After months of rumors, Facebook today unveiled its plans for its own cryptocurrency, which the company called Libra. The social media network is launching with support from partners including PayPal, Uber, Spotify, Visa and Mastercard and plans to debut Libra sometime in the next six to 12 months.
While the Crypto Winter may be lingering with us into the spring, crypto exchanges are doing just fine. According to CoinMarketCap, there are now 255 major crypto exchanges. That’s a notable increase from a year ago, when there were 208.
Australia is definitely not the biggest cryptocurrency market, but it was sizeable enough for the local government to install a crypto regulation. The regulatory framework for cryptocurrencies is not that easy to come by. Usually, you’d find them with developed countries in Europe or across several Asian regions.
The United States House Committee on Financial Services has announced the establishment of a task force on financial technology (FinTech).
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, said that the the new task force will help Congress to stay on top of new developments in the FinTech sector so that they are well-positioned to make policy.
The New York Attorney General is accusing the Bitfinex exchange of using funds from its digital coin Tether to disguise $850 million in missing funds.
The revelations were made Thursday by state Attorney General Letitia James and reported by the Wall St. Journal.
These are tough times for Bitcoin SV, the spin-off that is backed by the controversial Craig Wright, one of the largest personalities in cryptocurrency.
Bitcoin SV was recently delisted from Binance, Kraken, and Shapeshift. The reasons for doing so were murky, but undoubtedly traces back more to personal conflicts between the founders of those companies than anything else.
It’s been nearly three years since the UK voted to leave the EU, mere days since the country was supposed to leave, and we are yet to fully understand what Brexit is going to look like.
In London – arguably one of the world’s largest FinTech hubs –
Sweden is considered to be one of the most open-minded countries on the European continent. They are always in the headlines when it comes to social reforms and inclusive innovations. However, they are also quite tech-savvy. So tech-savvy in fact that some of the population have decided to turn themselves in literal cyborgs.
Reports have been coming in about a new type of cryptocurrency hack in South Africa recently. However, this is completely different. The usual crypto hacks we are used to are basic “brute force” attacks on cryptocurrency exchanges but this is different.
The hack is directed to users’ Mobile Devices.