US lawmakers troubled by Facebook's Libra due to 'pattern of failing to keep consumer data private'

US lawmakers troubled by Facebook’s Libra due to ‘pattern of failing to keep consumer data private’

US lawmakers in a hearing at the House Committee on Financial Services on Wednesday expressed widespread mistrust of Facebook’s cryptocurrency plan, saying the company’s attempt…

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Indian Authorities Arrest 4 Individuals Accused of Crypto Ponzi Scheme

Indian Authorities Arrest 4 Individuals Accused of Crypto Ponzi Scheme

The Criminal Investigation Department (CID) of India has arrested Vijay Prajapati, Dhiraj Patel, Kamruddin Syed, and Ashiq Shaikh, the alleged creators of the cryptocurrency KBC…

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Bloomberg: Craig Wright Does Not Have Access to Bitcoin Fortune

Bloomberg: Craig Wright Does Not Have Access to Bitcoin Fortune

Craig Wright said that he cannot comply with a court order to provide a list of all his early bitcoin (BTC) addresses, Bloomberg reported on…

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Louis Vuitton and Christian Dior Owner Unveils Blockchain Platform to Verify Luxury Goods

Louis Vuitton and Christian Dior Owner Unveils Blockchain Platform to Verify Luxury Goods

ConsenSys has teamed up with LVMH and Microsoft to build a blockchain-powered platform that allows consumers to verify the authenticity of luxury goods, according to a news release…

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Florida city pays $600,000 to ransomware gang to have its data back

Florida city pays $600,000 to ransomware gang to have its data back

The city council for Riviera Beach, Florida, voted this week to pay more than $600,000 to a ransomware gang so city officials could recover data…

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Chair of House Financial Services Committee Requests Halt on Facebook’s Crypto Project

Chair of House Financial Services Committee Requests Halt on Facebook’s Crypto Project

Rep. Maxine Waters, chairwoman of the United States House of Representatives’ Financial Services Committee is requesting that Facebook halt development on its cryptocurrency, the Libra,…

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Three Reasons Why Enterprise Blockchain Is Failing

Three Reasons Why Enterprise Blockchain Is Failing

After working with enterprise blockchain technology for over three years, I am becoming a little frustrated with its rate of growth. While there is evidence…

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Facebook to Unveil ‘Libra Association’ and Launch Testnet Next Week: Report

Facebook to Unveil ‘Libra Association’ and Launch Testnet Next Week

Social media giant Facebook will unveil the Libra Association, which will operate its bespoke cryptocurrency Libra, on June 18, cryptocurrency news outlet The Block reported…

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Coinbase Card Launches in Six European Countries

Coinbase Card Launches in Six European Countries

United States-based cryptocurrency exchange and wallet service Coinbase has launched its Visa debit card in six European countries, CNBC reports on June 11. As of…

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Report: Facebook to Announce Cryptocurrency Project This Month

Report: Facebook to Announce Cryptocurrency Project This Month

Social media giant Facebook will reportedly announce its cryptocurrency project this month, allowing employees to take part of their salary in the coin, CNBC reports…

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