Business

G7 Says ‘Global Stablecoins’ Pose Threat to Financial Stability

[ad_1] The G7 group of nations has reportedly drafted a report which says that “global stablecoins” pose a threat to the global financial system.According to the BBC on Oct. 13, a draft report from the G7 outlined the various risks associated with digital currencies. It also said that, even if member firms of the governing Libra Association addressed regulatory concerns, it may not get approval from the necessary regulators, stating:"The G7 believe
EXCHANGES

More Nations Join the Club of Crypto-Friendly Jurisdictions

[ad_1] Regulatory barriers are a major concern for businesses working with decentralized assets. Not all governments, however, are putting obstacles in front of crypto companies. In fact the number taking a crypto-friendly stance is in fact increasing. Also read: Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky Executives View Regulations as the Biggest Threat Government regulations are a determining factor for the business climate crypto companies operate in. A
Business

Telegram Bombshell, Zuckerberg to Testify, Ripple Row: Hodler’s Digest, Oct 7–13

[ad_1] Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekU.S. SEC deems $1.7 billion Telegram offering illegal, orders haltIn what may be the highest-level action it has ever taken, the SEC has halted the $1.7
Business

Telegram Responds to Investors on SEC Action, Hearing Set for Oct. 24

[ad_1] Telegram Open Network (TON) developers responded to its investors after American regulators abruptly announced that its $1.7 billion token sale was illegal.No clear feedback from SEC for 18 monthsAccording to a TON letter to investors obtained by Cointelegraph, the firm has been trying to solicit feedback from the United States Securities and Exchange Commission (SEC) for the past 18 months regarding the TON blockchain and does not agree with
EXCHANGES

Android Tool Lets You Check Crypto Payment Apps for Double-Spends

[ad_1] The risk of double-spending has traditionally been a major obstacle to creating and fully using digital money. A flaw of this kind would be detrimental to the credibility of any system claiming to provide universal solutions to the financial needs of our era. Whoever created Bitcoin elegantly solved the difficult task, but a growing ecosystem of related products and services comes with new threats and resurrects the challenge. It
ALTCOIN

Privacy Coin Zcash Community to Develop Wrapped Token for Ethereum

[ad_1] The privacy-focused cryptocurrency Zcash (ZEC) is seeking access to Ethereum’s decentralized finance (DeFi) ecosystem.Zcash’s shielded addresses on the Ethereum networkOn Oct. 13, Coindesk reported that the topic of interoperability was the theme of the now concluded Devcon 5 developer conference in Osaka, Japan, where a number of smaller cryptocurrency projects displayed interest in accessing Ethereum’s DeFi ecosystem. Summa co-founder, James Prestwich, told the news outlet:“Connecting to other chains doesn’t
ALTCOIN

BNB Gains 23% Plus Other Top-5 Cryptos This Week: LINK, HT, XRP, TRX

[ad_1] The United States Securities and Exchange Commission (SEC) has been in the thick of the action over the past week. First, the SEC rejected the Bitcoin ETF application from Bitwise Asset Management and NYSE Arca. Next, the governing body obtained a temporary restraining order against Telegram and its wholly-owned subsidiary Telegram Open Network (TON) for hosting a securities sale which would culminate with the distribution of Gram (GRM) tokens
BLOCKCHAIN

Crypto and Blockchain News From Japan: Oct. 7–13 in Review

[ad_1] Japan, the second-largest source of traffic for global crypto exchanges to date, witnessed a number of industry announcements this week as the country hosted the major blockchain event Devcon 5 from Oct. 8 to Oct. 11.Organized on an annual basis by the Ethereum Foundation, the recent Devcon conference featured leading figures in the blockchain and cryptocurrency industries, including Ethereum co-founders Vitalik Buterin and Joseph Lubin.Here is the past week
Business

Crypto Markets Report Mild Gains, While Binance Coin Jumps 7%

[ad_1] Sunday, Oct. 13 — Bitcoin (BTC) continues to bounce around the $8,400 price mark, while most of the top-20 coins by market capitalization report slight gains.Market visualization. Source: Coin360Cryptocurrency markets are seeing mild gains, generally within a tight range of 1–2%. Binance Coin (BNB), the number eight coin by market capitalization, is the only top-20 coin that that stands out and is surging more than 7.5%. Bitcoin has been bouncing between
Business

Bitcoin Price Flatlines at $8.4K as Bollinger Bands Predict Breakout

[ad_1] Bitcoin price (BTC) bulls looked as if they were taking charge last week as BTC/USD rose by over $1,000, albeit momentarily. Bitcoin rallied throughout the week from a low of $7,760 on Oct. 7 to over $8,800 where it was rejected around the 200 Day Moving Average (MA) on Oct. 11.After this point, 50% of the weekly gains were wiped out in a matter of minutes as it fell back