Cryptocurrency News


  • Market Cap: $180.63 B
  • 24h Vol: $64.12 B
  • BTC Dominance: 65.64%
  • ConsenSys-Associated Agritech Project Covantis Officially Established
    by Helen Partz on March 31, 2020 at 8:36 pm

    Covantis, a blockchain agritech project run by agribusiness giants like Cargill, is officially established in Geneva and appoints CEO. Covantis, a blockchain agribusiness initiative backed by major industry company ConsenSys, has taken another step towards transforming global trade and supply chain operations.Backed by global agribusiness giants like Cargill and Bunge, Covantis has been officially established as a legal entity in Geneva after receiving all necessary regulatory approval.First tests are expected to be carried out in May 2020According to a March 31 announcement, the company is the joint initiative of six […]

  • Binance Says Leveraged FTX Removal Comes After Confused Users Hodled Tokens
    by Benjamin Pirus on March 31, 2020 at 8:19 pm

    Binance explains that the removal of FTX leveraged token was the result of users holding tokens instead of trading them. Binance blamed customer confusion for its FTX leveraged token delisting, explaining that users held the tokens instead of trading them, which was the originally intended use case.“The leveraged tokens are not designed for long term holding, which is what we noticed users were doing,” a Binance representative told Cointelegraph in an email. “The tokens will devalue over time as prices go up and down.”The exchange rep said Binance currently has no plans for explaining and relisting […]

  • French Soccer Star Claims Crypto Scam Impersonated Him
    by Felipe Erazo on March 31, 2020 at 7:51 pm

    Soccer star Kylian Mbappé filed a complaint against an allegedly cryptocurrency scam network under investigation by French police. French international soccer striker Kylian Mbappé filed a complaint on March 31 for the unauthorized use of his name on a cryptocurrency scam network, which is being investigated by local authorities.According to the newspaper L’Équipe, the soccer player, who plays for Paris Saint-Germain, is being impersonated to use his name in advertising campaigns for the alleged scam that involves a cryptocurrency acquisition scheme.These advertising posts cited false statements […]

  • Unofficial Iranian Telegram Applications Leak Data of 42M Users
    by Helen Partz on March 31, 2020 at 7:08 pm

    As many as 42 million people in Iran purportedly used unofficial Telegram apps due to the messenger’s ban in the country only to have their data leaked. While Telegram isn’t giving up its ongoing legal battle with United States regulators to launch its TON blockchain project, some online perpetrators are taking advantage of the messenger’s popularity to expose millions of user records of third-party versions of Telegram app.Per an investigation by cybersecurity firm Comparitech and security researcher Bob Diachenko, at least 42 million Iranian “Telegram” usernames and phone numbers were […]

  • PayPal Is Hiring a Blockchain Strategy Director
    by Felipe Erazo on March 31, 2020 at 6:58 pm

    Digital payments giant looks to hire a highly experienced person in charge of overseeing their blockchain-related strategies. Digital payments giant PayPal posted a new job listing on March 23, where the company seeks to hire an Anti-Money-Laundering (AML) and Blockchain Strategy director for their Global Financial Crimes (GFC) division.According to the company, the new director —based in New York — will be in charge of evaluating blockchain's use cases for the prevention of financial crimes, such as money laundering and terrorist financing, to supervise the entire AML process.The post also detailed that the […]

  • Today’s N95 Facemask Market Is Crazy, But It Helps Us Understand Crypto
    by Benjamin Pirus on March 31, 2020 at 6:54 pm

    Amid coronavirus fears, the current N95 facemask market resembles the wilder swings of the crypto space. Although the Wild West of crypto historically has involved scams, hype and price gaming, those descriptors are now tacked onto another industry — the N95 face mask market.“Scrutiny surrounding these deals is high because of ongoing scams and claims of price-gouging, both of which are triggering emotionally charged reactions and fear of making deals,” Forbes contributor David DiSalvo wrote in a March 30 article on the coronavirus pandemic-induced N95 face mask mania.Out of context, however, […]

  • Brazilian Crypto Exchange XDEX Announces Full Closure
    by Cassio Gusson on March 31, 2020 at 5:48 pm

