Bitfinex Attempts to Recover $880 Million in New Court Filing
IFinex, the parent company of major cryptocurrency exchange Bitfinex filed a discovery application to regain access to $880 million in funds. Discovery is a law allowing each party to obtain evidence from the other party or parties through the law of civil procedure before the actual trial.
Roger Ver's Bitcoin.com acquires Japanese blockchain development startup O3 Labs
Bitcoin.com, the firm backed by cryptocurrency investor Roger Ver, today announced that it has acquired Japanese blockchain development startup O3 Labs. The two firms did not disclose the price of the acquisition.
Facebook open to currency-pegged stablecoins for Libra project
Facebook Inc (FB.O), facing growing skepticism about its digital currency project Libra, on Sunday said the initiative could use cryptocurrencies based on national currencies such as the dollar, instead of the synthetic one it initially proposed.
Bitfinex Files for Subpoena in Bid to Recover $880 Million in Frozen Funds
Bitfinex has applied to a U.S. court to subpoena a former banking executive of a trust company that the crypto exchange believes can help it recover over $850 million in frozen funds.
Telegram Writes Investors to Counter FUD Before Feb. SEC Hearings
In a letter to investors, Telegram encouraged investors to view the United States Securities and Exchange Commission (SEC) hearing recently rescheduled for February as “a positive step.”
Ethereum Name Service Adds Infrastructure for Multi-Currency Support
On October 16, the Ethereum Name Service (ENS) announced multi-currency support and integration with 15 platforms and wallets. The fusion will provide users with the ability to use a single ENS name across a wide spectrum of crypto applications alongside leveraging a variety of digital assets.
New HTC Exodus Able To Run Full Bitcoin Node
Now up for sale, Taiwanese electronics giant HTC has released a new mobile phone tailored with a hardware wallet to hold certain cryptocurrency assets, including bitcoin. Most notably, unlike its predecessor, the Exodus 1, HTC’s Exodus 1s is capable of holding the entire bitcoin ledger.
Bittrex International Halts Service in Venezuela and 30 More Countries
Bittrex International, Malta-based international unit of United States’ crypto exchange Bittrex, will cease operations in Venezuela and 30 other countries.
Crypto-jackers now using fake WordPress plug-ins to mine cryptocurrencies
Cryptojacking softwares have become a nuisance lately and the main issue that concerns many is that they are getting sophisticated with every passing year, making it quite difficult to track them. According to a new report by the security company Sucuri, scammers are using fake WordPress plug-ins to gain access to victim’s computers to mine cryptocurrencies.
Nick Szabo thinks Ethereum becoming a centralised cult
Ethereum is gradually turning itself into the so-called “centralised cult”, as many companies choose it solely because of the features of the blockchain, not paying attention to the lack of complete anonymity claims cryptanalyst Nick Szabo.
Brazil Opens A Formal Inquiry Into The Country’s Rampant Cryptocurrency Scams
Brazilian Congressman Aureo Ribeiro, author of a bill that purports to regulate the Brazilian crypto market, requested the opening of a Parliamentary Inquiry Commission (PCI) to investigate crypto-related fraud in Brazil.
Facebook’s Libra Just Got Its First Major Supporter in Congress
Sen. Mike Rounds (R-S.D.) wrote a letter to Libra Association member Anchorage, a South Dakota-based trust company, endorsing the Facebook-led project and citing it as an example of a technological advance he feels is needed to aid U.S. consumers.
Local Cryptocurrency To See Launch For Ise-Shima Region In Japan
Both Mitsubishi Research Institute (MRI) and an Osaka-based railway firm are now issuing a local cryptocurrency for use in a popular tourist area in Japan’s Mie Prefecture.
Bitcoin has failed as a means of payment or store of value: G7 report
Cryptocurrencies, including bitcoin, have so far failed to provide a "reliable and attractive" means of payment or store of value, according to a report from the Group of Seven (G7) nations.
Babylon upgrade set to activate on Tezos
Tomorrow will mark yet another milestone for the self-amending blockchain Tezos where it will experience an upgrade from its governance mechanism. The activation will mark the third on-chain update for the protocol. For the proposed changes to be included, the proposal, Babylon 2.0, needed the support of at least 74.7% of the participants in the network, where 84.53% voted in favor.
Luxury Car Manufacturer Begins Accepting Bitcoin for Vehicle Sales
California-based luxury electric car manufacturer Karma Automotive has begun accepting digital currency as a means of payment at one of its stores in Newport Beach.
Bitfinex launches a loyalty program, offering users to earn ‘unlimited’ commissions
Cryptocurrency exchange Bitfinex has just launched a new loyalty program, claiming to offer users an opportunity to earn “unlimited” commissions.
Supreme Court of India Postpones Cryptocurrency Ban Hearing to November
The Supreme Court of India has postponed a hearing that would consider the Reserve Bank of India’s (RBI) ban on providing services to cryptocurrency-related business.
Top Fed Official Says US Central Bank ‘Actively’ Debating Digital Dollar
A top Federal Reserve official said Wednesday that the U.S. central bank is “actively looking at and debating” issuance of a digital currency, amid growing worries among current and former regulators that the dollar might be at risk of losing its status as the world’s reserve currency.
French Central Banker: The World Needs to Standardize Crypto Regulations
A French central banker is calling for a global regulatory framework on crypto assets.