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With Facebook’s Libra Congress Hearings Imminent, Will Bitcoin Price Plummet or Foray Higher?
Facebook’s Libra has been knee-deep in criticism ever since it was unveiled. Another hurdle that Facebook is currently facing is testifying during US governmental hearings. David Marcus, the head of the Calibra wallet, will be testifying before the Senate Banking Committee and the House Financial Services Committee on Tuesday 16th and Wednesday 17th respectively. дальше »
2019-7-16 10:24 | |
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U.S Government Seeks to Ban Facebook, Others, from Financial Services including Cryptocurrency
In what can only be interpreted as a crackdown on the growth of digital assets in the United States, the House Financial Services Committee’s Democratic majority is currently circulating a new proposal for discussion. дальше »
2019-7-16 20:08 | |
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House Committee Discusses Preventing Big Tech Companies From Issuing Crypto
Members of the House Financial Services Committee are discussing the possibility of introducing legislation that would bar large technology institutions in the US from issuing cryptocurrencies.
дальше »2019-7-16 18:36 | |
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Why Congress’ New Draft Bill Is Bullish For Bitcoin
US lawmakers are mulling a new bill that will boost bitcoin and prohibit tech monopolies from launching their own cryptocurrencies. The draft discussion has surfaced ahead of Facebook’s scheduled congressional hearing this week on the Calibra crypto project. дальше »
2019-7-14 15:00 | |
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Facebook’s Libra crossed the Atlantic to Switzerland for regulatory certainty, claims US Congressman
Facebook crossed the Atlantic, leaving US Congressmen pointing fingers. Libra, the cryptocurrency project launched by Facebook could be left in the docks before it sets sail for Switzerland. After running into harsh winds at the hands of Jerome Powell, Federal Reserve Chair during his hearing before the House Financial Services Committee, the prospects for Facebook […] The post Facebook’s Libra crossed the Atlantic to Switzerland for regulatory certainty, claims US Congressman appeared first on AMBCrypto. дальше »
2019-7-11 18:30 | |
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Altcoins fall below key support levels
The cryptocurrency market crashed by a strong margin with many altcoins falling below key levels. At press time, the collective market cap stood at $311 billion. The latest bearish trend came right after the US Federal Reserve chairman, Jerome Powell’s latest comment before the US House of Representatives Financial Services Committee, where he warned that Facebook’s Libra […] The post Altcoins fall below key support levels appeared first on AMBCrypto. дальше »
2019-7-11 11:00 | |
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Facebook Assures Senate Committee That They Will Play by the Rules
David Marcus, the head of Calibra, wrote a letter to the House Financial Services Committee solidifying Facebook’s stance that they will ensure customer privacy and are taking their time to roll out Libra, allowing it to be done correctly, as reported by The Hill. дальше »
2019-7-10 13:00 | |
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US Congress Requests Moratorium on Facebook’s Libra Stablecoin
The U.S. House of Representatives Committee on Financial Services requested that Facebook imposes a moratorium on the development of its stablecoin
дальше »2019-7-4 20:58 | |
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4 US House Reps Open Letter: Facebook’s Libra Has ‘Serious Privacy and Monetary Policy Concerns’
As many of our regular readers may already be aware of, Maxine Waters — Chair of the House Financial Services Committee — recently called for a meeting to discuss the development of Libra, Facebook’s much-hyped cryptocurrency offering. дальше »
2019-7-3 16:29 | |
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US Congress Calls For Second Hearing on Facebook’s Libra in July
