Calibra CEO Argues that Libra Poses No Threat to Nations’ Monetary Sovereignty
Sep16

Calibra CEO Argues that Libra Poses No Threat to Nations’ Monetary Sovereignty

On Monday, The Bank for International Settlements hosted a meeting in Basel, Switzerland to discuss the issue of stablecoins like those proposed by Facebook and J.P. Morgan. After the meeting, Calibra CEO David Marcus took to Twitter to try to allay any concerns policymakers might have about Libra’s potential for threatening the monetary sovereignty of the modern nation-state.

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US Treasury Announces Sanctions Targeting North Korean Cyber Attack Groups
Sep15

US Treasury Announces Sanctions Targeting North Korean Cyber Attack Groups

On Friday, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced new sanctions against three North Korean cyber groups believed to be responsible for cyber-attacks on financial institutions, cryptocurrency exchanges, and other critical infrastructure.

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French Finance Minister Wants to Block Libra in Europe
Sep14

French Finance Minister Wants to Block Libra in Europe

French Finance Minister Bruno Le Maire warned that his country wants to prevent Facebook Libra development in the European Union due to concerns about its risk to national governments’ ‘monetary sovereignty’ and potential abuse, the BBC reports. Le Maire made the comments during a Paris meeting of the Organization for Economic Co-operation and Development.

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Circle CEO Says China’s CBDC Could Help ‘Internationalize’ Yuan
Sep13

Circle CEO Says China’s CBDC Could Help ‘Internationalize’ Yuan

The People’s Bank of China (PBOC) has suggested that its plans to launch its own digital currency are primarily motivated by a desire to protect its foreign exchange sovereignty. However, Circle CEO Jeremy Allaire believes that the move could also help promote broader use of China’s currency around the world.

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Marshall Islands Pushing Forward with Digital Currency Plans
Sep12

Marshall Islands Pushing Forward with Digital Currency Plans

The Marshall Islands is moving forward with its plans to develop a blockchain-based national digital currency that the government hopes will reduce reliance on the U.S. dollar, Bloomberg reported on Wednesday. When launched, the Marshallese sovereign (SOV) is expected to be recognized as the island nation’s legal tender.

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Blockstack Raises $23 Million in First SEC-Approved Token Offering
Sep11

Blockstack Raises $23 Million in First SEC-Approved Token Offering

Blockstack has announced that its SEC-approved token offering closed on September 9, after raising a total of $23 million. Blockstack co-founder and CEO Muneeb Ali announced the news in a recent blog post that thanked the thousands of investors who participated in the sale:

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Treasury Official: Libra Must Comply with US AML/CTF Regulations
Sep10

Treasury Official: Libra Must Comply with US AML/CTF Regulations

If Facebook’s Libra project expects to operate within the United States, it will need to do so in full compliance with U.S. anti-money laundering and counter-terror financing regulations, according to U.S. Under Secretary of Terrorism and Financial Intelligence Sigal Mandelker.

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Tether Confirms Launch of Yuan-Backed CNHT
Sep09

Tether Confirms Launch of Yuan-Backed CNHT

Tether today announced the launch of its CNHT cryptocurrency, a stablecoin that will be pegged to the offshore Chinese yuan (CNH). The launch was confirmed in an announcement posted on the company’s website on Monday.

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Binance to Launch US Services in ‘Coming Weeks’
Sep08

Binance to Launch US Services in ‘Coming Weeks’

Binance has outlined its plan for the launch of Binance.US, including the steps customers will need to take to register. In a recent post on Medium, Binance detailed the know-your-customer requirements customers must meet and confirmed that the service will be available in the United States in the “coming weeks.”

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Dorsey Still Betting on Bitcoin; No Plans for Twitter Coin
Sep07

Dorsey Still Betting on Bitcoin; No Plans for Twitter Coin

Twitter founder and longtime Bitcoin backer Jack Dorsey recently confirmed that he is still a Bitcoin believer, while noting that his company has no plans to create its own cryptocurrency. That’s according to comments he made to the Sydney Morning Herald during a recent Square promotion trip to Australia.

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Report: Burundi Bans Cryptocurrency Trading
Sep06

Report: Burundi Bans Cryptocurrency Trading

The Bank of the Republic of Burundi has banned cryptocurrency trading in the country, according to a recent Bloomberg report. The central bank’s decision was in response to public requests to intervene from citizens who suffered losses from digital currency trading.

