The U.S. WTI oil futures collapsed -300% as crypto takes a mild hit.
Libra scales back from its earlier plan of having a single cryptocurrency tied to a mix of securities and currencies. The Libra project will focus on creating a traditional payment network by tying the Libra coins to a local currency.
The FSB wants all concerned regulators to step-up measures to ensure that stablecoin operators don’t work in any grey markets undermining the global financial stability.
The fake chrome extensions reportedly worked on stealing user credential and further steal their crypto holdings from their wallets.
To avoid any slippages, the G20 regulator has said that all foreign jurisdictions should have a single rulebook for dealing with cross-border stablecoins.
The European Parliament has proposed the establishment of a dedicated regulatory body which can ensure that any slips or loopholes in the crypto rules and governance aren’t exploited.
Soon after Bitcoin Cash, the Bitcoin SV network has also undergone halving reducing the mining rewards to 6.25 BSV. Besides, after the halving, the hashing power of the network has also reduced significantly.
The Chinese central bank has reportedly accelerated the development of its Digital Yuan and could be released by the end of 2020.
At the block height of 630,000 the Bitcoin Cash blockchain network underwent the halving reducing miner rewards from 12.5 BCH to 6.25 BCH.
With its pilot program, the Bank of Korea is preparing itself with its central bank digital currency (CBDC) pilot program starting last month.