Coinspeaker US Congress Calls For Second Hearing on Facebook’s Libra in JulyThe chairwoman of the House Financial Services Committee Maxine Waters announced that the panel will hold the second hearing next month on Facebook’s plan to develop a cryptocurrency-based payments platform Libra. дальше »
2019-6-25 11:04 | |
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Facebook to Testify Before U.S Authorities on July 16
The United States Senate Banking Committee has announced a July 16, 2019 hearing date for Facebook’s Libra cryptocurrency project according to a MarketWatch report on June 19, 2019 More Clarity Required On June 18, 2019, reports emerged that Rep. дальше »
2019-6-22 13:00 | |
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‘A Clear Threat’: Big Four Australian Bank Fears Facebook’s Crypto Libra
By CCN Markets: Facebook’s foray into cryptocurrencies with Libra has met with a ton of mixed reactions. While some are going gaga over the social media giant’s latest effort that’s supposed to enable cross-border payments at the tap of a button, the traditionalists are taking a dim view. дальше »
2019-6-21 10:21 | |
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Maxine Waters Looks to Stall Facebook on Libra, Zuck Wins Regardless
By CCN Markets: House Financial Services Committee Chairperson Maxine Waters (D-Calif. ) requested that Facebook hold off on developing its crypto, which is named Libra. Facebook Request Cuts Both Ways There are two ways to examine Rep. дальше »
2019-6-19 21:10 | |
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Власти США просят Facebook отсрочить продвижение их криптовалюты
Член Палаты представителей США Максин Уотерс призвала крупнейшую социальную сеть Facebook прекратить работу над проектом Libra. Об этом в серии твитов сообщил репортер CNN Брайан Фанг. По словам Фанга, конгрессмен Уотерс назвала новую инициативу «еще одним примером неконтролируемой экспансии Facebook». дальше »
2019-6-19 11:10 | |
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Американские конгрессмены призвали Facebook приостановить работу над криптовалютой Libra
Член Палаты представителей США Максин Уотерс призвала крупнейшую социальную сеть Facebook прекратить работу над проектом Libra. Об этом в серии твитов сообщил репортер CNN Брайан Фанг. По словам Фанга, конгрессмен Уотерс назвала новую инициативу «еще одним примером неконтролируемой экспансии Facebook». дальше »
2019-6-19 09:48 | |
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Japan Skeptical of Bitcoin ETF Approval Despite Persuasion from Local Politician
Japanese Financial Services Agency (FSA) like the United States Securities and Exchange Commission (SEC) has expressed reservations on the approval of a crypto-based Exchange-Traded Fund (ETF). the major reason cited by the FSA is the problem of volatility which characterizes the cryptocurrency market. дальше »
2019-5-31 02:31 | |
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Why Would an Anti-Bitcoin US Congressman Want a Bill to “Outlaw” Cryptocurrencies?
Sherman says, “nip this (Crypto) in the bud” as it undermines the US Dollar He says Cryptos are mostly used by criminals The Democrat Congressman from California, Brad Sherman, a bitcoin basher recently at a meeting of the House Financial Services Committee on May 9 called out for a legislation that will make it illegal […] дальше »
2019-5-21 03:04 | |
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U.S. Congressman Proposes to Ban All Cryptocurrencies
U. S. Congressman Bradley Sherman, during a Financial Services Committee hearing, asked others in his party to join him to prepare a bill to ban all cryptocurrencies, reported The Block Crypto on May 09, 2019. дальше »
2019-5-11 21:00 | |
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Bitcoin-Bashing Democrat Calls for Blanket Ban on Cryptocurrencies
By CCN: Bitcoin-bashing Democrat Congressman Brad Sherman is urging his colleagues to pass a law that would ban cryptocurrencies in the United States. “I look for colleagues to join with me in introducing a bill to outlaw cryptocurrency purchases by Americans, so that we nip this in the bud. дальше »
2019-5-10 06:58 | |
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Sweden’s Central Bank Asks Gov’t: What’s ‘Legal Tender’?
