Former Cred execs face wire fraud and money laundering charges
After attending their initial court appearance on May 2, the former CEO and CFO of Cred must enter their plea on May 8.
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Brazilian Central Bank Promises Instant Payment Platform to Compete With Crypto
The Central Bank of Brazil (BCB) has announced a plan to launch a new near-instant payment system during November.The platform, called the Brazilian Instant Payment Scheme (PIX), will facilitate peer-to-peer and business-to-business transactions in 10 seconds or less via mobile phone, internet banking, or select ATMs. According to a press release published Feb. 20, It is…
TZERO to Offer Public Trading Starting Aug. 12, Expects Up To 50,000 Investors
Retail giant Overstock’s blockchain subsidiary company, tZERO, plans to allow the public to trade its security tokens in four days.Saum Noursalehi, CEO of tZERO, shared the announcement with CoinDesk, per a report published on Aug. 8. According to the announcement, Aug. 12 marks the end of a one year lock period following the company’s 2018…
Coinbase Accidentally Saves Unencrypted Passwords of 3,420 Customers
Major crypto platform Coinbase has emailed 3,420 Coinbase customers to disclose an accident with customer registration. Some registration details were apparently stored in clear text on the logs of Coinbase’s internal server, with affected customers now required to change their passwords.Coinbase announced the news in an official blog post on Aug. 16. According to the…
As TikTok ‘Spyware’ Rumor Swirls, Crypto Apps Safety in the Spotlight
Over the past few weeks, TikTok has found itself in hot water over security issues. First, it was axed in India along with 58 Chinese apps for “stealing and surreptitiously transmitting users’ data in an unauthorized manner.” Later, it became a major target for Trump’s administration against the backdrop of America’s faltering relationship with China…
Stablecoin issuers poised to be banks of the future on road to adoption
There is no denying the fact that the crypto market has grown from strength to strength over the course of 2021, as is best highlighted by the total capitalization of the industry recently hitting the $3-trillion mark, albeit for a relatively brief period of time. That said, stablecoins, a class of cryptos that have their value…
Bitcoin holds $50K as analyst says weekly timeframes confirm bull market remains intact
There's no reason to discount the Bitcoin bull run yet, longer-term price data shows, but faith in an end-of-year rebound is thin. 287 Total views 41 Total shares Bitcoin (BTC) retained $50,000 as support overnight into Dec. 8 amid confidence that the 2021 bull market was not yet over. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewSilver…
Bitcoin Retakes $9K — 3 Technical Reasons There’s Still Room to Run
The price of Bitcoin (BTC) surged above $9,000, demonstrating a decent recovery in the last 24 hours. Market data shows a further upsurge to the $9,300 to $9,400 range is likely in the near-term.Three key reasons increase the probability of a minor rally: liquidation of 25x to 50x shorts are at $9,300, whales using the…
Former Reserve Bank official pushes for India to accept crypto
Former Deputy Governor of the RBI sees cryptocurrencies as a taxable asset or commodity. 1253 Total views 53 Total shares The former Deputy Governor of the Reserve Bank of India (RBI) has spoken out about the nation’s financial and crypto ecosystem and stated that digital assets need to be accepted.Speaking at the inaugural HODL ’21…