Monthly Archives: December 2019

EU Won’t Let Stablecoins Enter Market Until Risks Are Addressed

The benefits associated with stablecoins pale in comparison to their risks and challenges, according to a new statement from EU authorities. No global stablecoin project will begin operation in the European Union (EU) until the associated risks to monetary sovereignty are addressed, according to EU authorities. In a joint statement adopted by the Council of the European Union and the European Commission (EC), the Council and the Commission admitted that stablecoins may be effective at providing cheap and fast payments, but they have far more risks and […]

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Crypto Market Flips Green — But Is Bitcoin Ready to Retest $8,000?

After retracing the Dec.4 10% rally to $7,800, Bitcoin bulls are now attempting to push the price above $7,500 for another shot at $8K. On Dec. 4, Bitcoin (BTC) unexpectedly rallied hard from $7,080 and over the next 5 hours the digital asset had moved 9.92% to trade for $7,788. The strong surge briefly broke the pattern of lower highs lower lows. But by the end of the day, the price had retraced back to $7,100.  Crypto market weekly performance. Source: Coin360 Bitcoin price slowed down as […]

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Crypto Cybersecurity Firm Ledger Hires In-House Security Officer As New CTO

Hardware wallet manufacturer Ledger has hired in-house security officer as chief technology officer to oversee the company’s security operations. Hardware wallet manufacturer Ledger has hired Charles Guillemet as chief technology officer (CTO) where he will oversee the company’s security operations. In a press release shared with Cointelegraph on Dec. 5, Ledger said that Guillemet has been in charge of the company’s security assessments for Ledger’s products ever since he started working at the firm in 2017. Guillemet also founded the company’s security department and evaluation lab, has […]

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ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy

European Central Bank (ECB) executive board nominee and member of the German Council of Economic Experts, Isabel Schnabel, recently remarked at a European Parliament hearing that “This scapegoating [of the ECB] is extremely dangerous: it may damage the trust in the euro.” Schnabel was speaking out in defense of negative deposit rates being employed as a result of ECB policy. The German economist also remarked that “we cannot expect that the general population understands what the ECB is doing.” Also Read: ECB President: ’We Should Be Happier […]

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Bitcoin Recovers from Below $7.2K After Schiff Says ‘Game Is Over’

Crypto markets continue to trade sideways, with Bitcoin struggling to recover from its intraday low of below $7,200. Thursday, Dec. 5 — cryptocurrency markets have continued to trade sideways, with 18 of the top 20 coins by market cap seeing notable losses at press time. After Bitcoin (BTC) attempted another recovery yesterday to break above $7,500, the biggest cryptocurrency has dipped below the $7,200 threshold again today. Among the few coins that report some green at the time of this writing, Unus Sed Leo (LEO) is seeing […]

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For “My Cleats, My Cause” Design, Russell Okung Sports BTCPay Server

Russell Okung is no bitcoin tenderfoot. The Los Angeles Chargers left tackle hosted his own Bitcoin event in September 2019 after he made a public splash onto the scene with his “Pay me in Bitcoin” tweet during the off-season. Now, for his December 8, 2019, matchup against the Jaguars, bitcoin will be with him every step of the way — literally. The two-time Pro Bowler and bitcoin hodler recently tweeted a cleat design that reps the open-source BTCPay Server, a decentralized payment portal that was built as […]

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Pomp Joins Figure’s Board as Firm Completes $103M Funding Round

California-based fintech company Figure Technologies has completed its $103 million funding round led by Morgan Creek Digital. California-based fintech company Figure Technologies has completed its $103 million funding round led by cryptocurrency asset manager Morgan Creek Digital. In conjunction with closing the Series C round, the blockchain-focused firm announced that Morgan Creek co-founder Anthony Pompliano had joined Figure’s board, according to a press release on Dec. 5. The news comes three days after Figure secured $58 million of the planned $103 million, according to its filing with […]

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Texas-Based Data Center CyrusOne Hit by Ransomware Attack

Texas-based data center CyrusOne has reportedly fallen victim to the REvil (Sodinokibi) ransomware. Texas-based data center provider CyrusOne has reportedly fallen victim to an attack from REvil (Sodinokibi) ransomware, business tech-focused publication ZDNet reported on Dec. 5. One of the largest data centers in the United States, CyrusOne has reportedly been exposed to an attack by a variant of the REvil (Sodinokibi) ransomware, which previously hit a number of service providers, local governments and businesses in the country. Just business Per the ransom note obtained by ZDNet, […]

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Crypto-Focused Lender Blockfi Launches Trading Platform

Crypto financial services company Blockfi has launched a trading platform supporting three cryptocurrencies. The new offering adds to the company’s existing services: interest-bearing accounts and crypto-backed loans. Blockfi has completed registration with the U.S. Financial Crimes Enforcement Network and expanded its state licenses to cover both lending and money transmission. Also read: Bitcoin ATMs Installed at 5 Major Malls in the US Trading Platform Launch Blockfi announced Thursday the launch of its crypto trading platform for individual and institutional investors. “Blockfi Trading will initially allow holders of […]

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Russian Smelting Giant Begins Testing Digital Trading Platform

Russian mining and smelting giant Nornickel has commenced testing its digital platform for metals trading. Russian mining and smelting giant Nornickel has commenced testing its digital platform for metals trading. As Bloomberg reported on Dec. 5, Nornickel began trialing its platform for digital metal tokens in collaboration with physical commodities trading group Trafigura Group Ltd., metals finance and logistics firm Traxys SA and materials technology and recycling group Umicore SA. Specifically, the platform is designed to enable clients to purchase digital tokens backed by metals and then […]

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