Sweden’s central bank has its parliament to form a committee to review what constitutes legal tender in the country. Originally reported by Bloomberg’s Amanda Billner, the new committee will give a definitive answer on the definition of legal tender as Sweden increasingly moves away from cash to credit and debit cards for paying for goods and services. дальше »
2019-5-3 12:00 | |
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Goldman Sachs CEO Kills the Rumor: ‘We Never Had Plans to Open a Crypto Desk’
Goldman Sachs is not opening an institutional crypto trading desk, despite rampant rumors suggesting otherwise. That’s what Goldman Sachs CEO David Solomon told the House Financial Services Committee this week. дальше »
2019-4-13 14:45 | |
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Bank CEOs Testified Before the US Congress Regarding Changes in the Banking Industry
CEOs of different recognized banks have testified before the US House of Representatives Financial Services Committee regarding how the banking industry has changed over the last 10 years. The meeting took place on April 10, and other topics such as digital currencies and blockchain technology have also been addressed. Since Bitcoin’s creation 10 years ago, […] дальше »
2019-4-11 20:13 | |
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QuadrigaCX Starts Bankruptcy Proceedings
It’s been a long and winding road with many twists and turns for the beleaguered cryptocurrency exchange QuadrigaCX and its 115,000 former users who are owed roughly $190 million. дальше »
2019-4-10 17:39 | |
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Bitcoin Ransomware Cripples Boston Legal System for Two Weeks
Boston public defenders suffered a ransomware attack some weeks back but have chosen not to send the bitcoin demanded by the attacker. Instead, they decided to use back-ups to restore services. The Committee oversees public defenders in Boston. дальше »
2019-3-15 20:33 | |
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Wells Fargo CEO ‘Earns’ Major Raise as Bank Racks up Billions in Fines
The day after his Tuesday appearance on Capitol Hill to answer questions from the House Financial Services Committee, banking empire Wells Fargo disclosed it would be giving the company’s CEO, Tim Sloan, a 5 percent raise for 2018. дальше »
2019-3-14 20:41 | |
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Ocasio-Cortez Blasts Wells Fargo for Lending, Embarrasses Herself in Grilling
At a House Financial Services Committee hearing on Tuesday, Congress freshman Alexandria Ocasio-Cortez (AOC) once again managed to turn herself into the center of attention by focusing on the ludicrous by castigating Wells Fargo for doing its primary job of lending. дальше »
2019-3-13 18:34 | |
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As Court Reconvenes for QuadrigaCX, Questions Surround Empty Cold Wallets
As QuadrigaCX’s legal counsel descends on the courtroom in Halifax, Nova Scotia, for another round of legal proceedings, the court monitor’s third report on QuadrigaCX’s finances — specifically its revelation that the exchange’s cold wallets are empty — lays out some hopeful avenues for fund recovery — and some frustrating dead ends. дальше »
2019-3-5 20:20 | |
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Wyoming Passes Bill to Secure Banking Relations for Blockchain Companies
The state of Wyoming has passed a blockchain bill that allows banks to provide banking services to blockchain companies in the state. According to the legislative document, the new bill would create a new banking category called the Special Purpose Depository Bank, a group of financial institutions in the state that provide banking services to blockchain-based businesses. дальше »
2018-12-3 19:48 | |
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Wyoming Passes Blockchain Bank Bill Despite Industry Opposition
Despite serious opposition from the banking industry, the state of Wyoming has passed a blockchain bank bill almost unanimously. The move further cements the state’s welcoming approach to blockchain integration. дальше »
2018-12-3 00:00 | |
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Huobi Group Sets Up Communist Party Committee in Beijing
As part of its desire to forge deeper ties with the Chinese government, Huobi Group, the parent company of digital asset platform Huobi, has formed a Communist Party committee in China, according to an announcement by the company. дальше »
2018-11-20 00:18 | |
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New York Department of Financial Services Issues 14th BitLicense
Today, November 14, 2018, the New York State Department of Financial Services (DFS) announced that it has approved the application of NYDIG Execution LLC, a subsidiary of NYDIG LLC, for a virtual currency license and a money transmission license. дальше »
2018-11-15 01:22 | |
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Korean Crypto Exchange Earns Key Government Cybersecurity Certification
