G7 Task Force Releases Full Report on Impact of Global Stablecoins

A G7 task force believes that stablecoins could present a significant risk to the global financial stability, but also present an opportunity to update payment systems. A G7 task force reports that stablecoins, such as Facebook’s Libra, present significant risk to the global financial system but also have potential in the field of payments. Doubling down on regulations On Oct. 18, in a report requested by the G7 Finance Ministers and central bank Governors, the relevant task force confirmed that the group of the seven wealthiest nations would not allow…

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Alleged Las Vegas Scammer Charged for $11 Million Crypto Binary Options Ponzi

A Las Vegas man is charged with raising at least $11 million from cryptocurrency investors he promised to trade binary options for, and make gains of up to 300%. According to the charges the money was sent from new clients to previous ones in a classic Ponzi scheme manner. Also Read: Binance to Add Bitcoin Cash to Its Decentralized Exchange CFTC Charges Las Vegas Man in $11 Million Fraud The U.S. Commodity Futures Trading Commission (CFTC) has announced it has filed a civil enforcement action in the U.S. District Court…

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Nearly 75% of German Consumers Would Reject Facebook’s Libra: Survey

Nearly 75 percent of German consumers would not use Facebook’s Libra stablecoin as a means of payment at home or abroad. Almost three-quarters of German consumers would not use Facebook’s planned digital currency, Libra, according to a recent poll. Only 27 percent considers using Libra On Oct. 17, Cointelegraph auf Deutsch reported that out of 2000 questioned Germans, aged 16 and over, only 27 percent would ever consider using Facebook’s Libra stablecoin as a means of payment at home or abroad. The poll was conducted on behalf of the Wirtschaftswoche…

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Hackers Use Malicious Code in WAV Audio Files To Mine Cryptocurrencies

BlackBerry Cylance researchers discover malicious code in WAV audio files that hackers use to mine cryptocurrencies. Threat researchers have discovered malicious code in WAV audio files, code that hackers use to mine cryptocurrencies. Hackers earn thousand of dollars per month On Oct. 16, researchers at BlackBerry Cylance, a software company that develops anti-virus programs, reported the discovery of malicious code hidden within WAV audio files. This type of malware campaign, where hackers conceal malware codes in ordinary-looking files, is known as steganography. The analysis showed that some of the WAV…

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Bitpanda Launches Quick Payment Service for Fiat Settlement

Viennese cryptocurrency exchange Bitpanda has launched Bitpanda Pay, a service designed to let users transfer funds directly from their Bitpanda accounts into EU bank accounts and to pay their bills. Announced in an official blog post on October 16, 2019, the new service lets customers send funds from their exchange accounts to any International Bank Account Number (IBAN), the standard numbering system for bank accounts in Europe. With Bitpanda Pay, users can also settle their bills in fiat and send money to others.  Bitpanda Pay is run by Bitpanda Payments,…

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Cointelegraph Blocked in Russia

Russian regulator Roskomnadzor institutes a block on Cointelegraph’s website in the Russian Federation. Cointelegraph’s website has become widely inaccessible in Russia as authorities added the domain to a registry of blacklisted sites. The blacklist Although Cointelegraph has been publicly on a list of blocked sites since 2017, it was only yesterday, October 16, that the Russian Federal Service for Supervision of Communications, Information Technology and Mass Media, more commonly known as Roskomnadzor, implemented the block on a technical level.  The developer of a popular Russian anti-censorship browser extension, who wishes…

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Bitcoin Price Hovers Above $8,000 While XRP Jumps 5% on the Day

Bitcoin is hovering above the $8,000 price mark while most altcoins report positive gains, with XRP seeing growth greater than 5% on the day. Thursday, Oct. 17 — Bitcoin (BTC) is hovering just above the $8,000 price mark, while XRP shows impressive gains on the day. Cryptocurrency market daily overview. Source: Coin360 For most of the day, the world’s largest cryptocurrency has been trading within a tight range between $8,000 and $8,100. BTC traded from an intraday low of around $8,010 up to $8,135 before hitting its current trading price of…

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US Senator Finds Negative Reactions to Facebook’s Libra ‘Puzzling’

United States Senator Mike Rounds expresses his support for Facebook’s Libra coin in a letter sent to Libra Association member Anchorage Trust company. United States Senator Mike Rounds expresses his support for Facebook’s Libra coin in a letter sent to Libra Association member Anchorage Trust company. United States payment systems in its infancy On Oct. 17, U.S. Senator Mike Rounds wrote to Nathan McCauley, president of crypto custodian company Anchorage Trust, where he expressed his concerns that other parts of the world are “dwarfing” the United States in innovative payment…

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Qtum’s First-Ever Hard Fork Qtum 2.0 Is Now Active

Qtum has gone though its first-ever hard fork today, unlocking major significant network improvements. Major Proof-of-Stake (PoS) blockchain Qtum has gone through its first-ever hard fork today, updating the network to Qtum 2.0. Major network upgrade Qtum blockchain has had its first hard fork as scheduled, Qtum Official tweeted on Oct. 17. The hard fork happened at block 466,000, upgrading the Qtum network to unlock a number of significant features such as smart contract and block spacing improvements, as previously announced by the firm. According to Qtum blockchain explorer Qtum…

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SLP Token Ecosystem Built on Bitcoin Cash Continues to Blossom

The Simple Ledger Protocol (SLP) has come a long way since its inception and more than 4,900 SLP tokens have been created to date. During the last few months, SLP usage has grown significantly with people constructing various types of unique ideas that create more use cases for these token concepts. Also read: SEC Commissioner Speaks Positively About Digital Assets Despite Recent Enforcement Flurry Close to 5,000 SLP Tokens Created and Dividend Payments Lots of individuals have been creating SLP tokens on the Bitcoin Cash (BCH) blockchain. Using the SLP…

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