8 Irate Quotes From Officials Who Hate Facebook’s Digital Currency

[ad_1] The best thing about Facebook’s proposed digital currency isn’t its BTF consensus algorithm, account-based data model or single Merkle tree structure. No, the greatest thing about Libra has to be the triggered reactions from politicians and bankers who can sense the rug being pulled from under their feet, threatening their hegemony and upending their world view. Here are eight memorable quotes from incensed officials. Also read: Market Rebound Boosts

Market Rebound Boosts Adoption of Cryptocurrencies for Payments

[ad_1] The use of digital assets to make payments is growing, according to a recently published study. It reveals that cryptocurrency’s role as a viable means of payment has been expanding and this year’s market rebound has increased the turnover of crypto payments. The report suggests that debit cards linked to digital currency wallets will remain an important tool until wider adoption of direct cryptocurrency payments. Also read: BCH Can

Coinbase Pro Announces Support for Chainlink Token

[ad_1] Major cryptocurrency exchange Coinbase Pro has added support for Chainlink, according to a blog post on June 26.Coinbase has listed two trading pairs for the token of smart contract platform Chainlink (LINK) on its professional trading platform.LINK will be available to trade with the U.S. dollar (LINK/USD) and with ether (ETH) (LINK/ETH). The post says that the token will be available in all its covered jurisdictions except for the

Bitwise to Launch Another Crypto Exchange-Traded Product

[ad_1] Crypto asset manager Bitwise has partnered with Swiss fintech startup Amun AG to launch another multi-crypto-based exchange-traded product (ETP), according to a press release on June 26.Bitwise’s index calculation subsidiary, Bitwise Index Services, has licensed “The Bitwise 10 Select Large Cap Crypto Index” to Amun AG to bring a diversified crypto ETP, the announcement says.The index will act as the benchmark index for an ETP product called “Amun Bitwise

Northern Trust Hands Off Blockchain Solution to Fintech Firm

[ad_1] Northern Trust has handed over its blockchain platform to fintech firm Broadridge Financial Solutions, according to a press release on June 26.The Chicago-based asset management firm Northern Trust has handed over its blockchain-based private equity (PE) management solution to Broadridge for further improvement.The platform purports to streamline and automate certain tasks, such as middle office functions. The PE blockchain solution will initially roll out “to all PE funds domiciled

The Altcoin Season Will Come, Says Fundstrat’s Tom Lee

[ad_1] With bitcoin continuing its surging uptrend, crypto bulls like Tom Lee and John McAfee say the altcoin season is bound to make a comeback before the end of the year. The Altcoin Season It’s a well known fact in the crypto market that altcoins typically have their bull market moment after bitcoin has finished its course. With BTC dominance breaking above 60% for the first time in 2 years,

Bitcoin Falls by $1,400 After Crash of Major Crypto Exchange Coinbase

[ad_1] Bitcoin’s (BTC) price fell by $1,400 within minutes after a crash of United States-based cryptocurrency trading platform Coinbase.Coinbase first reported that it was investigating an issue in which its API and website were not functioning properly at 1:47 p.m. PDT on its status website. According to the daily chart of bitcoin price on Coin360, bitcoin’s price and market cap began to plummet around 1:25 p.m. PST, just minutes before Coinbase’s

Node40 Executive Explains What to Expect When the IRS Issues Its New Crypto Policy

[ad_1] Last May, the U.S. Internal Revenue Service (IRS) revealed it would be issuing new tax guidance and rules about the tax treatment of digital assets and forks. IRS Commissioner Charles Rettig told congressional leaders that the agency has made it a priority to issue crypto-related tax guidance. This week spoke with Sean Ryan, CTO of Node40, a platform that helps people calculate digital currency-based taxes. He believes that

Square Makes Bitcoin Deposits for Cash App Available to the General Public

[ad_1] Based on a recent report, Square, a payments firm situated in San Francisco now supports bitcoin and now has bitcoin(BTC) deposits option available on its Cash App. Customers who use the Cash App can now transfer bitcoins from external wallets into their app bitcoin address. Deposit is Limited to $10k In a statement released by Square, it was revealed that the highest deposits that can be made within seven

TRON Foundation Announces $20 Million Buyback Plan

[ad_1] The Tron Foundation has announced a $20 million buyback plan in a blog post published on June 25.The buyback is purportedly part of an initiative to bolster community activity and market stability.The company is going to conduct the largest tron (TRX) token buyback plan so far with the widest coverage in the secondary market, the post reads. The buyback is set to last for a year in the form