It’s no secret that government agencies have had crypto firms in their sights since inception. Between legal actions in a hostile regulatory environment and litigation from private individuals seeking to take advantage of these firms, it has been challenging for newer crypto projects to launch and succeed. Case in point – Ripple, the $10 billion fintech firm known for its XRP cryptocurrency, is now considering a move to London from its San
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Bitcoin has had a bumpy ride this year. In March, during the height of coronavirus fears, a market panic and crash led to a dramatic drop in its value to $4644 per coin. Since then, it gained 275% in its price, and bumped up 8% higher after news broke that PayPal would begin accepting Bitcoin. It is now trading above $12,000 per coin as of this writing – its highest price since June 2019.
The last time Bitcoin held onto a price above $12,500 for
This week, on October 19, 2020, US Federal Reserve Chairman Jerome Powell made a statement that may have been missed by many, though it was noticed by some members of the META 1 Coin and cryptocurrency communities. Powell said the Fed is willing to work with the private sector on the possible development and launch of a digital US Dollar, though he emphasized that the US central bank has not yet fully committed to launching one.
At an International
META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom.
According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties
PayPal announced last week they will begin allowing users to buy, hold, and sell crypto on its network, as well as shop using digital currency. The company also plans to expand these features to Venmo as well. They are waiving service fees when buying or selling cryptocurrency through December 31, 2020, and there are no fees for holding cryptocurrency in a PayPal account.
According to their website, the move was motivated by the wider adoption of
META 1 has developed a series of Smart Contracts to assign and verify assets on the META Blockchain and to ensure all aspects of operations are executed properly. Smart Contracts, simply stated, are a set of rules applied to a cryptocurrency coin. They are unbreachable contracts on the blockchain.
META 1 Coin is unique among cryptocurrencies because of the way its Smart Contracts validate transactions on the blockchain and provide stability. META
In Part 1 of this two-part article series, we defined Smart Contracts and examined three important contracts that are part of META 1 Coin. Now, we’ll continue our explanation of the remaining Smart Contracts that are responsible for the operations and stability of META 1 Coin.
Smooth Allocation Smart Contract
The Smooth Allocation Smart Contract enables newly acquired assets to add value to the META 1 Coin slowly. This Smart Contract facilitates
Prior to the modern era, people traded goods with each other based on what they grew, owned or made. As the size of traded goods grew larger, it became too burdensome to carry and the use of items of value, such as gold, silver, and other precious metals became much easier to use instead. In particular, gold was often used in the form of coins because of its scarcity and substantially higher value.
As the weight of gold and other coins grew heavy
META 1 Coin Trust is finalizing preparations for the upcoming public launch of our asset-backed cryptocurrency known as META 1 Coin. Unlike other popular cryptocurrencies, META 1 Coin is secured by a gold-backed reserve to facilitate stability and help reduce the potential impacts of speculation and volatility.
This public launch follows a recently successful Private Coin Offering (PCO) that generated substantial interest from newcomers, as well