The non-profit organization Libra Association, which is behind the Libra cryptocurrency project, wants to get a license to manage the payment system from the Swiss financial regulator. Today, the association announced that a license from the Swiss Financial Market Supervisory Authority (FINMA) could “expand opportunities for billions of people.” The association also requested a clarification…
The initial basket of currencies to secure the Libra stablecoin will probably include the US dollar, euro, yen, British pound and Singapore dollar. As you can see, the Chinese yuan is not on the list. This is in line with the concerns of Senator Mark Warner, who claims that China is pushing the authorities of…
Blockstream CEO Adam Back has expressed confidence that the Bitcoin dominance index will return to past record levels and reach 90%. During a discussion on Twitter with partner of venture investment firm Primitive Ventures, Dovey Wan, Beck said that the rise in altcoins in 2018 was only temporary and now bitcoin is gradually returning to…
Yesterday we wrote that the price of bitcoin has been in a sideways channel for a while. There is a good chance that this will not change in the coming week. This is a good time to look at the bigger picture. Bitcoin halving as a start for bullrun One of the most important recurring…
In June, the Financial Action Task Force issued a series of recommendations for the crypto industry that generated consternation. These include a rule that exchanges communicate confidential customer information with each other. Basically, FATF provides that transactions can not be carried out outside the platform without having clear information about the holder of the respective…
The American cryptocurrency exchange Gemini, founded by Cameron and Tyler Winklevoss (Cameron, Tyler Winklevoss), has launched its own custodial service Gemini Custody. In addition to storing assets, the service will allow you to check balances, download a statement of cash flows and provide third parties with limited access for audits. The funds that the user…
Cryptocurrency organizations based outside the Netherlands may be prohibited from working in the country in accordance with the new regulation, which will be adopted early next year. Tobias Oudejans, spokesman for the Netherlands Central Bank (DNB), said that the upcoming regulation will force local companies to register with the Central Bank. In addition, foreign cryptocurrency…
The show “Do you want to be a millionaire?” In India explains what cryptocurrencies are. One of the most popular TV shows in India, the local version of “Do you want to be a millionaire?”, He explained to the public what cryptocurrencies are. A contestant on the show received a question about Facebook’s Libra cryptocurrency,…
Justin Sun makes new plans for his hyped cryptolunch. And he invites another special guest, none other than Donald Trump. The president of the United States has not yet responded to the invitation, so it is unknown whether he is coming. For a moment it was the hype of cryptoland: the lunch of TRON’s CEO…
Lightning Labs CTO Olaoluwa Osuntokun and ACINQ reported that recently discovered vulnerabilities in the Lightning Network are being exploited by cybercriminals. Late last month, Australian programmer and Lightning Network developer Rusty Russell announced the discovery of vulnerabilities that could lead to loss of user funds. The developers said they had already discovered “confirmed cases of…