    Bitcoin investment platform XDEX, founded by partners of Brazil’s largest investment broker in LatAm, XP Investimentos announced its closure. Brazilian crypto exchange XDEX, which is owned by the largest stock broker in Latin America, announced the end of its activities. The company announced its closure on March 31:"Today, we announce that XDEX is starting the process of closing its activities. Market projection, competition and few regulatory advances reduced the opportunities found at the beginning of the project and were the basis for this difficult decision."Take some timeThe company offered non-custodial […]

  • Lowest Exchange BTC Balances Since 2019 — Calm Waters Ahead?
    by Michael Kapilkov on March 31, 2020 at 5:41 pm

    Bitcoin balances of the major exchanges are at their lowest point since 2019. Bitcoin (BTC) balances of the major exchanges are at their lowest point since 2019.Calm waters ahead?From a high in mid-January, the number of Bitcoins on deposit at major exchanges has dropped significantly in following months. This trend accelerated after the recent market collapse.Source: GlassnodeFurther supporting this trend is the “exchange net inflow” data, which is derived by subtracting Bitcoins leaving exchanges from Bitcoin moving into exchanges. The net inflows have been negative for much of 2019 with a short positive […]

  • New Lightning Network Authentication Method Could Replace Website Accounts
    by Adrian Zmudzinski on March 31, 2020 at 5:36 pm

    Blockchain firm Lightning Labs drafted a new Lightning Network-based authentication system that could replace traditional email-based accounts. Blockchain firm Lightning Labs drafted the specifications of a new Lightning Network-based authentication system that could replace traditional email-based accounts.According to a March 30 announcement, the Lightning Service Authentication Tokens (LSAT) is a new authentication protocol for paid services. The system issues Lightning-based tokens for users after they paid for the service in Bitcoin (BTC) instead of providing their personal information for traditional email-based […]

  • CZ Talks Bitcoin Price After Halving, Coronavirus and Binance Decentralization
    by Cointelegraph on March 31, 2020 at 5:26 pm

    CZ of Binance talks Bitcoin price, halving and decentralization in Cointelegraph China’s HUB. Changpeng Zhao, known as CZ — the man behind Binance, one of the largest cryptocurrency exchanges in the world — took part in Cointelegraph China HUB, an online interview column started by Cointelegraph China.Cointelegraph:The markets are currently seeing high volatility, which has challenged Bitcoin’s role as a safe haven and sparked a crisis of faith in the industry. But you tweeted: ”Still worried about #BTC going to 0? Don’t! So long as I have a penny left, it won't happen.” […]

  • Coinbase Migrates Tezos Bakery From US to Ireland With 60 Seconds of Downtime
    by Samuel Haig on March 31, 2020 at 5:22 pm

    Coinbase Custody successfully migrated its Tezos Bakery — the largest validator on Tezos’ network — from the United States to Ireland while incurring just one minute of downtime. Coinbase reports that it migrated its Tezos (XTZ) staking bakery from the United States to Ireland while incurring just one minute of downtime on March 31.Since launching its staking service for XTZ in 2019, the exchange has come to operate the largest validator in the Tezos network.Regulatory needs of Tezos ETP provider sparks Coinbase bakery migrationThe Irish migration of Coinbase Custody’s Tezos Bakery was necessitated […]

  • Libra Rival Celo Announces $700,000 in Grant Funding for 13 Startups
    by Samuel Haig on March 31, 2020 at 4:19 pm

    Libra rival Celo has announced its first round of development grant funding, designating $700,000 to 13 companies so far. Open-source payments network Celo has announced its first round of development grant recipients.A press release shared with Cointelegraph states that Celo has awarded $700,000 in grants to 13 different companies who are looking to build on top of the network, contribute to the development of the Celo platform, or foster the Celo community.The project has already received more than 50 grants proposals from teams based in 16 different countries and will continue to accept proposals until May 19.Celo […]

  • Bitcoin Hash Rate Drop: Miners, the Halving and Coronavirus Suspected
    by Julia Magas on March 31, 2020 at 3:35 pm

    While a 29% drop in Bitcoin’s hash rate might be due to the miners’ capitulation, analysts point to other factors that could have had a bigger impact. The Bitcoin (BTC) network hash rate took a steep dive on March 26, dropping by a whopping 15.95%, which is a 45% sink from its peak highs of 2020. The hash rate dipped from 136.2 quintillion hashes per second on March 1 to just 75.7 EH/s on March 26, according to data from Blockchain.com.Analytics website Coin Dance reported similar findings, with the 2020 peak standing at about 150 EH/s on March 5 and then dropping to 105.6 EH/s 10 days later, thus showing a […]

