Category: cryptocurrencies

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Zuckerberg: Facebook Would Leave Libra if It Launched Too Early

In a Congressional hearing on Oct. 23, Facebook CEO Mark Zuckerberg expressed confidence that a lot more firms will join Libra eventually. Facebook could withdraw from the Libra Association — the governing body of the eponymous stablecoin project — should it launch without approval from regulators in the United States.  Libra could lose its primary…
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Bitcoin Price Back Below $8K After Failing to Crack ‘Heavy Resistance’

A wobble for markets saw BTC/USD reenter the $7,000 range on Wednesday after failing to cement support higher. Bitcoin (BTC) regained $8,000 on Oct. 23 after a fresh bearish move canceled out progress towards the top of its trading range.  Cryptocurrency market daily overview. Source: Coin360 Bitcoin rejected at $8.3K Data from Coin360 showed another…
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Rep. Warren Davidson: You Have to Defend Money to Defend Freedom

Author of the Token Taxonomy Act and member of the U.S. House Financial Services Committee Rep. Davidson speaks with Cointelegraph ahead of Zuckerberg hearing. In an interview with Cointelegraph on Friday, Oct. 18, United States Representative Warren Davidson gave his thoughts on the Securities Exchange Commission’s (SEC) flawed approach to regulating digital assets as well…
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Zuckerberg: Facebook Will Not Launch Libra Without US Approval

Facebook CEO Mark Zuckerberg plans to tell Congress that Libra will not launch anywhere in the world until U.S. regulators approve it. Mark Zuckerberg, the founder of social media giant Facebook, plans to tell United States Congress that Libra will not launch anywhere in the world until U.S. regulators approve it. Libra won’t launch anywhere…
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Bitcoin Suisse Acquires $3M Share of Trade Intelligence Firm CoinRouts

Swiss crypto broker Bitcoin Suisse has purchased a minority stake of CoinRoutes Inc., a provider of pan-exchange smart order routing and algorithmic trading software. Swiss crypto broker Bitcoin Suisse has purchased a minority stake of CoinRoutes Inc., a provider of pan-exchange smart order routing and algorithmic trading software. The investment and a new director Bitcoin…
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Fraudulent Transactions in Crypto, Explained

Crypto worth billions upon billions of dollars has been lost to fraud. But what are the most common scams, and can they be stopped? How can payment fraud be avoided? Introducing better verification measures can go a long way to protecting consumers. Amazon and eBay are often held up as good examples of how transactions…
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Germany Warns of Privacy Token Usage in Money Laundering and Terrorism

The German Federal Ministry of Finance has expressed concerns about using privacy tokens due to their association with criminal activities and difficulties to track them down. The German Federal Ministry of Finance has expressed concerns about rising use of privacy tokens due to their association with criminal activities and difficulties in tracking them. Published on…
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Pomp’s Morgan Creek Raises $61M For Blockchain Fund, Targets $250M

Morgan Creek Capital Management firm has raised $61 million for second blockchain fund, with the ultimate goal of raising $250 million. Anthony Pompliano’s Morgan Creek Capital Management firm established a blockchain fund to explore opportunities using distributed ledgers. On Oct. 18, the cryptocurrency asset management firm Morgan Creek submitted a filling for its second blockchain…
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Adam Back: Creating Altcoins More Attractive Than Building on Bitcoin

Bitcoin technology pioneer Adam Back explained that there’s a greater financial incentive to creating altcoins compared to building on Bitcoin. Bitcoin (BTC) technology pioneer Adam Back explained at the Transylvania Crypto Conference that there’s a greater financial incentive to creating altcoins compared to building on Bitcoin. Forbes reported Back’s remarks on Oct. 21, noting that…
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Victim of $24 Million SIM Swap Case Writes Open Letter to FCC Chairman

SIM swapping victim Michael Terpin wrote an open letter to FCC Chairman Ajit Pai to take action against this type of fraud. SIM swapping victim Michael Terpin wrote an open letter to the United States Federal Communication Commission (FCC) Chairman Ajit Pai. In his letter, posted by Coindesk on Oct. 21, Terpin requested that the…
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