In a letter issued by two US senators, Sherrod Brown and Brian Schatz to the CEOs of payments firms VISA, Mastercard and Stripe, senators share their concern about the Facebook-initiated Libra project. US senators, Sherrod Brown and Senator Brian Schatz said in the letter, “Public reporting suggests that potential Libra...
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...
PayPal withdraws its application from Facebook’s Libra association, a group of members to oversee the governance of Libra network. Since the announcement of Facebook -initiated cryptocurrency project, Libra in June 2019, policymakers and governments around the world have backlash the project claiming that it could risk destabilizing the monetary system....
Since the announcement of Facebook’s plans to launch a cryptocurrency project, Libra, it came under fire from policymakers around the world. Governments/regulators around the world are concerned that the new money system could endanger their monetary sovereignty and users’ data privacy. The events that followed after the announcement made one...
Nebulous, the company building Sia Network, a decentralized cloud storage platform, announced today that it has entered into a settlement with the U.S. Securities and Exchange Commission (SEC). The settlement relates to SEC allegation that Nebulous conducted an unregistered offer and sale of Sianotes in May 2014 which gives holders...
Block.One, the company building EOSIO, announced today a settlement with U.S. Securities and the Exchange Commission (SEC) for an unregistered sale of EOS tokens. Block.one will pay a one-time fine of US$24 million. Additionally, the SEC has also granted Block.one with an important waiver so that Block.one will not be...
Leading crypto-financial firms have developed a system to score which cryptocurrency assets are more or less likely to be a security. Its council members include Coinbase, Kraken, Circle, Bittrex, etc. The score will guide crypto-financial firms like exchanges or investment management firms to determine if to provide services for the...
Global POS is developing a payment system which will allow more than 25,000 outlets in France to accept Bitcoin and other Cryptocurrencies as means of payment. The system will be ready for use by early 2020. The new payment system is jointly developed by Global POS, Easy2Play, and the EasyWallet. The...
As Facebook gets ready to launch its cryptocurrency in 2020, the group is putting the pieces together. As per the TechCrunch report, Facebook has acquired Servicefriend, a startup which builds chatbots to automate conversational interfaces over WhatsApp and Messenger. According to the co-founder and a few other employees Linkedin profiles,...
