Today on 16 September, Global governors are going to investigate Facebook about its Libra currency again. As it was reported, the hearings are amid worries from EU states over the dangers this digital coin can carry to economic resistance all over the world. Regulators from Bank of England, the US...
Sigal Mandelker the U.S. Deputy Treasury Secretary, told that cryptocurrencies could be the next frontier in the fight against terrorism. The official stressed that such organizations and their supporters are always in search of new ways to attract and transfer funds out of sight of law enforcement...
The authorities of Inner Mongolia decided to limit crypto mining in the territory of this autonomous region of the PRC. This was reported by the managing partner of Primitive Ventures Dovey Wan, citing local media. JUST IN h/t @ChainNewscom Regulatory bodies from Inner Mongolia will dedicate...
Bruno Le Maire, French Finance Minister, announced on Thursday that Libra coin is going to be prevented in Europe because the currency is too unsafe and endangers sovereignty. Le Maire mentioned at Organization for Economic Cooperation and Development in Paris that Libra is going to raise concerns...
The Association of Banks of Russia (ADB) has prepared the concept of cryptocurrency circulation. It involves the deanonymization of the owners of digital assets and the introduction of criminal liability for their concealment, reports TASS. The concept describes the procedure for collecting crypto...
Fundstrat agency co-founder Thomas Lee said that the Trump administration’s actions regarding electronic cigarette manufacturers prove that the president can ban anything. This is un-related but shows White House can issue an ‘executive order’ banning anything. And could even ban bitcoin. Not...
Switzerland officials stated that for launching its cryptocurrency Facebook is going to be demanded official permission with a granting license contingent on the perils of reserve management being carried wholly by the association and not by coin holders. Finma, the Swiss economic governor,...
Two-thirds of American investors fear a looming recession and are ready to transfer their assets to safer funds, including cryptocurrency. This is evidenced by a survey conducted by the eToro social investment platform. Respondents believe that the trade conflict between the US and China, as well...
A senior US official in charge of combating terrorist financing announced on Tuesday, that even if Libra is based in Switzerland, it must comply with American anti-money-laundering standards for surviving. The undersecretary for terrorism and financial intelligence, Sigal Mandelker mentioned during...
Facebook announced the primary basket of currencies. The corporation declared to US senators that Libra is going to be pegged to US dollar, euro, Singapore dollar, British pound and yen. Mark Warner, Virginia Democratic Senator is warned that China can drive the Libra Association to add yuan in the...
CryptoElliott tech analyst concluded that the Bitcoin dominance index could soon fall. According to his observations, bearish divergences on the chart of the dominance index indicate a high probability of a decrease in the BTC market share. #Bitcoin dominance seems set for a pretty sizable...
Binance Charity is starting a new campaign, which is going to support all the victims of the Hurricane Dorian. The campaign aims to collect funds for catering to the basic needs of hurricane victims. The company started accepting donations from September 3. It’s also planning the involvement of...
The inverse correlation between BTC and yuan increases over time. This may indicate that the Chinese are increasingly considering BTC as a protective asset, according to Bloomberg. Reverse interdependence peaked at the end of August. According to Garrick Hileman, researcher at the London School of...
LINE is probably one of the most used messengers in Japan and now it finally got a business license for issuing its crypto exchange in the country. This means LINE is going to have a cryptocurrency exchange in the place which has more than 80 million engaged users in a month. As to the company’s...
The indicator for the “BTC” request in Google grew from 2 points to 100, while the “Bitcoin” request remained the same 8 points. According to one version, users searched for the Bahamas Telecommunications Company (BTC), the interest in which is due to Hurricane Dorian. According to Forbes,...
The digital currency from the People’s Bank of China will appear in WeChat and Alipay payment systems. You can use it without the Internet. This was reported by Reuters with reference to the deputy head of the payment unit of the People’s Bank of China (ZRY) Mu Changchun. Development should...
A couple of extra lobbyists are selected by Facebook to support the corporation win over congressmen warnings to stymie the launch of its crypto coin. Head of Hollier Associates LLC William Hollier started lobbying for the social media giant on issues related to blockchain policy in late August. He...
As to JPMorgan Chase & Co. stablecoins which are built to bypass the massive changes of BTC and ETH, could break functioning normally in pressure periods. Joshua Younger said leaning on his analysis that the cumulative cost of all existing stablecoins is not surpassing $5 billion, the...