Category: cryptocurrencies

Ron Paul: ‘I’m All for Cryptocurrencies, I Like Competing Currencies’

Former Republican congressman and presidential candidate Ron Paul says he is in favor of cryptocurrencies and blockchain technology because he likes competing currencies. Ron Paul delivered his remarks in a “Squawk Alley” interview on CNBC on July 15. According to Paul, cryptocurrencies are a great idea, and governments should only […]

Market Maker Altonomy Raises $7M in Funding Round Led by Polychain Capital

Cryptocurrency asset management firm Altonomy has raised $7 million in a seed round from digital assets investment company Polychain Capital, according to a press release on July 15. Singapore-based market maker Altonomy is planning to allocate the raised funds to source liquidity for institutional customers like spot and derivatives exchanges. […]

Binance Announces Galileo, the Latest Version of Its Mainnet

Major cryptocurrency exchange Binance has completed an upgrade to its mainnet. The latest iteration is called Galileo — v.0.6.0 — as announced by Binance on July 15. According to the announcement, there are four major changes implemented in Galileo: the matching engine has been revised with “Taker” and “Maker” matching […]

Brazil: Member of Former Royal Family Speaks Out Against Crypto Regulation

Luiz Philippe de Orleans-Braganza, a descendant of the former royal family of Brazil, has spoken out against cryptocurrency regulation in the country, Cointelegraph Brazil reported on July 15. Orleans-Braganza, who is also a federal deputy in the Brazilian National Congress, spoke out during a special commission meeting wherein lawmakers discussed […]

Bitcoin’s Price May Rise after Congress Hearings on Facebook’s Libra Сryptocurrency

Investors hold their breath in anticipation of Congress Hearing on Facebook’s Libra set up for July 16-17. What’s in store for Bitcoin? David Marcus, the head of the department that manages Libra project at Facebook, will soon have to testify to the Senate Banking Committee and the House Financial Services […]

US Treasury Secretary Shares Trump’s Concerns on Crypto, Stresses Compliance

United States Treasury Secretary Steven Mnuchin shares President Donald Trump’s concerns on the use of cryptocurrency to finance illicit activity, and stresses the role of enforcing FinCEN regulations with respect to crypto-dealing organizations. Mnuchin made his remarks at a press conference on July 15. Mnuchin called the use of cryptocurrencies […]

UK Finance Minister Says Regulators Should Decide on Libra, Not Lawmakers

The United Kingdom Finance Minister Philip Hammond said that regulators and not lawmakers should decide on how to regulate Facebook’s stablecoin Libra, CNBC reported on July 15. In an interview with CNBC’s “Squawk Box,” Hammond said that lawmakers should not decide to require the social media giant Facebook to acquire […]

Binance Successfully Concluded Its Mainnet ’Galileo’ Upgrade

Binance has reported the successful completion of scheduled Binance Chain Mainnet ‘Galileo’ hardfork upgrade that took place at block height 20,300,000. The Binance Chain Mainnet has completed the upliftment of its testnet services right after the commemoration of its second anniversary. The number one cryptocurrency exchange by volume has recently […]