Cointelegraph

Updating Live: Zuckerberg Hearings Before Congress on Libra

Disclaimer: This article will be updating live for the duration of the Oct. 23 hearing. Please check in for the latest from the hearing. In Advance: In a much-anticipated meeting of politics and tech, Facebook CEO Mark Zuckerberg has finally made his way to United States regulators. He will be testifying before the House Financial …

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Bitcoin Price Suddenly Plummets to $7,500 — A New 5-Month Low

Bitcoin (BTC) crashed $500 in minutes on Oct. 23 after a sudden jolt sent markets tumbling to fresh lows. Cryptocurrency market daily overview. Source: Coin360 Bitcoin firmly ditches $8K range Data from Coin360 captured the moment panic hit for traders on Wednesday, BTC/USD going from $7,950 to $7,450 in just five minutes. Bitcoin seven-day price …

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Deutsche Boerse, Commerzbank Settle Tokenized Securities Using DLT

German securities marketplace Deutsche Boerse and Commerzbank have completed a joint pilot transaction settlement of post-trade securities using digital tokens and distributed ledger technology (DLT). Tokens generated from both commercial bank money and securities  While the transaction also involved major German asset manager MEAG, which operates under Munich Re-owned ERGO Group, one of the largest …

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Libra US Congressional Hearing — Recap Before Zuckerberg Faces Senate

Today, Oct. 23, Facebook CEO Mark Zuckerberg will testify before the United States House of Representatives Financial Services Committee regarding Libra — the company’s stablecoin project that has been facing major regulatory backlash since the day it was announced.  While Libra was previously represented in front of the U.S. lawmakers by the head of the …

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New Bitcoin ETF Proposal Filed With SEC by Gold Fund Veteran

Delaware-based asset manager Kryptoin Investment Advisors applied with the United States Securities and Exchange Commission (SEC) to launch a Bitcoin (BTC) Exchange Traded Fund (ETF) on Oct. 15. A Bitcoin ETF on the New York Stock Exchange According to the filing document published by the SEC, the Kryptoin Bitcoin ETF Trust is meant to be …

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Bitcoin Price Back Below $8K After Failing to Crack ‘Heavy Resistance’

Bitcoin (BTC) regained $8,000 on Oct. 23 after a fresh bearish move canceled out progress towards the top of its trading range.  Cryptocurrency market daily overview. Source: Coin360 Bitcoin rejected at $8.3K Data from Coin360 showed another frustrating 24 hours for BTC investors, who on Tuesday watched as markets briefly passed $8,300 before tumbling to …

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None of 20 Facebook’s Libra Partners Yet Committed Any Money: BBC

None of the 21 founding members of the Libra Association, except Facebook, have yet committed any money to support Libra, according to the BBC. $10 million investment initially required Since the announcement of the Libra Association Council in June 2019, no financial agreement for the founding partners has been made to date, BBC reports Oct. …

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Litecoin Foundation Pitches Opt-In MimbleWimble Via Extension Blocks

The Litecoin Foundation has published two new draft Litecoin Improvement Proposals that work toward establishing privacy features for the network. On Oct. 22, the Foundation shared links to details of the draft proposals on GitHub: LIP-0002 EB and LIP-0003 MW.  Protecting Litecoin’s functional fungibility from government As the Foundation outlines, both proposals are targeted at …

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US Congressman: Default Reaction to Bitcoin, Blockchain Must Be ‘Yes’

U.S. Congressman Patrick McHenry, who represents North Carolina’s 10th District, says he wants regulators’ default reaction to crypto innovation to be “yes.”  The Congressman — who goes by the moniker of “Mr. Fintech” on Capitol Hill — made his remarks during an interview for Laura Shin’s Unchained podcast, published on Oct. 22. Reintroducing the Financial …

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Lithuania’s Central Bank Considering IBM for Its LBChain DLT Platform

Lithuania’s central bank, Bank of Lithuania, has selected technology behemoth IBM and IT services firm Tieto as the finalists contending to develop its blockchain platform. Financial technology news outlet FintechFutures reported on the contest’s developments on Oct. 23. Per the report, both firms will test their platform and the winner will be selected later in …