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How US Congress Can Make Stablecoins and Libra Irrelevant
16.7.2019
Source: iStock/Uko_Jesita
It is well-known by now that U.S. lawmakers and now even members of President Trump’s cabinet are highly skeptical about Facebook’s proposed Libra stablecoin. And although regulators and governments in parts of the world have tried their best to control digital tokens...
Watch the Facebook Libra Hearing Live Now
16.7.2019
Facebook's hearing in front of the U.S. Senate is live online and we will be running commentary all day
Tether Accidentally Minted $5 Billion of Its Stablecoins, Then Deleted Them
16.7.2019
Stablecoin issuer Tether accidentally created $5 billion-worth of its USDT stablecoin at the weekend, before promptly destroying them again
Facebook’s Libra Should Be Regulated Like a Security, Says Former CFTC Chair
16.7.2019
Former CFTC Chairman Gary Gensler believes Facebook's Libra looks – and should be regulated like – a security
Spain Thwarts Bitcoin ATM Scam, Prompting Regulatory Debate Worldwide
16.7.2019
Bitcoin ATMs are not currently governed by EU money laundering regulations, and arrests coordinated by Spanish police and Europol in May are bringing new focus to this loophole. A group of eight Spanish and Latin American individuals have been arrested, along with several of their associates,...
Crypto Companies Rush to Capitalize on Amazon Prime Day
16.7.2019
Another Amazon Prime Day is upon us, offering to its Prime subscribers various, deep discounts on pretty much anything sellable and purchasable, and some crypto companies have decided to join this hunt for best deals, offering their own discounts.
The annual shopping holiday launched on July 15th...
Traditional Money Could Be ‘Surpassed’ By E-Money, Stablecoins: IMF Paper
16.7.2019
A new IMF paper suggests that cash and bank deposits could be left behind as digital money and fiat-pegged cryptos see greater adoption
LG Claims Blockchain First with Insurance Platform for Mobiles
16.7.2019
Source: Instagram, LG
Mobile carrier LG U+ (the telecoms arm of the LG Group) says it will begin offering blockchain technology-powered mobile phone insurance as of July 17.
The carrier says that its product will allow customers to receive same-day compensation for damage done to handsets, and will...
Hackers Are Turning Binance’s Stolen Bitcoin Into Fiat
16.7.2019
Another tranche of stolen funds have hit exchanges and are being turned into fiat
Key Bitcoin Price Indicator Turns Bearish in First Since December
16.7.2019
The widely tracked MACD bitcoin price indicator has turned bearish for the first time in seven months
German Giant Siemens Explores Carsharing on Blockchain
16.7.2019
German tech giant, Siemens, is reportedly looking into ways to utilize blockchain to use for a number of use cases, such as improving manufacturing, mobility, supply chain, and carsharing, among other areas.
Currently, the company is at the point where they have finished testing and explorations...
Binance Eyes Launch of Crypto Exchange in South Korea
16.7.2019
Binance is "working with local partners" on the launch of a branch in South Korea, CEO Changpeng Zhao has reportedly said
Crypto Companies Offer Deals to Amazon Prime Day Shoppers
16.7.2019
These three blockchain firms are offering discounts in honor of the Amazon ecommerce extravaganza
Huobi Won't Follow Binance's 'Radical' BNB Burn; Mulls Balanced Shift
16.7.2019
Singapore-based crypto exchange Huobi Global said it will not make a “radical” burn decision, such as the one their competitor Binance made, but will go for a "more balanced shift".
This consideration for a more balanced solution comes after cryptoverse’s recent debates over the exchange buybacks...
Bitcoin and Altcoins Recovery Could Accelerate if BTC Breaks USD 11K
16.7.2019
There was a significant decline in bitcoin and altcoins in the past three days. BTC/USD even tested the USD 9,800 level and recently formed a support base near USD 10,000. As a result, the price started an upside correction and broke the USD 10,400 and USD 10,600 resistance levels. Similarly, there...
Top Republican Touts Blockchain Privacy as Alternative to Regulating Big Tech
16.7.2019
U.S. House minority leader Kevin McCarthy has argued for the use of blockchain networks in protecting users' data from "exploitation."
Market Buoyed as US Treasury Sec Backs Trump’s Anti-Crypto Sentiments
16.7.2019
Source: YouTube/[URL="www.youtube.com" target="_blank"]CNBC[/URL]
Politicians on both sides of the Atlantic had contrasting messages for Facebook and its forthcoming Libra project, as the social network begins its grilling at the hand of both American houses of parliament.
In the United States...
Polychain Leads $7 Million Round in Crypto Trading Desk Altonomy
16.7.2019
Altonomy, a trading desk and cloud mining company, has raised $7 million in equity investment
Bitcoin Cash Multi-Party Escrow, Retail Adoption, and Upgrade Discussions
15.7.2019
Another week has passed for the Bitcoin Cash (BCH) community and as usual, there’s been a bunch of announcements and developments. BCH supporters this week saw the release of a multi-party onchain escrow system, Ethereum cofounder Vitalik Buterin discussed using the BCH chain as a data layer...
Huobi’s Burns 116 Percent More Tokens Amid Quarterly Revenue Gains
15.7.2019
“There are two big trends reflecting the size of this quarter’s buyback. The first is a rapidly strengthening market for digital assets and the other is the increasing popularity of our entire product line," said Huobi Group CEO, Leon Li