20,000 Helbizcoin Investors Accuse Company of Trying to Destroy Evidence, Seek Court Injunction

20,000 Helbizcoin Investors Accuse Company of Trying to Destroy Evidence, Seek Court Injunction

A group representing about 20,000 investors in Helbiz Inc has filed a motion seeking a temporary restraining order and preliminary injunction against the company. Investors want a motion granted to stop the company from destroying smart contracts that supports Helbiz Inc.’s ERC20, a token also known as Helbizcoin (HBZ). The application was filed on 6 July 2020. According to a motion filed at United States District Court Southern District of New York, the plaintiff, Ryan…

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Zimbabwe’s Battle To Control Currency Inadvertently Boosts Bitcoin Profile

Zimbabwe’s Battle To Control Currency Inadvertently Boosts Bitcoin Profile

Zimbabwe’s deteriorating economic situation is forcing authorities to sign off on some desperate and controversial decisions. Some of such decisions include the abrupt suspension mobile money as well as the recent designation of Zimswitch as a national payment switch. Reserve Bank of Zimbabwe Suspends Mobile Money Service Owned by banks, Zimswitch is the current payments switch to the same financial institutions. This designation has been made to, ostensibly, enable interoperability between financial services providers. In…

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Christophe Cieters: Monopoly Money

Christophe Cieters: Monopoly Money

As money developed and people opted to place it in secured storage, banks started issuing banknotes which represented a client’s deposit at the bank and the promise to redeem each note for the amount of gold it represented at a 100% reserve rate. **The following essay was written by Christophe Cieters and published on March 3, 2016. “Monopoly Money” was originally published on the website notbeinggoverned.com, and is reprinted here on Bitcoin.com for historical preservation….

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