Mark Zuckerberg, the CEO of Facebook, will testify in front of the US House Financial Services Committee tomorrow in what will be a closely watched political event. Zuckerberg will be defending Facebook’s attempt to create a global non-sovereign cryptocurrency called Libra. The stablecoin has come… Read More
Tagged facebook, house financial services committee, libra, mark zuckerberg, testimony
Draft legislation has been posted on the US House of Representatives, Financial Services Committee website that may designate “stablecoins” as securities. Sponsored by Representative Sylvia Garcia, the ‘‘Stablecoins are Securities Act of 2019″ would mandate that stablecoins are investment contracts and thus are regulated under… Read More
Tagged facebook, house financial services committee, legislation, libra, stablecoins, stablecoins are securities act of 2019, sylvia garcia
Heath Tarbert, chairman of the Commodity Futures Trading Commission (CFTC), has reiterated the statement that Ether (ETH) futures contracts might be introduced next year. Earlier this month, Tarbert broke the news on the possibility of ETH futures during the Yahoo Markets All Finance conference. Tarbert… Read More
Tagged cftc, commodity futures trading commission, eth, ether, ethereum, heath tarbert
Bitcoin.com has acquired O3 Labs, according to a release. O2 is a Tokyo-based software company that “specializes in developing gateways to the digital economy.” O3 will be absorbed into Bitcoin.com, forming a single team dedicated to creating tools for the Bitcoin Cash network. Stefan Rust,… Read More
Tagged bitcoin cash, bitcoin.com, japan, o3 labs, stefan rust
Rockdale, Texas, a former coal and aluminum producing town hit hard by the exit of those industries. DMG (TSX-V: DMGI), a Canadian firm, will provide hosting and management services for the Texas facility and will work with Bitmain to expand the capacity and to ensure… Read More
Michael Terpin, well known within the cryptocurrency industry, was a victim of a serious theft of crypto several years ago as approximately $24 million in crypto was stolen from his accounts via a Sim Swap hack. Terpin went on to file a lawsuit against AT&T… Read More
Tagged at&t, hack, michael terpin, sim swa, sim swap
A plaintiff called Seth Shapiro is suing telco giant AT&T (NYSE:T) for its role in allegedly allowing hackers to access his cellphone on four occasions and enable the theft of $1.8 million USD in cryptocurrencies from his crypto exchange accounts. SIM-swapping is a type of hack… Read More
Tagged at&t, cybersecurity, hack, michael terpin, sim swap
Jamie Dimon, CEO of JPMorgan Chase, has called Facebook’s go at issuing a cryptocurrency for in-app payments, Libra, “a neat idea that’ll never happen.” Dimon made the comments last Friday while speaking on a panel with Morgan Stanley CEO James Gorman. The two were featured at a conference… Read More
Tagged facebook, jamie dimon, libra, stablecoins
Digital asset exchange Bitfinex recently applied to a US court to subpoena a former senior banking official of a trust company that the exchange says could help it recover more than $850 million in frozen funds. On October 18, Bitfinex submitted a filing to a… Read More
Tagged bitfinex, crypto capital, ifinex, tether
Bitcoin IRA, a company that allows individuals to invest in cryptocurrency in an IRS-approved retirement account, announced on Monday the launch of its new cryptocurrency and cash interest-earning program. According to Bitcoin IRA, the program was created through a collaboration with Genesis, a digital asset… Read More
Tagged bitcoin ira, cash, cryptocurrency, digital currency, interest-earning, program
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