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Pushing for Crypto Self-Regulation Amid Tightening Government Scrutiny
Crypto exchanges in different countries are exploring ways to pursue effective self-regulation in the face of tougher government laws
дальше »2019-10-13 19:33 | |
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US Senator Threats Likely Factored in to Visa, Mastercard, Stripe Leaving Libra
Two US Senators have taken it upon themselves to write letters directly to the heads of three payment companies that were, until yesterday, a part of the Libra Association. In these letters, Senators Brian Schatz (D-HI) and Sherrod Brown (D-OH), have threatened: “If you take this on, you can expect a high level of scrutiny from […] The post US Senator Threats Likely Factored in to Visa, Mastercard, Stripe Leaving Libra appeared first on BeInCrypto. дальше »
2019-10-12 08:18 | |
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Libra could be a ‘systemically important’ payment platform, says Bank of England
Facebook’s Libra cryptocurrency project has been put on notice by the Bank of England, with the central bank declaring that the global payments platform will be subject to rigorous scrutiny in the UK. дальше »
2019-10-9 13:17 | |
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U.K Financial Watchdog Increases Scrutiny on Cryptocurrency Exchanges
The Financial Conduct Authority (FCA), the U. K’s financial regulator, has increased its investigations on cryptocurrency exchanges operating in the country. According to a report by the Financial Times on October 6, 2019, the regulator is intent on fishing out fraudulent virtual currency exchanges. дальше »
2019-10-8 11:00 | |
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UK Financial Conduct Authority Sees a 75% Spike in Number of Investigations in the Crypto Space
A report from the Financial Times states U. K’s top financial authority, the Financial Conduct Authority (FCA), has seen a 74% increase in crypto firms under scrutiny in 2019 compared to the figure last year. дальше »
2019-10-8 22:34 | |
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FCA Cryptocurrency Scam Probes Up 74% in 12 Months
UK regulators are increasingly shinning the spotlight on cryptocurrency businesses to root out bad actors. Combating Cryptocurrency Scams According to The Telegraph, the Financial Conduct Authority has initiated 87 investigations into cryptocurrency businesses over the last 12 months. дальше »
2019-10-7 14:30 | |
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British Crypto Investigations Skyrocket 74% as Watchdog Proposes Derivatives Ban
Investigations into cryptocurrency firms by the UK Financial Conduct Authority (FCA) have surged by three-quarters this year, as the agency tightens the rein on the crypto sector. Scrutiny On the Rise According to research from Pinsent Masons, an international legal firm, active investigations into cryptocurrency firms have surged to a whooping 87 companies in 2019 […] The post British Crypto Investigations Skyrocket 74% as Watchdog Proposes Derivatives Ban appeared first on CCN.com дальше »
2019-10-7 13:50 | |
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Tether Expecting Lawsuit Based on New Market Manipulation Research
Tether posted a press release on their website today saying that they’re expecting lawsuits based on research they call “Meritless and Mercenary. ” Tether has been under investigation by the New York Attorney’s General office for nearly six months now, with a deadline for the firm and Bitfinex to hand over documents come October 14th. дальше »
2019-10-6 09:34 | |
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PayPal Abandons Facebook’s Libra Project Amid Regulatory Scrutiny
PayPal suddenly announced on Friday that it will be withdrawing its participation in the development of Facebook’s upcoming Libra cryptocurrency. When Facebook announced the Libra project, it received interest from numerous backers, with as many as 28 of them being large corporations with influence and trust. дальше »
2019-10-5 15:15 | |
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Tesla Stock Spirals Downward as NHTSA Launches Battery Fire Probe
Tesla stock’s downward spiral continued on Friday, as TSLA shares dropped 1% due to the U. S. National Highway Traffic Safety Administration (NHTSA)’s investigation into Model S and Model X battery fires. дальше »
2019-10-5 20:50 | |
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US House Committee Wants Zuckerberg’s Feet to Touch the Flame, Testify About Libra Coin
The regulatory scrutiny over Libra in the United States continues. Now, the House Financial Services Committee of the country has recently invited more people who work on Facebook to testify. The latest two executives that were invited were Facebook’s COO Sheryl Sandberg and CEO Mark Zuckerberg, who will need to attend before January 2020. Sandberg […] дальше »
