The owner and head of the BKCM cryptocurrency investment boutique, Brian Kelly, has become one of those who see great prospects in the cryptocurrency market. In an interview with the American television channel CNBC, he said that the US authorities implicitly gave a signal that although they “scare” companies from participating in the project of the digital asset Libra from the social network Facebook, and also opposed the further implementation of the project of Gram tokens and the operation of the TON blockchain, nevertheless less with their other actions, they show that they have no fundamental claims to classical cryptocurrencies…
Author: BlockchainJournal
The cryptocurrency-oriented custodial service BitGo expands the list of services offered – institutional clients will have access to a wallet to store TRX funds. BitGo company for some time collaborated with the Tron crypto project in order to eventually present the first wallet designed for institutional users to store TRX – a new custodian solution will support multi-signature technology. Clients will be able to independently configure access to the wallet so that operations with assets that are located there can only be initiated if there are two or more keys. BitGo recalled that it has been successfully using multi-signatures since…
The growing momentum of large companies previously announced as partners of the Libra digital currency project from Facebook is directly related to their fears about the proposed project not meeting regulatory requirements. Such a statement in an interview with CNBC made US Treasury Secretary Stephen Mnuchin. Libra realized that they are not ready, that they are not up to par, says @ stevenmnuchin1 about […]
Litecoin turned 8 years old yesterday – Charlie Lee, the creator of the project, considered it necessary to dispel all doubts, fears, and uncertainty about the altcoin. Charlie Lee said on his Twitter blog that the Litecoin network has been stable for the past 8 years. During this time, many transactions were processed on the network, the total volume of which reached $ 500 billion. It's not near bankruptcy. Don't listen to stupid fud and lies. We have enough money to last 2 years. Charlie Lee [LTC⚡] (@SatoshiLite) October 14, 2019 In addition, Lee denied all allegations that the project…
The Bitcoin Fork Litecoin (LTC), also known as Digital Silver, celebrated its 8th birthday on Sunday, October 13th. One of the oldest cryptocurrencies in the space, today Litecoin takes the sixth place by capitalization in the CoinMarketCap rating. The network was launched on October 13, 2011, and this date is considered the official reference point for the history of LTC. The source code of the project is its creator Charlie Lee […]
A recent report from G7 suggests that global stablecoins can be dangerous to the stability of the financial system. The report describes many of the risks that are associated with the use of digital currencies. It even explains that even if the companies involved in Libra could manage to solve some minor regulatory problems, they would not be able to get permission from the main regulators. The document also notes that G7 believes that no stablecoin project should have the right to start its activities until certain problems with the supervision and management of the crypto industry are resolved, all…
This year, the price of Bitcoin (BTC) ranged from a minimum of just over $ 3,000 to a maximum of about $ 13,000. At the same time, the complexity of BTC mining , which measures the complexity of the calculations needed to mine new coins and create new network blocks, has been growing unprecedented. Bitcoin mining difficulty is adjusted approximately every two weeks to take into account the hashrate of new miners on the network. Despite the fact that the general trend has been upward almost since the creation of the network, short but significant failures happen. For example, in…
Bitcoin is still the preferred cryptocurrency for cybercriminals, Europol stated in the annual report “Assessing the threats of organized crime on the Internet” (IOCTA 2019). “Although we previously reported a slight shift towards more private cryptocurrencies such as Monero, bitcoin is still the currency of choice for both legal and criminal use,” the organization said. In previous IOCTA reports […]
Last week was remembered for dramatic events in the cryptocurrency space – $ 1.4 trillion was filed against Tether and Bitfinex for market manipulation, SEC accused Telegram of selling unregistered securities, five companies left the Libra project, US regulators presented a new guide for cryptocurrency investors in Russia proposed to introduce a single indicator of the value of bitcoin, and Ukraine plans to legalize cryptocurrency and mining by the end of 2019. Bitcoin out of danger zone With the course of bitcoin, everything is not so sad. The first cryptocurrency started the week below the level of $ 8.000, but…
After the PayPal payment service was the first to leave the Libra cryptocurrency project , many talked about the possibility of a “domino effect”. This is exactly what happened: Visa, MasterCard and eBay left the project. Libra Association breaks up In addition to these three giants, two more companies refused to participate in the Libra Association: the Latin American payment system Mercado Pago and the American developer of e-commerce solutions Stripe. Thus, together with PayPal, the Libra Association lost six significant members. The reasons for the departure of these companies will not have to go far. All of them did…