PayPal withdraws its application from Facebook’s Libra association, a group of members to oversee the governance of Libra network. Since the announcement of Facebook’s Libra project, policymakers around the world have backlash the project claiming that it could risk destabilizing the monetary system. Addressing the rumors, a PayPal spokesperson said...
PayPal withdraws its application from Facebook’s Libra association, a group of members to oversee the governance of Libra network. Since the announcement of Facebook -initiated cryptocurrency project, Libra in June 2019, policymakers and governments around the world have backlash the project claiming that it could risk destabilizing the monetary system....
Since the announcement of Facebook’s plans to launch a cryptocurrency project, Libra, it came under fire from policymakers around the world. Governments/regulators around the world are concerned that the new money system could endanger their monetary sovereignty and users’ data privacy. The events that followed after the announcement made one...
Nebulous, the company building Sia Network, a decentralized cloud storage platform, announced today that it has entered into a settlement with the U.S. Securities and Exchange Commission (SEC). The settlement relates to SEC allegation that Nebulous conducted an unregistered offer and sale of Sianotes in May 2014 which gives holders...
Block.One, the company building EOSIO, announced today a settlement with U.S. Securities and the Exchange Commission (SEC) for an unregistered sale of EOS tokens. Block.one will pay a one-time fine of US$24 million. Additionally, the SEC has also granted Block.one with an important waiver so that Block.one will not be...
Leading crypto-financial firms have developed a system to score which cryptocurrency assets are more or less likely to be a security. Its council members include Coinbase, Kraken, Circle, Bittrex, etc. The score will guide crypto-financial firms like exchanges or investment management firms to determine if to provide services for the...
After a year of wait, Bakkt, the first to get regulatory approval for trading Bitcoin futures went live on September 23. Bakkt which many see as a gateway for Bitcoin widespread adoption, so far the volume shows little interest from institutional investors. Bakkt Bitcoin futures contract volume in the first...
Just days after the significant drop in the Bitcoin hash rate, several monitoring sources confirm that the hash rate shows signs of recovery. Data from monitoring source ‘Blockchain’ estimate that on 26 Sept hash rate reached a new all-time high of 108 quintillion hashes/sec. This year, the hash rate in...
Yesterday, the Bitcoin price broke from the apex of the descending triangle pattern dropping to $8160 in Coinbase (near 200 MA) and as the new analysis suggests, retrace to $7500 is a possibility. Key factors contributing to the build-up of negative sentiment and causing massive sell-off were: Underwhelming response to Bakkt launch...
Global POS is developing a payment system which will allow more than 25,000 outlets in France to accept Bitcoin and other Cryptocurrencies as means of payment. The system will be ready for use by early 2020. The new payment system is jointly developed by Global POS, Easy2Play, and the EasyWallet. The...
