The U.S. Senate will hear views and analysis on Facebook’s new cryptocurrency, Libra. The Banking Committee of the United States Senate will hear testimony on Facebook’s Libra cryptocurrency project on July 16, economic news site MarketWatch reports on June 19. The social media giant released the white paper for its Libra token yesterday. The stablecoin, […]
Continue Reading
A spokesperson for Calibra, Facebook’s new digital wallet, says it will not be available in U.S.-sanctioned countries, or those that have banned cryptocurrencies. Facebook’s Calibra digital wallet will not be available in some of the social network’s largest markets, including India, according to a TechCrunch report on June 19. A spokesperson told the website: “The libra blockchain will be […]
Continue Reading
Cryptocurrency exchange KuCoin announces trading pairs with Binance Coin, says it will support Binance Chain-based projects. Singapore-based cryptocurrency exchange KuCoin has announced that it is now listing the cryptocurrency Binance Coin (BNB) issued by the exchange Binance, according to a press release on June 19. KuCoin will reportedly offer BNB trading pairs with Bitcoin (BTC) […]
Continue Reading
The concept of CBDCs has been steadily drawing the attention of jurisdictions worldwide. This month alone, at least three separate countries have reported on their prospective central bank-issued digital currencies (CBDCs): The Republic of the Marshall Islands (RMI) announced the creation of a specially dedicated nonprofit organization to support its digital currency that is already […]
Continue Reading
The chairman of the Russian State Duma Committee on Financial Market said that Facebook’s forthcoming cryptocurrency Libra will not be legalized in Russia. Chairman of the Russian State Duma Committee on Financial Market Anatoly Aksakov has said that Facebook’s forthcoming cryptocurrency Libra will not be legalized in Russia, local news outlet TASS reported on June […]
Continue Reading
Token says it will use the investment to develop its operating system and “accelerate new ways of innovating payments with digital money and ID solutions.” Fintech firm Token has received a $16.5 million injection from investors including the venture arm of banking giant BNP Paribas, a news release announced on June 18. The self-described open banking platform says […]
Continue Reading
The majority of the top 20 coins are trading sideways, while litecoin is seeing the biggest gains, following a crypto debit card announcement. Wednesday, June 19 — Crypto markets are trading sideways, with the majority of the top 20 coins by market cap seeing losses, according to data from Coin360. Market visualization from Coin360 Bitcoin […]
Continue Reading
Bereaved families who place an obituary for a loved one in a newspaper will now be able to instantly trigger searches for a matching life insurance policy. MetLife subsidiary LumenLab is using blockchain technology to automate life insurance claims, according to a news release published on June 17. Known as “Lifechain,” the collaboration with Singapore Press Holdings and NTUC […]
Continue Reading
Visa launches a blockchain-based centralized payment settlement service for international business transactions, challenging USC and Ripple. Visa has launched a payment system for business-to-business (B2B) transactions partially based on blockchain technology. The United States payment behemoth says its platform, called Visa B2B Connect, offers seamless cross-border payment processing for institutional clients without going through the complex web of third-party […]
Continue Reading
Web server security service firm Cloudflare announced the launch of its Ethereum gateway. Web server security service firm Cloudflare announced the launch of its Ethereum gateway in a blog post on June 19. Per the announcement, the gateway — which is part of the company’s broader Distributed Web Gateway toolset — lets users “interact with […]
Continue Reading