Japan Megabanks Kill Joint Blockchain Money Transfer Project, Turn to Their Own Cryptocurrencies

Three of Japan’s biggest banks have canceled a joint project of a blockchain-based peer-to-peer money transfer service. The three so-called Japanese ‘megabanks’, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group, said the joint venture was a duplication of their individual efforts. They thus saw no need to continue, according to the Nikkei Asian Review. Per the Japanese publication, the joint initiative would have allowed their customers to send and receive funds using email addresses or mobile phone numbers via virtual accounts linked to their bank accounts. Japanese Megabanks Partner With Fujitsu As previously reported by CCN

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Breaking: Facebook Crypto Project Acquires Blockchain Startup Specializing in Smart Contracts

Facebook’s secretive crypto division has reportedly made its first acquisition, quietly onboarding most of the research team from a blockchain startup that specializes in smart contract development. Facebook Acqui-hires Chainspace Researchers Citing unnamed sources, financial news outlet Cheddar reports that Facebook acquired Chainspace, a blockchain firm founded by University College London researchers. The Chainspace website describes its project as “a planetary scale smart contracts platform” that uses a “distributed web of blockchains for scalability, speed and privacy.” A banner at the top of the website reads: “We’re excited to announce that the team is moving on to something new. Chainspace

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Bitcoin-Hating Ex Starbucks CEO Howard Schultz Mulls US Presidency, Backs Blockchain

Billionaire Howard Schultz ― the bitcoin-bashing former CEO of Starbucks ― is considering running for US president because he’s disgusted with the bitter political gridlock he sees today. Schultz announced on Twitter that he would run as a “centrist independent” because he’s fed up with the entrenched, ineffective two-party system in the United States. I love our country,

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Bitcoin Troll Rips Crypto at Davos: ‘Overhyped’ Blockchain is ‘No Better Than Excel Spreadsheet’

By CCN.com: Bitcoin and cryptocurrencies are the mother and father of all bubbles, and blockchain is nothing more than a “fancy database.” That’s what bitcoin-bashing New York University professor Nouriel Roubini said at the 2019 Blockchain Economic Forum in Davos, Switzerland. Speaking on a one-person panel (perhaps so no one can challenge his anti-crypto FUD?),

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