Aside the $3 bln PlusToken, Beware of These Possible Chinese Crypto Scams

Aug 20, 2019

The crypto space has recently been in an uproar over the PlusToken scam which made off with a whopping $3 billion fraudulent fund. That would make it the biggest crypto Ponzi scheme to date. Almost at the same time when PlusToken went bust in early July, another Chinese Ponzi scheme th...

China’s State Cryptocurrency Coming Soon, Featuring Two-Layer Structure

Aug 11, 2019

China is about to roll out its central bank digital currency (CBDC), which features two-layer operation mechanism, with China’s central bank – PBoC - running the top layer and business institutions composing the second layer, said Mu ChangChun, deputy chief at the Payment and Settlem...

Is Libra a Paper Tiger?

Aug 8, 2019

Of course, Libra is not a paper tiger. Otherwise it won’t cause the immediate concern of global financial regulatory bodies and central banks, as well as the hearings by United States congress. But, this project indeed has inherent risks which make it very vulnerable. There is a good chance ...

How to Build a Stablecoin to Compete with Libra

Aug 7, 2019

In my Libra project analysis report (A Business Analysis of the Libra Project), I pointed out that there is still a very good opportunity to develop a new stablecoin that competes with Libra. The Libra project is definitely not the end of the stablecoin project, but a milestone in thi...

Senate Wrestles With Bitcoin vs. Crypto, Gauges Need for Regulation in Latest Hearing

Jul 31, 2019

The United States Senate Committee on Banking, Housing, and Urban Affairs hosted a hearing today, July 30, 2019, on cryptocurrency and blockchain regulation. This is the third in a recent spate of cryptocurrency-specific hearings in Congress, which began two weeks ago with Libra’s roun...

$200 Million SIM-Swap Case vs. AT&T Goes Forward

Jul 24, 2019

A lawsuit filed by the co-founder of crypto investment group BitAngels against telecommunications giant AT&T for failure to stop a SIM swap is moving to trial. This suit was first filed by Michael Terpin in August 2018 in the Los Angeles U.S. District Court. Terpin claim...

U.K. Releases Economic Crime Plan That Addresses Crypto Assets

Jul 16, 2019

The Economic Crime Plan (2019–22) released by the U.K. government and the trade association UK Finance details regulatory action on cryptocurrencies to prevent their use in criminal activities. According to the document, the government is working closely with businesses to bring toge...

Fourteen Transnational Banks Plan to Jointly Issue Cryptocurrency to Help Cross-border Transaction

Jun 4, 2019

Since April, Bitcoin has surged from $4,000 to over $8,500, an increase of more than 100%. The driving force behind Bitcoin's astonishing rise is the entry of giants. Fourteen financial institutions, including UBS Group AG, plan to issue "bitcoin-like" cryptocurrency to conduct cross-...

2020 Presidential Contender Andrew Yang is a Cryptocurrency Fancier

May 29, 2019

As the president election of the United States in 2020 is coming, Andrew Yang, a democratic party candidate said that he would accept donations by means of encrypted currencies. Therefore, he got the support from American cryptocurrency circle and blockchain circle. Even The New York Tim...

Five Events are on the Way in Cryptocurrency Circle the Next Half Year

May 28, 2019

For cryptocurrency investors, 2018 is a disastrous year. After the boom in the bull market in 2017, there were calls for "all in blockchain" everywhere. Unfortunately, after reaching a record high in January 2018, the price of cryptocurrency soon fell to bottom, with many coins fell by more than...