Cryptocurrency News

  • Market Cap: $270.91 B
  • 24h Vol: $40.17 B
  • BTC Dominance: 62.95%
  • App Connects Bitcoin and Lightning Payments Directly to Your Bank Account
    by Jack Martin on July 6, 2020 at 1:02 pm

    The Strike app hopes to encourage mass adoption of the Bitcoin and Lightning Network by connecting it directly to a bank account or debit card. Jack Mallers, developer of the Zap Lightning Wallet, announced his new app for iPhone, Android and Chrome on July 2, which allows users to send and receive Bitcoin (BTC) and Lightning Network payments directly from and to a bank account.Strike, which has now entered the public beta phase, enables interaction with the Bitcoin and Lightning protocols with no wallet, seed, channels, liquidity or whitepapers, while Know your customer (KYC) protocols are kept to a bare minimum.Jack […]

  • Afghan Government to Use Blockchain to Combat Counterfeit Drugs
    by Adrian Zmudzinski on July 6, 2020 at 12:44 pm

    Afghanistan’s healthcare ministry and several local pharmaceutical companies will use Fantom’s blockchain to combat counterfeit drugs. Afghanistan’s healthcare ministry and several local pharmaceutical companies will use Fantom’s blockchain to combat counterfeit drugs.According to Fantom on July 6, its Opera blockchain will be used to track 80,000 units of four different pharmaceutical products in Afghanistan. After this initial pilot, the system will be scaled up to cover more products later this year. 50,000 units of hand sanitizer, 10,000 joint creams, 10,000 Kofol tablets and 10,000 […]

  • Blockchain Travel Platform Lost 90% of Booking Volumes Due to COVID-19
    by Mohammad Musharraf on July 6, 2020 at 12:15 pm

    Booking volumes on the Binance-backed travel booking platform dropped by 90% during the coronavirus pandemic. The global travel industry ground to a standstill after governments worldwide announced strict lockdowns to prevent the spread of COVID-19. At the Unitize virtual blockchain conference on July 6, Juan Otero, the co-founder and CEO of the Binance-backed online crypto travel agency Travala, said that the platform experienced a steep drop in booking volumes.Otero stated that till February, Travala was seeing exponential growth with a consistent rise in booking volumes. But as the coronavirus pandemic reached […]

  • CEO of Alleged $16M Cryptocurrency Scam Declared Bankrupt
    by Stephen O'Neal on July 6, 2020 at 11:07 am

    VaultAge Solutions CEO has been tracked down by South African authorities and angered investors. Willie Breedt, a South African national accused of stealing up to $16.3 million from around 2,000 investors via his VaultAge Solutions scheme, has reportedly been forced into bankruptcy by a local court.According to a recent report from News24, the sequestration order was initiated on July 3 by Simon Dix — one of VaultAge’s largest investors, who entrusted Breedt with 7.5 million South African rand, or $440,000.VaultAge Solutions was founded in 2018, promising weekly returns on customer deposits through crypto […]

  • Bitcoin Realized Volatility Last Did This Right Before 2018 Sell-Off
    by William Suberg on July 6, 2020 at 10:59 am

    10-day realized volatility hits its lowest since just before Bitcoin price fell to $3,100 in late 2018, sparking fresh bearish fears. Bitcoin (BTC) could be heading for a repeat of its late 2018 sell-off, data warns as realized volatility reaches almost three-year highs.Uploading fresh charts on July 6, on-chain analyst Skew drew concerning comparisons to Bitcoin in its 2018 bear market.Bitcoin 10-day realized volatility dips to 20%Analyzing realized volatility, Skew noted that the last time the metric hit 20%, a mass capitulation event followed, during which BTC/USD hit $3,100.“Last time we reached that level, we […]

  • Expert: China's Digital Yuan Will Target the Dollar, Not Bitcoin
    by Marie Huillet on July 6, 2020 at 10:15 am

    With its forthcoming digital yuan, China will aim to rival the U.S. dollar, not Bitcoin, say experts. Having learned what it needs from the cryptocurrency space and blockchain, China will aim to rival the U.S. dollar, not Bitcoin (BTC), with its highly-anticipated digital yuan.Matthew Graham, a veteran investment banker in China and the CEO of Beijing-based Sino Global Capital — analyzed what is known so far about the forthcoming digital currency and argued that the Chinese government sees new technologies as a “leapfrog opportunity” to chip away at the dollar’s hegemony.Speaking with Boxmining […]

