Tag Archives: cryptocurrency

Facebook’s Libra Pushes Back at Claims Project Is Threat to Financial Stability

Facebook’s Libra Pushes Back at Claims Project Is Threat to Financial Stability

The head of the Facebook-led Libra Association has responded to claims that the cryptocurrency project threatens nations’ financial stability. In interview with French daily Les Echos on Thursday, Bertrand Perez, the association’s managing director and COO, played down concerns over potential disruption to the monetary policies of central banks with currencies included in the Libra reserve – a […]

Stellar to Airdrop 2 Billion XLM Crypto Tokens Worth $120 Million

Stellar to Airdrop 2 Billion XLM Crypto Tokens Worth $120 Million

Chat with your friends – and get paid to do it. The Stellar Development Foundation and messaging service Keybase announced Monday a 2 billion XLM airdrop, the largest in Stellar’s five-year history, worth roughly $120 million. Over the next 20 months, Keybase users can expect monthly airdrops of 100 million XLM. Keybase currently has 300,000 active users across its […]

Binance.US to launch in the ‘coming weeks,’ claims CEO Catherine Coley

Binance.US to launch in the ‘coming weeks,’ claims CEO Catherine Coley

Binance, the world’s largest cryptocurrency exchange by trading volume, has finally given an update on the launch of its exclusive exchange platform for US customers. Binance had previously a change in their terms back in June, a change which prohibited US customers from accessing the services of the exchange. The change came in an effort […]

Bitcoin Futures Trading At The CME Reach $370 Million In Daily Average Volume

Bitcoin Futures Trading At The CME Reach $370 Million In Daily Average Volume

The Chicago Mercantile Exchange (CME) is currently registering an average daily trading volume of $370 million in Bitcoin futures. This is according to the Managing Director of the CME Group, Tim McCourt. This represents an increase of 132% compared to the same period last year. BTC Futures Daily Volume At The CME Expanded 132% The CME is […]

Weekly Bitcoin Price Indicator Shows ‘Bear Cross’ in First Since February

Weekly Bitcoin Price Indicator Shows ‘Bear Cross’ in First Since February

A widely-tracked trend-following bitcoin (BTC) price indicator is flashing a sell signal for the first time since February. The weekly moving average convergence divergence (MACD) histogram, which is used to identify trend reversals and trend strength, has crossed below zero and is currently printing a value of -25.13. That is the first negative value since the […]

Barclays Is No Longer Banking Coinbase

Barclays Is No Longer Banking Coinbase

The most prestigious banking relationship in crypto has ended. Barclays, the London-based global bank, is no longer working with cryptocurrency exchange Coinbase, industry sources told CoinDesk. And while Coinbase found a replacement in U.K. upstart Clearbank, according to people familiar with the situation, the change has indirectly inconvenienced the exchange’s users. That’s because, aside from […]

Legal Expert Katharina Pistor Weighs in on Facebook’s Libra

Legal Expert Katharina Pistor Weighs in on Facebook’s Libra

“You can’t put the genie back into the bottle,” said Katharina Pistor at our exclusive event in DC during the Libra hearings. Pistor, the Edwin B. Parker Professor of Comparative Law at Columbia Law School, explored the legality – and importance – of corporate tokens like Libra in a world that seems reticent to adopt them. “Facebook’s […]

Goldman Sachs Predicts US-China Trade War to Continue into 2020, Will It Benefit Bitcoin?

Goldman Sachs Predicts US-China Trade War to Continue into 2020, Will It Benefit Bitcoin?

Economists at global investment bank Goldman Sachs believe there to be no end in sight to the ongoing US-China trade war. Although damaging to economic interests in both nations, the lack of resolution may well be bullish for Bitcoin. The cryptocurrency has historically performed well at times of heightened geopolitical tension. This is due to […]

IRS Warnings to Bitcoin Traders Offer Clues to Coming Tax Guidance

IRS Warnings to Bitcoin Traders Offer Clues to Coming Tax Guidance

As U.S. cryptocurrency users eagerly await tax guidance from the Internal Revenue Service (IRS), they can find hints of what may come in the agency’s recent warning letters. The tax collector said earlier this year that its first guidance on crypto since 2014 is coming, but it’s not clear what information will be provided or when it will […]