Crypto news

The SEC recently slapped Block.one, the company behind EOS, with a $24 million penalty for not registering its Initial Coin Offering (ICO) properly as a security offering.Almost immediately, SIA Network also announced that it had come to a settlement with the SEC over a similar issue regarding the Nebulous project, which raised around $120,000 in a token sale back in 2014. The company was fined $225,000.These events left a lot of unanswered questions within the cryptocurrency community as to...

According to the Wall Street Journal, Visa and MasterCard are getting cold feet about helping build payment infrastructure for Facebook’s Libra project. The Wall Street Journal said that a number of financial partners were starting to back away from Libra because of regulatory concerns. This comes on the heels of a September 9 meeting in Switzerland in which financial regulators from across the globe questioned members of Libra. It also follows the skepticism expressed by Congress in July,...

Even as the U.S. Congress bites down hard on Facebook and the social media giant’s grand plans of issuing its own digital currency, a recent event has corroborated the general idea that the problem with the Libra might not be the fact that it’s a digital currency itself, but that it’s being issued by Facebook. This is because, two Rep members have revealed concerns about the inevitability of digital currencies in the near future, suggesting that the United States should start getting used to...

It seems Patrick Harker, the president of the Philadelphia Fed, has finally got the memo, accepting that central bank digital currencies (CBDC) are “inevitable.” Still, that isn’t enough for America to take the lead on them. Harker, although extremely late to the party, made an important caveat on the U.S plans to create a CBDC. According to Reuters, speaking at a community banking conference on Wednesday, the Fed president addressed the unavoidable adoption of CBDCs. “It is inevitable I...

Dether is a peer-to-peer mobile application that allows individuals to buy and sell ether and ERC20 tokens for cash. Any smartphone user can buy crypto with their own local currency, while crypto holders can sell crypto for cash locally.While cryptocurrencies continue to gain traction around the world, accessing them remains difficult for a large part of the population—and Dether wants to change that. Whether it’s due to not having a bank account, a particular currency not being supported by...

Vega Protocol, a fully decentralized trading technology platform, has just announced it has successfully concluded a seed round and raised more than $5 million. The funding round was led by Pantera Capital and also had a few others as participants, including Xpring (Ripple), Focus Labs, Rockaway Blockchain, KR 1, Hashed and RSK Ecosystem Fund, among others.According to a press release, Vega’s aim is to provide a blockchain network that will allow traders to make beneficial moves for...

Photo: ShutterstockBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD Tech AnalysisBTC demonstrates the worst result of all cryptocurrencies this weekBank of Canada thinks the BTC to be inefficientOn W1, the Bitcoin quotations have escaped the Triangle and keep declining inside the correction channel. Now, the quotations are between 50.0% and 61.8% ($7350.00) Fibo and may continue declining to 76.0% ($5860.00). A breakaway of the resistance level at $9850.00 may signal the end of the...

Photo: The Coinbase BlogPremier cryptocurrency exchange Coinbase has announced that it will offer interest on deposits in stablecoin USD Coin (USDC) for 1.25% APY. This indicates its willingness to encourage more of its large database of users to deposit their holdings in the cryptocurrency token. Transferring the value of the US Dollar which in itself is a significant advantage, the move is aimed at bringing respite to crypto users who always face the volatility which occurs on most of the...

IKEA, the world’s largest multinational furniture retailer based in the Netherlands, has successfully settled an invoice, receiving payment for goods bought by Iceland’s Nordic Store, using Monerium’s programmable digital cash. The initiation and completion of the transaction were carried out via Tradeshift – a global leader in the supply chain financial sector – on the Ethereum blockchain. The digital cash used in this transaction is a direct virtual form of the Icelandic official currency...

A recent Twitter poll revealed an interesting selling sentiment among the community. The majority of voters pointed out that they plan to sell most of their holdings at $1,000,000. However, almost a quarter of all who expressed their votes answered that they intend to keep their Bitcoin forever.The Poll ResultsBinance Lite took it to Twitter to ask for people’s opinions. The question was simple – “At what price would you sell the majority of your Bitcoin”. Voters had the chance to choose...