  • China Stocks Boom Bullish for Bitcoin? 5 Things to Watch This Week
    by William Suberg on July 6, 2020 at 9:00 am

    A turbulent mixture of macro, coupled with expectations of a big move in Bitcoin, could spell an interesting week for traders and holders alike. Bitcoin (BTC) begins a new week testing increasingly weak $9,000 support, but what factors could make or break price performance?Cointelegraph Markets takes a look at the main things traders should focus on in Bitcoin for the coming five days. Stocks recover led by China Stock market futures showed a mixed but overall stronger mood going into Monday. Data, notably last week’s better-than-expected United States employment figures, helped to buoy the mood.Stocks […]

  • Customer Service Is Key, According to OKEx's CEO
    by Benjamin Pirus on July 6, 2020 at 5:00 am

    OKEx CEO Jay Hao recently touched on the importance of good customer service. OKEx CEO Jay Hao recently noted customer service as a pivotal aspect of business, as part of an interview with Cointelegraph.“I think definitely customer service is crucially important,” Hao said. “After all, the customer is king.”The crypto space is still youngThe crypto industry arguably began with the inception of Bitcoin more than 10 years ago. As part of a young sector, many crypto and blockchain companies are still finding their sea legs in their products, services and offerings, while others look to perfect their […]

  • Singapore’s Blockchain Landscape Has Grown More than 50% Since Last Year
    by Dylan Love on July 6, 2020 at 4:01 am

    There are 234 companies in Singapore’s blockchain landscape. A collection of organizations teamed up to produce a “map” of what the blockchain landscape looks like in Singapore, and it’s a lot bigger in 2020 than it would’ve been in 2019.Announced at the Unitize blockchain conference, the map is supported by a Singaporean governmental agency called the Infocomm Media Development Authority (IMDA), and is mostly a collection of company logos organized by specific business sector. The categories here range from corporate services to smart cities to protocol and infrastructure and beyond.A […]

  • Bitcoin Is the ‘New’ Apple — How BTC Price Could Reach $60,000 by 2023
    by Marcel Pechman on July 6, 2020 at 2:52 am

    Bitcoin hangs near the chasm of the adoption curve and its price looks similar to Apple’s stock in 2008 before it broke out with a 520% rally. In 1962 sociologist Everett Rogers published the well-known book Diffusion of Innovations in which he classified consumers in the following five groups: Innovators, Early Adopters, Early Majority, Late Majority, and Laggards.Adoption Curve. Source: Business-to-youSince its creation, the above chart has become widely used among many industries, although new technologies have better synthesized such research. The graphic flawlessly describes how each group's psychological […]

  • Expedia Partners With Crypto Service for Crypto Bookings
    by Adrian Zmudzinski on July 6, 2020 at 2:00 am

    Expedia now allows its over 700,000 accommodations to be booked with cryptocurrency through crypto travel platform Expedia now allows its over 700,000 accommodations to be booked with cryptocurrency through crypto travel platform to an announcement shared with Cointelegraph by on July 6, the firm added over 700,000 accommodations to its crypto-powered travel platform’s already over 2 million options available in 230 countries.Senior Vice President at Expedia Group Alfonso Paredes said that the company aims to scale up’s business faster than it did […]

  • Bitcoin Undo Button & Fleeing Firms: Bad Crypto News of the Week
    by Joel Comm on July 5, 2020 at 11:29 pm

    Check out this week’s Bad Crypto podcast. Maybe it’s time to start talking about boring Bitcoin. The dollar price has moved barely half a percentage point over the last week, remaining around the $9,200 mark. Bitcoin’s holders, though, don’t expect the coin to remain a boring store of value forever. A survey by Bitcoin IRA found that 42 percent of the crypto custodian’s customers expect the price to reach $15,000 by the end of the year. Even that might not prompt sales though. Some 57 percent said they were holding for the long term.Those optimists might be wrong, though. SteveCrypt0, a […]

