SEE: How blockchain will disrupt business (ZDNet/TechRepublic special feature) | Download the free PDF version (TechRepublic) “ GCOX helps celebrities leverage their popularity like never before by creating their own exclusive, individualized crypto, known as Celebrity Tokens. Through single products, services, and social interactions, GCOX revolutionises the way celebrities interact with their fans, giving the public unparallelled access to celebrities. ” the company said in a blog post. “ GCOX ‘s integral premise is built upon its four core platforms : Celeb-listing, celebreneur, celeb-connect, and celeb-charity, which in flex are based on GCOX ‘s proprietary blockchain known as Acclaim. ” The Pac can merely be used to purchase goods within programs supported by Pacquiao ‘s digital requital system “ Pacpay ”, which only supports the purchase of Pacquiao trade. previous celebrity-backed cryptocurrency ventures have been unsuccessful thus far, with boxer Floyd Mayweather and music producer DJ Khaled being charged final class by the US Securities and Exchange Commission ( SEC ) for failing to disclose that they were paid to promote a cryptocurrency called CentraCoin. Mayweather received $ 100,000 to promote the digital token by saying on social media : “ Get yours before they sell out, I got mine ”. Khaled, interim, called CentraCoin a “ game changer ” on Twitter for $ 50,000. The company behind CentraCoin was finally charged by the SEC as the entire system was deemed deceitful. Pacquiao is the first celebrity to launch a cryptocurrency that uses fans to immediately prop up the value of the currentness. early celebrities such as singer Jason Derulo, tennis star Caroline Wozniacki, and early soccer musician Michael Owen are reportedly set to launch their own fame tokens later this year.
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Employees connect nuclear plant to the internet so they can mine cryptocurrency The ukrainian Secret Service is investigating the incident as a electric potential security breach. IRS begins tax clampdown on unreported cryptocurrency profits If you ‘ve been trading but not declaring, the tax service might be on your case. Japan to create SWIFT replacement for global cryptocurrency trading The platform will be designed to prevent money laundering presently made possible through virtual assets. Regulators from Australia, Canada, UK hit Facebook with Libra privacy concerns Facebook ‘s history of mishandling data has come spinal column to haunt it as the privacy and regulative residential district team up to probe the social media giant star on Libra.
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Top 5 things to know about Libra cryptocurrency ( TechRepublic ) Facebook has announced plans to start a cryptocurrency for on-line payments. Tom Merritt lists five things you should know about Libra .
Category : Economy
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