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The crypto rich find security in Anchorage

The crypto rich find security in Anchorage Not the city, the $57 million-funded cryptocurrency custodian startup. When someone wants to keep tens or hundreds of millions of dollars in Bitcoin, Ethereum, or other coins safe, they put them in Anchorage’s vault. And now they can trade straight from custody so they never […]

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Libra claims 180 potential replacements for 7 mutineers

Libra claims 180 potential replacements for 7 mutineers Attempting to signal its popularity despite high-profile defections from Visa, Stripe, and more, the Facebook-led cryptocurrency Libra Assocation announced that 1,500 organizations have expressed interest in joining the Libra project. 180 of those meet eligibility requirements to become members, which could replace the 7 […]

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Why each Libra member’s mutiny hurts Facebook

Why each Libra member’s mutiny hurts Facebook There’s a strategic cost to the defection of Visa, Stripe, eBay, and more from the Facebook -led cryptocurrency Libra Association . They’re not just names dropping off a list. Each potentially made Libra more useful, ubiquitous, or reputable. Now they could become obstacles to the […]

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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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Who gets to own your digital identity?

Who gets to own your digital identity? Christoffer O. Hernæs Contributor Christoffer O. Hernæs is chief digital officer of Sbanken, Norway’s first digital-only bank and leading challenger bank. More posts by this contributor Do you need a blockchain? Is technology contributing to increased inequality? “On the Internet, nobody knows you’re a dog,” […]

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Libra, Facebook’s global digital currency plan, is fuzzy on privacy, watchdogs warn

Libra, Facebook’s global digital currency plan, is fuzzy on privacy, watchdogs warn Privacy commissioners from the Americas, Europe, Africa and Australasia have put their names to a joint statement raising concerns about a lack of clarity from Facebook over how data protection safeguards will be baked into its planned cryptocurrency project, Libra. […]

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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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Highlights from Facebook’s Libra Senate hearing

Highlights from Facebook’s Libra Senate hearing Facebook will only build its own Calibra cryptocurrency wallet into Messenger and Whatsapp, and will refuse to embed competing wallets, the head of Calibra David Marcus told the Senate Banking Committee today. Calibra will be interoperable so users can send money back and forth with other […]

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Facebook answers how Libra taxes and anti-fraud will work

Facebook answers how Libra taxes and anti-fraud will work Facebook provided TechCrunch with new information on how its cryptocurrency will stay legal amidst allegations from President Trump that Libra could facilitate “unlawful behavior”. Facebook and Libra Association executives tell me they expect Libra will incur sales tax and capital gains taxes. They […]

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We still don’t know how much of Libra Facebook owns

We still don’t know how much of Libra Facebook owns The $10 million entry fee to join the Facebook-developed cryptocurrency’s Libra Association is merely a minimum. Members who’ll verify transactions can opt to invest more in exchange for more Libra Investment Tokens that will earn them dividends from the interest earned by […]

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