  • Enterprise Friendly Blockchain Tapping Into Wine Supply Chain Business
    by Ting Peng on July 5, 2020 at 11:00 pm

    Symbol from NEM makes blockchain solution to solve wine tampering and counterfeiting problems to save millions for the wine industry. Tampering, theft and counterfeiting have caused the wine industry millions of dollars in lost revenue. Symbol, an enterprise-friendly blockchain project from the NEM ecosystem is now providing blockchain technology amid further frauds in wine productions, according to a blog post published by NEM on July 4.  Symbol reportedly developed a blockchain solution that can trace and verify a large number of transactions per second. This can help wine growers and producers keep track of […]

  • Bitcoin Stagnates, Criminals Targeted, $288K Prediction: Hodler’s Digest, June 29–July 5
    by Thomas Simms on July 5, 2020 at 9:00 pm

    Bitcoin is struggling to punch through stubborn resistance at $9,300, and a Russian court has effectively ruled BTC theft is not a crime. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekBored with Bitcoin? This price level is key for a big breakoutIt has been a sleepy week in the crypto markets — and there’s barely been any movement in Bitcoin. At the time of writing, […]

  • 3 Reasons Why Bloomberg Calling Bitcoin a ‘Resting Bull’ Is Inaccurate
    by Marcel Pechman on July 5, 2020 at 8:08 pm

    A recent Bloomberg report says Bitcoin is a resting bull but improperly interprets key metrics to paint a bullish case for BTC. Bloomberg senior commodities strategist Mike McGlone recently released a midyear crypto outlook, which states that Bitcoin volatility should continue to decrease as the asset behaves more like gold. The report also says that primary demand and adoption indicators remain positive.The report concludes that Bitcoin is set for a breakout with a target at the $13,000 resistance. Although this perspective is defensible, the arguments presented in the article seem flawed. Correlation metrics for the […]

  • Smart Vending Machine Maker Popcom Crowdfunds $1.3M
    by Emilia David on July 5, 2020 at 7:47 pm

    Smart vending machine maker Popcom raises $1.3 million through Regulated CF security token offerings. Smart vending start-up Popcom raised millions to bring more of their vending machines as the demand for more contact-less retail solutions rises.Popcom, led by Dawn Dickson and one of the few Black women-owned blockchain companies, crowdfunded $1.3 million in its latest funding round, according to Black Enterprise. So far, the company has raised a total of $2.3 million with the majority of investments done through Regulated CF security token offerings.The company aims to grow its operations, build its team and add more of […]

  • Brock Pierce Jumps Into 2020 US Presidential Election Last Minute
    by Ting Peng on July 5, 2020 at 5:19 pm

    Brock Pierce joins the 2020 elections as a last-minute presidential candidate. Brock Pierce, entrepreneur, crypto venture capitalist and child star, has announced his USA Presidential run on Twitter July 5. His tweet stated that:“I, Brock Pierce, am running for President of the United States of America.”Pierce’s campaign site states that he is a pioneer digital currency and has raised more than $5 billion for the companies he has founded. Pierce is the Chairman of the Bitcoin Foundation and co-founder of EOS Alliance,, Blockchain Capital, Tether, and Mastercoin (first ICO). His website, sparse […]

  • Top 5 Cryptocurrencies to Watch This Week: BTC, NEO, TRX, XTZ, VET
    by Rakesh Upadhyay on July 5, 2020 at 5:08 pm

    Bitcoin and most altcoins are witnessing selling at every minor rally, increasing the possibility of a dip in the short-term. Bridgewater CIO Ray Dalio said that central banks have moved away from their traditional role and have become owners of assets since the 2008 Financial crisis. They now act as “market makers.” Therefore, the “capital markets are not free” anymore.Dalio warned that the US dollar is likely to lose its attractiveness as the reserve currency of the world.Crypto market data daily view. Source: Coin360However, it will be a while before the current economic system crumbles due to […]

  • Binance Supports Ontology Upgrade, Stops Deposit of NEP5 ONT Tokens
    by Ting Peng on July 5, 2020 at 5:00 pm

