Binance Venus to benefit from Facebook’s regulatory woes. Cryptocurrency exchange Binance has said that it will learn from the regulatory issues that have plagued Facebook’s proposed Libra digital currency. In an interview, Aug 29, Binance co-founder He Yi claimed that the company will engage with regulators from day one regarding its Venus stablecoin project. He […]
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China’s central bank has refuted recent reports of its plans to launch a state-backed cryptocurrency in the coming months, state-owned media claims. The Global Times claims that China’s central bank has refuted recent reports of its plans to launch a state-backed cryptocurrency this November. The Global Times is China’s national English language tabloid, under the […]
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PNC bank has become the first United States bank to start using the RippleNet blockchain network for cross-border payments. PNC — the United States’ eighth-largest bank, with almost $400 billion in assets — has become the country’s first to start using the RippleNet blockchain network for cross-border payments. Fintech Futures reported on Aug. 29 that […]
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Countries and internet companies hold on to hard stances on cryptocurrency advertising, as the industry seeks to survive the challenges. The United Kingdom’s Advertising Standards Authority (ASA) recently resolved a complaint regarding advertising of Bitcoin (BTC) from the BitMEX crypto derivatives exchange. According to the ASA, the website showed Bitcoin graphs with misleading price dynamics […]
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What’s driving regulatory processes around crypto, and why should we welcome restrictions on an industry that has so far enjoyed nearly unbridled freedom? When we hear about holders of crypto being tracked down by the Internal Revenue Service, or that imprisonment is being considered for anyone using crypto in India, it conjures up a disconcerting […]
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Three anonymous sources confirmed Telegram had set a release period over the next two months for its Gram token. Encrypted messaging app Telegram will launch its digital currency, the Gram, in October, investors have told mainstream media. Telegram tokens due in two months As the New York Times reported on Aug. 27, three anonymous investors […]
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Eight institutions will reportedly receive the first installment of China’s upcoming central bank-issued digital currency, including Alibaba and Tencent. According to sources, the People’s Bank of China is giving its first round of central bank digital currency (CBDC) to online retail giant Alibaba, Internet giant Tencent, five banking organizations and one unknown entity. The first […]
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The vice-chairman of Swiss National Bank says that Libra’s documentation is vague and still missing some details. Switzerland’s central bank, Swiss National Bank (SNB) is in close contact with the relevant authorities over Facebook’s Geneva-based crypto project Libra. The news comes from SNB vice-chairman Fritz Zurbruegg via a Reuters report from Aug. 27. Libra documentation […]
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The Libra Association announces the expansion of its bug bounty program to the public as Facebook and Libra continue to address regulatory concerns. The Libra Association has opened its bug bounty program to the public to address security concerns in advance of Libra’s anticipated 2020 launch. Expanding the playing field The announcement comes via a […]
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Button Wallet is launching a free testing service on the Telegram Open Network in a bid to drive cryptocurrency adoption among Telegram’s 300 million users. Non-custodial and multi-cryptocurrency wallet provider Button Wallet is launching a free testing service on the Telegram Open Network (TON) in a bid to drive crypto adoption among Telegram’s 300 million […]
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