European Investment Fund Unveils €400M Blockchain, AI Initiative

The European Commission and European Investment Fund (EIF) has launched a new investment scheme for artificial intelligence (AI) and blockchain in Europe, the organization announced in a Nov. 20 blog post. The announcement reads:  “With the European Commission, we are launching a dedicated investment scheme that will make EUR 100m available to venture capital funds …

Facebook’s Announcement of Libra Was ‘Ridiculously Stupid’

CEO of blockchain firm R3 has ridiculed the way Facebook introduced its yet-to-be-released Libra stablecoin. Skepticism surrounding Facebook’s forthcoming Libra stablecoin continues growing as David Rutter, the CEO of enterprise software firm R3, said that the announcement of Libra this summer was “ridiculously stupid,” Financial News reported on Nov. 18. “Really naïve” Rutter delivered comments …

84% of Q3 Interest Came From Non-Crypto Hedge Funds

Grayscale’s Michael Sonnenshein contends that the asset manager’s recent Form 10 filing with American regulators would be “a milestone” for the crypto industry if it’s approved. Sonnenshein — managing director at the world’s largest digital asset manager, Grayscale Investments — made his remarks during an interview with CNBC on Nov. 20. Hedge funds after digital …

US Federal Reserve Exploring Digital Dollar and Its Effect on Monetary System

The United States Federal Reserve System is exploring the development of a central bank digital currency (CBDC) and what issues and risks it could potentially pose. Federal Reserve Board Chairman Jerome Powell provided a response to U.S. Representatives French Hill and Bill Fosters’ request on whether the Federal Reserve plans to launch a national digital …

China Digital Currency Launch ‘Definitely’ in 6-12 Months — Investor

China will “definitely” deploy its new digital currency within the next six months to a year, a local blockchain investor has said. Speaking to CNBC on Nov. 20, Edith Cheung, partner at blockchain-focused venture capital fund Proof of Capital, appeared convinced about the digital currency’s imminent arrival. Cheung: rollout could come in May 2020 “I …

Online Gaming Platform Lets Gamers Collect BTC In First-Person Shooter Game

Donnerlab, an online gaming platform that builds lightning games and applications, lets gamers hunt for Bitcoin (BTC) and pick-up “Satoshi cubes.” Shoot other players and collect satoshis In a tweet on Nov. 19, Donnerlab announced the launch of its latest project, titled Bitcoin Bounty Hunt, a fully lightning-native multiplayer first-person shooter (FPS) game. The Lightning …

Tassat and Blockfills Launch Trade at Settlement Product for Bitcoin

New York-based fintech provider Tassat is partnering with digital asset market maker Blockfills to launch an institutional Trade at Settlement (TAS) product for spot Bitcoin (XBT/USD). According to a Nov. 18 report by Hedgeweek, Blockfills — which specializes in digital asset electronic market making, trading and prime brokerage — will join forces with Tassat, formerly …