Crypto markets are down on the day, with some top-20 coins reporting double-digit losses. Thursday, July 11 — major cryptocurrency markets are trading in the red zone, with just a few coins reporting moderate gains, according to Coin360. Market visualization courtesy of Coin360 The leading cryptocurrency Bitcoin (BTC) has continued coming down after yesterday;s sharp drop […]
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Central Bank of Germany representative Burkhard Balz says that cryptocurrencies do not pose a threat to financial stability. Central Bank of Germany representative Burkhard Balz said that cryptocurrencies do not pose a threat to financial stability during a talk at the European Parliament reported a post published on the institution’s website on July 9. Burkhard […]
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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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Federal Reserve chair says time is needed to address concerns about Libra, and that the project cannot move forward until there is broad satisfaction on regulatory policies. Federal Reserve Chair Jerome Powell said there needs to be broad satisfaction with the way Facebook is handling regulatory concerns regarding its forthcoming stablecoin Libra. Powell gave his […]
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From mitigating risks to gaining on price difference: A multifaceted world of financial derivatives and their application in crypto, reviewed. Are there any downsides of trading crypto derivatives? All trading strategies related to price fluctuations imply a certain level of risk, especially combined with the lack of relevant regulation for the crypto derivatives sector. When […]
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New York-based Metropolitan Commercial Bank has requested that stablecoin issuer Tether close its accounts with the bank. New York-based Metropolitan Commercial Bank has requested that stablecoin issuer Tether close its accounts with the bank, technology-focused news outlet Coindesk reported on July 10. Tether and its affiliated companies have reportedly had accounts with Metropolitan Commercial Bank […]
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Facebook’s long-awaited stablecoin Libra could face a difficult roll out in Thailand due to the coin’s uncertain legal status in the country, according to an expert. Facebook’s long-awaited stablecoin Libra could face a difficult roll out in Thailand due to the coin’s uncertain legal status in the country, an expert told the Bangkok Post on […]
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Major cryptocurrency exchange Poloniex announced that it now allows its users to use credit cards and bank accounts on the platform. Major cryptocurrency exchange Poloniex announced that it now allows its customers to use credit cards and bank accounts on the platform in a Medium post published on July 9. Per the release, exchange users […]
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The former People’s Bank of China governor says “China should take precautions” against the trend represented by Facebook’s Libra cryptocurrency. The former governor of the People’s Bank of China (PBoC) says “China should take precautions” against the trend represented by Facebook’s Libra cryptocurrency. Twitter-based Chinese crypto news source CnLedger reported on Xiaochuan Zhou’s remarks on […]
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Facebook’s David Marcus has written a letter to Maxine Waters and other committee members to address their concerns. David Marcus, the head of Calibra at Facebook, has written a letter to Chairwoman Maxine Waters and members of the House Financial Services Committee in preparation for the upcoming Libra hearings, according to a report by The […]
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