Coinbase Generated Nearly $2 Billion in Transaction Fees Since 2012

[ad_1] At Vanity Fair’s New Establishment Summit, Coinbase CEO Brian Armstrong said that Coinbase has generated close to $2 billion in transaction fees since it launched in 2012.On Oct. 23, the co-founder and CEO of major United States cryptocurrency exchange and wallet provider Coinbase told Vanity Fair that technology has always been the focus of Coinbase, which, in part, is the reason why the company has remained profitable. Coinbase has been

Libra Hearing Fails to Assuage Senior Lawmakers’ Concerns

[ad_1] Following testimony before the United States House of Representatives Financial Services Committee earlier today, lawmakers are still concerned about the possible launch of the Libra stablecoin.On Oct. 23, legislators heard statements from Facebook CEO Mark Zuckerberg and posed questions covering a variety of topics from Libra to Facebook's data policies and reaction to possible foreign influences on the platform. Following the hearing, the committee's chair, Maxine Waters, told Cointelegraph, "I don't support

Germany’s Financial Crisis Invokes 5-Year Rent Freeze

[ad_1] All eyes are on the German economy which was once perceived as stable and strong. However, the financial state of affairs has been tumultuous and Berlin’s state cabinet recently agreed to a five-year rent freeze to help curb the rising housing costs in the country. Moreover, Bundesbank just published a monthly report that explains how Germany’s economic output is in a deep slump and the country’s monetary system has

Binance, Hashkey Pro to List SEC-Sanctioned Blockstack Token

[ad_1] Major cryptocurrency exchange Binance is preparing to expand its token offering with the listing of Blockstack (STX).According to an announcement on Oct. 23, the cryptocurrency exchange will open trading for STX/Binance Coin (BNB), STX/Bitcoin (BTC) and STX/Tether (USDT) trading pairs on Oct. 25. Binance users can now deposit STX ahead of trading.  In addition to trading on Binance, STX will also trade on institutional exchange Hashkey Pro. In a separate

ING Bank Proposes Security and Privacy Trade-Off for Corda Blockchain

[ad_1] ING announced that researchers at the financial services firm have solved a security and privacy issue on blockchain software firm R3’s Corda blockchain.On Oct. 23, ING’s distributed ledger technology team presented its white paper, called “Solutions for the Corda security and privacy trade-off: having your cake and eating it,” where it reportedly found a solution to improve the security and privacy trade-off on Corda, an open-source blockchain platform.Zero-knowledge proofs

Over 40% of Blockchain Industry Employees Work at Crypto Exchanges

[ad_1] Almost half of all people working in the blockchain industry are employed by cryptocurrency exchanges, new research from industry-focused publication The Block reveals.The Block published the research results on Oct. 23, stating that 42% of people at 158 analyzed companies work for digital currency exchanges, with around 7,700 people combined working at 30 different exchanges.Crypto exchanges are followed by crypto mining equipment producers, comprising 11% of blockchain industry employees.

Belarusian Bank Gets the Go-Ahead to Service Crypto Investors

[ad_1] A bank in Belarus has effectively gotten the green light to process transfers related to digital assets. DFS, an affiliated company of Belveb Banking Holding’s member VEB Technologies, was recently registered as a resident of the High Technologies Park. The country’s special economic zone has already become home to many crypto businesses. Also read: Bittrex International Pulls Out of 31 Markets Citing Regulatory Uncertainty Crypto Investment Platform to Pay

Libra Could Serve as Counter to Chinese Digital Currency, Says Zuckerberg

[ad_1] Facebook CEO Mark Zuckerberg testified before the United States House of Representatives Financial Services Committee today regarding the Libra stablecoin project.Facebook’s Libra vs. China’s digital renminbiDuring the much-anticipated hearings before Congress on Oct. 23, lawmakers and the CEO discussed the growing competition with China on the economic and geopolitical stage.In his prepared statements to the Committee, Zuckerberg stated that the project would ensure that the U.S. stays a financial

US Treasury Agrees on Need to Observe Libra After Congressman’s Request

[ad_1] The United States Department of the Treasury has agreed to the need for an investigation into Facebook’s forthcoming Libra stablecoin following a letter from Representative Emanuel Cleaver.Per a press release published on Congressman Cleaver’s website on Oct. 22, the Treasury provided an affirmative response to Cleaver’s appeal to examine Libra and its corresponding wallet Calibra for potential systemic risk.Cleaver sent the letter to Facebook, Calibra, the Financial Stability Oversight