CEO of defunct yield protocol says user deposits weren’t 'principal protected'

A man who enforced anti-money laundering under two U.S. presidents has been named the CEO of the Libra Association. May 6, the Libra Association announced the appointment of Obama’s former under secretary for terrorism as its first CEO.Stuart Levey served as an under secretary for terrorism under the administrations of George W. Bush and Barack…

Most Europeans believe cryptocurrencies can be spent in most stores, according to the results of a survey conducted by ING Bank and published on Sept. 18.Crypto can be spent in most stores?The survey, which has seen 15,000 Europeans from 15 different countries answer questions about crypto, revealed that 51% of the respondents believe cryptocurrencies can…

Iran's Trade ministry has approved the use of cryptocurrency payments for imports in a bid to bolster trade in the country. 238 Total views 6 Total shares Iran’s Industry, Mines and Trade ministry has approved the use of cryptocurrency for imports into the country amid ongoing international trade sanctions.According to local news reports, trade minister…

Blockchain analytics firm Flipside Crypto has launched an online Software Development Kit called ShroomDK, which is based on nonfungible tokens (NFTs) and provides an automated means to pull “comprehensive” blockchain data via software. Being NFT-based enables the SDK to be on-sold or upgraded more easily, according to the company.Co-founder Jim Myers said that the ability to…

Elon Musk continues pumping DOGE while Ricardo Salinas Pliego sticks to Bitcoin. 2793 Total views 15 Total shares Ricardo Salinas Pliego, chairman at conglomerate Grupo Salinas and Mexico’s third richest person, is plugging Bitcoin on social media.The billionaire with an estimated net worth of more than $13 billion as of January changed his Twitter bio…

Bitcoin demand among United States investors surged after the Federal Reserve confirmed its intentions to lower interest rates.

Square’s Bitcoin (BTC) revenue continues to grow, even as the popular payments app lowers its first-quarter revenue estimates by $800 million due to the coronavirus crisis.According to a company announcement on March 24, COVID-19 was not a factor in the company’s growth until around 10 days ago:“While the beginning of March was relatively in line…