Mayor companies, Visa, EBay, Stripe and Mastercard are abandoning Facebook’s cryptocurrency project Libra amid increased regulatory pressure. Visa, EBay, Stripe and Mastercard have all announced that they are dropping out of Facebook’s Libra Association and its associated stablecoin project. Four companies abandon ship On Oct. 11, Bloomberg reported that Ebay, Stripe and Mastercard had decided […]
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Cryptocurrency exchange Bitfinex announces the latest update to its mobile app, which now includes derivatives trading support. Cryptocurrency exchange Bitfinex has announced the latest updates and optimizations to its mobile app. New version features support for derivatives trading On Oct. 11, cryptocurrency trading platform Bitfinex presented the newest version of the Bitfinex mobile app, which […]
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Does the pullback in Bitcoin price and most major altcoins indicate that lower levels are likely? Let’s study the charts. The wait for a Bitcoin (BTC) exchange-traded fund got a bit longer as the United States Securities and Exchange Commission (SEC) shot down the proposal by Bitwise Asset Management and NYSE Arca. The regulators felt […]
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Coinbase Custody now allows Maker holders to participate in the project’s governance. Coinbase Custody now allows Maker (MKR) holders to participate in the project’s governance without withdrawing their funds. The announcement comes from a Coinbase blog post published on Oct. 11. By implementing the governance feature, Coinbase Custody enables MKR holders to participate in on-chain […]
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The chairs of the U.S. SEC, CFTC and FinCEN have issued a rare joint statement urging digital asset holders to comply with AML/CFT regulations. The chairmen of the three primary financial regulators in the United States have released a joint statement warning crypto users of anti-money laundering (AML) and countering the financing of terrorism (CFT) […]
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Major cryptocurrency markets have seen a sharp drop today, with total market capitalization around $224 billion. Friday, Oct. 11 — Major cryptocurrency markets have continued sliding over the day, with only three coins in the top-20 list reporting gains. Cryptocurrency market daily overview. Source: Coin360 The top cryptocurrency Bitcoin (BTC) is trading at around $8,355, […]
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One of China’s BTC mining giants, Canaan Creative will reportedly be listed as a publicly traded firm in the U.S. in November 2019. Chinese crypto mining giant Canaan Creative plans to list as a publicly traded company in the United States in November 2019, according to an unconfirmed report. Canaan to issue 1.26 billion shares […]
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The U.S. IRS will ask taxpayers whether they received, sold, sent or exchanged any financial interest in cryptocurrencies in 2019. The United States Internal Revenue Service (IRS) has added a question on crypto ownership to the standard 1040 income tax form for the coming tax season. IRS wants to know about your crypto in 2019 […]
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Ripple’s investment arm Xpring has invested in cryptocurrency wallet BRD to enable users to hold, purchase, sell and spend XRP tokens through the wallet. Ripple’s investment arm Xpring has invested into cryptocurrency wallet BRD to enable users to hold, purchase, sell and spend XRP tokens through the wallet. Xpring announced the development in an Oct. […]
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Litigation firms files lawsuit against Tether and Bitfinex, as legal experts debate whether the companies manipulated the value of USDT. At the start of October, New York-based legal firm Roche Freedman filed a new class-action lawsuit against stablecoin firm Tether and digital currency exchange Bitfinex. The case accuses the aforementioned entities of manipulating the market […]
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