Facebook is scaling back its plan to release a new digital currency which could have potentially thrown global markets into chaos. Facebook may be considering modifying its plan for the 2020 release of the cryptocurrency Libra. When the social media giant introduced Libra last year, it did so claiming the cryptocurrency would be a simple […]
Continue Reading
A Seattle-based blockchain startup has launched a new cashback service to reward their iOS and Android consumers with cryptocurrencies. StormX has announced the integration of StormShop for its iOS and Android users, allowing them to earn cryptocurrencies back when they shop online, as the company has announced. The platform aims to improve the eCommerce experience […]
Continue Reading
An IBM blockchain-based system has been implemented by an Ecuadorian dairy company to enable production processes monitoring. The Ecuadorian dairy producer El Ordeño has announced its integration into a Blockchain-based system, as part of a pilot program called IBM Food Trust, as announced in a press release. According to the IBM News Room, the company […]
Continue Reading
Chicago-based Fintech company FinTank looks to launch a national SRO to help the crypto regulatory scene. Chicago-based fintech startup FinTank aims to launch a national self-regulatory organization, or SRO, in the United States. Headed up by former Chicago Board Options Exchange, or CBOE, trader David Carman and partner George Vukotich, FinTank’s SRO “will help regulate […]
Continue Reading
2020 has already been remarkably eventful for the crypto industry, and security breaches are no exception. As the cryptocurrency industry continues to mature, security remains a major challenge. Over the last few weeks, a number of cryptocurrency exchanges — namely, OKEx, Bitfinex, Digitex and Coinhako — have experienced security breaches. Although the attackers apparently did […]
Continue Reading
A Georgia court has dismissed charges against the rapper T.I. for securities fraud in relation to his 2017 FLiK ICO. On March 3, District Judge Charles Pannell dismissed a lawsuit claiming securities fraud charges against rapper ‘T.I.’ for selling FLiK tokens for his company’s initial coin offering (ICO) during August 2017. The judge failed to […]
Continue Reading
The developer behind decentralized finance protocol iEarn has quit the project citing a “hostile” and “entitled” community. Andre Cronje, the one-man development team behind decentralized finance (DeFi) protocol iEarn, has quit the project. Cronje cites a thankless experience with the DeFi community as the catalyst for his decision to leave. Speaking to Cointelegraph, Cronje states […]
Continue Reading
Multinational retail conglomerate Walmart joined Hyperledger among eight new entrants announced during the opening day of the Hyperledger Global Forum 2020. Walmart has become the latest major conglomerate to join open-source blockchain consortium Hyperledger. Walmart is among eight new members to join the platform. The new members were announced on March 3 at the Hyperledger […]
Continue Reading
Representatives from Coinbase and Kraken fear that the IRS is overestimating the threat they pose to U.S. regulation. Representatives of major crypto exchanges today told the United States Internal Revenue Service that they want to see clear regulations rather than vague suspicion from the tax authority. In a March 3 panel that is a continuation […]
Continue Reading
A panel of experts spoke before the U.S. IRS on recent changes in crypto technology that are shaking up the world of taxation. It is no secret that the United States Internal Revenue Service is working to cope with the unique challenges of taxing cryptocurrencies. In the first of a series of panels today, March […]
Continue Reading