2019-10-4 20:27 | |
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Bitcoin derivatives come under FCA scrutiny; plans for blanket ban for consumer protection
Bitcoin’s price nosedived on 24 September by over 14% within a few hours, pulling down the value of the coin to $8,378. 01. September saw another massive fall in Bitcoin’s price, an instance where the price of the coin plunged to as low as $7,813. дальше »
2019-10-5 17:30 | |
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PayPal may be getting cold feet over Facebook’s ‘cryptocurrency’ Libra
Facebook’s ‘cryptocurrency’ Libra is reportedly on the verge of losing another one of its partners after Paypal pulled out of a key meeting in Washington on Thursday. According to the Financial Times, all 28 supporters of Facebook’s digital currency project were set to meet and discuss the ways in which Libra could overcome scrutiny from regulators. дальше »
2019-10-4 11:10 | |
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Facebook’s Libra ‘is being done transparently,’ claims Swiss FINMA’s Head
Mark Branson, Head of Swiss financial advisor FINMA, is in the news after he said that Switzerland is more concerned about cryptocurrencies being developed outside government scrutiny, than it is about Libra, the proposed cryptocurrency project by Facebook. дальше »
2019-10-2 19:30 | |
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A Little Privacy? Coins Zcash And Dash Under Scrutiny
Earlier this year, the Financial Action Task Force (FATF) issued its guidance to member states on a “risk-based approach to virtual assets and virtual asset service providers. ” The intergovernmental regulator puts the onus of responsibility onto exchanges and wallets to share user data, virtually eliminating privacy in crypto transactions. дальше »
2019-10-1 15:08 | |
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Ethereum Founders Admit Blockchain Never Designed for Scalability
Vitalik Buterin and Joesph Lubin have come under increasing scrutiny after admitting that the Ethereum blockchain was never designed for scalability. The statements by the cofounders were published on Twitter by user @notgrubles. дальше »
2019-10-2 13:06 | |
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Google Faces the Antitrust Hammer Because of Its Plans to Add DNS Encryptoin
Coinspeaker Google Faces the Antitrust Hammer Because of Its Plans to Add DNS EncryptoinGoogle is coming under congressional scrutiny due to its plans to include increased security for Domain Name Servers (DNS) in its popular Chrome browser. дальше »
2019-9-30 12:42 | |
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Japan doesn’t want to fight Facebook’s ‘cryptocurrency’ Libra on its own
Facebook‘s controversial ‘cryptocurrency‘ Libra is facing yet more scrutiny after the governor of Japan’s central bank called for international cooperation to regulate it. According to Reuters, Haruhiko Kuroda, the Bank of Japan‘s governor, told business leaders in Osaka that a joint, international effort was crucial. дальше »
2019-9-24 14:27 | |
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Market Commentary: Bitcoin Falls As Fed Lowers Interest, Privacy Coins Face Scrutiny
Cryptocurrency markets are back in the red after yesterday’s meteoric rise. With some experts suggesting that yesterday’s rally was nothing more than a short squeeze, a retracement was to be expected. дальше »
2019-9-20 19:27 | |
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Calibra Head David Marcus takes to Twitter to defend Libra project
As Libra continues to remain under the scrutiny of regulatory watchdogs, David Marcus, the Head of Calibra, tried to debunk the popular narrative that Libra could potentially threaten the sovereignty of Nations. дальше »
2019-9-16 15:36 | |
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PayPal Cautiously Believes in Libra’s Potential Despite Regulatory Concerns
Paypal, an American centralized payments services company has made it clear that it firmly believes in the potential of the social media giant’s global cryptocurrency project despite the intense scrutiny of governments and central banks on Libra, as well as the regulatory bottlenecks surrounding the cryptoasset, according to a Channelnewsasia report on September 14, 2019. дальше »
2019-9-16 12:20 | |
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Facebook requests Swiss FINMA license regulatory pushback
The Libra Association announced that it will pursue a payment system license under the Swiss Financial Market Supervisory Authority’s (FINMA) supervision. The group, which oversees Facebook’s controversial cryptocurrency, chose Switzerland as its main regulator despite scrutiny from U. дальше »
2019-9-13 23:45 | |
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Facebook Now Seeking Swiss Payment System License for Crypto Project Libra
