A senior policy analyst has predicted that Walmart will have an easier time getting regulatory approval for its proposed cryptocurrency than Facebook. A senior policy analyst at investment banking corporation Cowen, Jaret Seiberg, said that Walmart’s proposed digital coin should not face as much regulatory pushback as Libra, Facebook’s proposed virtual currency. As Bloomberg reports […]
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The U.K.’s data protection authority has requested that Facebook provide details on how it will protect user data vis-a-vis the its proposed Libra stablecoin project. The U.K.’s Information Commissioner’s Office (ICO) has requested, along with a number of other jurisdictions, that the companies in the Libra Association provide details on how they plan to protect […]
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Financial services firm Standard Chartered completed its first joint blockchain-based supply chain financing transaction in cooperation with Linklogis. London-based bank and financial services firm Standard Chartered has completed its first joint blockchain-based supply chain financing transaction. Standard Chartered announced on Aug. 5 that the institution successfully ran their first joint deep-tier supply chain financing transaction […]
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A Thai regulator announced that the regulator will amend anti-money laundering regulation to prevent crypto use for illicit activities. A Thai regulator announced that the regulator will amend regulation to prevent crypto use for illicit activities, English-language local news outlet BangkokPost reports on Aug. 5. AMLO to focus on cryptocurrencies Per the report, Acting secretary-general […]
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Mastercard appears to be angling to enter the crypto wallet space with new job ads for blockchain and cryptocurrency-related product development. Mastercard appears to be angling to enter the crypto wallet space with new job ads for blockchain and cryptocurrency-related product development. According to updated job listings from the payments giant as of August 2, […]
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Regulatory frameworks for Bitcoin (BTC) and other cryptocurrencies have developed differently around the globe, ranging from outright bans to so-called “crypto-friendly” legislation. Despite being an economic leader, many within the crypto industry argue that the United States in particular has not yet gained a leading position among governments actively working to regulate this new technology. […]
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Facebook admits Libra may never launch at all, as some senators call on the U.S. to be a world leader in blockchain and crypto. Top Stories This Week Facebook warns investors that the Libra stablecoin may never launch The Libra storyline is fast becoming a never-ending soap opera — and we might be reaching the […]
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China’s central bank, the People’s Bank of China, has announced in a recent video conference that it is prioritizing the development of a national digital currency. China’s central bank, the People’s Bank of China (PBoC) announced that it accelerated the development of its cryptocurrency. In an Aug. 2 statement, PBoC summarized the proceedings of a […]
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Bitcoin is up almost 15% over the past seven days, with its price nearing the $11,000 mark. Sunday, Aug. 4 — Bitcoin (BTC) has continued to gain momentum today, with its price nearing the $11,000 mark. The top 20 cryptos by market capitalization are seeing mixed results on the day, with most gains and losses […]
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Bitcoin’s price steadily climbed from $9,100 to $10,900 over the past week. Is a move to $12,000 and higher back in the cards? Bitcoin (BTC) remains bullish and a multitude of metrics support this claim. Is this a trend reversal? Over the past week investors’ short-term sentiments about Bitcoin’s prospects appear to have improved. While […]
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