After Congress’s public thrashing of Facebook’s Libra project and all things crypto, it was only a matter of time before a few Congressmen would bandy together to propose a “news catching” or “click bait” type of response, as a way to counter to this somewhat overblown threat. In a letter to Federal Reserve Chairman Jerome…
Read moreFinancial institutions may not agree on when the cryptocurrency industry will mature enough and not be a threat to them, but employees may choose to launch their own currencies, nevertheless. The latest currency was created by former employees at JP Morgan, Intel and TrustToken. The cryptocurrency is actually a stablecoin pegged to the USD and…
Read more
Facebook's ambitious cryptocurrency venture, Libra, has financial regulators around the world on their feet and thinking how a tech company's digital currency rival with national fiat ones, established monetary policies and even national security. All of these concerns and many more have now caused the launch of Libra to get delayed, most likely up until…
Read more
Congressional hearings a while back raised serious issues regarding blockchain technology and the potential for abuse by the criminal element in our society. These words may have taken on a softer tone than what several congressmen and government officials, including President Trump, had said about cryptos and the distributed ledger technologies that rely upon blockchain…
Read more
Mysteries can be fun or evil, but you never get to pick beforehand. Bitcoin and altcoin hodlers are in shock. Their favorite digital assets have suddenly cratered for no oddly apparent reason, leaving everyone groping for the truth about who bombed the crypto train? Bitcoin had been coasting along at $10,000, only to plummet to…
Read more
GMEX Technologies Ltd. has just launched the latest release of its GMEX Fusion Digital Capital Markets technology suite, built on IBM (NYSE: IBM) Blockchain Platform. This technical advancement empowers institutional investors with a hybrid solution and will support multiple digital assets, including cryptocurrencies, security tokens, and more. GMEX Fusion is designed to support multi-cryptocurrency transactions…
Read more
The Libra “coals” are heating up again. The Bank for International Settlements (BIS), the central bank for all other central banks, is concerned about the Libra Project. At its behest, it has arranged for a major meeting to take place between representatives from Facebook’s Libra executive team and officials from 26 central banks across the…
Read more
The crypto financial press has been inundated with recent articles discussing Bitcoin dominance and how it might be sounding the death knell for Altcoins. An Altcoin death narrative seems a bit extreme a position to take at this juncture in the crypto evolutionary cycle, but authors are speaking in terms like “survival of the fittest”…
Read more
The buzz around Facebook's Libra stablecoin is gone off through the roof, as some might say. The truth is that the cryptocurrency project undertaken by Facebook has shaken regulatory bodies around the world so "violently" that they cannot simply decide if Libra is a huge opportunity or huge threat. However, there are certain details around…
Read more
Asia-based digital assets custodian Hex Trust announced earlier today that it has selected TradAir to provide clients with the ability to trade digital assets directly from the Hex Safe custody platform. Hex Trust bridges the gap between traditional custody and the digital asset world. Hex Trust now extends trading capabilities to its users, deploying TradAir’s…
Read more