The regulatory pushback on Facebook’s digital currency project Libra appears to be putting the frighteners on some of its commercial partners, with several companies currently considering their positions, according to the FT. The news comes after reports emerged that competition watchdogs at the European Commission have begun probing potential anti-trust issues relating to Facebook’s plans, […]
Stable-coins are not the future of Crypto
The future of stablecoins isn’t really about stablecoins, but cryptocurrency as a whole. The ebb and flow of the cryptocurrency market continues to be volatile and far from predictable. The good news is that there is a solution that could disrupt and “stabilise” the cryptocurrency market. This solution is already in use. We are talking about stablecoins. Stable-coins […]
Ethereum could become the first public blockchain on Hyperledger
Ethereum could become the first public blockchain on Hyperledger – if the open-source consortium’s technical steering committee approves a proposal to adopt the ConsenSys-backed Pantheon project. Pantheon is a suite of ethereum-based services built by PegaSys, a 50-strong engineering team at ConsenSys. The Pantheon ethereum client, built on Java, is used to develop enterprise applications with […]
Ripple Partnership Provides New Payment Rail for UK Remittance Firm
Distributed ledger startup Ripple has added a new client to its global settlements platform, RippleNet. UK-based remittance firm, Xendpay, announced a partnership with Ripple that allows the firm to enter new markets like the Philippines, Bangladesh, Malaysia, Vietnam, Indonesia, and Thailand. According to a statement published August 21, RippleNet supports currencies that were previously inaccessible to the remittance firm. […]
Facebook’s Libra faces anti-trust review by EU watchdogs
Competition watchdogs at the European Commission have begun probing potential anti-trust issues relating to Facebook’s digital currency project Libra. The European Commission is “currently investigating potential anti-competitive behavior” related to the Libra Association amid concerns the proposed payment system would unfairly shut out rivals, the EU authority said in a questionnaire seen by Bloomberg and […]
Erik Finman, the teenage bitcoin millionaire
A cryptocurrency entrepreneur who became a bitcoin millionaire when he was still a teenager has launched a new venture that he claims will “kill” Facebook‘s Libra. Erik Finman, 20, says peer-to-peer platform Metal Pay will be the first “all-in-one” cryptocurrency payments app and will change the way people send and receive money. Erik Finman, the teenage bitcoin millionaire. “We’re going to […]
World Bank Sells $33.8 Million More of Its Private Ethereum Blockchain Bonds
The World Bank has issued a second round of its landmark blockchain bonds. The international financial institution raised another $50 million AUD ($33.8 million U.S.) by selling the “blockchain-operated debt instrument” (bond-i), according to Commonwealth Bank of Australia (CommBank), which managed the sale jointly with RBC Capital Markets and TD Securities. Both new and existing investors participated, CommBank […]
How Do Ethereum Smart Contracts Work?
Agoric’s plans for smart contracts that span multiple blockchains If you think smart contracts began with Etherum or even Nick Szabo think again. Dean Tribble, founder and CTO of Agoric, claims they go all the way back to 1989, when Tribble, Mark Miller, now chief scientist at Agoric and others were working on at the American […]
UK Advertising Watchdog Upholds Complaints
The U.K. Advertising Standards Authority (ASA) has upheld complaints over a bitcoin ad placed by crypto derivatives exchange BitMEX (HDR Global Trading).UK Advertising Watchdog Upholds Complaints. The advertising regulator published its decision on Wednesday, saying that it supported the four complaints against the ad that had claimed it “failed to illustrate the risk of the […]
Barclays Is No Longer Banking Coinbase
The most prestigious banking relationship in crypto has ended. Barclays, the London-based global bank, is no longer working with cryptocurrency exchange Coinbase, industry sources told CoinDesk. And while Coinbase found a replacement in U.K. upstart ClearBank, according to people familiar with the situation, the change has indirectly inconvenienced the exchange’s users. That’s because, aside from […]