newszine

Wall Street finds blockchain hard to tame after early euphoria

6 days ago DieselGasoil Comments Off on Wall Street finds blockchain hard to tame after early euphoria
NEW YORK (Reuters) – Two years ago Nasdaq Inc (NDAQ.O) and Citigroup Inc (C.N) announced a new blockchain system they said would make payments of private securities transactions more efficient. Nasdaq Chief Executive Adena Friedman called it “a milestone in the global financial sector.” A Wall St. street sign is seen near the New York Read More

Facebook vows Libra currency will wait for approval as U.S. airs worries

7 days ago DieselGasoil Comments Off on Facebook vows Libra currency will wait for approval as U.S. airs worries
WASHINGTON (Reuters) – Facebook Inc said on Monday it would not proceed with the launch of its Libra cryptocurrency until regulatory concerns are addressed, as the U.S. Treasury secretary took the unusual step on of saying he had serious concerns it could be used for illicit activity. David Marcus, who oversees Facebook’s blockchain efforts, planned Read More

Facebook official says regulatory concerns to be addressed before Libra launch

7 days ago DieselGasoil Comments Off on Facebook official says regulatory concerns to be addressed before Libra launch
FILE PHOTO: Representations of virtual currency are displayed in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic/Illustration/File Photo WASHINGTON (Reuters) – Facebook Inc’s top official overseeing the launch of its Libra cryptocurrency plans to tell U.S. lawmakers the company will not launch the digital currency until regulatory concerns and Read More

Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows

1 week ago DieselGasoil Comments Off on Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows
FILE PHOTO: Bitcoin.com buttons are seen displayed on the floor of the Consensus 2018 blockchain technology conference in New York City, New York, U.S., May 16, 2018. REUTERS/Mike Segar/File Photo LONDON (Reuters) – Bitcoin slumped more than 10% over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting Read More

Russia, China, Iran & Venezuela developing crypto to challenge US financial control – study

1 week ago DieselGasoil Comments Off on Russia, China, Iran & Venezuela developing crypto to challenge US financial control – study
A new report by the American Foundation for Defense of Democracies (FDD) says the US’ geopolitical adversaries are deploying blockchain technology to help avoid sanctions and counter US financial power. According to the FDD, with the increase of adoption of cryptocurrencies around the world, efforts are underway to build new systems for transferring value that Read More

Fugitive U.S. tech guru: Cryptocurrency is next Cuban revolution

2 weeks ago DieselGasoil Comments Off on Fugitive U.S. tech guru: Cryptocurrency is next Cuban revolution
HAVANA (Reuters) – On the run from U.S. tax authorities, tech guru John McAfee puffs a cigar aboard his towering white yacht in a Havana harbor and says he can help Cuba evade the U.S. government too – by launching a cryptocurrency that defeats a U.S. trade embargo. John McAfee, co-founder of McAfee Crypto Team Read More

Bitcoin sell-off accelerates, breaking below $11,000

4 weeks ago DieselGasoil Comments Off on Bitcoin sell-off accelerates, breaking below $11,000
FILE PHOTO: Jewelry with the Bitcoin logo is seen on display at the Consensus 2018 blockchain technology conference in New York City, New York, U.S., May 16, 2018. REUTERS/Mike Segar (Reuters) – A pullback in prices of bitcoin deepened on Thursday, falling over 16% to below $11,000 after jumping to 18-month high of nearly $14,000 Read More

Bitcoin’s back! BTC blows past $11,000, up almost 300% this year

4 weeks ago DieselGasoil Comments Off on Bitcoin’s back! BTC blows past $11,000, up almost 300% this year
Bitcoin soared above the $11,000 mark on Monday, reaching a more than 15-month high. The world’s most popular cryptocurrency hit $11,234 during early trading, nearly tripling in value since January. Bitcoin has led the resurgence of the cryptocurrencies market as investors seem to have recovered their appetite since the crypto bubble burst in 2018. Last Read More

Explainer: Initial exchange offerings flourish in crypto market

1 month ago DieselGasoil Comments Off on Explainer: Initial exchange offerings flourish in crypto market
NEW YORK (Reuters) – Initial exchange offerings (IEOs) are currently the most popular fundraising trend in the cryptocurrency industry, which has seen poster child bitcoin surge more than 150% in 2019. As the name suggests, initial exchange offerings are conducted over crypto trading platforms and exchanges. FILE PHOTO: Bitcoin (virtual currency) coins are seen in Read More

New tokens thrive in crypto market but sales raise questions

1 month ago DieselGasoil Comments Off on New tokens thrive in crypto market but sales raise questions
NEW YORK (Reuters) – Initial exchange offerings (IEOs) have been the latest darlings in raising funds for cryptocurrency projects, but intensifying regulatory scrutiny and investors’ concern about the viability of the companies raising capital are flashing red flags. FILE PHOTO: Bitcoin.com buttons are seen displayed on the floor of the Consensus 2018 blockchain technology conference Read More