    Binance to support Ontology 2.0 upgrades and says it will not further allow NEP5-based ONT deposits. Binance, one of the world’s biggest crypto exchanges, has announced on July 5 that it will support the upcoming Ontology 2.0 network upgrade. Ontology 2.0 will include the integration of a number of community-led upgrades to its MainNet.Binance says that it will end support of Neo Enhancement Protocol 5-based, or NEP5, ONT tokens deposits. Any future deposits of NEP5 ONT will not be credited to users' Binance account, it indicates.Deposits and withdrawals of ONT will be stopped starting July 6 at 9 a.m. UTC. […]

  • Philippine SEC Warns Against Crypto Schemes
    by Ting Peng on July 5, 2020 at 3:30 pm

    Philippine SEC warns against investment schemes including one based on the Ethreum blockchain it says is a Ponzi scheme. The Securities and Exchange Commission (SEC) of the Philippines has warned the public against individuals and groups engaged in unauthorized crypto investments and trading, according to an announcement on July 1.The Philippine SEC warned those who were involved in crypto schemes could face a fine or 21 years of imprisonment or both. It explained that:“A maximum fine of P5 million or imprisonment of 21 years or both await those who act as salesmen, brokers, dealers or agents of entities engaged in […]

  • Digital Assets Deliberations: The Role of ISINs in Relation to Digital Assets
    by Stephan Dreyer on July 5, 2020 at 3:00 pm

    A closer look at the role that International Securities Identification Numbers may take in the harmonization of standards for identifying digital assets. Institutional interest in digital assets has been growing. The Chicago Mercantile Exchange’s volume of Bitcoin (BTC) options hit a high of $40 million on May 13, 2020. The world’s largest digital currency asset manager, Grayscale, posted record-breaking capital inflow to its GBTC fund in Q1 2020, and Fidelity’s cryptocurrency services division confirmed increased interest from pension funds and family offices.Due to growing interest from financial […]

  • CBDC is the Most Important Trend in Payments Says Visa Crypto Chief
    by Emilia David on July 5, 2020 at 2:24 pm

    Visa’s head of crypto says CBDC is the most important payments trend in the next decade. Central Bank Digital Currencies, or CBDC, may just be one of the most important trends over the next decade claims Visa’s head of crypto.Cuy Sheffield, who runs credit card giant Visa’s crypto projects, tweeted that “as governments evaluate CBDC, the path they decide to take will have major implications for privacy, monetary sovereignty, geopolitics, and financial inclusion, as well as global adoption of crypto dollars and Bitcoin.” He said:“I'd argue that central bank digital currency (CBDC) is one […]

  • Bitcoin Price Analyst Says This Can Prevent a Big BTC Drop in Q3 2020
    by Joseph Young on July 5, 2020 at 1:58 pm

    The price of Bitcoin dropped below $9,000 for the second time in one week but the uptrend of BTC can be sustained despite a historically bearish Q3. The price of Bitcoin (BTC) dropped below $9,000 for a total of eight times in the past two months. Yet, it has recovered with strength after every pullback.According to a pseudonymous crypto analyst, Bitcoin could sustain its uptrend if it reclaims the 200-day displaced moving average (DMA). The analyst, known as CryptoKea, said:“BTC broke the lower band of the bullish channel a few days ago. Is the bullish uptrend at jeopardy? Imho, as long as price recovers back above […]

  • Biggest Corporations Sceptical of Introducing Crypto Payment Option
    by Andrew Singer on July 5, 2020 at 1:45 pm

    Are traditional business enterprises ready to embrace a blockchain-based payments network? Maybe not, according to two research reports. The news that PayPal, the payments giant with 325 million active user accounts worldwide, was considering the direct sale of crypto assets — along with custodial services — had the crypto community buzzing last week, even if the reports couldn’t be verified. On July 1, a PayPal representative told Cointelegraph: “PayPal does not comment on rumors or speculation.”Guy Hirsch, the United States managing director of eToro, told Cointelegraph: “The […]

  • Bitcoin Price Consolidating But What Happens if $9K Support Is Lost?
    by Keith Wareing on July 5, 2020 at 12:40 pm

