Just a week before the “Power Lunch” between Tron founder Justin Sun and crypto skeptic/billionaire Warren Buffett, Circle CEO Jeremy Allaire has been added to the guest list, making up one of the possible seven guests who will be attending.
What became abundantly clear during Facebook’s congressional hearings this week was that representatives on both sides of the floor were having none of Facebook asking for permission to launch Libra following its past “move fast and break stuff” mentality.
Acting similarly to a US-based stablecoin being backed by the US dollar, wrapped bitcoin, an Ethereum-based token backed by bitcoin and pegged to its value, has locked up 550 bitcoin in its protocol.
After a plaintiff sued a closed exchange for not returning their bitcoin, a judge in Hangzhou’s Internet Court in eastern China ruled that bitcoin should be thought of as virtual internet property and is therefore subject to China’s property laws.
The US Commodity Futures Trading Commission (CFTC) has launched an investigation into crypto exchange BitMEX for reportedly allowing US citizens to trade on the platform despite not being registered with the CFTC.
Zcash’s upcoming hard fork will produce a nearly identical codebase for a new blockchain, dubbed Ycash, which will act as a Zcash competitor.
Following Facebook’s back-to-back congressional hearings regarding the state of its Libra cryptocurrency project, “Libra” moved up to the third most searched topic on China’s web search giant Weibo.
Binance has found itself to be in the possession of $775,000 worth of Stellar tokens after unknowingly receiving dividends for validating transactions on the Stellar network since August 31, 2018. The crypto exchange announced it would distribute the found tokens to all Binance users holding at least 10 Stellar tokens on Saturday, July 20.
While financial chiefs around the world gathered to discuss the “serious difficulties” Facebook’s Libra cryptocurrency may cause, the summit was also swirling with rumors that Japan was leading the development of a government-backed international crypto payments system meant to help tackle money laundering issues.
Crypto analytics company Crypto Data Download has released a study showing that bitcoin’s price is most volatile from midnight to 1 a.m. UTC. The combination of North America logging off at the end of the day and Asia just getting started causes the perfect price fluctuation storm.