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Barred from Leaving China? Tron Founder Justin Sun Surfaces in San Francisco

After bidding a record $4.57 million for lunch with Warren Buffet, Justin Sun – the founder of Tron Foundation announced on Tuesday on his Weibo social media platform that he had to cancel the charity lunch, which was originally set for Thursday in San Francisco. Justin has been a well-known entrepreneur in China’s cryptocurrency community, … Continue reading Barred from Leaving China? Tron Founder Justin Sun Surfaces in San Francisco

IRS Sends Warning Letters to Prevent Crypto Owners from Evading Tax

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Will Facebook Ever Be Able to Launch Libra?

In recent speculation, Facebook has acknowledged that there are several regulatory issues that is preventing the progress of launching Libra globally.  “There can be no assurance that Libra or our associated products and services will be made available in a timely manner” Facebook mentioned in its filing with the Securities and Exchange Commission.  The filing added, “These laws and regulations, … Continue reading Will Facebook Ever Be Able to Launch Libra?

LedgerX “Not Yet Approved” by CFTC to Launch Physical Bitcoin Futures

The United States Commodities and Futures Trading Commission (CFTC) confirmed that LedgerX has not yet been approved to offer physically-settled Bitcoin futures in contrary to previous announcements. LedgerX has officially launched their product on July 31, as they revealed to CoinDesk that they had launched the first physically-settled Bitcoin futures contracts in the U.S, surpassing Intercontinental Exchange’s Bakkt and TD Ameritrade-backed ErisX. CEO of LedgerX, … Continue reading LedgerX “Not Yet Approved” by CFTC to Launch Physical Bitcoin Futures

Walmart Files Patent Introducing Its Own Digital Currency

Walmart has filed a cryptocurrency patent to develop its own U.S dollar-backed digital currency similar to Facebook’s Libra. The proposed coin’s objective aims to provide finance for those with limited access to banking services similar to Facebook’s intention for introducing Libra. The patent filing number 20190236564 “System and Method for Digital Currency via Blockchain,” was … Continue reading Walmart Files Patent Introducing Its Own Digital Currency

117 Smuggled Crypto Mining Machines Seized by Iranian Police

Following the wake of the Iranian government in the authorization of cryptocurrency mining as industrial activity in July, the Iranian provincial police had apprehended an individual who was said to be smuggling in cryptocurrency mining machines. This was reported by the local news agency Fars News, on July 31. The mining machines which were said … Continue reading 117 Smuggled Crypto Mining Machines Seized by Iranian Police

US Declares China a 'Currency Manipulator' while Bitcoin Sees Growth

The US Declares China a ‘Currency Manipulator’ The US Treasury Department officially designated China as a “currency manipulator” on Monday following the most significant stock market losses the US has seen in 2019. There was a 2.9% plunge overnight in the Dow Jones Industrial Average, Nasdaq down 3.4% while Bitcoin is up 3.2% as tweeted by Tim Draper.  In a … Continue reading US Declares China a 'Currency Manipulator' while Bitcoin Sees Growth

China’s Central Bank Accelerates R&D of its Legal Digital Currency

People’s Bank of China, the Central Bank of China made an announcement of the acceleration of the development of its legal digital currency. In July, former PBoC governor Zhou Xiaochuan warned that China must take precautions against Libra and must compete against them. The PBoC started to research on digital currencies as Bitcoin became increasingly popular.   Huawei’s CEO Responds to … Continue reading China’s Central Bank Accelerates R&D of its Legal Digital Currency

Bitcoin Whales are Controlling the Market

Bitcoin whales have been dominant in the market based on their massive liquidity. Tyler Swope, an expert crypto trader, has the viewpoint that Bitcoin whales have become overly manipulative this summer. Bitcoin’s choppy price chart As per Swope’s observation, Bitcoin has witnessed numerous pumps and dumps in a span of two weeks. As a result, … Continue reading Bitcoin Whales are Controlling the Market

CertiK Announces the Completion of British Pound Backed Stablecoin on Binance

In a report by a blogging site, CertiK had announced it had completed an audit on the British pound backed stable coin on the biggest cryptocurrency exchange platform Binance, the BGBP. In an interview with Bloomberg some weeks ago the CFO of Binance Wei Zhou, had given hints about the exchange’s plan to issue its own stable … Continue reading CertiK Announces the Completion of British Pound Backed Stablecoin on Binance

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