Facebook’s ambitious crypto project Libra is running out of steam as it gets hounded by regulators and governments around the world. The social media giant was dealt another blow yesterday when major project partner PayPal announced that it was jumping ship, but the Coinbase boss thinks the US should reconsider its negative stance. Rats Desert…
In a recent interview, Blockstack boss Muneeb Ali said he was cautiously optimistic about the US regulatory environment for crypto. The comments follow further hearing from US regulators on the crypto space and its emerging players. Cautiously Optimistic on Crypto The co-founder and CEO of decentralized computing network Blockstack, joined CNBCs ‘Squawk Box’ to discuss…
The world’s largest crypto exchange will be opening its US platform across most of the country next week. It has announced the listing of six crypto assets for trading but conspicuously missing from that list is its own Binance Coin. Binance.US Opens Next Week Binance stated that its US platform will be open for registration…
Researchers at CoinCenter are in favour of a federal level regulatory framework to overlook intermediaries doing business with crypto assets in the United States. The non-profit organisation argues that the existing state-by-state regulations are a mess and that differing approaches in different jurisdictions limit the innovative potential of the industry. CoinCenter proposes an optional federal…
Bitcoin has been surging and falling in recent weeks. And it seems mostly to come down to one thing: regulation. The lack of regulation is, for now, a large part of bitcoin and other cryptocurrencies’ intrigue: they seem to allow people to avoid the traditional restrictions in place in money and other assets. But they’re…
Bitcoin and every other cryptocurrency is plunging amid fear and worry over its future. Bitcoin has fallen nearly 10 per cent over the day, from an already low point over the last week. It's now fallen to nearly $9,000, a long way from the nearly $20,000 landmark it almost hit in December. And every other major cryptocurrency…
The Treasury Committee is launching an inquiry into digital currencies, which are attracting a great deal of interest after the spectacular rise of bitcoin last year. It will assess the potential risks and benefits bitcoin and alternative cryptocurrencies could bring to individuals, businesses and the Government. It will also consider the impact regulation could have,…
Venture capital stalwart Andreessen Horowitz has been upping the ante in the crypto combat with US regulators. The firm aims to temper Washington’s somewhat harsh stance on the digital asset industry that could be holding the US back. Andreessen Horowitz Battles For Crypto The primary aim from the investment firm is to advance its latest…
Following a couple of weeks of outright lambasting by US lawmakers, Facebook’s Libra crypto project appears to be cracking at the seams before it even gets off the ground. A fresh round of regulatory pressure has piled on this week from concerned countries around the world. Facebook Crypto Angst Escalates In the two months following…
Following the announcement of Facebook Libra – a crypto project aimed to replace the US dollar and other fiat currencies, the United States has been up in arms regarding Libra, Bitcoin, and the rest of the cryptocurrency landscape. The US is finally ready to begin regulating this portion of the financial sector and has begun…