Facebook’s cryptocurrency project Libra is now seeking a Swiss payment license, said financial watchdog FINMA on Wednesday. Social media giant Facebook (FB) first announced its plan to launch a cryptocurrency in June, as an attempt to move into global payments that has drawn intense scrutiny from global financial authorities. The stablecoin Libra, which is planned […] дальше »
2019-9-11 17:55 | |
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Facebook’s Crypto Scheme Triggers Massive Regulatory Backlash
Following reports earlier today that dozens of state attorney generals were set to officially commence antitrust investigations into Big Tech behemoths Facebook and Google, New York Attorney General Letitia James confirmed that at least one of the companies would indeed face government scrutiny. дальше »
2019-9-8 17:18 | |
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Facebook's Crypto Scheme Triggers Massive Regulatory Backlash
Following reports earlier today that dozens of state attorney generals were set to officially commence antitrust investigations into Big Tech behemoths Facebook and Google, New York Attorney General Letitia James confirmed that at least one of the companies would indeed face government scrutiny. дальше »
2019-9-6 17:18 | |
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State AGs Look to Slam Google's Nail with Mighty Hammers
The hot seat is getting hotter for Google. The Washington Post reports that more than two dozen bipartisan state attorneys general are planning to investigate Google for antitrust violations. This comes on top of the DOJ and FTC examining Google for the same thing, while Amazon, Apple, and Facebook also face federal scrutiny. дальше »
2019-9-4 03:45 | |
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SmartMixer introduces an innovative approach to complete anonymity in cryptocurrency transactions
Note: This a paid post, and should not be treated as news/advice. Cryptocurrencies, and indeed the whole idea of the blockchain came riding on the advantage of the anonymity of transactions, defiance to authority, lack of centralization and overseer authority among other advantages. дальше »
2019-8-30 10:30 | |
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Facebook’s ‘cryptocurrency’ Libra may be in more trouble than we thought
Facebook‘s ‘cryptocurrency’ Libra may be in even deeper trouble than we thought if a recent report is anything to go by. According to the Financial Times, it seems that some of Facebook‘s early backers have been spooked by increasing regulatory scrutiny. дальше »
2019-8-23 14:41 | |
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Facebook Faces Fresh EU Scrutiny As WhatsApp Edges Closer To Mobile Payments
The European Union is actively probing Facebook’s Libra digital currency project for competition law violations, mainstream media report. Facebook’s Libra Has ‘Potential Anti-Competitive Behavior’ According to Bloomberg, which cited official correspondence August 20, the European Commission is quizzing Libra participants via a dedicated questionnaire. дальше »
2019-8-21 14:00 | |
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Google stops sharing your network data with carriers over privacy concerns
For once, Google is putting an end to a data collection practice before it attracts closer inspection from lawmakers and regulators. Reuters is reporting that Google has shut down its Mobile Network Insights service over concerns that “sharing data from users of its Android phone system might attract the scrutiny of users and regulators. дальше »
2019-8-19 15:42 | |
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Digital silver under attack
Litecoin's recent halving was a big day on the crypto calendar, but the event has only served to put the coin under scrutiny after private chats were leaked suggesting that development progress has stalled. дальше »
2019-8-15 16:00 | |
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Humans have been listening to our ‘AI-transcribed’ conversations for over a decade
It was a scandal. Third-party contractors, many working from places where data protection legislation is lax (or even non-existent), were listening and transcribing recordings of conversations from people who unwittingly believed robots were doing all the work. дальше »
2019-8-14 14:18 | |
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Charlie Lee refutes that Litecoin is “being abandoned,” active development continues
Charlie Lee asserted Litecoin development is alive and well. Meanwhile, reports based on the project’s GitHub numbers suggest it is “being abandoned. ” GitHub numbers suggest Litecoin is being abandoned? Litecoin has continued to receive scrutiny for its perceived lack of new code development. дальше »
2019-8-12 14:21 | |
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Binance US Evaluating 30 Crypto Assets, Bitcoin and Ethereum Under Scrutiny?
