Analysts are still scratching their heads regarding the Fed’s decision last week to inject roughly $60 billion per month into the U.S. economy. The central bank announced that it would be buying back Treasury bills, perhaps until Q2 of 2020, in hopes of preventing turmoil in repo money markets. The confusing part was when Jerome…
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The US Securities and Exchange Commission (SEC) is definitely not wasting its time when it comes to slashing ICO dreams. The financial regulatory body, after rejecting another Bitcoin ETF application, went on to file a legal complaint against the messaging app Telegram and its Telegram Open Network or TON. The reason? The unregistered ICO of…
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Retail forex broker and provider of FX and CFD trading, FXCM (NYSE:FXCM) has just announced the introduction of cryptocurrency baskets to its retail customers. CryptoMajor - the cryptocurrency basket – is made up of the 5 major cryptocurrencies: Bitcoin, Ripple, Litecoin, Bitcoin Cash and Ether. CryptoMajor addresses hedging transparency issues by giving an equal weighting…
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After the solid rumours that Facebook's Libra is going to be postponed for 2020, Zuckerberg is now facing Congress on the 23rd of October. With that there were also speculations that the COO of the company, Sheryl Sandberg may also testify regarding the project. The information comes directly from CNBC. Mark Zuckerberg will be the…
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The cryptocurrency project of Facebook, Libra, got immense attention from regulatory bodies. Leaprate last reported that the cryptocurrency launch may be delayed some time in 2020. This is not what Zuckerberg wanted, but at the end Facebook vouched for complying with all regulatory issues before launching Libra. But what happens when Libra's partners start to…
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As if it was not bad enough to watch crypto valuations tank over the past two weeks, the news out now is that a collective of hackers, known as the "Gorgon Group", have launched a widespread botnet attack that focuses on crypto investors by creating a backdoor into your personal computer, bouncing around any Microsoft…
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After Congress’s public thrashing of Facebook’s Libra project and all things crypto, it was only a matter of time before a few Congressmen would bandy together to propose a “news catching” or “click bait” type of response, as a way to counter to this somewhat overblown threat. In a letter to Federal Reserve Chairman Jerome…
Read moreFinancial institutions may not agree on when the cryptocurrency industry will mature enough and not be a threat to them, but employees may choose to launch their own currencies, nevertheless. The latest currency was created by former employees at JP Morgan, Intel and TrustToken. The cryptocurrency is actually a stablecoin pegged to the USD and…
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Facebook's ambitious cryptocurrency venture, Libra, has financial regulators around the world on their feet and thinking how a tech company's digital currency rival with national fiat ones, established monetary policies and even national security. All of these concerns and many more have now caused the launch of Libra to get delayed, most likely up until…
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Congressional hearings a while back raised serious issues regarding blockchain technology and the potential for abuse by the criminal element in our society. These words may have taken on a softer tone than what several congressmen and government officials, including President Trump, had said about cryptos and the distributed ledger technologies that rely upon blockchain…
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