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Facebook to scale back on Libra, to offer currency-backed digital asset
On Tuesday, The Information said in a report that the global social networking tycoon, Facebook Inc. had been shelving its planned blockchain-based crypto project, Libra
Cryptocurrency
Cryptocurrency crime losses more than double up to $4.5 billion in 2019
Losses from the crypto-related crimes appears to be mounting intransigently with no remedy in sight thus far
US securities regulator unfurls framework for digital coin offering (ICO)
A top US financial regulator had submitted a proposal on Thursday, the 6th of February 2020, saying that the technology trading start-ups could be spared current securities legislations during raising capitals in form of digital currencies
Bitcoin rally tops double digit gain in 2020 as crypto cap soars 23% in two weeks
Crypto markets have already posted double-digit gains over the first two weeks of 2020 as a number of traders were leaning towards cryptos despite a slew of legal backlashes and regulatory setbacks
Fidelity Investments’ cryptocurrency wing makes headway into Europe
On Tuesday, the 14th of January 2020, Crypto wing of American multinational financial services company, Fidelity Investments marked its first thrust into Europe
Crypto scams surge, losses hit $4.4 billion by mid-September: CipherTrace
Crypto-related theft had surged substantially in 2019 compared to last year, as bigger-sums were flowing through the digital coin exchanges
China’s Central Bank to crack down on crypto trade, cryptocurrencies plunge
On Friday, the 22nd of November 2019, the People’s Bank of China had issued a public statement saying that it would soon launch a sweeping crackdown on cryptocurrency trading activity in the Shanghai municipality
Bitcoin extends rally after China pledges support to blockchain technology
Over the weekend, the original crypto, Bitcoin had spiked to a fresh one-month peak of $9,226.50 after momentarily breaching its 1-1/2 month peak of $10,504.50 on Sunday (October 28th)
Facebook open to physical-currency backed stable coins for Libra
On Sunday, the 20th of October 2019, Facebook Inc., the Silicon Valley Goliath, said that it could use national currencies likes of American dollar for its Libra project instead of an entirely blockchain-based synthetic one
Europe has no plans to ban Facebook Libra, says ECB’s Coeure
On Thursday, the 17th of October 2019, the director of ECB (European Central Bank), Benoit Coeure, said in an interview that policymakers all over the world had no plans to ban Facebook’s Libra
Facebook’s Libra facing off ‘core’ regulatory challenges before launch
On Wednesday, US Federal Reserve Governor said Facebook Inc.’s latest effort to instrument a digital currency into the mainstream financial system had to overcome a “core set of legal and regulatory challenges”
Facebook's Libra support pared down further as Priceline owners spring back
On Monday, the 14th of October 2019, the Menlo Park, CA-based social networking Goliath's plan to bring its planned digital currency, Libra, into mainstream commerce, had been hit with another whiplash
Trade tensions & a devalued Yuan fuel up crypto demand among Chinese
A yearlong Sino-US trade conflict alongside a much-moderated Chinese Yuan have been amplifying demands of cryptocurrencies and crypto-related assets among the Chinese investors
G7 leaders urge to regulating cryptocurrency modules
The G7 leaders were also in agreement to coming up with a digital tax system for technology-based companies such as Google
Bitcoin drops more than 10% as cryptocurrency criticisms creeping
Over the last weekend, the original cryptocurrency, Bitcoin was slumped more than 10 percent to a two-week low after gaining more than 30 percent later last month
Bitcoin breaks below $11,000 after failing at resistance, sell-off quickens
On Thursday, a steep sell-off of the original crypto, Bitcoin, had gathered pace, as crypto traders appeared to be rushing on to banking profits after rising more than 10 percent yesterday (June 26th) to breach its January 2018 highs.
Bitcoin retreats from 18-month high after 10% weekend jump
On Monday, the 24th of June 2019, during the early European trading hours, Bitcoin had pulled back from its 18-month high reached during the weekend, while analysts remained speculative on further Bitcoin gain
Global money-laundering watchdogs to launch crackdown on cryptos
On Friday, the 21st of June 2019, a global watchdog said that the cryptocurrency firms would now be held legally responsible for potential abuse of digital coins likes of bitcoin for money laundering
Facebook called before Senate panel on digital currency project ‘Libra’
On Wednesday, the 19th of June 2019, US Senate Banking Committee had issued a legal statement calling Facebook executives before a senate panel on July 16th to clarify the social networking tycoon’s digital currency project ‘Libra’
US charges ex-CEO of Crypto company Longfin $66 million in fraud
US prosecutors of a New Jersey district court had filed that the former CEO of now-defunct cryptocurrency company, Longfin Corp., Venkata Meenavalli, 49, had architected an accounting fraud to inflate the revenue of Longfin
Facebook in talks with US regulators over digital currency plans
Social networking tycoon, Facebook Inc., headquartered in Menlo Park, had been in talks with the Commodity Futures Tradition Commission (CFTC) to discuss about the California-based company’s plan to unveil a digital currency
Bitcoin hits nine-month high after Binance crypto hack
On Monday, the 13th of May 2019, the leading crypto, Bitcoin had surged more than 12 percent, while it had been hovering around $7,000 level after breaching its critical resistance at $6.750-$6,800.
Hackers shift Binance’s stolen cryptos, identity still unclear
On Wednesday, the 8th of May 2019, one of the world’s largest bitcoin exchange platform, Binance said that it had faced a brutal hack through phishing and viruses, resulted in a theft of around 7,000 bitcoin
China says it wants to eliminate wasteful bitcoin mining
On Monday, the 8th of April 2019, China’s state planner, the National Development and Reform Commission said that it had created a revised list of industries, it wished to restrict or eliminate including bitcoin mining
JPMorgan Chase to create digital coin using blockchain technology
the JPMorgan Chase & Co. seems to be rekindling the hopes of digital currencies, as the largest lenders in US, said on Thursday (February 14th) that they had been planning to launch their own digital coils