Facebook’s Libra Association Suffers Massive Setback as Major Members Flee

Facebook’s cryptocurrency ambitions through its Libra Association has just seen a massive setback. Specifically, a number of high-profile founding members has just left the Libra Association en masse. Libra Association in crisis as Mastercard, Visa, eBay and Stripe leave Around a week ago, Toshi Times first reported that PayPal was withdrawing from the Libra Association. … Continue reading Facebook’s Libra Association Suffers Massive Setback as Major Members Flee →

SWIFT Representative Calls Crypto “Useless and Unstable”

The Society for Worldwide Interbank Financial Telecommunications, SWIFT, recently had some harsh words for crypto. Specifically, representatives from SWIFT have reportedly said that crypto is “useless and unstable”. Nonetheless, this comes as crypto is increasingly challenging SWIFT’s dominance on monetary transfers. SWIFT calls crypto “useless” This news was first covered in an FXStreet report on … Continue reading SWIFT Representative Calls Crypto “Useless and Unstable” →

25-Year-Old Might Face Life Sentence After Running Bitcoin Exchange

A 25-year-old Bitcoin seller is now facing a life sentence after running an unofficial Bitcoin exchange. This was officially announced by the United States Justice Department on Friday. Moreover, the Bitcoin seller has supposedly agreed to plead guilty to the charges. Bitcoin seller facing life sentence This 25-year-old comes from Westwood, Los Angeles, and has … Continue reading 25-Year-Old Might Face Life Sentence After Running Bitcoin Exchange →

US Federal Reserve Reveals New Real-Time Payment System, Confusing Crypto Bulls

The United States Federal Reserve Board has officially revealed that it will launch a real-time payments settlement service. This initiative is aimed at boosting the payments infrastructure in the nation. Moreover, this comes as banks are increasingly looking to crypto for real-time global payments. The FedNow Service will work 24/7 This news came in an … Continue reading US Federal Reserve Reveals New Real-Time Payment System, Confusing Crypto Bulls →