Private Equity Moris Beracha Wuani

By Catie Keck Facebookcoin, or whatever we’re calling it, is reportedly getting even closer to becoming a reality. Following previous reports that such an project was underway, the Wall Street Journal , citing sources familiar with the matter, reported Thursday that Facebook has been in talks with “dozens” of financial groups about its super-secret cryptocurrency initiative, which is apparently code-named “Project Libra.” Take from that information whatever you wish. According to the Journal, Facebook sees the project as a way to further integrate itself into the lives of its users—no surprise there—by developing a coin that can be used on Facebook and across the internet as easily as users use their Facebook credentials as login information for other websites and services. Unsurprisingly, because this is Facebook, the company is also reportedly looking at ways to link the project to ads: One idea being considered is that users could click ads to buy a pr...

By  Moris Beracha .- There are food and sweet vending machines all over the world. Therefore, this market has become the target of some developers, who are working to enable people to pay for products into vending machines with cryptocurrencies. It can be highlighted that the energy drinking company “Red Bull” installed the first energy drink machine that only accepts bitcoins (BTC) in 2016, amid the Paralelni Polis congress of hackers in Prague, the Check Republic. Then, the price of tokens dropped and many companies that planned to develop this type of technology decided to turn a blind eye, until in 2019 they decided to take up said systems. In this sense, it is important to mention that a Brazilian programmer and hardware hacker created a Coca-Cola vending machine accepting payments in BTC. The machine also accepts Lightning Network (LN) transactions. According to the  TheNextWeb  site,  “this machine has been assembled by using a water pump, a to...

By Ana Berman An official from Spain’s central bank , the Bank of Spain (BDE) believes that Bitcoin ( BTC ) is unable to resolve the problems faced by major payment systems. BDE’s Deputy General Director for financial innovations and market infrastructure, Carlos Colesa, gave his opinion on the leading cryptocurrency in a report published on Sunday, Feb. 17. The study dubbed "Bitcoin: a solution for payment systems or a solution in search of a problem?," is marked as an “occasional paper,” according to Cointelegraph en Español . This  means that the Bank of Spain does not necessarily share the stance of the author. Colesa compared Bitcoin to traditional payment systems and financial intermediaries. First, he says that the Bitcoin blockchain processes only 250,000 transactions daily, which is a relatively small volume for a global system. For instance, major Spanish retail system, the Sistema Nacional de Compensación Electrónica (SNCE), reportedly...

By Moris Beracha .- The serious economic crisis in Venezuela has forced citizens to use electronic means of payment, including cryptocurrencies. The high prices of products and services, besides cash shortage, is driving companies and businesses every day to find ways to exchange digital assets for the purchase and sale process. In a press release, the Church’s Chicken fast food chain informed that 10 of its 13 restaurants nationwide will accept payments using the cryptocurrency Dash. “Given the technology development worldwide, we were interested in not only remaining as a fast food chain restaurant, but being an icon in the financial and commercial economy of the country.  Also, since other payment methods are managed globally and due to the financial problem we have in Venezuela, we believed and bet that we, even if we had economic problems, had a fundamental tool to develop in a complex country,” said Church’s Chicken’s Human Resources Direct...

By Nikita Malik | Forbes  Bitcoin photo credit: Getty Getty According to a 2015 Europol report , bitcoin was used in over 40% of high profile investigations involving payments between criminals in the European Union. To understand why this is, we must examine the anonymity that such a service offers. Bitcoins are created through a process of ‘mining’ to verify each transaction on the blockchain. While information regarding each transaction is recorded on the blockchain, it is not directly linked to names, physical addresses, or other identifying information. This makes it anonymous to a certain degree, and complicates efforts by law enforcement agencies to identify individual transactions and link them to users. Terrorists and criminals use bitcoin for illicit transitions, as it provides financial security. The blockchain acts as an impartial intermediary, ensuring that coins are irrevocable once spent. The network hampers any attempt made to...