Bitpoint Hack Shows That Regulators’ Scrutiny Does Not Equal Safety

Bitpoint incident continues the streak of hacks targeting Japan-based exchanges. On July 12, 2019, Tokyo-headquartered cryptocurrency exchange Bitpoint promptly suspended its services after noticing an error in the outgoing funds transfer system. Soon, an official announcement followed, revealing that the trading platform had lost around 3.5 billion yen (roughly $32 million) as a result of […]

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Facebook Stresses Libra’s Compliance With FinCEN at Senate Hearing

David Marcus, head of Facebook’s crypto wallet Calibra, stresses the Libra stablecoin project’s compliance with the United States FinCEN in today’s hearing. David Marcus, head of Facebook’s crypto wallet Calibra, stressed Facebook’s intent to be compliant with the United States Financial Crimes Enforcement Network (FinCEN) in distributing the Libra stablecoin. As a Cointelegraph correspondent reports […]

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Senate Releases Opening Statements on Libra Ahead of Senate Hearing

The CEO of Calibra, David Marcus, has prepared statements for the Senate Banking Committee regarding Facebook’s cryptocurrency project Libra. The United States Senate Banking Committee has released the opening statements of David Marcus, head of Facebook’s crypto wallet Calibra today, July 15. The statements come ahead of a hearing on the Libra cryptocurrency project tomorrow […]

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Top-6 Issues Experts/Entities Have With Libra

Experts and Lawmakers call for caution over potential risks of Facebook’s Libra cryptocurrency to the global financial industry. Facebook’s unveiling of its Libra cryptocurrency has generated a lot of attention in the financial world, as well as in the crypto space. So far, the company has announced that its Libra blockchain network will be launched […]

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Hodler’s Digest, July 1–7: Top Stories, Price Movements, Quotes and FUD of the Week

The US tells Facebook to cease development of libra immediately, and the Bank of International Settlements boss makes an extravagant U-turn. Coming every Sunday, the 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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