FDIC accused of omitting more crypto ‘pause letters’ in Coinbase-backed suit
Coinbase chief legal officer Paul Grewal accused the FDIC of playing “word games” after the agency said it only searched for pause letters from a specific time period.
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Speak Out: Discussing the Top Cryptocurrencies
44 MINUTES AGO What is the next major cryptocurrency and why? Reply What is the next major cryptocurrency and why? Reply 461 Total views 80 Total shares Reply There are over 2,100 cryptocurrencies available on the market, and none of them ever reached the high level that Bitcoin or Ethereum have established. But does this…
Bitcoin payments exec shares adoption challenges in the Philippines
Pouch founder Ethan Rose said that they've managed to convince 400 businesses to accept Bitcoin in the Philippines. 145 Total views 1 Total shares As many developments within the space show how far the Bitcoin (BTC) community has come, an executive from a BTC payment provider shared how in other parts of the world, adoption…
Bitcoin Ordinals could be stopped if blockchain bug is patched, claims dev
A Bitcoin Core developer claimed Bitcoin Ordinals exploit a vulnerability allowing inscribers to bypass data size limits, which could soon be fixed. A bug fix on the Bitcoin network could put a stop to new Bitcoin Ordinals and BRC-20 tokens as they’re causing network congestion by “exploiting a vulnerability,” claims a Bitcoin Core developer.In a
Judge orders SEC to turn Hinman documents over to Ripple Labs after months of dispute
U.S. District Court Judge Analisa Torres overruled the SEC’s second attempt to withhold the documents relating to former Division Director William Hinman, who said Bitcoin and Ether are not securities. 2097 Total views 11 Total shares Ripple Labs scored a victory in its continuing legal battle with the United States Securities and Exchange Commission (SEC)…
As Regulators Stonewall Libra, Facebook Rolls Out New Payment System
As the Libra stablecoin project continues to face a hostile audience of regulators, Facebook launches a new fiat payment system called Facebook Pay.Empower people everywhere to buy and sell things onlineOn Nov. 12, the social media giant announced that it is introducing Facebook Pay, a payment system that is designed to facilitate payments across Facebook,…
South Korean eCommerce Startup Raises $32 Million to Create Crypto Stablecoin
South Korea e-commerce marketplace Ticket Monster (TMON) revealed it had closed a $32 million funding round for its new stablecoin Terra in a press release Wednesday, August 29. TMON, which boasts a considerable $4 billion in total sales, is seeking to create an in-house cryptocurrency to compliment its existing token, Luna, which acts as collateral…
‘Bitcoin of the Middle East’ Scam Lands Canadian Expat in Dubai Jail
A Dubai-based Canadian expat has been arrested for peddling an allegedly fraudulent “Sharia-compliant” cryptocurrency and a host of other get-rich-quick schemes.As Gulf News reported on Oct. 30, Aziz “Com” Mirza had cultivated for himself a reputation as an entrepreneur, mentor and Instagram influencer. He now sits in Al Awir jail after a complaint was filed with…
Circle CEO Jeremy Allaire: Stablecoins That Use Open Standards Will Prevail
Jeremy Allaire, co-founder and CEO of payments company Circle, has said that as the sector continues to see new market entrants, stablecoins using an open standards approach will prevail. Allaire made his remarks during an interview with Fortune’s crypto-focused segment The Ledger on March 19.As reported, Circle launched its US dollar-backed, ERC-20 stablecoin USD Coin…