    Several signs are pointing to a new bear market for Bitcoin as mining chip manufacturers are feeling the pinch from the halving and the global economic downturn. Bitcoin (BTC) has failed to challenge the multi-year resistance of $10,500 since the beginning of June 2020. This extended period of chop will ultimately result in one of two inevitable outcomes.  Either a massive green candle to catch bears off guard or a period of profit-taking that will see the leading digital crypto-asset fall to sub $8K levels in the coming weeks.  But what signs can we look out for to determine which direction the […]

  • UNICEF Crypto Fund to Invest $100K in Humanitarian Blockchain Projects
    by Rachel Wolfson on July 5, 2020 at 6:20 am

    UNICEF’s crypto fund is looking for blockchain startups from emerging countries that tackle COVID-19 and humanitarian challenges. Over the past four years, the United Nations International Children’s Fund has been investing in startups applying open-source technology, hoping to make the world a better place, but is looking to step up its game even further now.Cecilia Chapiro, an investment advisor at UNICEF Ventures, told Cointelegraph that UNICEF had launched its innovation fund in 2016 with the goal to support emerging technologies being built in developing countries. Since then, UNICEF has invested in over […]

  • DeFi Offers Potential Investment Opportunities Said HyperChain Capital
    by Emilia David on July 4, 2020 at 11:00 pm

    HyperChain Capital CEO says DeFi provides potential growth and investment opportunities for the digital assets management firm. Decentralized finance, or DeFi, offers potential growth opportunities said the chief executive of digital assets management company HyperChain Capital.HyperChain CEO Stelian Balta said in a press release DeFi “has a huge opportunity to grow” and that digital currencies and blockchains are something the company continues to look on with interest.“I believe DeFi space has a huge opportunity to grow and one of the leaders in DeFi space, Kyber Network, just crossed $1 billion […]

  • Casa Releases Results on Server Implementation Test
    by Emilia David on July 4, 2020 at 9:00 pm

    Casa finds ElectrumX to be the “best bang for the buck” for server implementations after test. Crypto custody firm Casa released results from its test to find a new way to connect to the Bitcoin network and found ElectrumX had the best bang for the buck.Casa founder and cypherpunk Jameson Lopp noted the custody firm recently rewrote its backend infrastructure to support Electrum based on the tests.The company chose three different server implementations for the test: ElectrumX, Electra and Esplora Electrs. It discounted three other servers, Electrum-Server, Electrum Personal Server and Bitcoin Wallet Tracker […]

  • Renowned Cryptographer Says His Patent Was an Obstacle for Hal Finney
    by Michael Kapilkov on July 4, 2020 at 7:00 pm

    Okamoto explains why his “electronic cash” patent may have presented obstacles to Hal Finney’s plans to make his own electronic currency. Tatsuaki Okamoto explains why his “electronic cash” patent might have presented an obstacle to Hal Finney in his ambition to create his own electronic currency.Six key patentsSometime before Dec. 6, 2004, Hal Finney did a search in a patent database on “blind-signature based cash systems”. On his site he posted a list of six such patents:“This might be useful for those considering implementing electronic cash.”Four of the patents are […]

  • Dalio Says Capital Markets Are ‘Not Free‘ as Central Banks Drive Economy
    by Emilia David on July 4, 2020 at 5:30 pm

    Bridgewater CIO Ray Dalio claims capital markets are no longer free as central banks drive more of the economy. Ray Dalio, the billionaire hedge fund manager and founder and chief investment officer of Bridgewater Associates, believes capital markets are no longer free.Speaking to Bloomberg, Dalio said markets have changed a lot so central banks like the Federal Reserve no longer act within the confines of the traditional economic system.“There are markets that are driven by central banks not only their actions but their desire to be an owner of those assets. Their priorities about that ownership when they buy and […]

  • Telegram ICO Investors Included Russian Oligarch and Ex-Minister
    by Caileam Raleigh on March 5, 2020 at 11:02 pm

    Newly released documents relating to Telegram's 2018 ICO have revealed some big-name backers, including Russian oil tycoon Roman Abramovich and former Minister of Open Government Affairs Mikhail Abyzov. The publication of the documents highlighting some of the big-money backers in Telegram's planned blockchain, Telegram Open Network (TON), is just the latest development in the US Securities and Exchange Commission (SEC) case against the firm, which claims the messaging app violated securities laws by failing to register its 2018 token sale. The names and the amount that they invested were listed in an expert report by Stephen ... […]

