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…

US Congressman: Facebook Should drop Libra and Adopt Bitcoin

Facebook’s Libra has been receiving a lot of attention since it was first revealed. It has been subject to international scrutiny, analyst scrutiny, and even US congressional scrutiny. U.S congressman Warren Davidson of Ohio’s 8th congressional district added his voice…

Secretary Mnuchin: Libra Backers Dropped out because of Libra’s Non-compliance

Steven Mnuchin speculated on what may have caused the latest blow to Facebook Libra’s ambitions. The proposed digital currency saw more of its corporate backers withdraw support, in what is being seen as a major setback. This came just weeks…

French Startup to Relaunch Crypto Payments Service in 5,200 Tobacco Shops

French crypto startup Keplerk will be re-launching its service to accept Bitcoin payments in over 5,200 tobacco shops in the country. The French startup had suspended this crypto service less than two months after its launch back in January, but…

Largest South Korean Convenience Store to Accept Crypto Payments Soon

The largest convenience store in Korea with 13,000 locations across the country CU, will soon be accepting crypto payments. According to local reports CU will integrate a payment system known as chai, which will enable consumers to utilize a Korean…