Search Results for: cryptocurrency

Another Cryptocurrency Exchange gets hacked for millions

September 9th, 2020 (0)
Hackers have compromised yet another cryptocurrency exchange. This time, it’s the small-time Slovakian exchange Eterbase—though the amount hackers made off with is nothing to sneeze at nearly $2 million. Hackers raided Eterbase’s wallets for Bitcoin, Ethereum, XRP, Tezos, Algorand ...

Cryptocurrency to get pan-European legal framework

August 24th, 2020 (0)
In the fall, the EU Commission is set to complete its work on digital finance, and the result will be a clear definition for cryptocurrency in European law. “Lack of legal certainty is often cited as the main barrier ...

Putin signs law giving cryptocurrency legal status in Russia

August 4th, 2020 (0)
Russia’s bill to regulate cryptocurrencies has been signed into law by President Vladimir Putin. The new law gives legal status to cryptocurrency but prohibits its use as a means of payment. Russian Crypto Bill Signed Into Law Russian President ...

What is ‘LBCOIN,’ the new Lithuanian state-backed cryptocurrency?

July 24th, 2020 (0)
The ongoing COVID-19 pandemic has accelerated the development of digital currencies by central banks in a bid to encourage people to turn to cashless payments. One such project is being led by Lithuania’s Central Bank, which will open a ...

China takes battle for cryptocurrency hegemony to new stage

June 16th, 2020 (0)
Global competition for supremacy in digital currencies has entered a new phase with China’s creation of an East Asia cryptocurrency scheme and American social media company Facebook adjusting its Libra plan in line with the stance of U.S. regulators. ...

Facebook’s Libra cryptocurrency gets revamp in response to backlash

April 22nd, 2020 (0)
Facebook’s planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp it hopes will win regulatory approval. The prospect of Facebook’s 2.5 billion users adopting Libra has led to intense ...

Cryptocurrency value rises over $14 billion in 24 hours as bitcoin rallies 10%

March 24th, 2020 (0)
Cryptocurrency prices rallied on Tuesday even as equity markets continue to come under pressure due to coronavirus fears weighing on investors’ sentiment. Bitcoin was up over 10% from 24 hours previously, trading at $6,569.17 at around 11:57 a.m. Singapore ...

Facebook ‘rethinks’ plans for Libra cryptocurrency

March 5th, 2020 (0)
Facebook is reportedly rethinking its plans for its own digital currency after resistance from regulators. It is now considering a system with digital versions of established currencies, including the dollar and the Euro, according to Bloomberg and tech site ...

The world’s most-used cryptocurrency isn’t Bitcoin

October 4th, 2019 (0)
What’s the world’s most widely used cryptocurrency? If you think it’s Bitcoin, which accounts for about 70% of all the digital-asset world’s market value, you’re probably wrong. While concrete figures on trading volumes are hard to come by in ...

Raid on Chinese-manned firm exposes cryptocurrency scam

September 17th, 2019 (0)
Philippines local authorities acting on a tip from the Chinese government have uncovered what could be a growing online investment scam hiding behind a fledgling industry based in one of the country’s special economic zones. This was after government ...
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