Tag Archives: Cryptocurrency News

Leading fin-tech entrepreneur thinks China's state-backed cryptocurrency could spearhead global adoption of the yuan as a reserve asset. | Image: Shutterstock Circle CEO Jeremy Allaire believes that China's developing "cryptocurrency" could propel the yuan to worldwide renown as a global reserve currency. Jeremy Allaire on the potential of China's nascent CBDC. |...

The Libra Association behind Facebook's cryptocurrency is confident in 2020 launch. | Source: Shutterstock Bertrand Perez, the general director of the Libra Association, has expressed confidence that Facebook’s stablecoin will launch during 2020. Speaking to French publication Les Echos, Perez indicated that while the Libra Association is expecting talks with...

The Trump administration sanctioned North Korea's Lazarus Group, which raked in $571 million from Bitcoin thefts. | Source: Shutterstock North Korea’s notorious state-sponsored hacker team Lazarus Group - the one responsible for stealing more than $500 million from Bitcoin exchanges around the world - has finally been sanctioned by the Trump administration. This is...

Faced with crippling economic sanctions, Cubans are adopting cryptocurrencies in greater numbers. | Image: AP Photo/Ismael Francisco Ordinary Cubans are increasingly embracing cryptocurrency as a means to circumvent economic sanctions. Jason Sanchez, a 35-year-old Havan-local, recently told Reuters that he uses cryptocurrencies to purchase hardware for his cellphone...

Australia's financial watchdog has keeping ahead of the pack with crypto regulations. | Source: Shutterstock The Australian Securities and Investments Commission (ASIC), the country’s financial regulator and watchdog, is gearing up for the rapid growth of crypto-asset markets. Speaking to CCN, an ASIC spokesperson indicated that the regulator has identified...

Many traders have turned bearish on Ethereum way too soon, according to a leading technical strategist. | Source: Shutterstock Ethereum (ETH/USD) has gone through a corrective period over the last two months. Since posting a 2019 high of $363.30 on June 26th, the cryptocurrency lost more than 50% of its value. The sentiment has become so bearish that some traders...

Cryptocurrency exchange Binance set to launch U.S. operations imminently. | Source: REUTERS / Darrin Zammit Lupi Binance.US has announced that it will begin processing account registration applications and accepting cryptocurrency deposits from Sep. 18 at 8 am EDT. After users have signed up and selected their desired tier of verification, they will be able to deposit bitcoin (BTC), ethereum, (ETH), ripple (XRP), bitcoin cash (BCH), litecoin (LTC), and tether (USDT) to their wallets. The...

Another day, another case of extortion involving bitcoin. | Source: Shutterstock The website of a Florida-based car parts dealer is currently out of service after a hacker hijacked the domain name and shuttered its hosting provider’s account to ransom it for Bitcoin. Per legal documents and a ransom note that was produced in court where the victim obtained a temporary order preventing the domain name from being transferred from its current host, the domain name of XPort Auto Parts Inc,...

Watford FC, a major English football club that finished 11th in the Premier League in the 2018-19 season, will be featuring the bitcoin logo every week for millions of football fans. Watford FC Chairman and CEO Scott Duxbury stated: Placing the Bitcoin logo on a Premier League shirt is something that challenges the accepted norm. Mainstream exposure for bitcoin Watford is said to be placing the bitcoin logo on the shirt sleeve of the official Watford FC football jersey as a part of its...

France's finance minister Bruno Le Maire says Facebook's Crypto Libra won't be allowed to develop in Europe. | Source: ShutterstockFrance’s Bruno Le Maire has reportedly warned that the country will block the development of Facebook’s in-house cryptocurrency, Libra, in Europe — citing threats to the “monetary sovereignty” of the continent’s governments.The Minister of the Economy and Finance stated today at the opening of an OECD conference on cryptocurrencies:I want to be absolutely clear:...