separate from the current Zcash chain. When the new digital assets get activated, there will be no need for much effort to ensure that the users are doing the right thing. However, it is unclear how this new system will work. The upgrade aims to revolutionize Zcash’s place in private finances. Currently, less than 2 percent of all transactions are with the help of the on-chain privacy mechanism since shielded transactions can be more expensive.
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Coinmine: The Home-Based Bitcoin Crypto Miner

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Meet Coinmine - a new cryptocurrency mining device that is aimed at the hobbyist market and is perfect for giving users the option to be paid in Bitcoin. According to the latest cryptocurrency news, this device was aimed at the hobbyist market and is a real breakthrough for many users. Designed to mine Monero (XMR), Zcash (ZEC), Grin and Ethereum (ETH) at launch, this crypto miner had a low enough difficulty threshold to allow for the average miners to see a minimal return. The recent addition of Bitcoin payouts, however, made Coinmine a lot more popular and gave miners a great incentive to try the $799 ($699 with a special Bitcoin discount) product. The founder of Coinmine, Farbood Nivi, was featured on many best cryptocurrency news sites for his statement which said:
“To get you the most bitcoin possible from your Coinmine One, we had to engineer MineOS to automatically mine whatever crypto converts to bitcoin at the highest rate and then exchange it to Bitcoin for you and put it in your wallet. This way you’re getting way more Bitcoin than if the device was mining Bitcoin directly.”
The Coinmine box, however, is not designed to make quick millionaires. According to Nivi, it is a testbed and experimental product for those who want to dip a toe in the mining process. Given its strict resource requirements of high stake mining, it offers a less energy intensive option.
“At today’s numbers, your Coinmine One will generate about $15-20/month of bitcoin in USD prices,” said Nivi. “Of course, that number changes based on the future value of Bitcoin. If the value of Bitcoin appreciates, so will the value of what you made with your Coinmine One.”
According to Nivi, Coinmine is also a cheaper and faster way to take part in networks like Lighting. For this, he was featured in the altcoin news several times.
“The time to build and maintain a comparable device with mining and a Bitcoin Lighting Node is about $400 if your time is worth $20/hour and it takes you 20 hours to research and build the hardware and software,” he said. “The parts for a miner and a Bitcoin Lightning Node could cost you $500 easily. That’s $900, and you still would have to control your DIY device from a command line with a monitor and keyboard instead of an app you can just tap on.”
Coinmine will be rolling its BTC update today and users will be able to mine but also "put their crypto into work" as Nivi noted.
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