About Author:
1 Confirmation with Jeff and Dave
A graduate of English, I stumbled on cryptocurrency while trying to proofread an article for a friend back in 2011, and since then, I have been hooked! I play word games when I am less busy (I'm a pro by the way) and I am a tennis aficionado.
Head of Calibra, the Libra cryptocurrency wallet, David Marcus, stated that bitcoin is a digital equivalent of gold and not to be considered as a currency. Per a report by CNBC on November 6, 2019, the Calibra Chief opined that BTC was not a good medium of exchange. Bitcoin is...
The regulatory watchdog in Hong Kong is set to release clear regulations regarding cryptocurrency exchanges in the country. According to a report by Reuters on November 6, 2019, the new set of crypto regulations will center on areas such as know-your-customer (KYC), anti-money laundering, and custody rules. SFC Set to...
China’s national digital currency is in the works, which would monitor transactions and curb money laundering. However, according to a recent interview with CNBC on November 5, 2019, Ethereum co-founder, Joseph Lubin, believes that China’s central bank digital currency (CBDC) lacks a key component of blockchain technology, which is decentralization. ...
Jack Dorsey, the CEO of Twitter and Square is increasing his stake in the cryptocurrency arena as the Wall Street Journal (WSJ) reports the bitcoin bull investing in CoinList. Dorsey’s other company, Square, is also heavily involved in bitcoin trading. Dorsey Endorses CoinList Speaking to the WSJ on the decision...
Bitcoin mining giant Bitmain is once again reportedly undergoing an upheaval within its upper hierarchy. Bitmain’s ex-figurehead Jihan Wu seems to be calling the shots, dismissing co-founder Micree Zhan. The news of the organizational restructuring at Bitmain comes as mining rival Canaan is moving forward with its U.S. IPO. Micree...
The UK government says the Financial Conduct Authority (FCA) is firmly within its right to regulate the crypto space, amid reports of a potential ban on cryptocurrency derivatives. Per a report from Finance Feeds, the government highlighted the FCA’s independence, placing it outside the ambit of the executive. UK Government...
Per a press release on Business Wire on October 15, 2019, cryptocurrency and blockchain security company, CipherTrace, recently launched a platform that would trace the transactions of over 700 crypto tokens. The expanded platform helps investors, law enforcement agencies, and financial regulatory bodies to check for illicit crypto transactions. CipherTrace...
Following the departure of some early backers from the Libra Association, a slew of organizations have indicated interest in becoming a part of the Libra crypto project. Apart from new companies showing interest in Facebook’s virtual currency project, the Libra Association made new appointments according to a report from TechCrunch. ...
Few days before the United States Securities and Exchange Commission (SEC) decides to approve or deny Bitwise’s bitcoin exchange-traded fund (ETF) application, the Head of Research, Bitwise Investment, is optimistic that the company is closer to getting its Bitcoin ETF, according to a report by CNBC on October 7, 2019....
The Financial Conduct Authority (FCA), the U.K’s financial regulator, has increased its investigations on cryptocurrency exchanges operating in the country. According to a report by the Financial Times on October 6, 2019, the regulator is intent on fishing out fraudulent virtual currency exchanges. More Cryptocurrency Exchanges Come Under the FCA ...
Facebook’s Chief Operating Officer, Sheryl Sandberg, is scheduled to appear before the U.S. House Committee later in October to discuss the Libra cryptocurrency. However, according to a report by The Information on October 4. 2019, there is a condition that needs to be met before Sandberg’s appearance – Mark Zuckerberg...
The former President of Swiss bank, UBS AG, Peter Wuffli, who now serves as the director of the cryptocurrency bank, Sygnum AG, recently shared his thoughts on the potentials of cryptocurrency and blockchain technology. In an interview with SwissInfo on September 26, 2019, the new Sygnum Director believes that blockchain...
Hollywood actress Kate Winslet is looking to sue a group of bitcoin scammers who impersonated her to get money from unsuspecting investors. According to a report on September 23, 2019, the schemers alleged that the actress made her fortune through cryptocurrency investments. Tip of the Iceberg A group of online...
The world’s fourth-largest bank, Wells Fargo, announced plans to use its digital token to pilot internal settlement services, which would run on its distributed ledger technology (DLT) platform. Per the press release September 17, 2019, the pilot project is expected to take off in 2020 and would initially focus on...
A Berkeley councilmember became the first elected official to buy cannabis with cryptocurrency, according to a report by a Californian student newspaper, The Daily Californian on September 16, 2019. The introduction of cryptocurrency into the cannabis industry would help create more awareness for both industries. Cryptocurrency Provides Solution for Unbanked...
