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No Libra style digital currencies without rules, say EU finance ministers

No Libra style digital currencies without rules, say EU finance ministers European Union finance ministers have agreed a defacto ban on the launch in the region of so-called global ‘stablecoins’ such as Facebook’s planned Libra digital currency until the bloc has a common approach to regulation that can mitigate the risks posed […]

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Libra’s critics are missing the forest for the trees

Libra’s critics are missing the forest for the trees Nik Milanovic Contributor Share on Twitter Nik Milanovic is a fintech and financial inclusion enthusiast, with a decade of work across mobile payments, online lending, credit and microfinance. More posts by this contributor Libra’s critics are missing the forest for the trees What […]

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Cryptocurrency’s bad day continues as the SEC blocks Telegram’s $1.7 billion planned token sale

Cryptocurrency’s bad day continues as the SEC blocks Telegram’s .7 billion planned token sale Cryptocurrency’s bad news day continues to get worse as the U.S. Securities and Exchange Commission has said it has filed an emergency action and received a restraining order for the $1.7 billion planned token offering of Telegram’s blockchain. […]

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PayPal is the first company to drop out of the Facebook-led Libra Association

PayPal is the first company to drop out of the Facebook-led Libra Association PayPal is the first company to walk away from Facebook’s Libra cryptocurrency. PayPal’s decision to take its ball and go home was first reported by The Wall Street Journal . “PayPal has made the decision to forgo further participation […]

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Art on blockchain pioneer Verisart raises $2.5M for art and collectibles certification

Art on blockchain pioneer Verisart raises .5M for art and collectibles certification A lot of talk has been made about verifying valuable items on an immutable blockchain, but the main pioneer in this space has been Verisart, which appeared a few years ago to use a blockchain to create certification for the […]

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Elk, a blockchain dev board for decentralized IoT, launches on Kickstarter

Elk, a blockchain dev board for decentralized IoT, launches on Kickstarter Hardware developers toying with the idea of building physical stuff that can plug into the decentralized world of blockchain should point their eyes at Elk: A dev board in the making that’s been designed to support all sorts of IoT projects […]

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VertoFX raises $2M for its African and EM currency trading platform

VertoFX raises M for its African and EM currency trading platform VertoFX, an Africa and emerging markets focused currency trading and payment startup, has raised a $2.1 million seed round, led by Accelerated Digital Ventures. The London based company, with a subsidiary in Lagos, Nigeria, has created a platform that allows businesses […]

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Congressional testimony reveals some faults in Facebook’s digital currency plans

Congressional testimony reveals some faults in Facebook’s digital currency plans As Facebook continues to lay the foundation for getting some of the world’s largest payment processing and technology companies a seat at the global monetary policy table, the company faces significant obstacles to enacting its plans from both sides of the Congressional […]

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Facebook reportedly hasn’t contacted the regulator it says will oversee Libra’s privacy and data security

Facebook reportedly hasn’t contacted the regulator it says will oversee Libra’s privacy and data security A Swiss regulatory agency that Facebook executive David Marcus said in Congressional testimony would be responsible for overseeing data and privacy protections for the company’s newly launched cryptocurrency, Libra, has not been contacted by Facebook, according to […]

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How Facebook’s Libra is similar in concept and motivation to Kik’s Kin cryptocurrency

How Facebook’s Libra is similar in concept and motivation to Kik’s Kin cryptocurrency Facebook unveiled its Libra cryptocurrency initiative today, which is part of an alternative financial system (including new subsidiary and wallet ‘Calibra‘) it aims to build alongside industry and academic partners including MasterCard, PayPal, Visa, Uber, Andreessen Horowitz and Creative […]

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