Market News

The head of the nonprofit organization behind Facebook’s Libra digital currency has said the company is committed to launching it and clearing regulatory hurdles. Perez: “We don’t want to be like BlackRock” – Facebook Libra will be launching! In an interview with French news magazine Les Echos on Sept. 12, Bertrand Perez, director general of […]

Bitcoin is more traceable than fiat currency, claims MIT-IBM funded report Bitcoin’s immutable transparency and anonymity, while enabling a gateway for uncensored transactions. It allows analysts to identify unique trends within the ecosystem so bitcoin more traceable than fiat. Given the ongoing war between crypto-adoption and regulatory requirements, blockchain analysis company Elliptic published an MIT-IBM […]

Governments and policymakers have been in an uproar ever since Facebook debuted their Libra cryptocurrency to the world, prompting the first signs of stricter regulation around crypto and Bitcoin looming. The Power of Decentralization: Bitcoin Cannot Be Blocked By Governments Among the list of concerned governments is France, whose Finance Minister just revealed that it […]

UK Banks Fined $66 Billion For Insurance Fraud; Bitcoin Still Bad? The arguments as to why bitcoin is superior to the banking system are pretty clear cut to anyone that has used it. A decade ago BTC was conceived to cut out the fatcat middlemen and allow people to transact between themselves. We are not […]

France Says It’ll Block Facebook Libra Development in EuropeAgence France-Presse (AFP) has reported today, Sept. 12, that France plans to block the development of Libra — Facebook’s proposed stablecoin payments network — in Europe. An unconfirmed report from BreakingtheNews.net claims that the position was revealed by French Finance Minister Bruno Le Maire, who has allegedly […]

As Trump’s administration is seemingly getting ready to issue a ban on flavored e-cigarettes, prominent cryptocurrency commentator and head analyst at Fundstrat Global Advisors, Tom Lee, said that this is a signal that the White House can issue an “executive order” banning anything, including Bitcoin. Nothing’s Out of Reach. Can White House ban Bitcoin? The […]

Switzerland’s financial watchdog says it is open to international cooperation and oversight of the way in which it regulates Facebook’s planned cryptocurrency network Facebook Libra in Switzerland. In a Sept. 12 interview with Neue Zürcher Zeitung (NZZ), Financial Market Supervisory Authority (FINMA) director Mark Branson said it was illusory to believe that a single country […]

The police in China have carried out another raid on a cryptocurrency project, sealing up offices belonging to the GXChain (GXC) project. Can China Ban Cryptocurrency? Well-Known 2017 Cryptocurrency Project Targeted by Police Tweeting on Wednesday (September 11, 2019), Primitive co-founder Dovey Wan revealed that the Chinese police has taken action against GXChain. China Ban […]

Venezuela’s largest bank opens up petro cryptocurrency wallet registrations. Venezuela’s government is doing everything it can to boost crypto adoption in an attempt to save its economy. And Bank of Venezuela is falling in line. Venezuela’s largest bank, state-owned Bank of Venezuela, is close to becoming the first financial institution in the country to offer […]

SWIFT prepares its international end-to-end payments project for European nations. With crypto-adoption surging across the globe, SWIFT is gearing up to launch its flagship project of offering international payments for European customers. According to reports, the organization is working on Proof-of-Concept to achieve the desired goal. With Europe making great progress in the sphere of […]

Facebook Libra, Other Cryptos Must Comply With US Rules: Treasury Official. Facebook’s Libra must achieve the highest standards of U.S. regulatory compliance prior to any launch, a U.S. Treasury official has said. Speaking to reporters in Geneva, Switzerland, Sigal Mandelker, under secretary of the Treasury for terrorism and financial intelligence, said not only Facebook Libra, […]

Little-Known Exchange Claims It Will Be First to Sell Telegram’s TON Tokens. When Telegram launches its long-awaited blockchain sometime this month or next, the go-to marketplace for the new gram tokens could be a fledgling exchange with fewer than 4,000 users. At least, that’s what Blackmoon Crypto is hoping. But the Cayman Islands-registered exchange will […]

Bitcoin Shooting to $20,000 This Year With 5-10 Altcoins Worth Attention, Predicts ShapeShift CEO Erik Voorhees Bitcoin continues to move sideways just above $10,000, as traders try to predict which way it will break next ShapeShift Predicts Bitcoin $20k. But the CEO of crypto exchange startup ShapeShift isn’t sweating the day-to-day price action. Erik Voorhees […]

Social media giant Facebook, which is currently trying to get regulatory approval for its Libra stablecoin project, reportedly shared details regarding the project’s proposed backing reserves. According to a report by Bloomberg on Sept. 9, Facebook told United States senators about the backing reserves for the Libra Stablecoin — a type of cryptocurrency valued by […]

Bitmain has launched 2 new models under its renowned series namely Antminer T17e and Antminer S17e soon after they were officially announced on September 6. And reports now reveal that both Bitmain mining rigs are sold out as soon as they were listed. The sale of next Bitmain Mining Rigs batches of same models will […]

Will banks inevitably control the cryptocurrency market? Central and commercial banks are the top dogs of the world’s largest market by trading volume—the $5-trillion-a-day foreign exchange (FX) market. Will Banks Manipulate Cryptocurrency? A closer look at the balance of power in this global industry reveals how banks could manipulate, and even dominate, cryptocurrency in an […]