Federal Judge Orders Kik Technical Advisor to Sit for Deposition With SEC

Kik technical advisor Tanner Philp must be deposed by the Securities and Exchange Commission (SEC) related to the company's 2017 kin token sale, elongating the discovery process in the messaging app’s battle with federal regulators. The agreement was made Wednesday before District Judge Alvin K. Hellerstein...
Posted On 22 Jan 2020

Dow Flatlines While Jamie Dimon Warns of Fed Policy ‘Trap’

Posted in: Market News Published: January 22, 2020 8:29 PM UTC Dow Flatlines While Jamie Dimon Warns of Fed Policy ‘Trap’ The Dow Jones flatlined on Wednesday as the stock market's enthusiasm was cooled by Jamie Dimon's trepidation over a central bank "trap." Author:...
Posted On 22 Jan 2020

Why High-Profile Defections Aren’t Libra’s Biggest Challenge

Libra has lost another Association member, but according to @nlw that’s likely low on its worries list, plus Square’s LN efforts & TON’s SEC support. News broke yesterday the Libra Association had seen its eighth high-profile defection, this time from the telecom giant Vodafone. In today’s episode of The...
Posted On 22 Jan 2020

India Central Bank Says It Hasn’t Banned Crypto

News The Reserve Bank of India (RBI) said regulated entities cannot offer crypto assets in the country, but that does not equate to an overall digital asset ban. In a Jan. 21 article, The Economic Times of India cited a document the RBI submitted to the country’s supreme court in September, which said: “Firstly,...
Posted On 22 Jan 2020

Telegram CEO: Apple’s iCloud Is “Now Officially a Surveillance Tool”

News Pavel Durov, founder and CEO of major encrypted messenger Telegram, argues that Apple’s cloud service iCloud is “now officially a surveillance tool.” Citing a Jan. 21 Reuters report, Durov claimed that applications like WhatsApp — which rely on iCloud to store private messages — are “part of the problem.”...
Posted On 22 Jan 2020

SEC Depositions Shed Light on Telegram’s $1.7B Token Sale

Telegram CEO Pavel Durov pushed back against a U.S. Securities and Exchange Commission (SEC) attorney’s speculation that his company’s 2018 token sale was meant to refill its cash reserves. During an 18-hour deposition, Durov disputed in particular SEC attorney Jorge Tenreiro's claim that the sale would help...
Posted On 22 Jan 2020

Price Analysis Jan 22: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XLM, ADA

Price Analysis Recently Hiromi Yamaoka, the former head of payments and settlements at the Bank of Japan, said that Facebook’s Libra has forced central banks to research and consider issuing central bank digital currencies (CBDC). Currently China is leading the race in developing a CBDC but it appears that other...
Posted On 22 Jan 2020

Venezuelans Selling Petro on LocalBitcoins at Half the Official Price

News Venezuelans are reportedly selling the state-launched Petro (PTR) cryptocurrency that was airdropped to them recently. Though the government claims to have fixed the value of one PTR at $60, the market price on LocalBitcoins is reported to be only half of that. According to a Reddit thread, Venezuelans are...
Posted On 22 Jan 2020

As Australia Burns, Cointelegraph and Oxygen Seven Raise Relief Funds

News As megablazes ravage Australia, destroying vast amounts of land and wildlife, Cointelegraph and Oxygen Seven have partnered in a Bitcoin fundraising effort to benefit recovery efforts in the country. Fighting fire with fundraisingThe announcement between Cointelegraph and Oxygen Seven came last week....
Posted On 22 Jan 2020