Did the CEO of Binance, one of the largest cryptocurrency exchanges, threaten cryptocurrency media site The Block over a trio of tweets detailing how banned peer-to-peer cryptocurrency trading really happens in China?
Lucas Geiger said OpenLibra is going to hijack Libra, but in a "non-adversarial" way (Lane Rettig, via Twitter).OpenLibra plans fork to create Facebook-free version of Libra stablecoin
A group of blockchain developers threatened to split the Libra cryptocurrency’s blockchain and create a competitor free from corporate control
Facebook’s Libra stablecoin may be years from becoming a reality, but that didn’t stop a group of blockchain companies calling itself OpenLibra from announcing plans to fork the stablecoin. News of the preemptive split came at the Ethereum developer conference Devcon 5 in Osaka, Japan on October 9. Lucas Geiger, co-founder of blockchain infrastructure firm Wireline, described the OpenLibra project, as aimed squarely at the corporate control of Libra. Essentially, OpenLibra would be pegged to the Libra coin, a cryptocurrency which will be backed by a basket of fiat currencies to keep its price level. Using the tagline “lock the door open,” the newly launched OpenLibra website called itself an…
Hong Kong’s Bitcoin spike: Foresight or fluke?
A tremendous jump in trade volume on a small Hong Kong P2P exchange was touted as proof that Bitcoin is the new gold. But it may have just been a whale’s splash
Bitcoin trades in Hong Kong saw a massive spike at the end of September—blowing past even the volumes seen at the height of the 2017 bubble—simultaneous to political unrest in the Chinese territory. With nearly $12.3 million HKD (equivalent to $1.5 million in USD) traded in the week ending September 28 according to charts on peer-to-peer trading site Coin.dance’s LocalBitcoins, it was hard not to see a connection with escalating protests, anti-Chinese bank sentiment, and vandalism that recently caused ATMs to run dry, and panic-buying reported at supermarkets on October 7. It’s especially interesting considering the same Bitcoin (BTC) volume jump was seen, on a smaller scale, during the last…
Tether, Bitfinex sued for $1.4 trillion (yes, with a ‘t’)
The staggering sum is for allegedly rigging the Bitcoin market in a way that would make Enron blush
The same lawyers who sued Craig Wright for $5 billion are going after Tether and Bitfinex, demanding a staggering $1.4 trillion.
