US Treasury Secretary Says Firms Left Libra Due to Compliance Issues

U.S. Treasury Secretary Mnuchin said that firms are abandoning Libra due to its current inability to meet Anti-Money Laundering standards. United States Treasury Secretary Steven Mnuchin has attributed the recent spate of firms abandoning Facebook’s Libra stablecoin project to regulatory concerns. On CNBC’s Squawk Box on Oct. 14, Mnuchin stated that companies are abandoning the […]

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LiquidApps Releases Horizontal Blockchain Scaling Solution

LiquidApps has introduced a new blockchain scalability solution that can increase the decentralized processing power and capacity available to DApps developers. Blockchain development firm LiquidApps has introduced a new blockchain scalability solution for decentralized application (DApps) developers. The new service called vCPU aims to scale blockchain processing power horizontally, which provides more computing power per […]

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Electrum Bitcoin Wallet to Support Lightning Network in Next Release

Major Bitcoin wallet software Electrum will feature an in-house developed implementation of scalability solution Lightning Network in its next release. The next release of major Bitcoin (BTC) wallet software Electrum will support off-chain scalability solution Lightning Network (LN). The Electrum official Twitter account announced the upcoming LN integration in a tweet sent on Oct. 14. […]

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Singapore Shipping Association to Deploy Blockchain for Ship Registration

The Singapore Shipping Association, the International Chamber of Commerce and blockchain firm Perlin are jointly working on an e-registry for ships. The Singapore Shipping Association (SSA), the International Chamber of Commerce (ICC) and blockchain firm Perlin are jointly working on an e-registry for the ship registration and renewal process. Running on self-executing smart contracts The […]

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Coinbase CEO: Senate’s Pressure on Libra Association Is ‘Un-American’

Coinbase CEO Brian Armstrong says the U.S. Senate’s action to pressure Libra participants is “very un-American.” Coinbase CEO has criticized United States’ senators for asking Stripe, Mastercard and Visa to leave Facebook’s crypto project Libra. “Something feels very un-American about this” After U.S. Senators Brian Schatz and Sherrod Brown apparently pressured the payment giants to […]

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