An announcement earlier in the year that Binance would be shutting out US-based investors instead ushering them to a US-based exchange that was sans the majority of the altcoins the exchange is known for, caused crypto investors to panic, wondering where they’d trade their Bitcoin and Ethereum moving forward. дальше »
2019-8-10 22:46 | |
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Facebook, stop trying to make Libra happen
Just when we thought Facebook’s Libra couldn’t be subject to any more scrutiny, it turns out that data protection bosses from all over the world have banded together to share concerns about the ‘cryptocurrency’s’ potential privacy risks. дальше »
2019-8-6 14:49 | |
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Bitwise Report Elaborates on How Facebook’s Libra Project Pushed Bitcoin’s Development by Three Years
Bitwise — a U. S. cryptocurrency index fund provider — recently released a study in which it claimed that Facebook’s upcoming stablecoin offering Libra has accelerated BTCs progress by a little over three years. дальше »
2019-8-3 18:40 | |
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Analyzing the Current State of Tether and USDT
Every project active in the cryptocurrency and blockchain industry will be scrutinized sooner or later. In the case of Tether, there has been a fair amount of scrutiny at virtually every turn. Especially now that everyone’s favorite – or most-hated – stablecoin is migrating to even more blockchains, significant concerns have arisen. дальше »
2019-8-3 03:30 | |
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The Feds Are Coming for Amazon but Not for the Reason You Think
While the Department of Justice launches investigations into giant technology companies for anticompetitive practices, one might think Amazon would be deserving of additional scrutiny. After all, Amazon has put countless companies out of business and has been crushing the competition, as its revenue is now half that of Walmart’s. дальше »
2019-8-3 02:20 | |
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Bitwise: Facebook’s Libra accelerated Bitcoin’s progress by three years
U. S. cryptocurrency index fund provider Bitwise Investments said that Facebook’s Libra has accelerated crypto’s progress by three years. Despite the increased industry scrutiny, the increased attention toward Bitcoin is working to its advantage. дальше »
2019-8-3 23:22 | |
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Ripple CEO says Facebook went too far with Libra
Brad Garlinghouse, the CEO of Ripple, said that Facebook was responsible for the scrutiny and criticism it encountered from regulators. In an interview with Bloomberg TV, Garlinghouse said that the company went “too far” in its whitepaper by stating Libra was going to become a “new currency. дальше »
2019-8-1 03:58 | |
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US Congressional Hearings: Lawmakers Acknowledge A Bitcoin Ban Is Impossible, Even If They Tried
Bitcoin has seen an impressive bull run this year, rising by more than 200% from 2018 lows. However, since Facebook unveiled plans to develop its own digital currency, Libra and regulators poured cold water on these plans, bitcoin has been bearing the brunt of increased scrutiny by lawmakers. дальше »
2019-7-31 18:16 | |
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Regulatory Pressure Could Prevent Facebook’s Libra from Launching
The intense scrutiny from regulatory agencies, governments, and central banks globally regarding Facebook’s Libra, could just be the end of the company’s stablecoin project. According to a report by CNBC, Facebook revealed in a recent filing with the U. дальше »
2019-7-31 13:29 | |
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Facebook Warns of “No Assurance” Libra will be made Available on Time, if “At all”
In the risk factors section of the Q2 report, the social media said that it recognizes the significance of the pushback from regulators and lawmakers since the project was announced in June. “Libra has drawn significant scrutiny from governments and regulators in multiple jurisdictions and we expect that scrutiny to continue,” Facebook said in its […] дальше »
2019-7-30 17:06 | |
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