Dogecoin flaw exploited by hacker, crashes 69% of nodes
Security researchers claimed that the vulnerability could have been used to crash the entire Dogecoin network.
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A Village in El Salvador Created a Bitcoin-Friendly Economy Amid COVID-19
An initiative helped to implement a Bitcoin-powered economy amid the COVID-19 crisis. 560 Total views 16 Total shares El Zonte, a village located in El Salvador, was hit hard by the COVID-19 pandemic. In response, the community implemented an economic system based in Bitcoin (BTC).According to a report published by Forbes, the community’s BTC-powered economy…
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Telegram founder Pavel Durov arrest — What we know so far
Telegram founder Pavel Durov was arrested in France on Aug. 24. Here’s what we know and how prominent figures are reacting.
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Andreessen Horowitz Restructures, Registering Entire Staff as Financial Advisors
American venture capital firm Andreessen Horowitz is restructuring by registering all of its employees as qualified financial advisors, Forbes reported on April 2.Andreessen Horowitz — a Silicon Valley company specializing in investing mostly in technology and financial services startups, having raised $1.7 billion across seven funds — told Forbes that it is registering their all…
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PayPal to roll out Cryptocurrencies Hub for select users
The Cryptocurrencies Hub is key for PayPal to reinvent itself as a crypto-inclusive platform. The service will allow for the sale and purchase of cryptocurrencies among other functionalities. 665 Total views 9 Total shares Payments giant PayPal, soon after launching the dollar-backed stablecoin PayPal USD (PYUSD), updated its terms and conditions to introduce Cryptocurrencies Hub…
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Zuckerberg to Testify Before Congress Regarding Libra Stablecoin
Facebook CEO Mark Zuckerberg will testify before the House of Representatives Financial Services Committee on Oct. 23 regarding the firm’s proposed Libra stablecoin project.On Oct. 9, Congresswoman Maxine Waters officially announced that Zuckerberg will testify before Congress at a hearing entitled “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors.”Libra…
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New bill proposes US Treasury to have full authority over fiat stablecoins
The bill also calls for the Federal Reserve to be vested with the clear authority to issue a digital dollar. 221 Total views 46 Total shares A new bill introduced by United States House Democrat Don Beyer of Virginia has proposed a far-reaching regulatory and legal framework for digital assets across the board.Entitled "The Digital…
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Some Salvadorans claim funds are missing from their Chivo wallets
“No tech support and only useless calls, where is my money," said Luis Guardado in a direct appeal to El Salvador President Nayib Bukele. 552 Total views 17 Total shares Some of the money from El Salvador’s state-issued Chivo wallets is reportedly missing, according to many Salvadorans posting on social media.In a Dec. 16 Twitter…
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Judge slams FDIC’s ‘lack of good-faith’ in censoring crypto letters to banks
A US federal judge has ordered the FDIC to redo and resubmit redactions it made to crypto “pause letters” it sent to financial institutions.