Resistance from regulators around the world prompts Facebook to ‘rethink’ its plan for its Libra digital currency, it is reported
News Cryptocurrency
IOTA Cryptocurrency Still Offline Following Heists
IOTA fixes bug in desktop cryptocurrency wallet after crooks make off with more than $1m, but network has remained offline since last week
Cryptocurrency Attendees Should Avoid North Korean Conference, Warns UN
Experts at the United Nations (UN) warn attendees of upcoming cryptocurrency conference in North Korea they could be cited for sanctions busting
Swiss President Says Facebook’s Libra Has ‘Failed’ In Current Form
Facebook’s Libra cryptocurrency cannot be approved without changes, says president of Switzerland, where Libra Association has headquarters
The Promise of the Blockchain
The blockchain could become one of the most disruptive technologies ever created. However, with sluggish uptake, what is preventing the blockchain from fulfilling its promise, and how can enterprises leverage the blockchain to deliver tangible change across their organizations?
John McAfee Launches Second Presidential Bid
President McAfee? Bid to become president of the United States launched by colourful former security tycoon John McAfee
Securities Coordinator Recommends Cautious Approach To Facebook’s Libra
Libra and other globally recognised stablecoins pose ‘serious’ risks but the right regulatory approach could allow their benefits to be realised, says IOSCO
Facebook Considers Alternative Approaches To Libra
Project could use multiple coins pegged to national currencies rather than a single synthetic cryptocurrency, Facebook says, as regulatory pressure mounts
Facebook Announces Libra Board, Amid Departures
Dead man walking? Libra announces board, despite being rocked by pull out by five major payments providers
PayPal Pulls Out Of Facebook’s Crytocurrency Plans
Online payments provider says it wants to focus on its own core business, as Libra cryptocurrency continues to draw fire from regulators and central bankers
Police Auction £240,000 Of TalkTalk Hacker’s Cryptocurrency
Police sell off cryptocurrency seized from TalkTalk hacker Elliott Gunton, in a case that is the first of its kind for a UK police force
Libra Cryptocurrency Launch ‘May Be Delayed’ Over Regulatory Concerns
Head of Libra Association says group’s priority is to make sure regulators are ‘fully on board’ and emphasises currency’s independence from Facebook
Facebook Meets With Global Regulators Over Libra Concerns
Twenty-six central banks to grill Facebook on plans for Libra cryptocurrency as concern mounts over potential threat to monetary stability
Facebook’s Libra Currency To Face Tough Swiss, US Scrutiny
The Switzerland-based Libra digital currency will face tough US and Swiss scrutiny, officials warn
ECB Warns Of ‘Beguiling’ Siren Call Of Facebook’s Libra
Libra cryptocurrency could undermine European Central Bank’s ability to set monetary policy, and public trust in money itself, bank warns
Court Orders Jailed Hacker’s Seized Bitcoin To Be Sold To Pay Victims
Nearly £1m in Bitcoin taken from imprisoned hacker Grant West is to be sold to compensate victims, in a first-of-its-kind case for the Met
Initial Backers Of Facebook’s Libra ‘Consider Pulling Out’
At least three of the Libra Association’s initial partners said to be looking to distance themselves from the project amidst harsh regulatory response
UK Data Protection Watchdog Raises Facebook Libra Concern
Facebook’s proposed digital currency faces calls for more information about how user data will be protected
FCA Expresses Concern At Lack Of Cryptocurrencies Safeguards
Financial Conduct Authority warns bitcoins and other cryptocurrencies have no intrinsic value
Libra Cryptocurrency Scams Found On Facebook, Instagram
Facebook’s own platforms found to be used in scams related to Libra cryptocurrency, adding to regulatory pressure over the controversial plans
France To Approve First Cryptocurrency Firms Under New Rules
France is looking to attract initial coin offerings and other cryptocurrency-related organisations amidst controversy over Facebook’s Libra
Facebook Promises Congress It Will Address Libra Cryptocurrency Concerns
Company’s comments follow criticism of Libra by US Treasury Secretary and Chairman of Federal Reserve amidst broader scepticism and hostility
Banks Stay Away From Facebook’s Libra Over Regulatory Risk
Banks also cite their own competing payment projects and past failed digital wallets as reasons to be sceptical of Libra
Financial Conduct Authority Proposes Ban On Crypto-Derivatives
FCA finds that derivatives and ETNs referencing crypto-assets are ‘poor products’ and too risky to be sold to retail investors
European Banks, Regulators Prepare Strict Regulatory Response To Facebook’s Libra
Financial Conduct Authority calls for more information, while Bank of France warns of money-laundering risks
Bitcoin Jumps Over $11,000 After Facebook Libra Launch
Facebook’s Libra plans help Bitcoin jump 10 percent to reach 15-month highs, as investors hope to see cryptocurrencies move into the mainstream
Facebook Launches Libra Cryptocurrency For Global Payments
Digital asset aims to put financial transactions into the hands of millions without bank accounts, but with access to a mobile phone
Bitcoin Rises Above $7,000 Following Binance Heist
The volatile cryptocurrency has regained some of its losses after shedding some three-quarters of its value last year
Rakuten Takes Applications Ahead Of Cryptocurrency Exchange Launch
Rakuten Wallet is one of several major crypto-asset platforms arriving in Japan in the coming weeks, even as authorities battle against soaring losses due to theft and scams
China Looks To Phase Out Bitcoin Mining
The biggest crypto-mining companies are based there, but China may now list the activity amongst the ‘undesireable’ economic sectors destined for elimination