Oxfam has partnered with Australian tech startup Sempo and blockchain company ConsenSys to test stablecoin Dai’s ability to provide aid in regions struck by natural disasters. International charity organization Oxfam has partnered with Australian tech startup Sempo and blockchain company ConsenSys to test stablecoin Dai’s (DAI) suitability for aid in regions suffering from natural disasters, […]
Continue Reading
Korean crypto exchange Bithumb has been prosecuted for its alleged failure to take adequate measures to protect personal data, allegedly leading to a subsequent hack in 2017. South Korean crypto exchange Bithumb has been prosecuted for its alleged failure to take adequate measures to protect personal information, which was later presumably exploited by hackers to […]
Continue Reading
The Brazilian government has made several moves surrounding blockchain and its regulation in the past two weeks. Brazil’s weak economic growth and inflationary pressure have led to more than 13 million Brazilians currently out of work. The unemployment rate currently stands at 12.5%. While the country runs the risk of recession, cryptocurrency’s low barrier for […]
Continue Reading
Cybersecurity firm Kaspersky released a survey revealing that only 10% of global consumers “fully understand how cryptocurrencies work.” A new survey by Moscow-based cybersecurity firm Kaspersky Lab introduced on June 17th revealed that 19% of people globally have purchased cryptocurrency. The survey, titled “The Kaspersky Cryptocurrency Report 2019,” was carried out in October and November […]
Continue Reading
Bitmain is preparing for an initial public offering in the United States — three months after plans for a share sale in Hong Kong lapsed, according to a report. Chinese cryptocurrency mining giant Bitmain is revisiting plans for an initial public offering (IPO,) Bloomberg reported on June 21. The company had filed to list an IPO on […]
Continue Reading
Ripple CEO argues that there will not be one single crypto “rule them all,” stating that each one should prove its own use case. Bitcoin (BTC), and XRP, the third biggest coin by market cap, are not competitors, Ripple CEO Brad Garlinghouse claimed in a Fortune interview on June 20. In the interview, Garlinghouse outlined […]
Continue Reading
CNBC host Joe Kernen has been praised by bitcoin advocates for claiming that libra isn’t a cryptocurrency because of how it is pegged to fiat currencies. CNBC’s Joe Kernen claims he is being treated “like a god” on Twitter following a June 19 interview on Squawk Box where he questioned whether Facebook’s libra is a cryptocurrency. In the […]
Continue Reading
Australia’s central bank says that despite “some recognition,” drawbacks mean consumers will prefer the country’s dollar. Australia’s central bank said bitcoin (BTC) and cryptocurrencies would remain outside mainstream payments in a dedicated article issued on June 20. Titled ‘Cryptocurrency: Ten Years On,’ the document from the Reserve Bank of Australia (RBA) appears to commemorate the […]
Continue Reading
The G7 taskforce will examine how central banks can ensure cryptocurrencies comply with anti-money laundering laws and consumer protection rules. A G7 taskforce is being created to examine how central banks can regulate cryptocurrencies such as Facebook’s libra, Reuters reported on June 21. Francois Villeroy de Galhau, the governor of France’s central bank, said: “We want to combine being open […]
Continue Reading
Developers said they successfully implemented eToro’s eToken on Libra in the first week it became public. United Kingdom-based trading platform eToro has conducted a successful trial of issuing tokenized assets on Facebook’s Libra protocol. The company confirmed the results in a blog post on June 20. According to a Github repository detailing its activities, eToroX, […]
Continue Reading