The Motley Fool: Facebook Stablecoin Will Interest Visa, Mastercard
Multimedia financial services company, The Motley Fool wrote that Facebook’s much speculated, upcoming cryptocurrency project dubbed the Facebook Coin, will likely interest traditional credit card companies such as Mastercard and Visa. The publication claims that Facebook’s project, which it believes is most likely a stablecoin, would potentially disrupt the operations of the two companies, but […]
Investment Bank Société Générale Pushes for Crypto-Based Businesses Integration
In a recent tweet, French multinational investment bank Société Générale S.A. (SocGen) factored in ‘integration’ as a crucial competitive benchmark for European banking and its financial system. « La compétitivité du système bancaire et financier européen dépendra d’une meilleure intégration. Nous avons besoin d’acteurs européens compétitifs par rapport aux autres acteurs américains et asiatiques. » […]
SEC Worried Regulatory Delays Hamper Bitcoin
US Securities and Exchange Commission (SEC) commissioner Hester Peirce expressed comments that showed her concern that delays by the SEC in determining regulations for cryptocurrency may have hampered progress in the industry. Nicknamed Crypto Mom for her past words in support of the industry, Peirce was speaking at the Securities Enforcement Forum in East Palo Alto, […]
Bitcoin Marks 1st $1,000 Weekend Since 2017
After making an impressive 10% gains over late Friday into yesterday, Bitcoin continued to confound expectations over the weekend, pushing over key resistance levels at USD 7,000 to smash through new 2019 highs, settling at USD 7,400 and setting the first USD 1,000 weekend gain not seen since 2017. The last time Bitcoin saw a […]
US Senate Banking Committee Requests Clarification on Facebook Cryptocurrency
The CEO of social media giant Facebook, Mark Zuckerberg was sent an open letter from the United States Senate Committee on Banking, Housing, and Urban affairs, containing inquiries on the impact of Facebook’s new cryptocurrency relative to user’s privacy and data protection. Per the letter, the Senate Banking Committee recently had its first hearing on Privacy […]
Blockchain Sector Must Learn to Lobby for itself, Believes New York State Assemblyman
The crypto sector must become better at educating regulators and lobbying for itself according to Clyde Vanel, a New York State legislator. Vanel expressed his views on 10 May at a panel of ConsenSys’ Ethereal Summit. According to Vanel, a better advertisement of crypto and blockchain-backed business’ achievements and value to the public is required. The projects […]
Status of Digital Assets to Be Determined Under English Private Law by UK Government-Led Task Force
A public consultation has been launched by British government-led jurisdiction team to determine the status of digital assets under the English private law, noted an official statement on 9 May 2019. As per the statement, the existing legal uncertainty around the blockchain sector is cited as a major reason for the reluctance of investors towards cryptocurrencies by the United Kingdom […]
Litecoin Sees an Upsurge a Day After Litecoin Foundation Announces New Hardware Wallet
On 10 May 2019, Litecoin Foundation (LF) announced its new Litecoin branded ELLIPAL Hardware wallet 2.0, which is a connection free cold wallet, keeping it protected from vulnerabilities such as cyber hacks and unauthorized access. As the news spread over the internet, Litecoin’s value saw a 14.33% upsurge which raised its price more than USD […]