South Korean cryptocurrency exchange GOPAX has become the first blockchain company to attain K-ISMS certification, the official standard in Korea for information security management systems. дальше »
2018-10-30 23:51 | |
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Head of Korea’s Top Financial Regulatory Body Reaffirms Stance Against ICOs
On October 11, Chairman of Korea’s Financial Services Commission Choi Jong-koo reaffirmed his negative stance against virtual currencies and initial coin offerings (ICOs) in a statement given to Korea’s National Assembly. дальше »
2018-10-13 02:41 | |
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PwC and Cred Partner to Develop Cryptocurrency Trading Technology
Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology. дальше »
2018-10-8 21:30 | |
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PwC and Cred Partner to Promote Cryptocurrency Trading Technology
Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology. дальше »
2018-10-10 21:30 | |
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Federal Election Committee Asked to Consider Crypto Mining for Political Contributions
OsiaNetwork LLC has reached out to the Federal Election Committee (FEC) in the hopes that it will allow computer sharing for crypto mining for campaign donations. Osia says it would like to be the platform in which volunteers share their computer power to mine cryptocurrencies, which are then donated to political campaigns of their choice. дальше »
2018-10-5 23:57 | |
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Congressman: Current Language for Cryptocurrency is Sloppy, Greater Regulation is Needed
In a recent interview with CNBC’s Squawk Box, Congressman Warren Davidson (R-Ohio), a member of the congressional financial services industry, spoke about cryptocurrency regulation and the complexities surrounding the issues. дальше »
2018-9-26 21:30 | |
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Terrorists Prefer Cash to Crypto, According to Congressional Testimony
In prepared testimony given before the U. S. House of Representatives Financial Services Committee, Yaya Fanusie, director of analysis for the Foundation for Defense of Democracies, explained how though terrorists have tried to raise funds through cryptocurrencies, instances are rare to non-existent. дальше »
2018-9-10 03:55 | |
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Terrorists Not Gaining From Cryptos But Risks Remain, Experts Tell Congress
Terrorist groups such as Al-Qaeda, the Islamic State and others have unsuccessfully tried to raise money through cryptocurrencies such as Bitcoin, a former CIA analyst told Congress on Friday per Forbes. дальше »
2018-9-10 00:30 | |
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Terrorists Turn Away From Crypto, Criminal Money Argument No Longer Relevant
Foreign terrorist groups such as Isis and al-Qaeda have failed at repeatedly trying to raise money to fund their criminal operations using crypto, according to a testimony made today at a House Financial Services Committee hearing. дальше »
2018-9-8 13:29 | |
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Sometimes a Centralized System Is Better – Mathias Sundin, Member of Swedish Parliament
There is a need to experiment with decentralized solutions in all industries and see where they can be used, believes Mathias Sundin, Member of Swedish Parliament in the Tax Committee and the Finance Committee. дальше »
2018-9-4 18:07 | |
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Canada Delays Regulation of Cryptocurrencies and Blockchain Companies
The Canadian government has postponed the release of its final regulations for cryptocurrency and blockchain companies. The final published regulations were due this fall, but the government now says they won’t be published in the Canada Gazette until late 2019. дальше »
2018-8-28 20:18 | |
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PR: Former Meituan Cloud Veteran Launches BonusCloud – AWS in Decentralized Cloud Computing
Shuang Li, former General Manager of Meituan Open Services (MOS) walked away from lucrative package by industry tycoons, but jumped startup bandwagon to set up BonusCloud, whose vision is to become AWS in decentralized cloud computing. дальше »
2018-8-20 12:30 | |
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Regulations Round-Up: Holland Targets Electricity Theft, MI Republican Wants More Oversight
In recent regulatory news, Dutch police have reported an increase in electricity fraud associated with crypto mining, a Michigan Republican member of the House Financial Services Committee has urged Congress to make the development of clear guidelines overseeing the cryptocurrency industry a top priority, and digital currency advocacy group, Chamber of Digital Commerce, has published […] The post Regulations Round-Up: Holland Targets Electricity Theft, MI Republican Wants More Oversight appeared first on Bitcoin News. дальше »
2018-7-31 18:35 | |
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