United States House Minority Leader Kevin McCarthy praised Bitcoin while criticizing Facebook’s Libra stablecoin. United States house minority leader Kevin McCarthy praised Bitcoin (BTC) while criticizing Facebook’s Libra stablecoin during an interview with CNBC published on July 16. During the interview, McCarthy said: “I like Bitcoin. Is it where it needs to be? No, but […]
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Polkadot introduces the experimental version of new protocol Kusama in anticipation of full launch later this summer. Blockchain interoperability protocol Polkadot has introduced its “canary network” dubbed Kusama, which represents an experimental version of the protocol. In the blog post published on July 16, Polkadot presented an early, experimental version of the protocol called Kusama […]
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Seven Venezuelans claim to have been lured into a $30 million Ponzi scheme with a cryptocurrency pegged to diamonds A group of Venezuelans has filed a lawsuit with a Florida Federal Court in connection with a Ponzi scheme involving $30 million in cryptocurrency promoted by Canadian investment radio host Harold Seigel. Payment and commerce news […]
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Consulting services firm Acumen Research and Consulting has forecast that the global blockchain in healthcare market will reach over $1.7 billion by 2026. The volume of blockchain in healthcare market worldwide is forecast to reach more than $1.7 billion by 2026. In a press release published on July 16, consulting services to information technologies firm […]
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Bitpoint incident continues the streak of hacks targeting Japan-based exchanges. On July 12, 2019, Tokyo-headquartered cryptocurrency exchange Bitpoint promptly suspended its services after noticing an error in the outgoing funds transfer system. Soon, an official announcement followed, revealing that the trading platform had lost around 3.5 billion yen (roughly $32 million) as a result of […]
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Senate Committee Members discussed regulation concerns with big tech companies in a post-hearing press conference. United States Senators Mike Crapo and Sherrod Brown, respectively the Senate Banking Committee chair and ranking member, shared their views on crypto regulations. Both appear to want comprehensive policy for big tech companies. The senators made their remarks while speaking […]
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Bitcoin dipped below the $10,000 threshold for the second time in July following a hearing on Facebook’s Libra crypto project. The Bitcoin (BTC) price has dipped below the $10,000 price mark on July 16, while all top 20 coins by market cap are seeing significant losses. Market visualization from Coin360 Bitcoin has dipped below $10,000 […]
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David Marcus, head of Facebook’s crypto wallet Calibra, stresses the Libra stablecoin project’s compliance with the United States FinCEN in today’s hearing. David Marcus, head of Facebook’s crypto wallet Calibra, stressed Facebook’s intent to be compliant with the United States Financial Crimes Enforcement Network (FinCEN) in distributing the Libra stablecoin. As a Cointelegraph correspondent reports […]
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Enterprise blockchain tech firm R3 partnered with Brazilian digital bank Banco Maré to launch a stock exchange listing shares of startups. Blockchain consortium R3 has partnered with Brazilian fintech company Banco Maré to launch a stock exchange for investing in technology firms. Banco Maré, a blockchain-powered digital bank focused on financial inclusion, intends to build […]
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U.S. senators in the Banking Committee grilled Facebook in a hearing on its forthcoming Libra stablecoin project. At the ongoing hearing on Facebook’s Libra cryptocurrency project with the Banking Committee of the United States Senate, lawmakers are interrogating Facebook on privacy and trust concerns. As a Cointelegraph correspondent reports on July 16, David Marcus, head […]
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