Libra, having faced extreme scrutiny from regulators, has reportedly decided to turn its sight to a more regulatory-friendly zone: national currencies. Reuters reported on Sunday that Facebook is currently considering pegging the Libra cryptocurrencies to national ones. One option is the dollar. The main goal of Facebook is to develop a more efficient payments system.…
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BISON, Boerse Stuttgart Group’s crypto app, have just announced that they have launched a free-of-charge trading in Bitcoin, Ethereum, Litecoin and Ripple (XRP), available 24 hours a day from Monday to Sunday. BISON was launched earlier this year and currently has around 60,000 active users. Dr Ulli Spankowski, CEO of Sowa Labs GmbH, the subsidiary…
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Crypto investigative tools have helped to nab 337 users of the world’s largest operating child pornography website on the Darknet that had collected million of dollars worth of Bitcoin over the past few years from its users. Its founder, 23-year old Jong Woo Son, a South Korean citizen, was indicted by a U.S. grand jury,…
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London-based institutional digital securities exchange, Archax has announced that it has teamed up with R3. The exchange will use R3’s Corda Enterprise platform to build its post-trade infrastructure to reduce friction in the post-trade process, as well as to handle post-trade activities on a distributed ledger. Archax' application to operate a multilateral trading facility (MTF)…
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One of the common misunderstandings that government officials continue to spout is that the blockchain is a safe haven for crooks and that the crypto industry is not doing anything to stop these illicit activities. It always makes for great headlines and “click bait”, whenever these mistruths are uttered in the public sphere, but the…
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As 2018 came to a close, several concerned observers of the crypto-verse predicted that 2019 would be a critical turning point for many crypto development efforts. In other words, it was time to demonstrate marketable “use cases” across the spectrum of over two thousand token programs that had raised significant funds based on rather thin…
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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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Bitcoin enthusiasts were hopeful last week that a familiar technical pattern would come to the rescue of their beloved digital asset, but it was not to be, at least not yet. The pattern that got everyone excited was what is called a “Double-Bottom Reversal”. If you calculate the distance from the bottom to its “neckline”,…
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With all the hoopla surrounding the stumbling Bakkt futures exchange, we tend to forget that the Chicago Mercantile Exchange (CME) has already established itself as a “go to” place for Bitcoin futures contracts. The CME is also a wily competitor, having knocked out the Chicago Board of Exchange (CBoE) from the arena last March. The…
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When the G20 approved the recommendations of the Financial Action Task Force (FATF) back in late June, the group imposed a one-year deadline for local regulators to adopt new rules and regulations regarding implementation and compliance. The rules themselves have no explicit penalty provisions, but crypto exchanges are already four months into the process and…
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