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Posts Tagged ‘Report’

Stablecoin Crisis Could Wreck Global Finance, Fed Warns in New Report

The U.S. Federal Reserve Board on Friday warned that a stablecoin crisis could wreak havoc on the global economy and outlined the steps issuers must take to protect the status quo.  The central bank’s prognosis – buried deep in the November edition of its semiannual “Financial Stability Report” – rests on a stablecoin worst case…

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Malaysia to Impose Cash Transaction Limit of $6K in 2020: Report

Malaysia is planning to impose a $6,000 limit on cash transactions in 2020, according to a deputy governor at the country’s central bank. The new restrictions aim to prevent the use of cash in illicit activities, and won’t affect regulated financial institutions or other entities transacting for humanitarian aid purposes. The average Malaysian household spends…

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First-Time Bitcoin Buyers ‘Doubled’ in Square’s Q3 Report

Square processed $148 million in bitcoin sales in the third quarter of 2019. The payments company, founded by Twitter co-founder Jack Dorsey, released its earnings results on Wednesday, reporting revenues of $1.27 billion between July 1 and Sept. 30 of this year. Though Square’s crypto business remains a niche concern for the publicly traded company,…

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Bitcoin Mining is Not Banned in China: Report

All bitcoin and crypto market bullishness is emanating from China at the moment. One industry insider has just revealed that, contrary to earlier reports, China will not be banning bitcoin mining. No Bitcoin Mining Ban in China Within the past hour or so Chinese industry insider and Primitive Crypto founding partner, Dovey Wan, posted an…

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Crypto Exchanges Employ Over 40% of Industry Resources: Report

The crypto industry has evolved so much over the past couple of years despite the prices of many tokens still wallowing at the bottom of the digital pond. There are now a lot more people working in the industry and recent research indicates that crypto exchanges are dominating in terms of employees. Over 40% Work…

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Crypto ‘Sextortionists’ Turn to Litecoin to Avoid Detection: Report

Litecoin (LTC) and other alts are becoming increasingly prevalent among crypto “sextortionists” since they allow to avoid detection more easily, a new research says. According to cybersecurity firm Cofense’s new report published on Oct. 8, malicious actors are gradually starting to shift their focus from Bitcoin (BTC) to specifically avoid detection by specialized email filters.…

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US House Committee Pressuring Zuckerberg to Testify on Libra: Report

Facebook CEO Mark Zuckerberg is facing pressure to testify before U.S. lawmakers on the firm’s cryptocurrency project Libra. According to a report from The Information on Friday, Sheryl Sandberg, chief operating officer of the social media giant, was invited to testify before the U.S. House of Representatives Financial Services Committee on Oct. 29 concerning the new…

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PayPal Might Withdraw From Libra Association: Report

One of the founding Libra Association members may be on the verge of pulling out. The Financial Times reported Thursday that payments firm PayPal is considering leaving the Facebook-initiated crypto project due in part to the regulatory backlash Libra has received in recent months. According to the Financial Times, PayPal representatives did not attend a…

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New Spyware Replaces Crypto Wallets on Clipboard via Telegram: Report

Amerian Internet infrastructure firm Juniper Networks has found a new spyware that uses Telegram app to replace crypto addresses with its own. Masad Clipper and Stealer Juniper Threat Labs, a threat intelligence portal at Juniper Networks (NYSE: JNPR), discovered a new Trojan-delivered malware implementing major global messaging app Telegram to exfiltrate stolen information, according to…

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Facebook Reveals Libra Crypto’s Currency Basket Breakdown: Report

Facebook has reportedly revealed the percentage breakdown of a basket of global currencies that will underpin its Libra cryptocurrency. While it’s already known that 50 percent of the basket will be on the U.S. dollar, the German newspaper Der Spiegel said in a report on Friday that the remaining portion will consist of the euro, the yen, the British…

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