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Posts Tagged ‘Caution’

US Senators Directly Caution Visa, Mastercard On Libra After PayPal Exit

Facebook Libra backers Visa, Mastercard and Stripe have received a direct warning from US politicians about their involvement with the project. Senators: ‘You Should Be Concerned’ In a strongly-worded letter quoted by Bloomberg on October 9, two senators warned the three payment firms about compliance risks of Libra, Facebook’s unlaunched digital currency. Its authors were…

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Indian Gov’t to Approach Crypto Regulation ‘With Due Caution’

The Indian government is approaching cryptocurrency regulation with caution, tech magazine Quartz reported Dec. 31, quoting Pon Radhakrishnan, the Minister of State in the Ministry of Finance and Ministry of Shipping. The latest episode in India’s increasingly drawn-out path to formalizing its domestic cryptocurrency economy, Radhakrishnan said that the lack of a “globally acceptable solution”…

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Central Bank, Gov’t Caution Public Over Fake Cryptocurrency Schemes

Multiple Chinese authorities issued a stark warning about illegal fundraising attempts claiming affiliation with the cryptocurrency industry in a bulletin Friday, August 24. Sounding the alarm on “lawless entities” attempting to amass funds “using the banner of ‘financial innovation’ and ‘blockchain’” and distributing “so-called ‘virtual currency,’ ‘virtual assets’ and ‘digital assets,’” the document urges the…

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Crashes And Failed Payments: Peter Todd Urges Caution Over Lightning Network

Wilma Woo · February 27, 2018 · 11:30 am Bitcoin Core developer Peter Todd has delivered a frank appraisal of the Lightning Network, suggesting it is technically insufficient in its current form. Lightning’s Growing Pains Writing about his “initial impressions” of Lightning’s testnet implementation on Twitter Monday, Todd questioned aspects including operational resilience and programming…

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Bitcoin Price Battles $10,000 Resistance as Analysts Urge Caution

Wilma Woo · February 15, 2018 · 6:30 am Bitcoin price gained 12% in the 24 hours through Thursday to approach $10,000 once again, but analysts warn of strong resistance. Big Targets And ‘Secular Bull Markets’ As Bitcoin added almost 40% in February from lows of under $6000 in some markets, Max Keiser led cautious…

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