[ad_1] It has been a few months since Facebook officially announced its “Libra” cryptocurrency push with support from some big names including Visa and Mastercard. Since then we’ve heard little about it other than increasing scrutiny from regulators, bankers and politicians around the world, while those partners have mostly remained quiet. The Wall Street Journal […]
Category: Cryptocurrency
SEC fines Block.one $24 million for unregistered ICO worth billions
[ad_1] Block.one has agreed to pay the fine, but has neither admitted nor denied the SEC’s findings. The company has also been granted a waiver which means it won’t be subject to any ongoing restrictions that would usually apply to a settlement of this kind. It’s not the first such penalty to be levied by […]
UK police auction TalkTalk hacker’s cryptocurrency
[ad_1] This is believed to be the first auction of this kind by UK police. The money raised will go toward fighting crime. It’s also meant to show that there’s no place to hide criminal assets, one officer said. This isn’t Gunton’s first run-in with the law. He played a key role in the 2015 […]
Venezuela reportedly wants its central bank to hold bitcoin
[ad_1] The bank is likewise considering proposals to count cryptocurrencies toward international reserves that have plummeted in recent years. It’s not certain where Petroleos got the bitcoin and ethereum, let alone how much it has. There’s also no guarantee that companies would accept such a move when crypto’s relative anonymity and the potential for money […]
Facebook’s Libra currency will get half its backing from the US dollar
[ad_1] This isn’t surprising given Facebook’s home turf and the usual strength of the US dollar. The absence of certain currencies might work in Libra’s favor, too. The absence of China’s yuan could appease American politicians scrutinizing the currency by assuaging their fears of Chinese influence. US officials have long accused China of softening the […]
Central banks to question Facebook over Libra cryptocurrency
[ad_1] In response, Libra reiterated its earlier stance that it “welcome[s] this engagement” with politicians and regulators, and that it “deliberately” set out a long launch schedule to discuss issues and modify its plans based on feedback. The conversation might not go the way Facebook and the Libra team hope. Coeuré in particular has warned […]
How to crack your half-forgotten crypto password
[ad_1] Cryptocurrency security relies on hashing algorithms that transform a traditional password, such as “banana$123,” into a unique string of numbers and letters, called a hash. To get specific, Ethereum wallets use a password-based key derivation function, meaning users input a unique password they can (theoretically) remember, and in return, they receive a key that […]
France says it will block Facebook’s Libra cryptocurrency in Europe
[ad_1] Speaking at an OECD conference in Paris on Thursday, French finance minister Bruno Le Maire said Libra would put the sovereignty of governments at risk. “All these concerns around Libra are serious,” he said, according to a translation by CNBC. “So I want to say this with a lot of clarity: In these conditions, […]
Boxer Manny Pacquiao intros cryptocurrency to cash in on his fame
[ad_1] It’s a rare move in the industry. Cryptocurrencies have received celebrity endorsements before, but it’s still a novelty for celebs to release digital coins that revolve around them. It’s not completely surprising that Pacquiao would go this route, mind you. Crypto’s decentralized, digital nature gives it a degree of independence from conventional currencies — […]
Telegram hasn’t given up on its ‘Gram’ cryptocurrency
[ad_1] The currency — which has been rumored for a while — will operate with a decentralized structure similar to Bitcoin. The coins will apparently be stored in a Gram digital wallet, which Telegram plans to offer to its 200 million global users. However, the cryptocurrency has largely been born of 2018’s $1.7 billion investment […]