Libra council members meeting on 14th Oct in Geneva, Switzerland was attended by all remaining 21 members. The members formally signed the charter. Additionally, the council appointed the board of directors for the Libra project. The 5 person board includes: Calibra cofounder David Marcus, Andreessen Horowitz general partner Katie Haun,...
As things were just starting to settle down, Facebook’s initiated Libra stablecoin lost another key founding member, Booking Holdings, an online travel company that operates websites Booking.com, Kayak.com, and Priceline.com. Additionally, warning from G7 members that the stablecoins must not go ahead until the company proves it is safe and...
The much anticipated Korea Blockchain Week took place in Seoul, South Korea, from Sep. 27, 2019 to Friday, Oct. 4, 2019. During the event, the city hosted blockchain luminaries, startups and entrepreneurs. The main conference of the event, known as D.FINE, took place between September 30th and October 1st at...
In a draft report from G7 nations, the group says that the stablecoins must not go ahead until the company proves it is safe and secure. The warning applies to all stablecoin projects including Facebook’s Libra. Source: BBC news. The report from G7 adds that even if stablecoins backers satisfy...
Telegram responses to TON investors about the recent allegation brought by the U.S. SEC about their token offers and sales. In a letter to investors, Telegram said they were actively interacting with the US SEC over the past 18 months. They are surprised and disappointed that the SEC chose to...
The Securities and Exchange Commission (SEC) today announced that it has filed an emergency action and obtained a temporary restraining order against Telegram Group Inc and its subsidiary ‘TON’ Issuer Inc who conducted an unregistered offering for Telegram’s TON tokens in the U.S. and overseas. According to the SEC’s complaint,...
Just days before Facebook’s planned Libra association members meeting, eBay, Visa, Mastercard, Stripe and Mercado Pago have made the decision to not move forward with the Facebook initiated Libra cryptocurrency project. Just last week, PayPal announced its withdrawal from Libra Association. Now other payment firms (Visa, Mastercard, Stripe and Mercado Pago) also leaving,...
The U.S. Securities and Exchange Commission (SEC) rejects the Bitwise Bitcoin ETF proposal. The SEC announced on Oct, 9th that the Bitwise Bitcoin ETF proposal has not met the requirement under the Exchange Act and the Commission’s Rules of Practice to prevent fraudulent and manipulative acts and practices. SEC to...
UK regulator (FCA) recently proposed a ban on the sale of crypto derivatives and exchange-traded notes to all retail consumers. The reason for this proposed change is that retail consumers lose money by investing in the extremely volatile crypto market. Replying to UK regulators, the World Federation of Exchanges has...
Abu Dhabi Department of Urban Planning and Municipalities has partnered with Tech Mahindra, an Indian IT firm to build a blockchain solution for the land registry. All property-related documents issued by the municipalities will be stored in the blockchain. The blockchain-based solution is a step towards using new-age technologies to...
