Author: Fintech Crypto News

EBay Denies Rumors of Diving Into Crypto, Despite Advertising at a Crypto Event

EBay has completely denied the gossip that is going around the market that it will begin accepting digital money as an alternate payment method. Bloomberg reported Ebay’s “next move” on May 14 after the company advertised at a cryptocurrency event with banners such as the one shown in the picture below. People have been speculating the e-commerce giant’s take on the crypto revolution since it took out advertisements at the Consensus gathering in New York City 2019. One of the boards stated: “Virtual Currency. It’s happening on eBay.” It has been proposed that the past fortnight’s surge in the...

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Crypto Leaders Jimmy Song and Joe Lubin Strike a $500K Bet About Ethereum’s Future

A “maximum pain kind of bet” according to Jimmy Song has been set amongst the two crypto legends for over $500,000 worth of crypto. Terms for the much-hyped bet have also been settled. Originally the argument started when the two crypto enthusiasts were present on stage at the Consensus 2018 conference. Lubin daringly told Jimmy Song that he is willing to bet “any amount of bitcoin” against Ethereum’s Dapps saying that “I didn’t see anything other than buzzwords.” Jimmy Song expressed the opinion that he strongly believes that the decentralized apps would not have seen any growth even after...

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United States Congressman Sherman Calls for Blanket Ban on Cryptocurrencies

Bitcoin-slamming Democrat Congressman Brad Sherman is asking his partners to pass a law that would boycott cryptographic forms of money in the United States. “I look for colleagues to join with me in introducing a bill to outlaw cryptocurrency purchases by Americans so that we can nip this in the bud.” Congressman Sherman, who’s from California, made the comments at a gathering of the House Financial Services Committee. Sherman says the boycott is essential in light of the fact that crypto takes steps to undermine the U.S. dollar and is helpful for crimes like tax evasion, tranquilize managing, and...

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Michael Terpin Awarded $75.8 Million in Sim-Swapping Crypto Theft Case

Digital currency advocate and business visionary Michael Terpin was granted $75.8 million by California’s Supreme Court in a judgment against a man Terpin claims stole digital currency resources from him. Nicolas Truglia, the respondent in the common case, dwells in New York and has been captured for six different wrongdoings. Examinations concerning the man and his group’s supposed crimes are on-going. Terpin’s campaign isn’t finished yet. In spite of being granted remuneration for misfortunes – which added up to $23.8 million at the time – and correctional harms surpassing $50 million, the blockchain business person is additionally seeking after...

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Facebook Revises Ad Ban Policy on Crypto and Blockchain

Facebook declared today a revision of its publicizing restriction on organizations advertising items and administrations identifying with crypto. The move comes as the internet based giant is increasing its own endeavors to make a stablecoin to use for payment options it will soon launch. Numerous in the crypto network contend that a Facebook-advanced computerized resource would be in rivalry with the US dollar and other fiat monetary standards instead of Bitcoin. In the meantime, others have expressed that the organization’s endeavors to make its very own advanced money could provoke heaps of new clients to enter crypto. Internet-based Giant...

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