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Kevin Weil, a Facebook executive and a leader of Diem, the company’s digital currency initiative, announced on Thursday he is leaving in order to join a satellite firm. The news appears to be another setback for Facebook’s crypto ambitious, which the company unveiled with considerable fanfare in June of 2019 but have since stalled amid …
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Brad Garlinghouse, CEO of payments technology firm Ripple, said yesterday that the US Securities and Exchange Commission (SEC) was preparing a lawsuit against the firm’s alleged unlicensed issuance of XRP tokens. This morning, Garlinghouse said Ripple would “fight back” the lawsuit and the supposed discrimination against the company, stating the proceedings were an attack against …
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The number of active Bitcoin addresses has shot up by over 105% this year, according to Coin Metrics’ data. In its latest ‘State of the Network’ report, released today, the crypto data site said that the number of active addresses this year doubled to hit 1.2 million. Why’s this important? It’s evidence of a healthy …
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Ripple CEO Brad Garlinghouse told Fortune Magazine today that he expects the SEC to sue the company imminently for selling unlicensed securities. XRP, Ripple’s cryptocurrency, is valued at $23 billion, the third largest cryptocurrency by market cap Garlinghouse said that he believes the SEC will name him and co-founder Chris Larsen as co-defendants in a …
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In a fireside chat as part of Decrypt’s Around the Campfire series, Protocol Labs CEO and founder Juan Benet indicated the Filecoin network is exceeding expectations for large-scale storage. Filecoin, which took in $200 million from a 2017 ICO, launched in October of this year. According to Benet, since then, the decentralized blockchain network for …
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JPMorgan Chase CEO Jamie Dimon expressed his continued disinterest in Bitcoin at an event this morning, quipping that “it’s not my cup of tea.” The event was the New York Times’ Dealbook summit, which is hosted by reporter Andrew Ross Sorkin; in addition to Dimon, today’s guests include Elizabeth Warren, Lebron James, and Ruth Porat, …
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Crypto exchange Huobi is reportedly looking to takeover Bithumb, Korea’s largest crypto exchange, as per a report by local news outlet The Bell. The move is said to be a path for Huobi to gain users in Korea without having to obtain the country’s strict licenses for crypto businesses for its main exchange. If completed, …
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