David Marcus, head of Facebook’s crypto wallet Calibra, stressed that Facebook will launch the Libra cryptocurrency project only after they address all regulatory concerns. David Marcus, CEO of Facebook’s crypto wallet Calibra, underlined that Facebook would not launch the Libra cryptocurrency project before they address all regulatory concerns. Marcus delivered his comments at a hearing […]
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Launched on July 15, Tor Project’s new Bitcoin-based crowdfunding campaign reached the softcap of $10,000 in 25 hours. Tor Project’s new Bitcoin (BTC)-based crowdfunding campaign has reached the softcap of $10,000 in 25 hours after the launch. The new crowdfunding program, known as BitcoinForTor, was launched on July 15 in collaboration with open-source payment processor […]
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The U.S. Senate Banking Committee raised a wave skepticism over Facebook’s crypto project Libra during the first day of testimony. The United States’ Senate Banking Committee raised a wave skepticism over Facebook’s crypto project Libra during the first day of testimony on July 16. The new hearing, called “Examining Facebook’s Proposed Cryptocurrency and Its Impact […]
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Blockstream CSO, Samson Mow, says that Facebook should have just used Bitcoin instead of developing Libra because regulators won’t let it happen. Chief strategy officer at blockchain development firm Blockstream, Samson Mow, declared that he believes that Facebook should have used Bitcoin (BTC) instead of developing its own stablecoin in a series of tweets published […]
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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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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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U.S. senators in the Banking Committee grilled Facebook in a hearing on its forthcoming Libra stablecoin project. At the ongoing hearing on Facebook’s Libra cryptocurrency project with the Banking Committee of the United States Senate, lawmakers are interrogating Facebook on privacy and trust concerns. As a Cointelegraph correspondent reports on July 16, David Marcus, head […]
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The U.S. congressional hearings on Libra may determine the future of the project. Here is what regulators think about Facebook’s crypto… This week is crucial for the future of Libra: Facebook’s cryptocurrency project will be subject to two back-to-back hearings in the United States Congress. First, the Senate Banking Committee will discuss the token on […]
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Everything you need to know about municipal cryptocurrencies and where in the world they are being implemented. States, provinces and municipalities could use cryptocurrencies to fund projects and programs. Municipal cryptocurrencies — that is, cryptocurrencies launched by cities — could offer citizens a new way to invest in a certain location and even buy goods […]
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Monero reveals fixes for major security risks for XMR — what does it mean? Cryptocurrency is so far on the cutting edge that it almost defines it, yet some are finding out the hard way that it’s even sharper than anticipated. The frightening reveal of nine security bugs through HackerOne internet security platform that had […]
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