Steve Forbes claimed that gold backing is the basic condition for Libra to become “one of history’s truly seminal creations.” Steve Forbes, Chairman and Editor-in-Chief of Forbes Media, published on June 25 an open letter to Mark Zuckerberg, advising to back Facebook’s cryptocurrency Libra with gold. In the letter, Forbes strongly encouraged Facebook’s crypto initiative, […]
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Goldman Sachs chief executive David Solomon says he believes global payment systems are heading in the direction of stablecoins. Goldman Sachs is performing “extensive research” on tokenization, the group’s chief executive told France’s Les Echos newspaper on June 27. David Solomon said he believes global payment systems are heading in the direction of stablecoins — […]
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CoinMarketCap and major crypto exchanges are pushing to improve liquidity, strengthening the long-term growth trend of the sector. In May, crypto market data provider CoinMarketCap requested all exchanges in the global exchange market disclose accurate data in a move to improve transparency of the information displayed on the platform. CoinMarketCap declared an ultimatum to all […]
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Centre consortium founders Coinbase and Circle open invitations to other institutions wishing to issue USD Coin. Stablecoins have become rather frequently discussed in the news and social media over the past few weeks, especially with the news of the release of the Facebook-backed Libra coin. The current wave of stablecoin issuance could be attributed to […]
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The U.S. CFTC has filed a complaint against an alleged $147 million bitcoin scam scheme, Control-Finance Limited. The United States Commodity Futures Trading Commission (CFTC) launched action against a reportedly fraudulent $147 million bitcoin (BTC) scheme, fintech news outlet FinanceFeeds reports June 18. On June 17, the regulator reportedly filed a complaint with the New […]
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The United Kingdom’s Financial Conduct Authority warned investors of two fraudulent clones of financial firms. The British Financial Conduct Authority (FCA) has warned investors of a fraudulent company posing as the Swiss Investment Corporation, an FCA-authorized firm offering crypto investments, and another company that is a clone of Goldman Sachs, the regulator announced on June […]
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Following Circle’s USD Coin launch in late 2018, the firm decided to expand its Centre consortium to more members. Goldman Sachs-backed crypto startup Circle and crypto exchange and wallet service Coinbase are expanding their consortium behind USD coin (USDC), according to a blog post on June 13. The Centre consortium acts as a platform for […]
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Michael Novogratz said that he expects bitcoin to consolidate in the $7,000-$10,000 range. Michael Novogratz, founder and CEO of cryptocurrency merchant bank Galaxy Digital, has said that he expects bitcoin (BTC) to consolidate in the $7,000-$10,000 range, Bloomberg reports on May 30. Per the report, during a conference call discussing his company’s quarterly earnings, he […]
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Former Goldman Sachs exec Breanne Madigan to lead Global Institutional Markets at Ripple after serving at Blockchain.com for 14 months. Former Goldman Sachs exec Breanne Madigan has left her position at crypto wallet provider Blockchain.com to join Ripple, crypto media outlet The Block reported on May 28. Madigan, a Wall Street veteran with about 14 […]
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30 employees left the company on May 21, says Jeremy Allaire, amid the turnaround in the crypto markets. The CEO of Goldman Sachs-backed crypto finance startup Circle blamed a hostile regulatory climate in the United States as he confirmed layoffs of 30 staff on social media May 21. Following a blog post in which he […]
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