Patrick McHenry warned lawmakers that they would ultimately fail if they attempted to control decentralized cryptocurrencies. Bitcoin’s (BTC) plight in Congress has seen attention focus mainly on naysayers, but this week’s hearing also saw United States politicians accept it was always beyond their control. ‘Governments cannot stop this innovation’ During testimony on July 17, U.S. […]
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Bundesbank President Jens Weidmann spoke in favor of Facebook’s Libra during a recent G7 event, a report says. The head of Germany’s central bank Jens Weidmann spoke in favor of Facebook’s Libra during a recent G7 event. Bundesbank head warns against suppressing innovation Weidmann, Bundesbank President and the Governing Council member of the European Central […]
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Previous gains which took BTC/USD closer to $11,000 evaporate amid new worries over legal upheavals. Bitcoin (BTC) was coming down from a fresh uptick on July 19 amid rumors United States authorities were preparing to investigate derivatives giant BitMEX. Market visualization. Source: Coin360 Politics and investigations weigh on Bitcoin Data from Coin360 showed BTC/USD targeting […]
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Suspicions are reportedly focusing on U.S. users circumventing a ban on trading. United States regulator the Commodity Futures Trading Commission (CFTC) is reportedly investigating derivatives giant BitMEX. CFTC wants to know if Americans using BitMEX According to sources citing people familiar with the matter speaking to Bloomberg, the CFTC suspects that BitMEX, which is registered […]
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Major U.S.-based crypto exchange Coinbase has discontinued its crypto investment bundles product, the platform’s updated FAQ site reveals. Major United States-based crypto exchange Coinbase has discontinued its Coinbase Bundle crypto investment offering, the platform’s updated FAQ site reveals. Coinbase Bundle product is no more Reasons for discontinuation of the product — which had only just […]
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Mexican cryptocurrency exchange Bitso will from now on be regulated by the Gibraltar Financial Services Commission. Mexican cryptocurrency exchange Bitso will from now on be regulated by the Gibraltar Financial Services Commission (GFSC), a July 19 announcement revealed. An apparent first in Latin America In what Bitso claims is an apparent first in Latin America, […]
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Popular speculative fiction author Neal Stephenson says suggestions he could be Satoshi Nakamoto are “flattering” but unfounded. Popular speculative fiction author Neal Stephenson says suggestions he could be Satoshi Nakamoto are “flattering” but unfounded. Cryptonomicon or bust Stephenson made his remarks during an interview on the Conversations with Tyler podcast on July 17 in response […]
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A court dispute between an exchange and a user reinforced China’s willingness to recognize the cryptocurrency. Bitcoin (BTC) has gained legal recognition by a second Chinese court in a further boost for the cryptocurrency in one of its harshest environments. A watershed for Bitcoin in China According to investor Dovey Wan, who linked to local […]
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Fiat-crypto exchange Binance Jersey has listed a proprietary GBP-backed stablecoin, dubbed Binance GBP Stablecoin (BGBP). Fiat-crypto exchange Binance Jersey has listed a proprietary GBP-backed stablecoin, according to a press release shared with Cointelegraph on July 19. ‘Overwhelming demand’ for stablecoin diversification Listing of the Binance GBP Stablecoin (BGBP) confirms earlier indications that the major industry […]
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Tencent Yujian Threat Intelligence Center has spotted Ryuk ransomware in China, and received an extortion request in the amount of 11 BTC during their study. Tencent Yujian Threat Intelligence Center says that a Ryuk ransomware virus has been spotted in China. The intelligence center released information on the outbreak in a report on July 16. […]
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