  • BitGo Introduces Institutional Crypto Lending Service
    by Ankit Singhania on March 5, 2020 at 7:39 pm

    The world of crypto has developed at a breakneck pace over the past few years, and in a new development, cryptocurrency firm BitGo has announced the launch of its own crypto lending service. In recent times, the crypto lending industry has grown at a decent pace, but there is still room for a lot of growth. Key Expansion The announcement from BitGo is an important one and could usher in a new era in this niche space in the crypto sphere. The company claims to handles 20% of all transactions that are conducted through Bitcoin, and ... Read The Full Article On […]

  • Polkadot Targets Onboarding Ethereum Ecosystem with Chainlink Oracles
    by Ankit Singhania on February 26, 2020 at 6:47 pm

    Polkadot is readying itself for its expected network launch after it announced its integration with Chainlink oracles on February 25. The progress made with the integrations is an indication of a systematic approach that will allow porting with Ethereum infrastructure. Polkadot Announces Integrations of Chainlink Oracles The integration of Chainlink oracles is vital in the creation of Polkadot's decentralized finance and other smart contracts. Chainlink has finalized the preliminary integration on Kusama, which is a Polkadot canary network synonymous with a testnet. Following the move, Polkadot developers will now be able to get access […]

  • The Libra Association Gets a New Member in Shopify
    by Caileam Raleigh on February 25, 2020 at 10:44 pm

    The Libra Association has signed up Canadian e-commerce platform Shopify as its newest member as the troubled crypto project looks to get back on track. Libra has lost several founding members in recent months for a variety of reasons, the most prominent of which was the massive amount of scrutiny leveled at the project. The association was originally made up of 27 founding members; however, several early backers such as Visa (NYSE:V), PayPal (NASDAQ:PYPL), and Mastercard (NYSE:MA) all jumped ship before the founding charter was signed, leaving just 21 members. Vodafone was the most recent firm to quit The ... Read The Full […]

  • Telegram Developers Jump to TON’s Defense in SEC Case
    by Caileam Raleigh on February 18, 2020 at 10:28 pm

    A group of Telegram Open Network (TON) developers, calling themselves “The TON Community Foundation,” have submitted a court document criticizing the SEC's prosecution of the project. The former messaging app turned blockchain developer has been embroiled in a long-running suit with the United States Securities and Exchanges Commission, which alleges that US$1.7 billion raised from the sale of 'Gram' tokens between January and March 2018 should have been registered with the authority because the tokens constitute a security. Telegram has consistently denied the accusations and has recently been backed up by the community of […]

  • CME Sees Second-Best Month for Bitcoin Futures Trading
    by Caileam Raleigh on February 13, 2020 at 10:23 pm

    January was the second-best month for CME's Bitcoin futures trading since its 2017 launch, averaging 10,800 contracts, 69% greater than the average daily volume in 2019. Last month also saw new options on Bitcoin futures picking up pace. Since launch, 466 options contracts, or 2,300 equivalent Bitcoin, have traded—nearly 40% as blocks, showing signs of institutional interest, CME said. It also registered a record monthly average of 56 large open interest holders (entities that hold 25+ contracts). The Chicago Mercantile Exchange (CME) launched its Bitcoin futures options last month, with US$2.3 million traded on the first day alone, […]

  • Libra Vice Chair Unconcerned By High Profile Departures
    by Caileam Raleigh on February 11, 2020 at 8:47 pm

    Dante Disparte, Vice-Chair of the Libra Association, said that he was unconcerned by recent high-profile departures from the project just two weeks after Vodafone became the latest name to ditch the proposed digital coin. Speaking to CoinDesk at the World Economic Forum in Davos last week, Disparte said that the Libra project was picking up pace despite huge regulatory resistance to the project and the departure of several of the association's initial supporters, namely Mastercard, Visa, and Vodafone. He also said that the door remains open for those firms to return to the project in the future, as well ... Read The Full Article […]

  • Craig Wright Accused of Abusing Attorney-Client Privilege in Trial
    by Caileam Raleigh on February 6, 2020 at 12:14 am

