Circle’s CEO will testify before the Senate Committee on Banking, Housing, and Urban Affairs on blockchain and digital assets. Circle co-founder and CEO Jeremy Allaire is scheduled to testify before congress tomorrow as a representative of The Blockchain Association — a business organization comprised of blockchain industry advocates. Allaire will testify before the Senate Committee […]
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Damning new surveys suggest Facebook users don’t trust Libra, John McAfee arrested on yacht carrying weapons, and Justin Sun weathered by money laundering allegation. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more […]
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A recently passed Blockchain Promotion Act may indicate the desire among U.S. lawmakers for clear regulations, as Facebook’s Libra received a harsh welcome… Despite concerns expressed by many United States regulators during the recent House Committee on Financial Services’ hearing on Facebook’s proposed digital currency, Libra, an increasing number of U.S. lawmakers are speaking out […]
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Facebook isn’t avoiding the U.S. to skimp on compliance, but because Switzerland is better for crypto. Among all the issues cropping up in Facebook’s recent hearing in the United States Congress regarding its new Libra cryptocurrency, the matter of location was perhaps the thorniest. Testifying before various banking and financial committees, Libra co-creator David Marcus […]
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Bitcoin has been legally recognized as virtual property by a Chinese court not the country, though… Last week, Bitcoin (BTC) was legally recognized by a Chinese court, whereby it was concluded that the cryptocurrency should now be considered as digital property. The decision that the Hangzhou Internet Court made in a ruling was met with […]
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A blanket ban on cryptocurrencies has been reportedly recommended by an Indian government panel. An Indian government panel recommended a ban on cryptocurrencies, Reuters reports on July 22. Is India finally about to ban cryptocurrencies? The panel recommended to the government today to ban cryptocurrencies and impose sanctions for any dealings involving crypto assets. Reuters […]
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All top-20 coins by market cap are seeing significant gains, while Bitcoin approaches 11,000. Saturday, July 20 — crypto markets have seen another upward move, with all top 20 coins by market cap seeing major gains, while Bitcoin (BTC) has approached $11,000 mark again. Market visualization from Coin360 After dipping below the $11,000 threshold on […]
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Bank of Thailand governor Veerathai Santiprabhob said that the institution is open to discuss Facebook’s Libra stablecoin with the company. Bank of Thailand governor Veerathai Santiprabhob said that the institution is open to discussing Facebook’s Libra stablecoin with the company, local media Xinhuanet reported on July 19. Per the report, Santiprabhob made his remarks at […]
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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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Draft legislation that would allegedly impose a ban using cryptocurrencies in India is being circulated by local blockchain legal experts on social media. Draft legislation that would allegedly impose a ban on the use of cryptocurrencies in India is being circulated by local blockchain legal experts on social media. An unverified document published to Scribd […]
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