Christine Lagarde, who has been nominated by European governments to replace sitting European Central Bank President Mario Draghi, appears kinder to the burgeoning cryptocurrency industry than her predecessor. In a statement issued to the Economic and Monetary Affairs Committee of...
“It’s gold for nerds.” — Stephen Colbert To idealists, it’s a brave new idea. To your parents, it’s a hipster fad. Civil libertarians see it as a tool to help us escape the oppression of banks and governments. Politicians see it as an illegal enabler of deep-web sites like the Silk R...
The top 20 countries with the highest interest in cryptocurrency account for nearly 75 per cent of the total traffic to cryptocurrency exchanges, while the other 165 countries only account for 25.26%. Among them, the U.S. is the top source of traffic to crypto exchanges, according to a report fr...
As China's central bank gets ready to launch its own cryptocurrency, Forbes reported early this morning (Beijing time) that the People’s Bank of China would launch a state-backed cryptocurrency and issue it to seven institutions in the coming months, in an immediate response to it, sources ...
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 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...
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 ...
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...
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...
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...
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