  • Russia Postpones Its Crypto Law Again, Now Blaming Coronavirus
    by Helen Partz on March 31, 2020 at 2:51 pm

    Anatoly Aksakov, a member of the Russian State Duma, says that the country’s crypto law won’t be adopted before the end of spring 2020. After facing multiple delays, the adoption of Russia’s major cryptocurrency law will be postponed again, now due to the coronavirus.Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, says that the country’s crypto law — the bill “On Digital Financial Assets” — is now finalized but won’t be adopted before the end of the spring 2020.Russian authorities have been arguing about crypto regulation since […]

  • ‘Prime Brokerage’ for Crypto: Apifiny Launches Institutional Platform to Connect Exchange Liquidity
    by Andrey Shevchenko on March 31, 2020 at 2:40 pm

    Apifiny’s GlobalX is being released today, and is set to connect global crypto markets to provide a unified liquidity pool and new strategies for institutional investors. Institutions will now be able to trade on every single crypto market simultaneously thanks to GlobalX, an API platform launched on March 31 by San Francisco-based firm Apifiny. The startup hired former executives of Google X, Kraken and AlphaPoint to promote the service.Specifically, Josh Li will act as Apifiny’s chief business officer, having previous experience in Google and Google X, Alphabet’s innovation arm. Michael Fertman will […]

  • BCH, BSV Block Halvings Will Force Miners to Bitcoin (BTC) — Report
    by William Suberg on March 31, 2020 at 2:08 pm

    Two halvings in April will spark a month of increasing attention to BTC until its own halving takes place, despite its lack of profitability, says Coin Metrics. Bitcoin (BTC) miners will continue to capitulate due to low prices, but upcoming events for Bitcoin Cash (BCH) and Bitcoin SV (BSV) will fuel the turmoil, says a new forecast.In the latest edition of its State of the Network reports on March 31, Coin Metrics argued that Bitcoin was in a spiral of miner capitulation. This, it said, would get worse before it got better.Coin Metrics expects “pattern of capitulation”Despite BTC/USD recovering over 70% in […]

  • Bitfury Becomes Latest Crypto Industry Player to Join COVID-19 Research Project
    by Marie Huillet on March 31, 2020 at 2:00 pm

    Blockchain development firm Bitfury is re-assigning the computing power it uses for digital currency transaction processing to COVID-19 research. Blockchain development firm Bitfury is re-assigning the computing power it uses for digital currency transaction processing to COVID-19 research.In an announcement on March 31, the company revealed that it had been allocating its high-powered GPU-enabled computing nodes to run COVID-19 calculations as of March 20.The redirection of Bitfury’s resources is contributing to a distributed computing endeavor, [email protected] ([email protected]), created by a consortium of scientific research […]

  • During Coronavirus Pandemic, IRS Cuts Taxpayers Some Much Needed Slack
    by Robert W. Wood on March 31, 2020 at 1:49 pm

    In response to the coronavirus pandemic, the Internal Revenue Service tries to help taxpayers to not lose this economic battle. Crypto communities and the United States Internal Revenue Service haven’t exactly had a love fest over the last five years. It started in 2014, when the IRS said crypto was property, and it hasn’t got much better since. In addition to sending those 10,000 “beware” letters and trying to get crypto exchanges to turn over customer lists, the IRS has even gone so far as to alter the most hallowed tax form, Form 1040, to ask a crypto-specific question.However, the IRS is […]

  • Crypto Conference Defies COVID-19 Lockdown by Hosting in Virtual Realm
    by Greg Thomson on March 31, 2020 at 12:50 pm

    The coronavirus lockdown has not stopped the annual Coinfest Conference, which has relocated to the digital realm of Decentraland for a week of games, art, prizes and... dancing. The COVID-19 crisis may have put a stop to millions of sports events, work conferences and meet-ups across the world, but it has not halted those in the cryptocurrency space.The Coinfest Conference, which runs until April 4, has found a way to defy the coronavirus lockdown by setting up shop in the digital blockchain realm of Decentraland. The first day of the virtual conference kicked off on March 30th, beginning with a round of games that […]

