Payment Companies Pull Out Of Libra Project – October 14

๐Ÿ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:ย $8,327

Bitcoinย has once again remained relatively stationary over the weekend, and has a change of just 0.3% over the last 24 hours.

Top-20 altcoins are looking green, with XRP up 4%, while Ethereum, EOS, and BCH are all up just over 1% each over the last day of trading.

Top Stories for October 14, 2019 ๐Ÿ”ฅ

๐Ÿ‘‰ Payment Companies Pull Out Of Libra Project

Visa, Mastercard, Stripe, eBay, and others have all followed PayPal’s lead, and withdrawn their support from Facebook’s Libra project.

The payment companies had received letters from US senators just days before, which essentially threatened the firms.

The letters read: “If you take this on, you can expect a high level of scrutiny from regulators not only on Libra-related payment activities, but on all activities”.

๐Ÿ‘‰ Telegram’s Cryptocurrency Project Halted by SEC

The SEC has successfully filed a restraining order on Telegram, halting their cryptocurrency project and the trading of its tokens in the US.

The agency has classified the “Gram” token as a security, and accused the company of running an illegal security offering, violating the Securities act of 1933.

๐Ÿ‘‰ Australian Mint Launches Gold-Backed Token

The Perth Mint (Australia) has launched its own digital token, backed by gold in its vaults.

The “Perth Mint Gold Token” can be physically deliverable to the user’s door, and is convertible to cash using a mobile app.