Cryptocurrency markets are cooling off during the morning’s Asian trading session. The July fourth parties in the US maybe coming to a close but Bitcoin is beating a retreat at the moment, dragging the altcoins into the quagmire once again. Bitcoin Dumps 6 Percent The rapid fire recovery back to $12,000 from its 30 percent…
US lawmakers have called for an immediate halt to Facebook's cryptocurrency project Libra. Democrats on the House Financial Services Committee wrote a letter to Facebook CEO Mark Zuckerberg and other executives outlining concerns about the risks Libra and its digital wallet Calibra may pose to the current financial system. The group requested that development of Libra…
Facebook‘s plan to launch its own cryptocurrency next year is already attracting the interest of cyber criminals, according to new research. The social network announced the Libra cryptocurrency on 18 June, alongside 27 of the world’s biggest companies. Since that date there has been a spike in website domain registrations for names relating to the new cryptocurrency, as opportunistic…
The Blockchain Association has taken over the “Defend “Crypto” fund setup to help finance the legal battle between Kik and the SEC. The social messaging firm has stated that it feels the money could be better put to use by the industry collectively. Kik will take back the original $5 million it had donated to…
Facebook’s new cryptocurrency project has been accused of “ripping off” a small company’s logo. The technology giant unveiled the Libra cryptocurrency earlier this week, alongside a subsidiary called Calibra that will oversee the project. Facebook claims that Libra will reinvent the global financial system by offering services to the world’s unbanked, while also allowing people to…
Some of the world’s biggest companies have come together to create their own cryptocurrency that they hope will rival the US dollar, a decade after the launch of bitcoin. The Libra is backed by 28 companies including the likes of PayPal, Mastercard and Visa and will be launched by Facebook on WhatsApp, Messenger and other apps to allow…
Facebook is weeks away from launching its own cryptocurrency, with reports suggesting it will be available within its suite of apps, as well as through ATM cash machines. Rumours of the bitcoin-style currency have been circulating since early last year, when Facebook created a new blockchain division within its company. The social network, which is…
To most in the cryptocurrency community, Bitcoin (BTC) is a paradigm-shifting asset with unlimited potential. But to Warren Buffett, one of the world’s most well-respected investors, it is something with little-to-zero intrinsic value, and resembles “rat poison” more than it does shares in his favorite companies: Coca-Cola, Dairy Queen, or GEICO. Since Buffett and his…
An Indian businessman who made a fortune from an alleged cryptocurrency scam is on the run from authorities, according to local reports. Divyesh Darji is wanted by Gujarat police for promoting a cryptocurrency called Regal Coin, The Times of India reported, which promised customers a 5,000 per cent return on investments. Mr Darji had previously been involved with…
Some think it’s too early to call it, but the Bitcoin (BTC) bull run is seemingly back on the table. Over the past two months, the cryptocurrency market has seen the bitcoin price double, rallying from $4,200 to $8,600, the price as of the time of writing this, in a 2017-esque fashion. With this jaw-dropping…