Libra Association may consider launching a series of stablecoins based on national currencies such as the dollar, euro, instead of the previously proposed synthetic one, a basket of fiat currencies which includes U.S. Dollar, Euro, Japanese Yen, British Pound, and Singapore dollar. Source: Reuters. “[Libra association] is open to looking...
In a report published by G7 on stablecoin, the working group recognizes the challenges in cross-border payments which are slow, expensive and opaque. It finds crypto-assets such as Bitcoin, not a reliable alternative and attractive means of payment or store of value to replace the traditional payment system. The reasons...
Telegram, the messaging company plans to extend the TON launch from Oct 31, 2019, to Apr 30, 2020, in order to resolve the recently Securities and Exchange Commission (SEC) issued restraining order to halt the launch of TON and issuing grams tokens. Telegram began raising capital in January 2018 and...
Grayscale Investments, a digital currency asset manager released on Tuesday its Grayscale Digital Asset Investment Report. The report highlights strong performance across its products in Q3 2019. In Q3 2019, Grayscale across its product range saw strongest demand since its inception raising a total of approx $255 million. The demand...
The Oxford English Dictionary ‘OED’ has officially added the word ‘satoshi’ to its dictionary database. The additions were part of OED quarterly update. The Oxford English Dictionary defines Satoshi as: “The smallest monetary unit in the Bitcoin digital payment system, equal to one hundred millionth of a bitcoin.” The OED also...
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...
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,...
