Facebook's Libra Charter Signed By 21 Organizations During Meeting in Geneva, Switzerland
October 15, 2019
The Libra charter has been signed by 21 organizations, just days after several high-profile payment processing and e-commerce companies withdrew from the controversial stablecoin project led Facebook.
The Libra Association named its…
G7 Group of Nations Warns that Global Stablecoins Threaten Existing Financial System
October 14, 2019
The G7 group of nations has prepared a draft report which notes that globally accessible stablecoins pose a significant threat to the existing financial system.
According to BBC, G7’s draft report detailed the different risks…
IRS Will Ask If You Own Cryptocurrency on its New Income Tax Form 1040
October 13, 2019
The US Internal Revenue Service (IRS), a bureau of the Department of Treasury, recently added a question regarding cryptocurrency ownership to its standard 1040 income tax form for the upcoming tax filing season.
A draft of the…
SEC, CFTC, FinCEN Issue Warning to Crypto Industry to Adhere to Banking Laws
October 12, 2019
The heads of three US financial regulators have issued a warning to the crypto asset industry to adhere to relevant banking laws.
In a joint statement released on October 11, signed by Commodity Futures Trading Commission (CFTC)…
"Bank for Banks" Working On Prototype Crypto Asset
October 10, 2019
BIS & SNB Working On Crypto
Announced in a document published Tuesday, the Swiss National Bank and the Bank for International Settlements, the so-called “Bank for Banks”, are looking to begin work on a blockchain-based…
Ethereum Foundation First to Donate to UNICEF's Crypto Fund
October 9, 2019
Crypto Gets Big Boost as UNICEF Launches Fund
Crypto adoption has taken on many forms over the years.
On Wednesday, UNICEF made the list of cryptocurrency adoption list that much more diverse when it revealed that it would be launching…
Breaking: Facebook-Backed Crypto Libra to Be Forked to "OpenLibra"
October 9, 2019
Libra But Forked
There we have it folks, Libra, the Facebook-backed crypto asset, is purportedly being forked.
Announced at Devcon 5 in Japan just minutes ago, prominent blockchain developers will be forking the blockchain to create…
Altseason? Traders Expect Altcoin Breakouts Amid BTC Stagnation
October 6, 2019
Altseason?
2019 has undoubtedly been a year for Bitcoin so far. Altcoins, which were all the rage in 2017 and early-2018, have been wildly underperforming the market leader, with some of these cryptocurrencies now trading at lower…