    Craig Wright, the self-professed creator of Bitcoin (BTC), has been accused of abusing attorney-client privilege in order to block documents from being used as evidence in the ongoing trial against him. Australian computer scientist and businessman Craig Wright is being sued by the family of his deceased business partner Dave Kleiman for US$10 billion in Bitcoin, said to be encrypted in a “Tulip Trust.” In a court document filed on Sunday in Southern District Court of Florida, the legal team representing Ira Kleiman, brother of the deceased, challenged Wright's "illusory" assertion that over 11,000 company documents are […]

  • Mastercard CEO Reveals Why His Firm Quit Libra Over Several Red Flags
    by Caileam Raleigh on February 4, 2020 at 9:25 pm

    Mastercard CEO Ajay Banga says his company left The Libra Association after his attitude towards the project deteriorated over proposals to link the coin with its own built-in wallet, Calibra, as well as the lack of a clear business model. In an interview with the Financial Times, the payment services chief, who has headed up Mastercard since 2009, described the various red flags that led to his decision to pull the company from the project. “It went from this altruistic idea into their own wallet. I’m like: ‘this doesn’t sound right,’" said Banga, adding that, "If ... Read The Full Article On […]

  • Crypto Capital Co-Founder Rejects Plea Deal in Shadow Bank Case
    by Caileam Raleigh on February 3, 2020 at 11:01 pm

    Crypto Capital co-founder Reginald Fowler has rejected a plea deal with the US government in an ongoing case in which he is accused of operating a "shadow bank" for several crypto exchanges. Fowler was indicted in April 2019, along with Israeli national Ravid Yosef, for allegedly running a shadow bank for several cryptocurrency firms, including Bitfinex and Tether, which are currently embroiled in a separate case in which they are accused of creating “the largest bubble in human history.” According to a letter submitted by the prosecution on January 31, the Crypto Capital co-founder “rejected the current plea […]

  • Vodafone Becomes Latest Big Name Backer to Quit Libra
    by Caileam Raleigh on January 29, 2020 at 8:51 pm

    British telecom giant Vodafone is the latest firm to pull out of the Libra Association, the non-profit body overseeing the Facebook-led digital coin, bringing the total number of early backers to withdraw from the project to eight. Vodafone Walks Away Both Vodafone and Libra confirmed the news last week with the departure appearing to be amicable, despite several high profile withdrawals last year coming across as less than friendly. The telecom company now says it intends to dedicate resources previously allocated for the project to its own well-established digital payment service M-Pesa, which it plans to expand beyond the ... […]

  • Kik Adviser to Face Deposition From SEC This Week
    by Caileam Raleigh on January 28, 2020 at 11:12 pm

    The US Securities Exchange Commission (SEC) has requested the deposition of a representative from Kik, the former messaging app that now focuses on cryptocurrency, in its longstanding wrangle, which claims that the Canadian company violated securities laws when it carried out an ICO in 2017. On January 23, a judge in the Southern District of New York ordered Kik to divulge information detailing how its business has changed since 2018, with the company shutting down its messaging service in order to focus on cryptocurrency. Initially hoping to hear from Kik CEO, attorneys representing both parties have agreed for technical ... […]

  • Bank of England is Planing to Adopt Digital Currency
    by Ankit Singhania on January 23, 2020 at 6:39 pm

    googletag.cmd.push(function() { googletag.display('banner_ad_cnn_MD-A4'); });It seems like the banking industry is slowly adopting cryptocurrencies. A group of central banks has come together to assess the potential pitfalls of relying on digital currency, and one of them is the Bank of England. Central Banks Considering Idea of a Central Bank Digital Currency The Bank of England is examining how it can adopt Bitcoin, and a delegation will be meeting other officials from various banks to review this. They will be meeting the European Central Bank, Swiss National Bank, Bank of International Settlements, the Bank of Canada, and the Sveriges […]

  • Square Wins US Patent for Fiat-to-Crypto Payments Network
    by Caileam Raleigh on January 22, 2020 at 8:55 pm

