New York regulator set to approve Ripple’s RLUSD stablecoin: Report
According to data from CoinGecko, the total stablecoin market capitalization is over $196 billion as of Nov. 29.
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18 industry vets share tips for launching a crypto startup in a bear market
Launching a startup in any industry is hard. Launching during a bear market is even harder. Launching a startup in a bear market in a relatively new industry like crypto — which many investors don’t fully understand and which has had its share of recent negative headlines — brings a whole additional slate of challenges. But…

Lawyer uses ChatGPT in court and now ‘greatly regrets’ it
The court used the word “bogus” to describe the quotes and citations the New York attorney provided, which were sourced from ChatGPT. 683 Total views 8 Total shares A New York attorney has been blasted for using ChatGPT for legal research as part of a lawsuit against a Columbian airline.Steven Schwartz, an attorney with the…

Libra picks former HSBC brass as CFO
The G7's recent rejection of Libra doesn’t seem to have slowed them down. 1711 Total views 16 Total shares The Libra Association, which oversees the as-yet unreleased Libra cryptocurrency, has chosen a chief financial officer and chief risk officer for the project. Ian Jenkins, who touts experience from HSBC, Santander, and Credit Suisse, will supervise the…

Central Bank Officials: DLT Can Improve the Global Financial System
On March 7, three monetary and cryptocurrency experts discussed the challenges and prospects of central bank-issued digital currencies at the Massachusetts Institute of Technology (MIT) Bitcoin Expo 2020.The panelists acknowledged that distributed ledger technologies (DLT) could improve the existing global monetary system, however, argued that significant challenges persist regarding the privacy, interoperability, and scalability of…

Raoul Pal: ‘It May Not Be Worth Owning Any Asset Other Than Bitcoin’
Raoul Pal, CEO and founder of Real Vision, says Bitcoin may soon become his only asset for long-term investments. 856 Total views 12 Total shares CEO and founder of Real Vision Raoul Pal says his “conviction levels” in Bitcoin are rising on a daily basis as he compares the crypto asset to traditional investments on…

Case examiner says Cred platform hired escaped prisoner as CFO
Cred’s former Chief Financial Officer, James Alexander, has been identified by U.K. authorities as a prison escapee who was convicted for financial crimes. Bankrupt cryptocurrency lending platform Cred Inc is believed to have unwittingly appointed a prison escapee as its Chief Financial Officer.A report filed by examiner Robert Stark of Brown Rudnick LLP on March…

Bitcoin breaking through $12K is huge but don’t expect higher prices before 2021
The previous week has been tremendous for Bitcoin (BTC) investors as price broke the crucial barrier of $12,000, culminating in a surge from $11,300 to $13,300, a rally of $2,000 within a week. A new yearly high was printed, while the dollar has been showing weakness as well. Next to that, multiple listed companies came…

Bitcoin gears up for $47K assault — can BTC price overcome make or break resistance?
Bitcoin (BTC) looked set to challenge critical $47,000 resistance on Tuesday amid a perfect storm of dwindling supply and “exhausted” bears.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewHodlers vs. whales in the battle for $50,000 retestData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit local highs above $46,600 on Bitstamp.The pair has gained $2,000…