The Texas State Securities Board or TSSB listed cryptocurrencies to be among the top threats to investors. This was revealed in the 10th anniversary edition of the Texas Investor Guide published by the TSSB under the title "Strategies for Investing Wisely and Avoiding Financial Fraud." The regulator lists cryptocurrency offerings as a threat to investors as they are extraordinarily volatile.
The Libra Association, a consortium of major financial partners of Facebook's Libra cryptocurrency project, has now formed a five member steering committee to govern Libra technical development. The council of the Libra Association voted last month to establish a Technical Steering Committee for the Libra project.
Bitcoin continued its rally towards the $10000 mark this week, reaching as high as $8950 on Friday. It was the best price recorded in 67 days, and in 2020. That was more than $1100 higher than the price recorded last Friday. In the last seven days, the most popular cryptocurrency improved its value by more than 12 percent. At the time of writing this, Bitcoin was trading at $8825. Bitcoin has
Gemini, a crypto-exchange and custodian owned by Internet entrepreneur twins Cameron and Tyler Winklevoss, launched a "Captive Insurance Company" or self-insurance company to provide Gemini Custody up to $200 million in insurance coverage for digital assets held by them on behalf of its clients.