ALTCOIN

‘A Neat Idea That Will Never Happen’

[ad_1] JPMorgan Chase CEO Jamie Dimon has said that Facebook’s not-yet-released Libra stablecoin is “a neat idea that will never happen.”Dimon delivered his comments during a speech at the Institute of International Finance conference on Friday, BNN Bloomberg reported on Oct. 18. Dimon said that the idea behind Libra is not unique and further turned the conversation to his company’s own stablecoin, JPM Coin, revealing that JPMorgan is spending over
ALTCOIN

German Minister Doubles Down on Statements Against Facebook’s Libra

[ad_1] German Federal Minister of Finance Olaf Scholz has doubled down on his previous statement that policymakers should prevent the issuance of Facebook’s Libra stablecoin.At the International Monetary Fund and World Bank fall meeting on Friday, Scholz stressed that stablecoins could pose international risks, Reuters reported on Oct. 18. Scholz expressed his utter skepticism regarding the social media giant’s plans, stating:“We will carefully monitor the situation with all the means
ALTCOIN

Huobi Lira Onramp to Enable Crypto Trading for Turkish Users

[ad_1] Singapore-based crypto exchange Huobi will launch a fiat gateway for the Turkish lira in late 2019.Huobi’s fiat onramp for lira will be the first fiat gateway launched by a global exchange, Huobi Global claimed during the opening event at the Eurasia Blockchain Summit on Oct. 18.During the inaugural event hosted by Huobi Global, the company also revealed more information about its expansion into Turkey. Specifically, Huobi unveiled the successful
ALTCOIN

Xpring Invests In Swedish Startup to Build XRP Hardware Wallet Firmware

[ad_1] Ripple’s investment arm and tech incubator Xpring has invested in Swedish cryptocurrency self-custody startup Towo Labs to build hardware wallet firmware.Xpring announced the news in a blog post on Oct. 16, stating that the startup plans to develop a new version of the XRP Toolkit and hardware wallet firmware supporting all XRP Ledger transaction types, as well as a noncustodial web interface.In a parallel announcement, Towo Labs said that
ALTCOIN

Bank of England Governor Carney Defends Facebook’s Libra Stablecoin

[ad_1] Bank of England governor Mark Carney has defended Facebook’s choice to create a new currency.Canadian news outlet TheStar reported Carney’s remarks on Oct. 15, noting that he highlighted the shortcomings of the current traditional financial system. Because of the inefficiency of the payments, Carey thinks that firms like Facebook should be involved in projects like Libra.The current payments industry is lackingMore precisely, he reportedly criticized the high costs of
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Bitcoin Price Flat at $8.3K as Moving Averages Indicators Flip Bearish

[ad_1] Bitcoin price (BTC) continued its latest sideways trading pattern on Oct. 15 as analysts increasingly warned over likely short-term volatility.Cryptocurrency market daily overview. Source: Coin360Bitcoin clings to $8K supportData from Coin360 showed BTC/USD remaining near $8,300 at press time, having fluctuated around that level over the past 24 hours.Highs during that period topped out at $8,390, the culmination of a build-up that reversed a previous downtrend at $8,240.Bitcoin seven-day
ALTCOIN

Libra an ‘Important Catalytic Event,’ Says Swedish Central Bank Chief

[ad_1] The head of Sweden’s Riksbank has characterized Facebook’s Libra project as “an incredibly important catalytic event” that is spurring the world’s central banks to ready themselves for digital transformation.In an interview with CNBC’s Squawk Box Europe on Oct. 15, Riksbank Governor Stefan Ingves said:“It has been an incredibly important catalytic event to sort of shake the tree when Libra showed up out of the blue, and that forced us
ALTCOIN

Physically-Backed Binance Coin ETP Launches on Swiss Stock Exchange

[ad_1] Cryptocurrency exchange Binance has launched a dedicated exchange-traded product (ETP) for Binance Coin (BNB) on a Swiss Stock Exchange.Binance Coin goes after pro investorsIn a press release seen by Cointelegraph on Oct. 15, Binance confirmed the BNB ETP would trade on the SIX Exchange from Tuesday.The ETP comes via a partnership with Amun, a local Swiss startup that has already brought various ETPs to market.The investment tool is a
ALTCOIN

Consolidating Bitcoin Price May Be Setting Up Ethereum for a 30% Surge

[ad_1] Bitcoin (BTC) dominance remains high at 66.3% and so does the amount of attention traders are dedicating to the largest digital asset’s price action.Last week’s move from $7,800 to $8,850 will have further entranced investors, and the hope of breaking above $10,000 may have distracted some traders from noticing the awakening that has occurred with many altcoins. Daily crypto market data. Source: Coin360As reported by Cointelegraph, a growing number of
ALTCOIN

Kik Announces It’s ‘Here to Stay’ in Apparent Reversal of Fortunes

[ad_1] Canadian social media and messaging app Kik has revealed it’s “here to stay,” in an apparent reversal of earlier plans to shut down amid legal difficulties.In an official tweet posted on Oct. 13, the company announced:“Great news: Kik is here to stay!!!!AND there’s some really exciting plans for making the app even better. More details coming soon. Stay tuned.”“More soon” and “stay tuned”As previously reported, Kik had been embroiled