    Square, the payment services provider founded and run by Twitter's Jack Dorsey, has won a US patent to launch a new network that enables crypto-to-fiat transactions. Square was founded in 2009 by Jack Dorsey and Jim McKelvey in their hometown of St. Louis, around the same time as Dorsey's other company, Twitter (NYSE:TWTR), was beginning to take off. In the intervening year, Square's white payment terminals have become synonymous with the advent of contactless payment. The new patent covers a payment system that allows users holding different assets to transact with each other in real-time, a major advancement towards ... […]

  • Cryptocurrency Not Banned in India, According to RBI
    by Ankit Singhania on January 22, 2020 at 7:01 pm

    Over the course of the past half-decade or so, the cryptocurrency space has grown at a breakneck pace, and it is believed that it is going to keep expanding in the years to come. However, in this regard, it is also important to note that it has thrived because many nations have not outlawed crypto tokens. In this regard, India, one of the world’s biggest economies, cleared the air about its stance on cryptocurrencies. The central bank of the country, the Reserve Bank of India, stated that despite reports to the contrary, cryptocurrencies are not banned in the country. ... Read The Full Article On […]

  • Libra Still Faces Uphill Battle Despite Softened Swiss Stance
    by Caileam Raleigh on January 21, 2020 at 9:05 pm

    A Swiss government memo appears to show a softening in the nation's stance towards Libra, the proposed digital coin led by Facebook (NASDAQ:FB), just weeks after its former president described the project as a failure. The memo, seen by Bloomberg, shows the Swiss government refusing to rule out the possibility that Libra may one day be granted regulatory approval in Switzerland, despite major reservations being held by EU regulators. Government officials will continue to monitor the progress of the project, paying particular attention to "the form which Libra may take in the future.”  The Libra Association, the non-profit […]

  • Tether and Bitfinex Unopposed to Lawsuit Consolidation
    by Caileam Raleigh on January 20, 2020 at 10:20 pm

    Three plaintiffs who have been involved in three separate lawsuits against Tether and its sister company Bitfinex have moved to consolidate their cases into one class-action suit. Court filings by David Leibowitz et al., Eric Young et al., and Bryan Faubus et al., accuse Tether and Bitfinex of creating “the largest bubble in human history” after they allegedly manipulated the crypto market out of up to US$1.4 trillion. All three cases were brought against the companies off the back of longstanding claims that Tether essentially printed billions of dollars worth of digital tokens in order to inflate prices and ... Read […]

  • Libra Association Sets Up Five Member Oversight Committee
    by Caileam Raleigh on January 17, 2020 at 10:55 pm

    The Libra Association, the non-profit organization overseeing Libra, has established a five-member Technical Steering Committee (TSC) to oversee and coordinate the technical design and development of the Libra network. The responsibilities of the TSC are to direct the technical roadmap of the Libra network, form working groups to fast track research into specific issues, guide codebase development, and build a healthy and engaged community of developers. The association has said that the establishment of the oversight committee is an important step forward in realizing its vision of a self-governing and independent network. A statement […]

  • Telegram Token Sales Canceled By Liquid Exchange
    by Caileam Raleigh on January 16, 2020 at 9:13 pm

    Japan-based Liquid Exchange has canceled the sale of Telegram's Gram tokens and returned funds to customers as the messaging app company remains embroiled in an SEC lawsuit. The exchange has said that it is acting in compliance with the investor agreement, which states that Telegram's Open Network (TON) should have been launched by October 31, 2019; otherwise it must initiate the process of returning funds to investors. As a result of the longstanding lawsuit brought against the messaging app by the SEC, an injunction has been brought out to prevent the launch of TON indefinitely. In a blog post ... Read The Full Article On […]

  • Telegram Hit By New SEC Evidence Showing Token Trading After ICO
    by Caileam Raleigh on January 13, 2020 at 10:22 pm

    The SEC has produced new evidence in its case against Telegram, which shows that the company was engaged in trading Gram tokens several months after its initial coin offering (ICO). Messaging app Telegram has been embroiled in a lawsuit with the US Securities and Exchanges Commission, which alleges that US$1.7 billion raised from the sale of Gram tokens between January and March 2018 should have been registered with the authority because the tokens constitute a security. Telegram has consistently refuted these claims and published a statement last week to address the ongoing case. However, the SEC has produced damning ... Read […]

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