BLOCKCHAIN

G7 Task Force Releases Full Report on Impact of Global Stablecoins

[ad_1] A G7 task force reports that stablecoins, such as Facebook’s Libra, present significant risk to the global financial system but also have potential in the field of payments.Doubling down on regulationsOn Oct. 18, in a report requested by the G7 Finance Ministers and central bank Governors, the relevant task force confirmed that the group of the seven wealthiest nations would not allow any global stablecoin to launch without adequately
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Alleged Las Vegas Scammer Charged for $11 Million Crypto Binary Options Ponzi

[ad_1] A Las Vegas man is charged with raising at least $11 million from cryptocurrency investors he promised to trade binary options for, and make gains of up to 300%. According to the charges the money was sent from new clients to previous ones in a classic Ponzi scheme manner. Also Read: Binance to Add Bitcoin Cash to Its Decentralized Exchange CFTC Charges Las Vegas Man in $11 Million Fraud
Business

Nearly 75% of German Consumers Would Reject Facebook’s Libra: Survey

[ad_1] Almost three-quarters of German consumers would not use Facebook's planned digital currency, Libra, according to a recent poll.Only 27 percent considers using LibraOn Oct. 17, Cointelegraph auf Deutsch reported that out of 2000 questioned Germans, aged 16 and over, only 27 percent would ever consider using Facebook’s Libra stablecoin as a means of payment at home or abroad.The poll was conducted on behalf of the Wirtschaftswoche business news magazine
BLOCKCHAIN

Hackers Use Malicious Code in WAV Audio Files To Mine Cryptocurrencies

[ad_1] Threat researchers have discovered malicious code in WAV audio files, code that hackers use to mine cryptocurrencies.Hackers earn thousand of dollars per monthOn Oct. 16, researchers at BlackBerry Cylance, a software company that develops anti-virus programs, reported the discovery of malicious code hidden within WAV audio files. This type of malware campaign, where hackers conceal malware codes in ordinary-looking files, is known as steganography.The analysis showed that some of
BLOCKCHAIN

Cointelegraph Blocked in Russia | Cointelegraph

[ad_1] Cointelegraph's website has become widely inaccessible in Russia as authorities added the domain to a registry of blacklisted sites.The blacklistAlthough Cointelegraph has been publicly on a list of blocked sites since 2017, it was only yesterday, October 16, that the Russian Federal Service for Supervision of Communications, Information Technology and Mass Media, more commonly known as Roskomnadzor, implemented the block on a technical level. The developer of a popular Russian
Business

Bitcoin Price Hovers Above $8,000 While XRP Jumps 5% on the Day

[ad_1] Thursday, Oct. 17 — Bitcoin (BTC) is hovering just above the $8,000 price mark, while XRP shows impressive gains on the day.Cryptocurrency market daily overview. Source: Coin360For most of the day, the world’s largest cryptocurrency has been trading within a tight range between $8,000 and $8,100. BTC traded from an intraday low of around $8,010 up to $8,135 before hitting its current trading price of $8,062, showing a subtle gain
Business

US Senator Finds Negative Reactions to Facebook’s Libra ‘Puzzling’

[ad_1] United States Senator Mike Rounds expresses his support for Facebook’s Libra coin in a letter sent to Libra Association member Anchorage Trust company.United States payment systems in its infancyOn Oct. 17, U.S. Senator Mike Rounds wrote to Nathan McCauley, president of crypto custodian company Anchorage Trust, where he expressed his concerns that other parts of the world are “dwarfing” the United States in innovative payment technologies. The Senator points to
Business

Buy BTC to Escape Negative Yield Bonds

[ad_1] Bitcoin (BTC) bull and co-founder of Gemini crypto exchange Cameron Winklevoss has noted that the volume of negative interest bonds accounts for $17 trillion and has urged the public to buy Bitcoin. In an Oct. 17 tweet. Winklevoss wrote:“$17 trillion dollars are currently held in negative interest bonds. 17 trillion reasons why you should own bitcoin.”How to move such a volume to BTC?In a series of comments to the
BLOCKCHAIN

Burj Khalifa Developer Emaar to Launch Tradeable Reward Token EMR

[ad_1] Dubai-based real estate giant Emaar Properties has released its new blockchain token-based referral and loyalty platform.Real monetary valueEmaar, which developed the world’s tallest building, the Burj Khalifa, as well as the Dubai Mall, is planning to launch the EMR token for rewarding its customers, local publication Arabian Business reports Oct. 17.Based on JPMorgan’s blockchain platform Quorum, EMR tokens will be redeemable not only within Emaar’s real estate network, including
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SLP Token Ecosystem Built on Bitcoin Cash Continues to Blossom

[ad_1] The Simple Ledger Protocol (SLP) has come a long way since its inception and more than 4,900 SLP tokens have been created to date. During the last few months, SLP usage has grown significantly with people constructing various types of unique ideas that create more use cases for these token concepts. Also read: SEC Commissioner Speaks Positively About Digital Assets Despite Recent Enforcement Flurry Close to 5,000 SLP Tokens