[ad_1] On top of this, Griffith supposedly planned to streamline Ethereum exchanges between North and South Korea while knowing this would violate US sanctions. He apparently called on other Americans to visit North Korea (including for the crypto conference) and signaled plans to renounce his US citizenship while buying citizenship elsewhere. Griffith is charged with […]
Category: Cryptocurrency
Thieves took $49 million in Ethereum from a crypto exchange
[ad_1] The exchange encouraged community members to block deposits from the offending wallet, but didn’t have leads to identify the owner. There’s a wide range of potential candidates. It could be typical online criminal organizations, an inside job, or nation states hoping to pad their funds when sanctions leave them cash-strapped. This isn’t the largest […]
Facebook releases Zuckerberg’s upcoming testimony in defense of Libra
[ad_1] According to Zuckerberg, Facebook is “committed to taking the time to get this right.” But he also points out that China could reveal a similar system in the coming months. “If America doesn’t innovate, our financial leadership is not guaranteed,” Zuckerberg’s prepared statement reads. Supposedly, Facebook isn’t just motivated by self-interest. “Over the long […]
HTC’s Exodus 1s can run a full Bitcoin node for under $250
[ad_1] At least that’s the idea. While it’s not as intensive as mining Bitcoin, running a full node still requires a lot of computing power. In fact, HTC recommends only using the feature while the phone is connected to WiFi and plugged into its power adapter. The company also plans to roll out full node […]
Facebook’s Libra loses one more member as its council becomes official
[ad_1] PayPal, eBay, Mastercard, Visa and Stripe were some the most prominent companies to pull out, each of them leaving within days of each other. Not that Facebook is deterred. Libra Association policy head Dante Disparte told Reuters that the departures were a “correction” and “not a setback.” The outfit also touted the number of […]
US says digital assets are covered by money laundering and disclosure laws
[ad_1] US regulators issued a blunt warning to cryptocurrency holders who think they're not beholden to the usual rules. The Securities and Exchange Commission, the Commodity Futures Trading Commission and the Financial Crimes Enforcement Network have put… [ad_2] Source link
eBay and Stripe pull out of Facebook’s Libra cryptocurrency
[ad_1] “We highly respect the vision of the Libra Association; however, eBay has made the decision to not move forward as a founding member,” eBay said in a statement. “At this time, we are focused on rolling out eBay’s managed payments experience for our customers.” “Stripe is supportive of projects that aim to make online […]
UNICEF now takes bitcoin and ether donations
[ad_1] When UNICEF receives a cryptocurrency donation, it won’t cash it out for a national currency. Rather, it will hold onto the bitcoin or ether and send the funds to a charitable cause in that same tender. This method will maintain a transparent chain of custody across the donation process and will ensure that the […]
EU grills Facebook over Libra’s financial and privacy risks
[ad_1] The questioning is part of a larger EU effort to determine if and how Libra should be regulated, provided it’s even allowed to operate in the region. There are significant hurdles to that happening. The European Central Bank’s Benoît Coeuré has warned that the standards for approval “will be very high,” and the French […]
Facebook’s Libra cryptocurrency loses backing from PayPal
[ad_1] A few days after the Wall Street Journal suggested that some companies announced as initial backers for Facebook’s cyptocurrency were reconsidering support, PayPal has announced it will end its participation in the Libra Association. Founding members invest $10 million to fund the association, and as CNBC notes, it’s unclear what happens to that money […]