U.K. Finance Minister Philip Hammond said that regulators, not lawmakers, should make decisions regarding Facebook’s Libra stablecoin. The United Kingdom Finance Minister Philip Hammond said that regulators and not lawmakers should decide on how to regulate Facebook’s stablecoin Libra, CNBC reported on July 15. In an interview with CNBC’s “Squawk Box,” Hammond said that lawmakers […]
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The United States Treasury Secretary echoed President Trumps’ recent tweets on crypto as a speculative asset largely used to fuel illegal activity. United States Treasury Secretary Steven Mnuchin shares President Donald Trump’s concerns on the use of cryptocurrency to finance illicit activity, and stresses the role of enforcing FinCEN regulations with respect to crypto-dealing organizations. […]
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The Cleveland Cavaliers and the team’s affiliate gaming partner, Cavs Legion GC, have partnered with UnitedCoin. Ohio-based professional basketball team the Cleveland Cavaliers (The Cavs), along with its associated esports club Cavs Legion GC, have partnered with the cryptocurrency firm UnitedCoin. The National Basketball Association (NBA) announced the new partnership in a press release on […]
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Fundstrat Global Advisers co-founder Thomas Lee said that the recent Bitcoin pullback is healthy. Fundstrat Global Advisers co-founder Thomas Lee wrote that the recent Bitcoin (BTC) pullback is healthy in a tweet on July 14. In his tweet, Lee also addressed concerns over the recent decrease in Google searches for Bitcoin: “As for the search […]
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The CEO of Calibra, David Marcus, has prepared statements for the Senate Banking Committee regarding Facebook’s cryptocurrency project Libra. The United States Senate Banking Committee has released the opening statements of David Marcus, head of Facebook’s crypto wallet Calibra today, July 15. The statements come ahead of a hearing on the Libra cryptocurrency project tomorrow […]
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Ethereum co-founder Vitalik Buterin believes that Bitcoin Cash has the best network to become a temporary scalability solution for Ethereum. Ethereum co-founder Vitalik Buterin has proposed to use the Bitcoin Cash blockchain as a temporary scalability solution for the Ethereum network. The programmer introduced a summary of the idea in a July 13 post on […]
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The Canadian Securities Administrators included strategies for DLT and blockchain-based securities regulations in their Business Plan 2019–2022. The Canadian Securities Administrators (CSA) are focusing on understanding and regulating distributed ledger technology (DLT) and its related components. The Canadian securities regulatory agency included a section on DLT and crypto assets in its Business Plan 2019–2022 that […]
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Two subsidiaries of cryptocurrency derivatives firm Seed CX have received Bitlicenses from the New York State Department of Financial Services. New York state financial regulators have issued virtual currency licenses to two subsidiaries of crypto derivatives firm Seed CX: Seed Digital Commodities Market LLC (SCXM) and Zero Hash LLC. In a press release published on […]
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Royal Mint, the sole manufacturer of coins in the U.K., will store private keys for crypto in its digital vault for the first time. Royal Mint, a government-owned manufacturer of coins in the United Kingdom, will provide crypto custodial services for the first time ever, according to a press release shared with Cointelegraph on July […]
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American entrepreneur and vocal crypto advocate John McAfee has doubled down on his $1 million by 2020 price prediction for Bitcoin. American entrepreneur and vocal crypto advocate John McAfee has doubled down on his $1 million by 2020 prediction for Bitcoin (BTC). Taking stock of community sentiment in light of Bitcoin’s recent price fluctuations, McAfee […]
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