Telegram Abandons Telegram Open Network and Gram Tokens

Per a May 12 message from Telegram CEO Pavel Durov, the company is calling it quits on the Telegram Open Network (TON) and the linked Gram tokens following a lengthy battle with the United States Securities and Exchange Commission. After announcing the TON network and Gram token back in 2017, Telegram is now officially terminating […]

There’s Still a Non-Trivial Chance of a Ban on Bitcoin

Source: Adobe/Alexey Novikov Even today, there is a non-trivial chance that governments try to ban Bitcoin (BTC), according to Marco Santori, the recently appointed Chief Legal Officer (CLO) of major crypto exchange Kraken. “I don’t think it’s a 20% or 30% chance in the next five years, but I think it’s real. And it’s up […]

BitPay Onboards Client With 1M Customers, ECB Focuses On Retail CBDC + More News

Source: Adobe/Sergey Ryzhov Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.____ Crypto adoption news Major crypto payment processor BitPay announced the first large international furniture brand to go live, Beliani, a Europe-based web-only international seller of furniture and home […]

FATF’s Deadline for Travel Rule Is a Bit of a Myth, Says Siân Jones

Last year, the Financial Action Task Force (FATF) asked global jurisdictions to adopt its anti-money laundering, or AML, guidelines for crypto. As the apparent deadline is just a few weeks away, some regulation experts believe that the deadline is not the case, while the actual adoption is a matter of years. On May 12, global […]

Honesty and Education Will Help Bitcoin Build Trust – Survey

Source: Adobe/Pixel-Shot Education and honesty could help cryptocurrencies, such as Bitcoin (BTC), achieve mainstream acceptance, per a new report. These were the findings of the 2020 Edelman Trust Barometer, a survey that garnered data from 34,000 people in 26 regions, with 1,150 respondents in each market. Although just under half of those surveyed said that […]

Demand for Non-Sovereign Safe Havens – Bitcoin & Gold

Source: Adobe/Wit The demand for non-sovereign “safe haven” assets, such as bitcoin (BTC) and gold, to rise considerably as the risk of broad-based currency debasement increases, according to US-based crypto research boutique Delphi Digital. Gold demand in the past 12-18 months has already been on the rise among central banks and private investors alike, with […]

Shanghai PBoC Warns Chinese Public Against Blockchain Investment Schemes

The Shanghai branch of the People’s Bank of China (PBoC) published an article detailing the signs of a financial scam, mentioning virtual currency and blockchain as signs of a fraudulent offering. The article, published on May 12 on Chinese social media platform QQ, consists of 16 answers to common questions that explain what are the […]

With the Dollar’s Days Numbered, Is There Room for a Digital Yuan?

Unprecedented monetary policy has placed the dollar’s dominance in question. At the same time, China is pulling ahead with its digital yuan initiative. Key Takeaways China is launching a test phase for its digital currency, and this is not an official launch of the digital yuan. A digital currency could provide countries with a cost-effective […]

Blockchain Technology: A Remedy for De-Globalization?

The outbreak of the COVID-19 pandemic has profoundly impacted the world both economically and socially, serving to aggravate political tensions while driving nationalist protectionism. Despite the full extent of the pandemic being not yet fully known, COVID-19 has reignited a conversation among media and academia regarding the fate of neoliberalism and globalization. If we were […]

New User Registrations on Binance Approach All-Time High Amid Bitcoin Halving

During a fireside chat as part of Consensus: Distributed on May 12, Changpeng Zhao, the chief executive and founder of Binance, said that the top cryptocurrency exchange is seeing a spike in user registrations. Zhao noted that new registrations amid the Bitcoin (BTC) halving have recently approached levels last witnessed at the peak of the […]