Crypto Market Falls As Federal Reserve Chairman Says Libra ”Cannot Go Forward”

The Chairman of the Federal Reserve, Jerome Powell, recently spoke before the US House Financial Services Committee. In his talk, Powell put an emphasis on that Facebook’s Libra crypto must handle regulatory concerns. Powell noted that unless there is “broad satisfaction” with the way Facebook does this, he does not think Libra can go forward. … Continue reading Crypto Market Falls As Federal Reserve Chairman Says Libra ”Cannot Go Forward”

US House Representatives Worried Libra Could Have Illegal Uses

Multiple members of the United States House of Representatives have been briefed on Facebook’s upcoming Libra crypto. Specifically, the House Representatives have received information on how Libra could be used for illegal ends. Could Libra be used illegally? Well, duh This information came from the Director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco. … Continue reading US House Representatives Worried Libra Could Have Illegal Uses

Report Indicates Crypto Trading Will Soon Become Legal in Russia

The Russian Ministry of Finance is reportedly considering to make crypto trading legal in Russia. This rumored decision to allow cryptocurrencies as payment in Russia comes as the crypto market continues a bull run. Could a new bill soon make crypto trading legal in Russia? Specifically, this latest report comes from a recent article by … Continue reading Report Indicates Crypto Trading Will Soon Become Legal in Russia

SEC Sues Kik for $100M ICO, Experts Call SEC’s Case ”Very Strong”

The United States Securities and Exchange Commission (SEC) has now filed a lawsuit against the messaging company Kik. Specifically, the SEC is suing Kik over the firm’s initial coin offering (ICO) for its Kin token back in 2017. The SEC sues Kik for its $100 million ICO from 2017 Moreover, the SEC filed an official … Continue reading SEC Sues Kik for $100M ICO, Experts Call SEC’s Case ”Very Strong”