Saturday , April 20 2024
Home / Tag Archives: Cryptocurrency News (page 372)

Tag Archives: Cryptocurrency News

Facebook Open to Using Fiat-Pegged Stablecoins for Its Libra Cryptocurrency

Social media giant Facebook has been facing severe regulatory troubles for launching its Libra cryptocurrency. Last week, even big giants like Mastercard, Visa, PayPal, Stripe, who were earlier part of the Libra Association, announced their withdrawal from the project.Facebook is now working out other ways to keep its Libra project alive. As reported by Reuters, Facebook proposed using fiat-pegged digital stablecoins for its project. It means that instead of directly pegging the Libra token...

Read More »

Ex-NBA Star Allegedly Dupes African Firm in $800,000 Bitcoin Scam

Ex-NBA star Isaac Austin has been accused of swindling a Ghanaian firm nearly one million dollars in a Bitcoin Scam. According to GhanaWeb, the former NBA player lured victims into investing their Bitcoin in an automated cryptocurrency trading program run by his firm, Isaac Edward Austin and Tudor Trust. On Austin’s LinkedIn page the ex-basketball player is listed as a trustee of the firm. Source: LinkedInHis Twitter account, however, makes no such mention. Ghanaian firm loses 75 Bitcoin...

Read More »

SEC’s Court Hearing on Telegram’s Gram Token Postponed to 2020

In what seems to be a continuing series of woes for Telegram and its TON blockchain, the United States District Court for the Southern District of New York has decided to postpone the hearing that will determine if the Grams token is a security or not to the 18th and 19th of February 2020.Though the company was doing its best to make its token publicly available, the United States Securities and Exchange Commission (SEC) made a couple of moves by dragging the messaging app to court on...

Read More »

Bitfinex Requests Subpoena to Access Seized Funds Worth $880 Million

Bitfinex, the cryptocurrency exchange which has been enmeshed in a legal tussle for a while now, has filed an application with the US Court in the Central District of Southern California, through its parent company, iFinex Inc. Filed on the 18th of October 2019, Bitfinex wants the Court, through a subpoena, to help recover more than $850 million that has been unreachable by the exchange because of supposed problems being faced by the company’s payment processor Global Trade Solutions AG,...

Read More »

Bitcoin Mining Startup Layer1 Raises $50M from Peter Thiel, Shasta Ventures and Others

Layer1, San Francisco-based startup involved in Bitcoin mining, has raised $50 million in an effort to live up its plan to establish farms for mining. The money has been received from such a row of prominent investors including Peter Thiel, an American billionaire and co-founder of PayPal, Palantir Technologies and Founders Fund, and Shasta Ventures, an early-stage venture capital investment firm that invests in enterprise and technology consumer startups.According to Alexander Liegl, CEO of...

Read More »

Global U.S. Dollar Shortage to Benefit Bitcoin, Says Crypto Twitter’s Biggest Bull

Many have been bearish on bitcoin after the dominant cryptocurrency breached support of $9,000 in September. The month-long consolidation around $8,000 is not helping either. It is only giving bitcoin haters more reason to scream their bearish outlook. Peter Schiff forecasting bitcoin to plummet to $2,000. | Source: TwitterBitcoin’s technicals may not be pretty but global macro factors favor the king of cryptocurrencies. That’s according to trader and game liquidity theorist Majin. The...

Read More »

Coinsbit Rewards $200 in CNB Tokens for User Referrals

Photo: CoinsbitCoinsbit is an Estonia-based crypto exchange launched in 2018 and licensed for trading activities in the EU. The exchange has roughly 43 trading pairs of cryptocurrencies. The most recognized pays include BNB/ETH, BNB/USD, BNB/BTC, ETC/BTC, LTC/ETH, LTC/USD, ETH/BTC, ETH/USD, and BTC/USD.In a bid to remain relevant in the competitive crypto market, the company is introducing several essential services that will assist in differentiating the exchange from the stiff competition....

Read More »

Kik Messenger Keeps Working under MediaLab’s Wing

Messaging platform Kik announced on Friday it was acquired by MediaLab, a holding company that has Whisper and a number of other apps under its wing.The mother company of Kik, Kik Interactive already said, and we reported that it would be closing its app down in October. However, last week, its CEO Ted Livingston said that a company had signed a letter of intent to purchase the app. Both companies kept their mouths shut when it comes to details of the sale.The blog post says:“We believe that...

Read More »

Fidelity Digital Asset Is Finally Engaged in a Full Rollout of Its Services

Photo: Fidelity Digital Assets / TwitterAs promised, Bitcoin custodian Fidelity Digital Asset Services (FDAS) is “now engaged in a full rollout” of its custody and trading services, spreading from the limited trial users in the platform’s final test stage.Financial Times reported that by building up its crypto custody business, the focus of the company is to profit from the shortage of classically and traditionally regulated institutions as are banks and other more conservative...

Read More »

G7 Says that Bitcoin Failed but Libra Poses Threat to Financial Stability

French Finance Minister Bruno Le Maire said on Friday that Paris, Rome, and Berlin will join together in the effort of blocking Facebook’s new digital currency Libra in Europe.This is not the first time Le Maire is showing his hate towards cryptocurrencies. Last month, when he spoke about Libra, he said that this kind of technology, developed by the social media giant “causes serious concerns and therefore its operation cannot be authorized for use on European soil.”He added that the Libra...

Read More »