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Facebook is set to begin testing its cryptocurrency this year with plans for a public rollout in 2020

Facebook is set to begin testing its cryptocurrency this year with plans for a public rollout in 2020, reports the BBC; referred to internally as GlobalCoin, the company is expected to reveal details of the project this summer; the digital currency will underpin the firm’s Project Libra, a worldwide payments network; Facebook has sought regulatory […]

By |May 24th, 2019|Regulation|0 Comments

AT&T teams with BitPay to accept bill payments in crypto

AT&T has tapped crypto payment service BitPay to facilitate bill payments in crypto, according to CoinDesk; although other purchases cannot be paid in crypto, AT&T VP Kevin McDorman applauded the effort saying, “We have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method […]

By |May 24th, 2019|Regulation|0 Comments

Coinbase Commerce eclipses $50M in transactions

“Truly peer-to-peer” crypto retail service Coinbase Commerce has exceeded $50M in transactions, according to Coinbase’s Justin O’Brien; the service launched in Feb. 2018 and recently began accepting USD Coin which The Block says could open up possibilities for ERC-20 token additions – Link

By |May 24th, 2019|Regulation|0 Comments

Dutch Authorities seize crypto-mixing service

A tag team of governmental and private organizations including the Dutch Fiscal Information and Investigation Service, Europol, McAfee, and Luxembourg authorities has shut down, one of the three largest cryptocurrency mixing services; mixed Bitcoin, Bitcoin Cash, and Litecoin with officials stating that “the mixer was probably used to conceal and launder criminal flows […]

By |May 24th, 2019|Regulation|0 Comments

Amples announced as first token offered on Bitfinex/Ethfinex IEO platform

Tokinex, the IEO platform co-sponsored by exchange Bitfinex and Ethfinex, has announced its first token project launch with Ampleforth; according to the Block, Ampleforth chose Tokinex because of the lack of listing fees and superior user base compared to other IEO platforms; Ampleforth will debut on Tokinex before moving onto Bitfinex, Ethfinex, and then other exchanges – Link

By |May 24th, 2019|Regulation|0 Comments

Binance CEO CZ is suing VC giant Sequoia for reputational damages

Binance CEO Changpeng ‘CZ’ Zhao has filed for an immediate hearing before the High Court in Hong Kong over reputational and money damages stemming from a late 2017, early 2018 Series A fundraising dispute with Sequoia Capital; at the time, Sequoia Capital accused CZ of breaching the contract by talking with a rival VC firm, IDG […]

By |May 24th, 2019|Regulation|0 Comments

Bitcoin – the unseizable asset – Rayne Steinberg

📚   The killer feature of Bitcoin is its unseizable nature, according to Rayne Steinerg. Private property is the bedrock of freedom and, historically speaking, slight encroachments on this freedom have often turned totalitarian quickly. In the United States, FDR’s Executive Order 6102 forced American’s to relinquish gold ‘hoardings’ in return for Federal Reserve notes. For […]

By |May 24th, 2019|Regulation|0 Comments

Rep. Eric Swalwell is accepting crypto donations in bid for U.S. Presidency

Following its acquisition of a BitLicense in January, Robinhood Crypto has announced its availability to New York customers in an email; trades are open 24/7 with seven assets available including Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Ethereum Classic, Litecoin, and Dogecoin – Link

By |May 24th, 2019|Regulation|0 Comments

Telegram investor note reveals TON to launch in Q3

Telegram Open Network is set to launch in Q3, according to a note sent to company investors; a testing period proved the TON virtual machine and consensus algorithm met the standards set in TON’s white paper; Telegram’s TON ICO raised $1.7B with its token, GRAM, supposedly listed on Asian exchanges like Binance, Huobi, and OKEx – Link

By |May 24th, 2019|Regulation|0 Comments

SEC sues alleged pyramid scheme perpetrator promising investors cryptocurrency riche

The Securities and Exchange Commission has sued an alleged pyramid schemer who promised riches through a cryptocurrency-related investment; per an SEC press release, Californian Daniel Pacheco ran a pyramid scheme from January 2017 through March 2018 via his companies IPro Solutions and IPro Network which raised $26M from investors for e-commerce products with an attached […]

By |May 24th, 2019|Regulation|0 Comments

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