Visa, Mastercard, PayPal & Stripe Hadn't Join Libra

Payment providers fear that participation in the project will negatively affect their relations with regulatory authorities along with other concerns
02 October 2019   363

Payment companies Visa, Mastercard, PayPal and Stripe are in no hurry to sign official documents on participation in the digital currency project Facebook, Bloomberg reports.

Firms believe that Facebook is exaggerating the level of support for the project from regulators, who express more and more doubts about Libra. Payment providers fear that participation in the project will negatively affect their relations with regulatory authorities, which are critically important for their business.

Companies are also concerned about Facebook data processing and privacy issues.

Facebook is keen to sign the Libra Association by October 14 to formally secure the participation of companies announced in June in the consortium. Despite the fact that the signing of the charter does not oblige potential participants to invest $ 10 million in the project, they hesitate regarding this step.

The Minister of Finance of France Bruno Le Mayr spoke out against the development of the Libra project in Europe, the German government went even further, deciding to ban all such stablecoins.

Bittrex to Go For Maintenance After 1/3 Funds Moved

Users suspects hack, but exchange says "funds are safe"
05 December 2019   75

The Bittrex cryptocurrency exchange has announced scheduled maintenance today, December 5, from 22:00 to 23:00 (GMT). On the eve, a third of its assets were transferred to an unknown wallet.

During maintenance, users will not be able to log into the system or use the APIs. Trading will be suspended.

On December the 4th, populat Twitter account posted that "43,564 #BTC (313,074,134 USD) transferred from Bittrex to unknown wallet." Users suspected that the exchange was hacked, but the exchange . 

Closures for scheduled maintenance only heightened suspicion. However, the Bittrex team assures that "that claim is false."