In the recent blockchain news, we have Stellar and its blockchain which recently got a new stablecoin that is designed to hold its value with the Australian dollar (AUD) and is right now being pitched for consumer and business uses.
Originally announced at the Money 20/20 conference in Las Vegas, the new stablecoin will be issued by Novatti Group, an Australian online payments processor. The Novatti AUD Utility Token will begin its sale on November 19th and will be backed 1-for-1 with the AUD held in a trust.
Traditionally, stablecoins have been a cryptocurrency that is pegged to the value of a dollar – but in this case – the Novatti AUD token will be pegged to the Australian dollar. With this, Novatti envisions it being used for more common use cases such as remittances or purchases.
The managing director of the company, Peter Cook, recently stated:
“We think that people will use them [stablecoins] to help purchase goods from Australian enterprises. And we think that will also use them for the payment of bills or for services inside of Australia.”
Currently, Novati is a licensed payments distributor that processes payments for clients such as Vox Telecom (Europe) and MoniSend (a remittance provider in South Africa). As Cook announced, Novatti’s clientele will expand and will be mostly comprised of “licensed money service businesses, banks, and enterprises, who want access to digital assets,” which will give the company’s users a great deal of trust.
Bollywood Actors Involved In ‘’Cashcoin’’ $14 Million Crypto Scam
“I will be in Surat on January 5, 2017, for promoting Cashcoin. As we all know that the future belongs to the cashless trend, we also know how much important role cryptocurrencies would play. So, we’ll meet at the event to know more about Cashcoin.”The police believe Khan received a lot of money for promoting the scam. If the police prove they are right, Khan could face compensation for the investors’ losses and could potentially go to prison for charges of fraud, criminal conspiracy and breach of trust. Shahbaz Khan’s involvement in crypto scams is not the first in the Bollywood world. Before him, there were actors such as Shilpa Shetty and Zarine Khan who promoted other scam crypto projects. In cases such as this one, the police commissioner said:
“These people have been brand ambassadors for this company, endorsing their products and going for their meetings. We came to know they have received huge remuneration and traveled abroad with the company representatives. This is a serious offense.’’Other Bollywood actors who got involved in a crypto scam include Vivek Oberoi who is set to play the key role in Prime Minister Narendra Modi’s biopic, also was involved into taking bribes for promoting political parties in India by accepting cryptocurrency as payments.
Not So Popular: Justin Sun Apparently Has Fake Twitter Followers
“Those followers are as authentic as Jussie Smollet’s beatdown story.”Another commenter believed that getting the police and the Federal Bureau of Investigation involved is the right thing to do in order to bring truth to the crypto community. Justin Sun is believed to be a master at marketing and this is one of the reasons the crypto community can be happy about since his strategies seem to work on investors, dapp users and crypto exchange owners. It’s not a foul play but it sure is very close to the line that you should not cross.
Singapore-Based Blockchain Accelerator Partners With BMW & Intel
Binance Announces Major Changes To Launchpad Token Sale Format
“Other market participants may view this as an opportunity, and countertrade to even out the fluctuations.”The Binance Launchpad is the company’s token launch platform, as the name says, and in most recent times it has concluded a $4 million sale of the Celer Network (CELR) token seven days ago. The platform also conducted the Fetch.AI (FET) token sale and was able to raise about $6 million in just 20 seconds back in February. As previously reported, multiple changes were done to the Binance Application Programming Interface that shows how the company is working hard on implementing margin trading. A week ago, LBank and Bit-Z both of which are exchanges, overtook Binance on the adjusted trade volume according to the rankings on CoinMarketCap but the newly found reports show that most of their volume is fake.
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- Bollywood Actors Involved In ‘’Cashcoin’’ $14 Million Crypto Scam
- Not So Popular: Justin Sun Apparently Has Fake Twitter Followers
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