Carol Gaszcz

Scammers send emails impersonating FCA, offering 'guaranteed' cryptocurrency investment opportunity

A scam email claiming to come from the UK Financial Conduct Authority is promoting cryptocurrency investment, FT Adviser writes. The email promises “guaranteed chance to earn” on crypto asset-related investment. The email uses the regulator’s branding and logo to lend itself credibility. It also sports the logo of the Prudential Regulation Authority. The email reads, […]
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Jul 23, 2019, 4:31PM UTC

49% of Americans have a cash-back credit card, survey shows

According to a new survey by CreditCards.com, 49 per cent of Americans are cash-back credit card holders, up from 43 per cent last year. A great majority of those cardholders have redeemed rewards at least once—88 per cent. Thirty per cent benefit from rewards monthly, and more than one in 10 get their rewards weekly. […]
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Jul 23, 2019, 3:20PM UTC

UK parliamentary committee wants to look into Libra

A UK parliamentary committee wants to investigate Facebook’s Libra. The House of Commons’ Digital, Culture, Media and Sport Committee is concerned Facebook will gain too much power by launching a cryptocurrency, Financial News reports. The committee’s chair Damian Collins has also voiced doubts as to whether Facebook will be able to protect personal financial information […]
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Jul 22, 2019, 6:30PM UTC

Robinhood raises valuation to $7.6 billion, receives $323 million in funding

No-fee stock-trading startup Robinhood has received $323 million investment money in its newest funding round, Reuters writes. This brings the startup’s valuation to $7.6 billion, confirming earlier reports.  Last year, Robinhood’s $363 million funding round brought its valuation to $5.6 billion. Investment company DST Global led the newest funding round. Other investors included Ribbit Capital, […]
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Jul 22, 2019, 5:08PM UTC

QuickBit data breach exposes 300,000 personal, financial records

Cryptocurrency retailer QuickBit has inadvertently revealed hundreds of thousands of records, Comparitech reports. The company’s database was open to everyone to view, including users’ personal and financial information. According to Comparitech, records might have contained information about transactions. MongoDB database, containing such information, was made available to everyone with no authentication necessary. The information included […]
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Jul 22, 2019, 3:30PM UTC

AlipayHK will extend mobile-wallet service nationally, granting Hong Kong users new payment rails in mainland China

E-wallet AlipayHK has been licenced to provide services country-wide, xinhuanet writes. The Hong Kong version of Alipay currently boasts more than 2 million mobile users and, according to Alipay, is the first Hong Kong e-wallet whose services extend to the whole country.  Earlier this year, the AlipayHK wallet extended its services from Hong Kong to […]
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Jul 22, 2019, 10:30AM UTC

Mexican cryptocurrency exchange Bitso receives DLT Licence from Gibraltar Financial Services Commission

Mexican cryptocurrency exchange snatches Distributed Ledger Technology licence. Mexican cryptocurrency exchange Bitso has announced it will become regulated by the Gibraltar Financial Services Commission (GFSC). According to the announcement, it makes the platform the first exchange regulated by the GFSC in Latin America. The platform will be compliant with a Distributed Ledger Technology Regulatory Framework […]
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Jul 19, 2019, 7:00PM UTC

Steve Wozniak co-founds blockchain company to foster energy efficiency

Apple co-founder Steve Wozniak is launching a new blockchain project. Wozniak has invested in a blockchain energy saving company EFFORCE, and became the company’s co-founder, Malta Independent wrote. He made the announcement at the pre-launch of the Delta Summit in Malta. The company will be focusing on energy efficiency. According to Wozniak, it will allow […]
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Jul 19, 2019, 6:00PM UTC

Zcash experiences its first 'friendly fork,' Ycash

According to a tweet posted by The Ycash Foundation, the first block has been mined, and the official fork has taken place. The company wrote, “The first #Ycash block was mined at 7:36:51 PM PDT. In addition to the coinbase transaction, there were 3 other transactions in the block, one of which was shielded. Congratulations […]
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Jul 19, 2019, 5:28PM UTC

New Jersey takes legal action against online rental marketplace for ICO token

The state of New Jersey has filed a three-count lawsuit against a blockchain online rental marketplace Pocketinns for carrying out an unregistered securities sale. New Jersey Attorney General Gurbir S. Grewal and the state’s Bureau of Securities within the Division of Consumer Affairs made the announcement. Pocketinns and its CEO Sarvajnya G. Mada have been […]
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Jul 19, 2019, 1:23PM UTC

Binance's European arm lists GBP-backed stablecoin

The European subsidiary of Binance has launched a British pound-pegged stablecoin. Starting today, Binance Jersey will offer the stablecoin, called Binance GBP (BGBP), The Block confirmed with Binance. The company announced it was working on the token last month. The Jersey platform, which launched in January, offers fiat-crypto trading to European traders and offers nine […]
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Jul 19, 2019, 11:55AM UTC

Facebook official uncertain who will actually be able to use Libra

It is still uncertain who will be able to use Facebook’s Libra, Bloomberg writes. At House Financial Services Committee Hearing, Facebook’s David Marcus said the company has not yet worked out such details. “We haven’t written a policy yet,” Marcus said when asked whether people banned from Facebook, will be able to use the cryptocurrency. U.S. […]
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Jul 18, 2019, 7:30PM UTC

'Dr. Doom' Nouriel Roubini accuses cryptocurrency exchanges of 'systematic illegality'; points to BitMEX

Noted crypto sceptic Nouriel “Dr. Doom” Roubini believes important crypto players are “openly involved in systematic illegality,” he wrote in his commentary on Project Syndicate. As an example, Roubini pointed to Seychelles-based cryptocurrency derivatives exchange BitMEX. The exchange allows retail investors to place bets with 100-to-1 leverage, applies high fees, and “siphon[s] customers’ savings into […]
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Jul 18, 2019, 7:02PM UTC

Binance unknowingly generates $775k from staking Stellar; will share proceeds with community

Binance has inadvertently been earning staking rewards from Stellar. After introducing wallet changes recommended by the Stellar team, Binance discovered it had already generated 9,500,000 XLM ($775,000 USD) for staking since Aug. 31, 2018, which it has said it will share between all XLM holders in the Binance community as of July 20. The company […]
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Jul 18, 2019, 11:12AM UTC

Former Bitcoin Core developer Peter Todd accused of sexual misconduct

Three people submitted statements accusing former Bitcoin Core developer Peter Todd of sexual misconduct this week. The statements are a response to Todd’s defamation lawsuit, which he filed in April against transgender cryptographer Isis Agora Lovecruft for accusing him of being a rapist in a tweet. Lovecruft’s statement accuses Todd of sexual harassment. He allegedly […]
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Jul 18, 2019, 9:06AM UTC

tZERO makes new management appointments

Overstock’s security token platform subsidiary tZERO has filled management positions. The company announced three new hires. Brooke Navarro has become Head of Issuance, Michael Mougias is the new Head of Investor Relations while Alexandra Sotiropoulos was named Head of Communications. Before joining tZERO, Navarro served as a managing director in Investment Banking at Barclays where she […]
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Jul 17, 2019, 7:47PM UTC

McDonald’s, Nestlé and Virgin Media enter media blockchain pilot

Major brands have signed up for the Joint Industry Committee for Web Standards (Jicwebs) blockchain trial. McDonald’s, Virgin Media and Nestle have joined the organisation’s blockchain pilot, The Drum writes. The companies are going to measure how blockchain technology can be used to increase trust and transparency in digital advertising. The pilot will last until […]
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Jul 17, 2019, 4:15PM UTC
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