Walmart Crypto Project More Agreeable to Lawmakers Than Libra

A senior policy analyst at investment banking corporation Cowen, Jaret Seiberg, said that Walmart’s proposed digital coin should not face as much regulatory pushback as Libra, Facebook’s proposed virtual currency. As Bloomberg reports on Aug. 5, Seiberg also added that Walmart’s crypto may have a demographic appeal to Democratic legislators who are keen to find …

Certain Tokens Need a Safe Harbor

U.S. Securities and Exchange Commission (SEC) commissioner Hester Peirce expressed interest in building a non-exclusive safe harbor for token offerings. The news was reported by Singaporean blockchain business consulting firm Jenga BCG in a press release published on Aug. 5. Per the document, Pierce made her remarks during the Convergence Forum held at the Singapore …

Bitcoin SV Splits Into Three Chains Following 210 MB Block

Following a recent hard fork of Bitcoin SV (BSV), the network saw a three-chain split after a massive 210 megabytes (MB) block was mined. As reported by BitMEX Research on Aug. 3, Bitcoin SV nodes divided into three groups on Saturday, making the network to split into three separate chains. According to the report, 65% …

Litecoin Halving: All You Need to Know

With just one day to go until Litecoin’s (LTC) next halving event, Cointelegraph sets out all you need to know about the cryptocurrency’s reduction in block rewards. In spite of their reputation for creating price hikes, the lead up to the halving has witnessed a 25 percent decline in valuation over the last month.  What …

Facebook’s Libra Moved Bitcoin and Crypto Three Years Ahead

United States-based cryptocurrency index fund provider Bitwise declared that Facebook’s Libra stablecoin accelerated Bitcoin’s (BTC) progress by three years in a letter to investors published on its website on August 1. Libra attracted attention to Bitcoin In the letter, Bitwise’s global head of research Matt Hougan said on behalf of the company: “Thanks to Facebook’s …

Truffle Announces Upcoming Dev Support for Corda, Hyperledger Fabric, Tezos

Blockchain development company Truffle has unveiled plans to expand its fully managed developer suite to include support for the blockchain protocols Corda, Hyperledger Fabric and Tezos. Truffle founder and CEO Tim Coulter announced the company’s plans at TruffleCon 2019 — Truffle’s annual dev conference — on Microsoft’s campus in Redmond, Washington. Coulter commented on how …

Grayscale to Conduct One of Largest Single Day Crypto Transfers

Today, digital asset management fund Grayscale Investments will transfer nearly $3 billion worth in cryptocurrency holdings to American major crypto wallet provider and exchange exchange Coinbase. Largest single crypto transfer? As Forbes reported on Aug. 2, Grayscale is going to move almost $3 billion worth of its digital currency holdings, including Bitcoin (BTC), Bitcoin Cash …