The US Securities and Exchange Commission (SEC) is increasingly seeing "flagrant violations" of law by cryptocurrency market participants. This was stated by head of the department Jay Clayton, reports Bloomberg Law. Speaking at a financial technology conference in Washington, Clayton said that the crypto community has made tangible progress in understanding how securities laws can be applied to digital […]
Author: BlockchainJournal
The day before the Senate hearing, Mark Zuckerberg published his testimony in which he spoke about his vision of the Facebook Libra project , which provoked a sharp negative reaction from US lawmakers and regulators, CoinDesk reports. The current financial system does not support innovation The main point of the testimony of the CEO of Facebook is the assurance that the Libra project will not be implemented until it is fully approved by US national regulators. In his speech to the Committee on Financial Services of the US House of Representatives, Zuckerberg notes that the Libra project is aimed primarily…
According to a new study by The Block, almost half of the people (7,700 people) involved in the blockchain industry are employees of 30 crypto exchanges. The study analyzed 158 companies. About 42% of all people associated with the crypto industry are employees of digital asset trading platforms, about 11% work for companies that develop mining equipment, about 10% participate in the development of crypto projects, in particular Ripple, IOHK , Block.One, TRON. The leaders in hiring employees are companies such as Bitmain (1,500 people), Huobi (1,300), Coinbase (1,000), OKEx (950), Binance (650), Ripple (450). Analyst Larry Chermak noted that,…
The author of the bestselling book “Rich Dad, Poor Dad,” entrepreneur Robert Kiyosaki in an interview with Bloomberg, said that bitcoin “made a mess” in the US Federal Reserve. “I think it is extremely interesting. They [cryptocurrencies] took over the Fed, one of the most influential banks ever created. And they make a real mess there. It is as if he took upon himself […]
We have long been accustomed to manipulations in the cryptocurrency market. That's just usually behind them are large investors who seek to get additional profit. However, Donald Trump, along with the US government, unexpectedly became the main manipulator of recent years. How Trump brought Bitcoin down A sensational statement was made by Christopher Giancarlo, who previously served as head of the Commodity Derivatives Commission (CFTC). He told CoinDesk that the U.S. government set out to burst the Bitcoin bubble, which began to form in 2017. To achieve this goal, it was decided to launch bitcoin futures on the Chicago Mercantile…
Representatives of the world's largest crypto platform Binance reported that from October 25, the exchange begins to support the Blockstack project token – it will be placed under the STX ticker. In preparation for trading, the company has already opened accepting deposits, in the future, users will have access to the following trading pairs: STX / BNB, STX / BTC and STX / USDT. According to Blockstack, the STX token will also be open for trading on the Hashkey Pro platform, the activity of which is focused on institutional clients. The purchase and sale of the token will not be…
The volume of bitcoin futures on the Bakkt digital asset platform reached a new record high; at the time of writing, 452 contracts were sold. According to the Intercontinental Exchange (ICE), the Bakkt operator, the last recorded trading price was set at $ 7,400 for bitcoin . In November 2019, 441 contracts were sold, in December – 11 futures contracts, the last recorded trading price was $ 7,407. Twitter account Bakkt Volume Bot, which monitors activity on the platform in real time, said that by the end of the day the number of futures BTC-contracts will reach 1,089 BTC. EToro…
Facebook will cease membership in the Libra Association if a project to create the digital currency of the same name is launched without the consent of the regulator. The head of the world's largest social network, Mark Zuckerberg, said this on Wednesday, October 23, during a hearing in the US Congress. The hearing at the House of Representatives Financial Services Committee lasted several hours, during which Zuckerberg […]
The Binance cryptocurrency exchange announced the listing of Stacks (STX), the native token of the Blockstack project. STX trading in pairs with Bitcoin, USDT and BNB will start at 04:00 AM UTC on October 25, deposit acceptance is already open. #Binance Lists @Blockstack ($ STX) https://t.co/HjDGjHflFJ pic.twitter.com/lOXeImm0vL – Binance (@binance) October 23, 2019 As the exchange emphasizes, the listing price was 0 BNB. According to the information on the site […]
The G7 working group, focused on exploring the potential impact of stablecoins on the global economy, has released a new report . Among other things, it states that Bitcoin could not become a reliable repository of values or a means of exchange for its users. In this regard, the document focuses on the increasingly widely used stablecoins, which are virtual tokens designed to track the value of various traditional assets, such as the US dollar or gold. In a summary of the G7 report, the stylecoins are placed above other cryptocurrencies, including bitcoin: “Stalkcoins have many characteristics of crypto assets,…