Day: October 3, 2019

Major Banks to US Federal Reserve: Libra Is a Potential Threat to Sovereignty

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The US Federal Reserve, the country’s central banking entity, recently called up the nation’s biggest banks to present their views regarding the launch of Facebook’s digital currency project Libra. Not surprisingly, most of them turned out to be negative and some even said that it could be a potential threat to monetary sovereignty. The representatives of the banks asserted, as it is showed by the Federal Advisory Council protocols: “Facebook is potentially creating a digital monetary ecosystem outside of sanctioned financial markets — or a ‘shadow banking’ system. As consumers…

Central Bank Digital Currency Is ‘Inevitable,’ says the Fed’s Patrick Harker

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Patrick Harker, president of the Federal Reserve Bank of Philadelphia, is confident that central bank digital currencies are inevitable. As Reuters reported on Oct. 2, Harker expressed the idea that central banks — including the Federal Reserve — will inevitably release digital currencies.  Still, Harker believes that the United States should not lead the way, given the dollar’s role as the world’s reserve currency and the need to test out new technologies. He stated at a community banking conference in regard to central bank digital currencies: “It is inevitable… I…

HitBTC Claims Startup Faked Balances as it Denies Freezing $20M Worth of Crypto

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Cryptocurrency exchange HitBTC has denied allegations that it froze Brazillian investment startup Atlas Quantum’s funds, claiming the evidence is forged. Atlas Quantum claims the exchange froze $20.7M In a Twitter argument which began on Oct. 2, the exchange said it had no record of blocking the accounts of Atlas Quantum.  The latter had alleged in a video on Sept. 18 that HitBTC froze 1,862 BTC ($15.3 million) and over $5.4 million in stablecoin Tether (USDT) in its account. HitBTC then responded to the tweet continuing the complaint this week, which…

Japan’s Kanto Region to Track Surplus Solar Energy with Power Ledger

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Australian tech firm Power Ledger will run another blockchain-enabled energy trading trial in Japan’s Kanto region by December 2019. In order to launch its second trial in Japan, Power Ledger teamed up with Japanese solar provider Sharing Energy and electricity retailer eRex, the firm stated in a press release shared with Cointelegraph on Oct. 3. Main region of Japan’s economy The new Power Ledger’s trial will track surplus solar energy levels and electricity trading, integrating blockchain-enabled P2P platform with household smart meter systems in the Kanto region.  With Japan’s capital…

ICO raids business suspected of illegal pension cold calls

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The Information Commissioner’s Office (ICO) searched a business premises in Chichester today as part of an investigation into the making of nuisance calls related to pensions. A change in the law earlier this year made cold calls about pensions illegal in certain circumstances. David Clancy, ICO Enforcement Group Manager, said: “The law now offers greater protection for people troubled by cold calls about their hard-earned pensions. This includes a ban on certain types of calls being made in relation to pensions. “Today’s search and our investigation should serve as a…

Pantera Capital Leads $5M Seed Round of Decentralized Derivatives Startup

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Pantera Capital has led a $5 million strategic seed round of decentralized derivatives protocol Vega. According to the announcement published on Oct. 3, the round included participants such as Ripple’s investment arm Xpring, Hashed, NGC Ventures, gumi Cryptos Capital, Rockaway Blockchain, KR1, Eden Block, Focus Labs, Greenfield One, Monday Capital, RSK Ecosystem Fund, alongside a group of unnamed private investors. Against “profiteering, monitoring, and control” by privileged actors Per the announcement, Vega is currently focused on designing and implementing its core protocol for secure and non-custodial decentralized margin trading.  The…

Dama Financial and Helix TCS Establish First Blockchain-Fueled, Complaint Cannabis Marketplace

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About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News…

Coinbase’s Chief Legal Counsel Tackles Crypto Ratings Concerns

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Brian Brooks, the chief legal counsel at major United States digital wallet and exchange Coinbase, has responded to concerns that conflicts of interest could compromise the company’s newly-created Crypto Ratings Council. In an interview with crypto media outlet The Block on Oct. 3, Brooks addressed concerns that the Council’s compliance guidance might be affected by the private stakes of those involved. “Not legal advice” Coinbase has previously clarified that the evaluations produced by the Council are designed to serve as a “scalable, points-based rating system,” drawing upon yes-no questions formulated…

Bitcoin Price & Technical Analysis: BTC Volatility Back To Normal

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Photo: Shutterstock By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. BTC/USD Tech Analysis BTC demonstrates the worst result of all cryptocurrencies this week Bank of Canada thinks the BTC to be inefficient On W1, the Bitcoin quotations have escaped the Triangle and keep declining inside the correction channel. Now, the quotations are between 50.0% and 61.8% ($7350.00) Fibo and may continue declining to 76.0% ($5860.00). A breakaway of the resistance level at $9850.00 may signal the end of the correction and the beginning of new growth to $13857.20. Upon the renewal…

Mt. Gox Trustee Contacts US DOJ in Connection with Vinnik Investigation

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Nobuaki Kobayashi, trustee of the now-defunct Bitcoin (BTC) exchange Mt. Gox, has contacted the United States Department of Justice (DOJ) in search of information about Alexander Vinnik, the alleged former operator of BTC-e. News of Kobayashi’s pursuit of information from the DOJ were revealed in a statement from his office on Oct. 1. Kobayashi reaches out to DOJ According to the statement from Kobayashi’s office, as part of the ongoing bankruptcy proceedings for Mt. Gox, the trustee “has been conducting investigations into whether any BTC or fiat money has disappeared”…