Facebook’s Libra Triggers US & UK Alarms; Will Bitcoin Take a Beating?

On CNBC’s Squawk Box, Philip Hammond, the Chancellor of the Exchequer and a senior official within the government of the U.K., said that Libra, a crypto asset developed by a consortium of companies including Facebook, poses a risk to the global financial system. Hammond’s caution towards Libra comes after U.S. President Donald Trump and France’s […]

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Crypto Trader Screams Bullish Green Bitcoin Price in July

Bitcoin is having a mixed July so far. The price of the flagship cryptocurrency has hit a slump of late after beginning the month on a solid footing thanks to President Trump’s latest tirade and the aspersions being cast on Facebook’s Libra cryptocurrency. But despite the recent dip in bitcoin prices, one trader still believes […]

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NYC Students Rejoice as Hackers Extort College for $2 Million in Bitcoin

Hackers have successfully breached the network of the New York City-based Monroe College, demanding $2 million in Bitcoin to restore the institution’s encrypted data following a carefully-orchestrated ransomware attack. But while school administrators scramble to address the crisis, students are rejoicing at their unexpected luck. Hackers demand millions in Bitcoin The college – which has […]

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John McAfee Exposed His Social Security Number to the Entire Internet

“Cybersecurity expert” and noted crypto pumper John McAfee accidentally revealed his Social Security Number this morning, tweeting out some documents that contained the information. CCN has determined it would be unethical to post a screenshot since the anti-virus pioneer has already deleted the tweets, but we retained the link. McAfee later tweeted the same documents, […]

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Maxine Waters Uses Federal Reserve Review to Attack Facebook

After grilling Federal Reserve Chairman Jerome Powell on Capitol Hill about his agency’s response to Facebook’s Libra “cryptocurrency,” US Representative Maxine Waters finished her questioning by asking the central banker what he would do if Donald Trump “fired” him. Federal Reserve Chair on Resigning: “I Wouldn’t Do That” The California Democrat started and ended her […]

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Bitcoin Is the Surprising Key to Britain’s Post-Brexit Future: DeVere

The United Kingdom should deliberately position itself as a Bitcoin-friendly country alongside Switzerland and Japan to boost the economy of the nation that has been damaged by Brexit. That’s the opinion of Nigel Green, the CEO of deVere Group, a major independent wealth advisory firm with $12 billion under advisement. Embracing crypto to boost the […]

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Tron HQ Swarmed by Police & Protesters in Wake of Justin Sun Scam Claims

Video footage has emerged of police surrounding the office of TRON HQ in Beijing as the fallout from the recent $30 million “Wave Field” scam continues. Initial rumors suggested authorities were “raiding” TRON’s offices following allegations of TRON founder Justin Sun’s alleged culpability in the scam. However, that notion was quickly dismissed by Sun, and […]

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The Ethereum Killer Is Already Here – And Its Name Is Binance

Quietly, subtly, and without contest, Ethereum is currently under a sustained attack that has been ongoing for months. Long considered the king of the dApps, Ethereum is the one that other blockchain platforms seek to dethrone in their own attempts at ascension. Hence the well-known term – Ethereum Killer – which is often self-applied by […]

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Ripple Pledges $500 Million to ‘Create Real Use Cases for XRP’

In under 12 months, according to Ethan Beard, an executive at Xpring, an initiative created to improve the Ripple ecosystem and create use cases around XRP, Ripple has committed more than $500 million. In the upcoming months, Beard stated that Xpring will invest in various open source protocols, developer projects, and large scale partnerships related […]

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IMF Says Central Bank-Backed Crypto ‘Could Become Reality’

In its latest report entitled “Five Facts on Fintech,” the International Monetary Fund (IMF) said that based on its research, countries generally foresee the emergence of crypto assets backed by central banks. The study, which surveyed central banks, finance ministries, and other government agencies in 189 countries, explicitly stated that central bank-backed crypto assets are […]

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