• Hand controlling marionette
    Cryptocurrencies

    Bitfinex, Tether again face market manipulation accusations

    The embattled cryptocurrency exchange and stablecoin issuer jointly announced that a “meritless and mercenary lawsuit” is coming.

    It seems the New York Attorney General is not the only person accusing sister companies Bitfinex and Tether of breaking the law. A paper accusing the companies of market manipulation designed to boost the price of Bitcoin will be published soon.

  • PayPal's move is a personal blow for David Marcus, the man heading up the Libra project. Earlier in the decade, he was president of PayPal (via Wiki commons).
    Libra

    PayPal quits Libra cryptocurrency project

    We’re better off without you, the Libra Association’s head of policy said after PayPal withdrew from Facebook’s controversial stablecoin project

    PayPal has formally withdrawn from the Libra Association, the payments company announced on October 4.

  • Not a photo of PayPal potentially leaving its partnership with Facebook's Libra. Instead, this is the PayPal float at the Dublin LGBTQ Pride Parade, June 29, 2019 (photo by William Murphy via Wiki commons).
    Libra

    Libra Association won’t deny reports PayPal pulling out

    Facebook’s crypto project partnerships show signs of buckling with increased government pressure

    The Libra Association would not quite deny reports that digital payment service PayPal is withdrawing from the group, designed to oversee Facebook’s highly controversial, proposed cryptocurrency.

  • Digital Asset Holdings Founder Eric Saraniecki, CEO of Ripple Brad Garlinghouse, Jeremy Millar, Chief of Staff of Consensys, Jeff Dorman, CIO of Arca (image via Twitter).
    Innovators

    Inside the invite-only Cumberland Global Summit

    We get the goods from crypto’s elite at the year’s most elite conference

    As the crypto business matures, a robust—some would say never-ending—series of industry conferences has arisen to provide reasons for players in the space to gather in person. Perhaps the most elite of these is the yearly Cumberland Global Summit.