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Korea’s SM Entertainment, CT-AI Labs Plan to Develop Blockchain Platform
Sep05

Korea’s SM Entertainment, CT-AI Labs Plan to Develop Blockchain Platform

South Korean music firm SM Entertainment has reportedly partnered with technology firm CT-AI Labs to develop a blockchain platform to serve as a “bridgehead between the virtual world and the real world,” ITChosun reports. CT-AI Lab CEO Joo Sang Sik announced the plans during the UPBIT Developer Conference.

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Blockchain Analytic Firm Elliptic Raises $23 Million in Funding
Sep05

Blockchain Analytic Firm Elliptic Raises $23 Million in Funding

London-based blockchain analytics company Elliptic has reportedly raised $23 million in funding, CNBC reports. On Wednesday, the company announced that it would use the funds to further expand into the Asian market and add support for new digital currencies like the Line Corporation’s Link, Facebook’s Libra, and central bank digital currencies.

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Dutch Central Bank to Begin Crypto Regulation on January 10
Sep03

Dutch Central Bank to Begin Crypto Regulation on January 10

The Netherlands central bank, De Nederlandsche Bank, announced Tuesday that it will start regulating cryptocurrency services on January 10, 2020, Reuters reports. According to the central bank’s statement announcing the news, digital asset companies in the Netherlands will need to register to do business in the country:

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HERo Announces Launch of Membership Platform for Empowering Female Professionals and Entrepreneurs
Sep02

HERo Announces Launch of Membership Platform for Empowering Female Professionals and Entrepreneurs

CHICAGO, Illinois – September 1, 2019 – HERo today announced the launch of the HERo membership platform, designed to empower female professionals, business owners, women’s groups, and others. The membership program will officially launch in September and will be open to male and female business professionals who want to expand their reach and further their careers.

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China Telecom Eyes Blockchain-Enabled 5G Phones
Sep01

China Telecom Eyes Blockchain-Enabled 5G Phones

State-owned Chinese telecommunications company China Telecom is reportedly planning to develop blockchain-enabled 5G smartphone SIM cards, Sina News reported this week. The plans were apparently confirmed in a white paper released by the China Telecom Blockchain and Digital Economy Joint Lab at the 2019 China International Intelligent Industry Expo.

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SEC Announces Settlement with Dallas-Based Crypto Firm Accused of Defrauding Investors
Aug31

SEC Announces Settlement with Dallas-Based Crypto Firm Accused of Defrauding Investors

The U.S. Securities and Exchange Commission announced this week that it has reached a settlement with Dallas-based cryptocurrency firm Bitqyck Inc. In a press release, the SEC said that the company and its founders has defrauded investors who purchased its digital assets. The defendants were also accused of operating an unregistered exchange.

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Binance Plans to Seek Regulatory Buy-In for Its Venus Project
Aug30

Binance Plans to Seek Regulatory Buy-In for Its Venus Project

Binance co-founder He Yi has confirmed that his exchange plans to engage with regulators to obtain regulatory buy-in, to avoid the type of regulatory pushback Facebook has received since announcing its Project Libra plans, Bloomberg reports. According to her, Binance plans to focus on compliance prior to launching in any country.

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Portugal Tax Agency Confirms Crypto Trades and Pmts Not Subject to VAT
Aug29

Portugal Tax Agency Confirms Crypto Trades and Pmts Not Subject to VAT

The Portuguese Tax and Customs Authority has confirmed that cryptocurrency users are not subject to the Value Added Tax (VAT) when trading digital assets or using them for payments, according to a report from Jornal de Negócios. In addition, the agency indicated that cryptocurrency use is also free from income tax obligations.

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Telegram Investors Claim Company Will Issue First Gram Tokens Within Two Months
Aug28

Telegram Investors Claim Company Will Issue First Gram Tokens Within Two Months

Social messaging app company Telegram plans to launch its new Gram digital currency by the end of October, the New York Times reported on August 27. The firm has reportedly told investors that the first coins will be issued sometime in the next two months. That’s according to three investors who spoke with the Times anonymously, due to nondisclosure agreements.

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