Susan Stoner Zook, former assistant to Senate Banking Committee Chair Mike Crapo, will be part of Facebook’s Libra lobbying team. Facebook hired former assistant of United States Republican senator Mike Crapo, Susan Stoner Zook, to join the lobbying team for its Libra stablecoin. Facebook doubles down on Libra lobbying News outlet Politico reported on Aug. […]
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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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Cryptocurrency exchange Bittrex has completed switching Tether from the OMNI-based implementation of the stablecoin to the ERC-20 one. American cryptocurrency exchange Bittrex has completed switching Tether (USDT) from the OMNI-based implementation of the stablecoin to the ERC-20 standard on the Ethereum network. Bittrex announced that USDT deposits and withdrawals are now open in a tweet […]
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Coinbase says it is working on support for eight new cryptocurrencies, and ultimately aims to support many more. Major crypto platform Coinbase announced today that it is exploring support for eight new digital assets. The expansion is part of a larger agenda by the exchange to give customers access to 90% of the aggregate market […]
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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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Good or bad sign? The New York attorney general’s injunction against Bitfinex has been extended. The saga continues. Despite everything that’s been said about Tether and Bitfinex, defying all the scrutiny and suspicion, they continue to survive as a controversial pillar of the global crypto ecosystem. And in their ongoing legal battle with the New York State […]
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South Korean fashion platform Sinsang Market has joined the ecosystem of the Terra Alliance, a stablecoin-focused association of large e-commerce companies. South Korean business-to-business fashion platform Sinsang Market has joined the Terra Alliance ecosystem, a stablecoin-focused association of large e-commerce companies. As South Korean economics-oriented newspaper EconoNews reported on Aug. 3, the partnership between Sinsang […]
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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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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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