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Bitcoin’s Big Price Drop Is the Latest in a Long History of Flash Crashes


On Wednesday, June 26, the price of BTC came close to reaching $14K. One hour later, it had dropped by close to 18%. Such events are known as a flash crash, a moment in time where a rapid-sell off happens and often times a few exchanges become inoperable. Over the last few years, especially when...

V20 Summit: FATF Puts Some Pressure off the Crypto Industry


Tom Neylan, head of the Policy Development Group within the Secretariat of the FATF, at the V20 Summit. Source: Twitter, @TeanaTaylor It seems that the Financial Action Task Force (FATF), a multi-government body, that scared the crypto industry with its new guidance, now tries to calm the companies...

Goldman Sachs Believes in Tokenization, May Follow JPMorgan - CEO


David Solomon, CEO of Goldman Sachs. Major investment bank Goldman Sachs is exploring the concept of tokenization and may play a role in it, CEO David Solomon told French publication LesEchos. Discussing fiat backed stablecoins, the CEO said that the bank believes in the potential of tokenization...

'Libra Will Destroy Stablecoins, Banks Will Become Dumb Warehouses'


Facebook's Libra will destroy all stablecoins, turn commercial and central banks into 'a dumb regulated warehouse for digital fiat money' and will finally bring new Bitcoin users, the outspoken Co-founder and CEO of major crypto trading platform BitMEX, Arthur Hayes, wrote in his newsletter. "I...

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