  • Institution-Focused Crypto Trading Platform Reports 737% Revenue Increase in 2019
    by Marie Huillet on March 31, 2020 at 11:38 am

    Hong Kong Stock Exchange-listed BC Group, the operator of institution-focused digital assets trading platform OSL, reported a 737% increase in revenue in 2019. Hong Kong Stock Exchange-listed BC Group, the operator of institution-focused digital assets trading platform OSL, reported a 737% increase in revenue in 2019.On March 31, BC Group revealed that its OSL digital assets platform had been its largest 2019 earner, accounting for 44% of the Group’s revenues — up from just 6% in 2018.The OSL digital assets platform offers institutions services that include over-the-counter brokerage, Software-as-a-Service […]

  • BMW’s Blockchain Solution for Supply Chains to Roll Out in 2020
    by Marie Huillet on March 31, 2020 at 10:03 am

    World-famous car manufacturer BMW Group plans to roll out its blockchain supply chain solution to 10 suppliers this year. World-famous car manufacturer BMW Group plans to roll out its blockchain supply chain solution to 10 suppliers this year.Dubbed “PartChain,” the platform has already been successfully tested by BMW in 2019, an official announcement on March 31 revealed. In its early version, PartChain is designed to ensure traceability and immediate data transparency for automobile components across complex supply chains that engage multiple international parties. The 2019 pilot implemented the […]

  • SEC Claims Telegram Injunction Applies to ‘Any Person or Entity’
    by Samuel Haig on March 31, 2020 at 9:47 am

    The SEC has opposed Telegram’s request for clarification as to whether the injunction granted against its Gram distribution has jurisdiction outside of the United States. The United States Securities and Exchange Commission has opposed Telegram’s request for clarity regarding the geographic scope of a court injunction barring the company from distributing its Gram (GRAM) tokens.In a letter to Judge Castel dated March 30, the SEC asserts that the injunction “unambiguously, and properly, applies to Telegram’s delivery of Grams to ‘any person or entity’ [...] and requires no […]

  • Voatz Bug Bounty Kicked Off of HackerOne Platform
    by Yael Grauer on March 31, 2020 at 9:33 am

    HackerOne has removed blockchain-based voting platform Voatz’s bug bounty program following a number of issues. For the first time in its history, bug bounty and vulnerability disclosure firm HackerOne has kicked a company off its platform.Blockchain-based voting company Voatz has long touted its bug bounty program through HackerOne when asked about the security of its blockchain-enabled mobile voting app.Founded in 2012, HackerOne connects businesses with pen testers and cybersecurity researchers. It has hosted over 1,800 customer programs, but the beleaguered Massachusetts-based company’s bug bounty is no […]

  • Bitcoin Starts Strongest Quarter Q2 With Price Down Just 10% YTD
    by William Suberg on March 31, 2020 at 9:13 am

    Quarterly performance for Bitcoin has stabilized after its drop to $3,700 two weeks ago, while Q2 is historically the best three months for BTC/USD. Bitcoin (BTC) has in total suffered just 10% from the coronavirus outbreak which obliterated stocks and caused the United States to print $6 trillion.That was according to the latest quarterly price data from monitoring resource Skew.com on March 31, which showed that for Q1 2020, BTC/USD is only down by around 10.7%. Bitcoin streets ahead of macro assets in 2020At press time, the pair remained higher after seeking new support at $6,500 on Monday. At those levels, […]

  • Civic Wallet Now Offers $1M ‘FDIC-Like Insurance’ for Crypto
    by Michael Kapilkov on March 31, 2020 at 8:33 am

    Civic Wallet is now offering “FDIC-like insurance” for cryptocurrency holdings worth up to $1,000,000. Civic Wallet is a multi-signature non-custodial wallet that now comes with a $1,000,000 guarantee from Coincover.Civic Technologies (CVC) has been known in the crypto space as one of the leading providers of decentralized identity and is now purportedly the first company to offer a non-custodial wallet with $1,000,000 protection. The wallet is currently in private beta.Speaking to Cointelegraph, Civic co-founder and CEO, Vinny Lingham compared its key feature to the protection offered by the Federal Deposit […]

