The Day Of The DOGE - How Dogecoin Became The Crypto To Watch
There is no denying that Bitcoin is the king of cryptos. Commanding headlines and shaking the world of banking to its core, what Bitcoin will mean for the future of financial services can’t be understated. However, it isn’t just Bitcoin that’s giving the cryptocurrency market life. The world’s leading digital currency – through its record-breaking pumps and recent passionate following by Tesla CEO Elon Musk – has paved the way for a number of other cryptos to gain traction.
The Financial Stability Board (FSB) yesterday published a series of recommendations on the potential global uptake of stablecoins. According to the FSB, the 10 “high-level” recommendations aim to “promote coordinated and effective regulation, supervision and oversight” in order to address “the financial stability risks” posed by stablecoins, both in the private and public sphere.
Read the full article at FullyCrypto: https://fullycrypto.com/fsb-publishes-global-stablecoin-regulation-recommendations
OneCoin, the cryptocurrency-based Ponzi scheme that stole $4 billion from thousands of investors all over the world, is to get the Hollywood treatment after MGM announced that a movie is in the works. Following its success as a BBC podcast, which is itself being remade into a TV series, Fake! will see Kate Winslet star as one of the more outspoken OneCoin scam victims Jen McAdam, who, along with her family, lost some $300,000, with the film being based on McAdam’s forthcoming book on the subject.
Read the full article at FullyCrypto: https://fullycrypto.com/onecoin-movie-starring-kate-winslet-gets-go-ahead
Mastercard could be on the verge of accepting cryptocurrency payments on their retail terminals, according to reports. Coindesk cites a source within the organisation who says that the payments giant will give all its merchants the chance to accept cryptocurrencies later this year in a move that would represent the biggest step forward yet in cryptocurrency adoption. It would also do away with the argument that ‘you can’t buy anything with crypto’ and would see merchants accepting cryptocurrency direct without the need for customers’ to convert to fiat first.
Read the full article at FullyCrypto: https://fullycrypto.com/mastercard-to-accept-crypto-payments
People are unhappy with the vote in America and are hoping that a new vote system will fix the outcome and swing it in favor of Trump
Read the full article at FullyCrypto: https://fullycrypto.com/would-a-blockchain-voting-system-fix-elections
When Bitcoin dropped to $3,850 in March, the idea of a $100,000 price tag was as far away as the moon itself. Nine months later however, with institutions pouring in billions of dollars and a new market cycle just beginning, the landscape is very different, and a six figure Bitcoin is no longer a pipe dream but something of an expectation.
Read the full article at FullyCrypto: https://fullycrypto.com/100000-bitcoin-has-gone-from-dream-to-expectation
David Marcus, the head of Facebook’s Libra project, has said that cryptocurrency adoption is “turning a corner” following last week’s news of the creation of a PayPal crypto platform. Marcus, whose Libra cryptocurrency plans have taken several since it was announced in mid-2019, took to Twitter to express his excitement about the developments in the space, noting the growing interest in Bitcoin and stablecoins by big players in the traditional finance world.
Read the full article at FullyCrypto: https://fullycrypto.com/cryptocurrency-turning-a-corner-david-marcus
Finnish-based dark web site Sipulimarket has been shut down in a joint operation between Finnish customs, Polish police, and Europol, with bitcoin seized as a result. The site, which launched not long after the Silkkitie dark web site was taken down last year, has become a firm favorite among Scandinavian dark web users, with its closure striking another blow against dark web operators.
Read the full article at FullyCrypto: https://fullycrypto.com/sipulimarket-dark-web-site-shut-down-and-bitcoin-seized
The dividend paid out to NEXO token holders has been met with anger after the NEXO coin price crashed before the payout. The Nexo dividend, which sees a proportion of the company’s profits paid out to NEXO token holders, was paid out on Saturday, but investors have taken the company to task about the mechanics of the dividend after the NEXO price crashed in advance of the payout.
Read the full article at FullyCrypto: https://fullycrypto.com/nexo-dividend-recipients-revolt-after-token-price-crash
The founders and operators of Airbit Club have been charged by the Department of Justice (DoJ) with fraud and money laundering. Airbit Club, which advertised itself as a cryptocurrency mining and trading platform, laundered some $20 million according to the charges, with the accused allegedly operating a pyramid scheme that solicited investments and prevented withdrawals, with the operators instead spending investors’ money on themselves.
Read the full article at FullyCrypto: https://fullycrypto.com/airbit-club-founders-accused-of-money-laundering-and-fraud