Day: February 24, 2020

Crypto News Roundup for Feb. 24, 2020

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Central Banks May Lose Payments Race to Tech Companies

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Bank of England (BoE) chief cashier Sarah John has expressed opinions favoring state-issued digital currencies, according to a Feb. 22 article published by The Telegraph. She urged other central banks to consider developing central bank cryptocurrencies in response to recent moves from private companies’ in the digital payments sector. John stated that it is “really important” to consider that central banks think about” central bank digital currencies [CBDCs] “as an option” in responding to major tech companies’ efforts to develop stablecoins. The BoE official warned that inaction may result in…

Fidelity & Robinhood Glitch as Panic-Stricken Investors Flee Stock Market

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Fidelity’s website and the Robinhood app crashed for some users Monday, while panicky investors fled a stock market with inflated multiples. DownDetector reported a surge in problem reports for these stock trading platforms. The Dow Jones plummeted 3% at the opening bell. Meanwhile, the Washington Post started a wild YouTube live stream that lets you watch the DJI stock ticker go down. Stock trading platforms like Fidelity and Robinhood suffered a bout of unwelcome problems on Monday. Panicky investors logged in to find they couldn’t run from a plunging stock…

Bitcoin SV Founder Craig Wright ‘Is a Fraud’

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Changpeng Zhao, the co-founder and CEO of major cryptocurrency exchange Binance publicly expressed distrust towards self-proclaimed Bitcoin (BTC) creator and Bitcoin SV (BSV) founder Craig Wright. In a tweet published on Feb. 24, Zhao explicitly said that Craig Wright “is a fraud.” He also seemingly recommended not to invest in Bitcoin SV: “Investing in a fraud never ends well.” In April 2019, Zhao’s exchange delisted Bitcoin SV after Wright took legal action against a Twitter user that said he is not Satoshi Nakamoto. The exchange cited “evidence of unethical/fraudulent conduct”…

G20 Urges Countries to Adopt Tough FATF Rules on Cryptocurrencies

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Finance ministers and central bankers from the G20 are pushing for wider adoption of standards that compel cryptocurrency exchanges to disclose user information. Following a summit in the Saudi-Arabian capital Riyadh over the weekend, representatives from G20 financial institutions pressed countries that have not done so already to align themselves with global cryptocurrency standards from the intergovernmental organization, the Financial Action Task Force (FATF). “We urge countries to implement the recently adopted Financial Action Task Force (FATF) standards on virtual assets and related providers,” reads a joint-communique published after the…

Blame Blizzard’s Screw Up for Warcraft 3 Pro’s Unexpected Defeat

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DreamHack Anaheim 2020 Warcraft 3 Open Cup took place this past weekend. A bevy of games were plagued by performance problems. Pro player ThorZaIN saw his chances of reaching the semi-finals thwarted by multiple disconnection issues. Last weekend’s DreamHack Anaheim 2020 Open Cup drew in the best and brightest Warcraft III layers. Among them, Swedish player Marcus ‘ThorZaIN’ Eklöf. On the cusp of potentially securing an arguable career highlight, the Warcraft 3 pro saw his hopes dashed by performance issues. Disconnection Issues Rob Warcraft 3 Pro of Career-Defining Win Having…

Blame Blizzard’s Screw Up for Warcraft 3 Pro’s Unexpected Defeat

boss

DreamHack Anaheim 2020 Warcraft 3 Open Cup took place this past weekend. A bevy of games were plagued by performance problems. Pro player ThorZaIN saw his chances of reaching the semi-finals thwarted by multiple disconnection issues. Last weekend’s DreamHack Anaheim 2020 Open Cup drew in the best and brightest Warcraft III layers. Among them, Swedish player Marcus ‘ThorZaIN’ Eklöf. On the cusp of potentially securing an arguable career highlight, the Warcraft 3 pro saw his hopes dashed by performance issues. Disconnection Issues Rob Warcraft 3 Pro of Career-Defining Win Having…

Blockchain Pioneer Caitlin Long to Build Crypto Bank in Wyoming

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The U.S. may soon get its first dedicated bank for digital assets. A Wyoming corporation founded by blockchain legislative champion and Wall Street veteran Caitlin Long is preparing to apply for a special purpose depository institution (SPDI) charter with the state’s division of banking. The future bank is called Avanti, which means “forward” in Italian, and will be focused solely on providing regulated services for digital assets, Long announced Monday. The company, formed on Jan. 6, has already raised $1 million in seed funding. Avanti will provide payment, custody, securities…

5 Economic Indicators That Could Rock the U.S. Stock Market This Week

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Market participants continued to keep a close eye on the coronavirus epidemic and the presidential election campaign. In addition, there are five key economic indicators that can determine the fate of the stock market this week. Except for durable goods orders, the other four indicators are likely to push the stock markets higher this week. The stock market continues to respond to the latest developments on the COVID-19 (coronavirus) epidemic. While the virus is largely contained in the United States with only 34 cases, new cases have skyrocketed in other…

Exiled Billionaire Says China Is Burning 1,200 Bodies a Day

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Evidence suggesting the Chinese government is hiding the true extent of the coronavirus outbreak is mounting. Exiled Chinese billionaire Guo Wengui says that the government is cremating 1,200 corpses a day in Wuhan alone. Guo claims the government will install as many as 1.4 million portable incinerators across China to cremate coronavirus victims. Official data indicate that the Communist Party of China (CPC) has successfully contained the coronavirus outbreak. But evidence suggesting that the CPC is lying keeps mounting. Even the CDC now believes China is severely underreporting the data.…