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Washington Lawmakers Call to Spoil Party on Facebook’s Crypto Aspirations

Washington Lawmakers Call to Spoil Party on Facebook's Crypto Aspirations

New plans from Facebook to enter crypto space appear to be infuriating a group of Washington lawmakers who fear the media giant is cutting loose without regards to regulation. The comments floating around Capitol Hill seem to be led by House Financial Services Committee Chairwoman Maxine Waters who just wants to put the skids on the development of Facebook’s Libra …


Google Claims It Did Not Shut Down CCN.com

Google Claims It Did Not Shut Down CCN.com

A Google representative has denied that there was any attempt to instigate CNN.com’s shutdown by updating the Google algorithm. On 10 June, the popular cryptocurrency news site was shut down due to a marked decrease in its online readership. The search giant responded that some sites might be affected more than others after the Google update. After Google’s Core Update on …


Investment Heavyweights Add Investment Spark to Digital Security Firm Fireblocks

Investment Heavyweights Add Investment Spark to Digital Security Firm Fireblocks

Fireblocks, a platform which secures and protects digital assets in transit, is getting some serious backing for its latest project from the proprietary investment arm of Fidelity International. The USD 16 million in Series A funding from investment heavyweights including Cyberstarts, Tenaya Capital, and Eight Road will now enable Fireblocks to seek further backing and further increase its development. The …


SEC More Informed Than Expected at DC Blockchain Forum

SEC More Informed Than Expected at DC Blockchain Forum

The week started with the much-awaited Securities and Exchange Commission’s (SEC) first Fintech Forum, held on 31 June in Washington DC. Issues on the agenda were expected to be related to cryptocurrency assets and DLT with key SEC officials being joined by various legal, financial and technical experts, but what surprised experts was the degree of knowledge SEC representatives already …


Crypto Over Cash: US Congressional Research Service Take A Look

Crypto Over Cash_ US Congressional Research Service Take A Look

Recent research by the Congressional Research Service (CRS) in the US has revealed that there is a migration away from cash in retail transactions, adding to the possibility that alternative methods of payments including cryptocurrency could gain traction moving forward. The May 10th report by the CRS indicates that alternative non-cash payment systems, including bitcoin or other digital assets, in …


US Crypto Users Hit by Sim Jacking Flurry

US Crypto Users Hit by Sim Jacking Flurry

Over the past week, the US cryptocurrency community has been reeling from a recent wave of sustained SIM swapping attacks. The attacks were limited to the US alone and seemed to have targeted T-Mobile and AT&T customers. SIM swapping/jacking is a type of account takeover fraud that generally targets a weakness in two-factor authentication and two-step verification, where the second …


How the ICO Market Has Been Regaining Investor Faith

How the ICO Market Has Been Regaining Investor Faith

In 2018, funds raised from initial coin offerings (ICOs) fell dramatically from over USD 1 and a half billion in January, to under USD 75 million in December. However, new data showing the activities of the month of May so far indicates that investor faith has begun to regain strength in the light of increasingly highly-rated ICO projects, with 85% …


Can Blockchain-Backer Matt Hancock Woo Party Millennials and Become Next UK PM

Hancock

With speculation mounting as the race to become nominated for the leadership of the UK conservative party and hence become the next British Prime Minister, Blockchain advocate and tech campaigner Matt Hancock has thrown his hat into the ring. With the number of candidates now standing at eight, with more yet to put their names forward in the next few …


Weather Project in Queensland uses BSV Blockchain to Support Farmers

Weather Project in Queensland uses BSV Blockchain to Support Farmers

An Australian experimental weather project, WeatherSV, designed to serve Queensland’s farming community, is helping farmers to access important data through the Bitcoin BSV blockchain. The work is the creation of IT professional Paul Chiari, a strong advocate of using agritect technology to support his local community, in the case farmers. WeatherSV was the result of his experimentation with data distribution …


Facebook Targets 2020 for “GlobalCoin” After Bank of England Meet

Facebook Targets 2020 for “GlobalCoin” After Bank of England Meet

A BBC business report has just released fresh details on near-finished plans by social media giant Facebook to launch its own cryptocurrency next year; the coin has been dubbed internally as GlobalCoin. According to the report, Facebook’s founder Mark Zuckerberg had held meeting with Bank of England governor Mark Carney last month to talk about the opportunities and risks associated …


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