Ethereum is a very popular platform for creating decentralized apps (DApps), however, an Ethereum fork can disrupt much of the DApp ecosystem. Decentralized finance has now drastically reduced the chances of such a fork.
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Chinese Regulator: Libra must Abide to Regulations or get Banned
A Chinese senior regulator is of the opinion that Libra must be made to abide to international foreign exchange regulations or “it should be banned”. Sun Tiangi Chief accountant of China’s State Administration of foreign exchange (SAFE), made the comments…
China unbans Crypto!!
China is taking an abrupt crypto U-turn that is surprising everyone in the crypto community. A country that only a few months ago had a lot of anti-crypto sentiment is increasingly becoming more open to the technology. According to Twitter-based…
Jack Dorsey: Twitter will not be Joining Libra Association
According to Twitter CEO Jack Dorsey, the social media giant will not be part of the Libra foundation. Dorsey replied with a resounding “Hell no” when asked about his firm’s potential membership of the Facebook-led crypto payments scheme at a…
Layer1, an American start-up raises $50 million from billionaire Peter Thiel for Bitcoin mining in Texas
Layer1, an American start-up plans to build a giant hub for Bitcoin mining in Texas. The company has raised $50 million from billionaire Peter Thiel.
Zuckerberg to tell Congress that Libra can Fix “failing” Financial System
Facebook CEO Mark Zuckerberg will tell congress that Libra can bring financial services to the world’s 1.7 Billion unbanked people. Facebook’s CEO released a written testimony a day before his scheduled appearance before the U.S House of Representatives Financial Services…
Banks May Drop Facebook Due to Regulatory Concerns
An ING executive has warned that banks may be forced to drop Facebook as a customer, if it persists with its plans to develop the Libra project. The executive is concerned that Facebook may continue its project without addressing the…
Binance to Launch First Fiat to Crypto Trading Pairs
Cryptocurrency exchange Binance will soon launch its first fiat to cryptocurrency trading pairs. This was revealed by Binance CEO Changpeng “CZ” Zhao at the Open innovations conference 2019 in Moscow. The exchange, which is the largest in the world at…
The US Fed prints new dollars worth more than the Bitcoin market cap, prompting questions
The US Fed prints new dollars worth more than the entire Bitcoin market cap, prompting a Bitcoin expert to suggest that investors should buy Bitcoin.
Crypto Investor urges the FCC to Crack down on SIM Swapping
Crypto investor Michael Terpin has written an open letter to the federal communication commission (FCC) chairman Ajit Patel, requesting urgent action on SIM swapping fraud. Terpin, who has lost money due to SIM swapping himself, asked the regulator to make…