Billionaire Demands Facebook Reveal Who Placed Scam Bitcoin Ads About Him

Janet Jackson’s billionaire ex husband, Wissam Al Mana, has demanded that Facebook reveal who placed scam crypto ads on the platform using his image. Janet Jackson’s billionaire ex husband, Wissam Al Mana, has demanded that Facebook reveal who was behind ads on the platform that used his image to promote a crypto scam.  The case stems from late February when Al Mana filed a lawsuit against the social media giant about a cryptocurrency scam using his name to promote itself in the Middle East. Al Mana claimed defamation, malicious falsehood…

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IOSCO Board Unveils Report Detailing Stablecoins and Securities Regulations

The IOSCO board has released a report on stablecoin guidelines as they pertain to global regulations. The board of the International Organization of Commissions, or IOSCO, recently unveiled a write-up on stablecoins as they may overlap with current market regulations, including securities laws.   Listing several other reports and touchpoints, the IOSCO board pointed toward stablecoin structure in its March 2020 report: “Ultimately, the applicability of any IOSCO Principles or Standards to global stablecoin proposals, including those similar to the Hypothetical Case Study, will depend on their specific design and their…

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Mt. Gox Trustee Reveals Draft Rehabilitation Plan

Mt Gox trustee drafts rehabilitation plan that would see claims in fiat currency, BTC, and BCH processed in their requested form. The trustee for the defunct Mt. Gox cryptocurrency exchange has drafted a rehabilitation plan for creditors. The plan will see claims for fiat currencies, Bitcoin (BTC), and Bitcoin Cash (BCH) honored in their requested form, while all other crypto assets “will be liquidated into cash to the extent possible.” Mt. Gox trustee to liquidate all crypto excluding BTC and BCH Funds will be allocated toward the rehabilitation proceedings first,…

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Mt Gox Bitcoins: Trustee Plans to Distribute BTC and BCH, Liquidate Forks Into Cash

On March 24, the Mt Gox creditors’ trustee from Tokyo, Nobuaki Kobayashi, disclosed a newly written rehabilitation plan for claimants looking to access some of the funds they lost in 2013. According to the new plan, Mt Gox claimants will get BTC and BCH assets alongside the possibility of receiving fiat currencies as well. Kobayashi’s latest document notes that other crypto assets will be “liquidated into cash,” but the draft does not disclose what types of digital currencies will be sold. Also read: Can’t Lock Down Bitcoin: Trump Ponders Halting…

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Tone Vays Says Proposed Digital USD is Nothing New

Trader and YouTuber Tone Vays said the U.S. Fed’s new digital dollar is nothing different than the current system. Markets trader and YouTuber, Tone Vays, says the United States’ digital dollar proposal is no different than the current system, except for its ties to the country’s federal reserve.  “There is nothing technologically new here, whatsoever,” Vays said in a March 24 YouTube video, referencing the U.S. digital dollar proposal.  “The only difference is that now, it’s like a pass-through from the Fed — as if the Fed needs more responsibility,”…

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Globalism Has Failed, Long Live Crypto

What effects does the global pandemic have on our lives, and what could help us to survive? A global pandemic has changed the world. I write this on lockdown, unable to leave my home. A global pandemic has stripped the entire state of California and over 1.5 billion people globally from our rights and freedoms in an attempt to save lives. Businesses are being shut down, people are being laid off. Even I had to step down from my position of vice president at a cloud computing startup because of…

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Kleiman Estate Seeks Two-Week Extension Amid COVID-19 Lockdown

Kleiman v Wright may see further extension as plaintiffs seek additional two weeks for discovery amid coronavirus lockdown. In the latest disruption to the case between the self-proclaimed Satoshi Nakamoto, Craig Wright, and the estate of the late Dave Kleiman, the plaintiffs are seeking a two-week extension to discovery amid the coronavirus pandemic. In a motion filed on March 24, Dave Kleiman’s estate asserts that the COVID-19 lockdown has presented “numerous complications associated with meeting deadlines set prior to the onset of the global pandemic.” The COVID-19 pandemic makes depositions…

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Price Analysis Mar 25: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Many cryptocurrencies are showing signs of buying but traders are cautious as they are yet to break above their critical resistance levels. The White House and Senate leaders finally agreed to a massive stimulus of $2 trillion to support the economy and Americans who are suffering due to the COVID-19 pandemic. While the equity markets are celebrating with a rally, Binance CEO Changpeng Zhao has projected a bullish figure of $100,000 for each Bitcoin. Zhao believes that with most Bitcoin in the hand of long term holders, even if a…

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Just Like Bitcoin Before It, Cardano is Banned from Wikipedia

Charles Hoskinson says Wikipedia won’t let Cardano have its own page despite it being “the most cited of all of the peer reviewed coins”. On March 24, Cardano (ADA) founder, Charles Hoskinson, streamed a YouTube video titled “On Wikipedia,” in which he berated Wikipedia for applying arbitrary commercial censorship against Cardano. Wikipedia’s censorship of Bitcoin may have led to Satoshi’s disappearance Censorship of cryptocurrency projects is as old as the industry itself. Back in 2010, even Satoshi Nakamoto was frustrated with Wikipedia’s editors for removing Bitcoin’s wiki entry several times. …

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Square Lowers Its Q1 Estimates by $800M Despite Bitcoin Success

Square, Inc. is forced to adjust first-quarter estimates by $800 million due to the coronavirus crisis despite Bitcoin’s growth. Square’s Bitcoin (BTC) revenue continues to grow, even as the popular payments app lowers its first-quarter revenue estimates by $800 million due to the coronavirus crisis. According to a company announcement on March 24, COVID-19 was not a factor in the company’s growth until around 10 days ago: “While the beginning of March was relatively in line with the company’s expectations, over the trailing ten-day period Seller GPV [gross processing volume]…

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