  • Coinbase Reports Record Bitcoin Buying Amid March 12 Crash
    by Samuel Haig on March 31, 2020 at 8:04 am

    Despite March 12 hosting a record daily drop in the price of Bitcoin, traders on Coinbase’s retail platform were buying the dip. Leading United States-based cryptocurrency exchange Coinbase has published a report providing detailed insights into how its users responded to the violent crypto market crash suffered on March 12.While many in mainstream markets were panicking as President Trump’s travel ban sent shockwaves across the global economy, crypto traders on Coinbase were mobilizing funds to buy the dip, according to a report published March 31.Retail traders on Coinbase rally to buy the […]

  • Binance to Launch Crypto Exchange Supporting KRW-Backed Stablecoin
    by Turner Wright on March 31, 2020 at 6:01 am

    On April 4, the Malta-based cryptocurrency exchange Binance will open Binance KR for trading in South Korea. Crypto exchange Binance is preparing to enter the Korean market for the first time.According to a company blog post on March 31, the Malta-based exchange will soon open Binance KR for trading. The crypto-to-crypto exchange is so named for South Korean traders. Binance KR will be launched on Binance Cloud and offer the “market’s deepest spot trading liquidity, most robust matching engine, and most advanced state-of-the-art security, custody, and risk controls.”The exchange will also support […]

  • Bitcoin & Stocks Rise as US Economy Grinds to a Halt — Furloughs Soar
    by Horus Hughes on March 31, 2020 at 5:46 am

    Bitcoin price attacked the $6,600 resistance on Monday but a move above $6,900 is what’s really needed to change the current trend. Monday proved to be a surprisingly fruitful day for Bitcoin (BTC) price as the digital asset rallied 12.73% to $6,599 before pulling back to $6,380 a few hours later. Despite gloomy news of the U.S. reaching 3,000 deaths from the Coronavirus and major retailers furloughing 500,000 workers, traditional markets also surged on Monday. The S&P 500 rallied 3.35% while the Dow and Nasdaq gained 3.19% and 3.62% respectively.  Crypto market daily price chart. Source: […]

  • Tokyo District Court Extends Mt. Gox Rehabilitation Plan Deadline
    by Turner Wright on March 31, 2020 at 3:48 am

    Mt. Gox Rehabilitation Trustee Nobuaki Kobayashi was granted a motion with the Tokyo District Court to extend the deadline to July 1, 2020. The trustee of now-defunct Japanese cryptocurrency exchange Mt. Gox has extended the deadline for the submission of rehabilitation plans. According to an official announcement published on the company’s website on March 30, Mt. Gox Rehabilitation Trustee Nobuaki Kobayashi filed a motion with the Tokyo District Court to extend the submission deadline of a rehabilitation plan. On March 27, the court released an order to extend the deadline to July 1, 2020. Kobayashi was […]

  • Kleiman Estate Calls on Former nChain CEO for Deposition in Craig Wright Case
    by Ting Peng on March 31, 2020 at 12:38 am

    In their case against Craig Wright, the legal team for Kleiman has resorted to Twitter to serve Jimmy Nguyen a subpoena to appear at a deposition. After a court slammed Craig Wright for producing forged documents and giving perjured testimony in the ongoing legal circus between Wright and Ira Kleiman’s estate concerning the Tulip Trust, Kleiman’s legal team is hard at work finding a key witness. Wright’s legal team are trying to subpoena former nChain CEO Jimmy Nguyen to provide a deposition. However, it seems like they are having a difficult time tracking him down. Wright’s legal team left a […]

  • 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 CryptoCurrencyNews.com Get […]

  • 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 […]

  • 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 ... Read The Full Article On […]

  • 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 […]

  • 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 ... […]

  • 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 ... Read The Full Article On […]

  • 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 […]

  • 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 […]

  • 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 ... […]

  • 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 ... Read The Full Article […]

  • 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 ... Read The Full Article On […]

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

    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 Riksbank. They ... Read The Full Article On CryptoCurrencyNews.com […]

  • 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 ... Read The Full […]

  • 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 ... Read The Full Article On CryptoCurrencyNews.com […]

  • 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 ... Read The Full […]

  • 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 ... Read The Full Article On […]

  • 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. ... 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, ... Read The Full Article On […]


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