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Governor of Puerto Rico Not Sold on Crypto

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Cryptocurrency has been leaving a big mark in Puerto Rico, with many newcomers appearing every day, however the Puerto Rican Governor is not a fan.

Puerto Crypto

Gov. Ricardo Rossello has denied a warm welcome for cryptocurrencies but he does support Blockchain technology as a “game changer”.

“Cryptocurrency is sort of an application of that — I am concerned with some of the reports that have been going on there on how this is being used,” Rossello said in an interview with CNBC. “So, in my view, there is still a lot of work to be done and giving clarity that this is not used for money laundering or it’s not used for other areas.”

“We would really, at least my administration, would like to take advantage of the blockchain component of it because it has transformative and disruptive components for business and for government,” Rossello said.

According to Puerto Rico they are the “friendliest locale in the United States for entrepreneurs, investors and service providers in the crypto-currency and blockchain arena.”

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Cryptocurrencies

Atari Announces Crypto Investment

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According to a press release, Atari is moving to create its own cryptocurrency, called the Atari Token. The token ill be Blockchain based, and it will be developed by Infinity Networks.

Atari Crypto

The company is also moving towards a partnership with Pariplay, an online casino gaming company. This will enable players to gamble crypto while playing their games.

There are also plans of a second cryptocurrency called the Pong Token, which will be used in crypto casinos.

Frederic Chesnais, Chairman and Chief Executive Officer, said:

“Blockchains technology is poised to take a very important place in our environment and to transform, if not revolutionize, the current economic ecosystem, especially in the areas of the video game industry and online transactions […] Our objective is to take strategic positions with a limited cash risk, in order to optimize the assets and the Atari brand.”

It seems strange that many companies that were not actually related to the crypto community are now taking the opportunity to make key investments in order to thrive on the market of the future ruled by digital currencies and Blockchain.

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Cryptocurrencies

Visa and Worldpay Duplicate Charges

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Visa and the company known as Worldpay have issued a statement today where they assume full responsibility for charging Coinbase users multiple times for a transaction.

Visa/Worldpay Duplicate Charges

Charges

Visa said earlier on Friday:

 “not made any systems changes that would result in the duplicate transactions cardholders are reporting.”

The recent statement clarified the issue:

“Over the last two days, some customers who used a credit or debit card at Coinbase may have seen duplicate transactions posted to their cardholder accounts. This issue was not caused by Coinbase.”

They also said that:

“If you continue to have problems with your credit or debit card account after this reversal period, including issues relating to card fees or charges, we encourage you to contact your card issuing bank. We deeply regret any inconvenience this may have caused customers.”

Brian Armstrong, CEO of Coinbase said that he was glad to see the record set straight.

 

 

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The Largest Blockchain Education Network

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Robyn Shulman from Forbes recently got the opportunity to speak with Jeremy Gardner and Jinglan Wang from the Blockchain Education Network, to discuss about their lives in the BEN.

Blockchain Education

 

Robyn Shulman: Jeremy, can you tell us about your life, how you got into Bitcoin, your businesses and the founding of BEN?

Jeremy Gardner: In late 2013, after working for the Governor of Massachusetts and the woman who is now Attorney General there, I realized a career in politics would not enable me to improve the world better in my twenties. Thus, I sought a new way to have a broad social impact.

Shulman: What did you do?

Garnder: I transferred to the University of Michigan in the winter of 2014 and happened to move in with a young Bitcoin enthusiast, who encouraged me to learn about this nascent technology and join the “UM Bitcoin Club.” At the first Bitcoin Club meet-up, a reporter came and asked questions, and mentioned that there were Bitcoin clubs at MIT and Stanford.

Shulman: This is where it all began?

Gardner: Yes, that night, I got on a call with the heads of all the clubs, and at the end of the call, I suggested we create a nonprofit organization to coordinate our activities.

Shulman: How long did that take?

Gardner: Only one month later, what is now the Blockchain Education Network, we were incorporated. By the end of the semester, we had over 100 chapters, in twenty-plus countries, on every habitable continent.

Shulman: And you began launching businesses through the network, correct?

Gardner: Yes, through the nonprofit, I would meet a brilliant 18-year-old computer scientist, named Joey Krug, and we would go on to help found Augur, one of the first decentralized applications built on top of the Ethereum blockchain.

After our ICO, which was one of the first ever, I joined a local San Francisco venture fund, Blockchain Capital, as an entrepreneur-in-residence and investor. While there, I became the founding editor Distributed magazine and the co-founder of a legacy database security company, SAAVHA. As of this year, I am launching a hybrid venture-hedge fund, called Ausum Ventures, which focuses on making broadly impactful investments in the blockchain space.

Shulman: Jinglan, Can you tell me all about BEN?

Jinglan Wang: The Blockchain Education Network is a global web of over 3,000 students with 300+ chapters in 60 countries. Our mission is to help create a world that is more open and free, by promoting technological literacy with decentralized technologies because we believe in autonomy, financial sovereignty, and access to truth.

Some of our chapters include MIT, University of Toronto, Fudan University, University of Michigan, Oxford University, UC Berkeley and Wellesley College in no particular order.

Shulman: Have you run into any resistance to build out these organizations given the current climate of this technology?

Wang: In the past, several clubs found some resistance with the administrations at their schools. Some administrations felt that Bitcoin still had a shady reputation and didn’t want to have it associated with the university name.

Gardner: As blockchain technology has become more mainstream, they’ve even been quite encouraging.

Shulman: What’s it like to be part of BEN?

Wang: BEN teams have placed at every single hackathon that they’ve been part of to date. We’ve sent 500+ students to conferences around the world and launched dozens of free and open education initiatives globally.

Young innovators have found their co-founders through our network, launched their startups from hackathons we sent them to, and most importantly, made lasting friendships through shared passion for blockchain technology.

To read more click here

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