The G7 group of nations has warned of the threat posed by stablecoins such as Facebook’s Libra and set out draft recommendations for regulation.
Web Search Data Indicates Soaring Interest for Facebook Libra in China
China has emerged as a perhaps surprising leader when it comes to public interest in Facebook’s Libra cryptocurrency project.
Japan Has FATF Green Light to Create ‘SWIFT Network’ for Crypto: Report
Japan is said to be leading the creation of an international cryptocurrency payments network similar to banking network SWIFT.
Hacked BITpoint Exchange to Refund 50,000 Affected Users in Crypto
BITPoint Japan has said that the roughly 50,000 users who lost funds in its recent hack will be reimbursed in cryptocurrency on a 1:1 basis.
Tether Stablecoin to Launch on 5th Blockchain
The popular and sometimes controversial stablecoin tether (USDT) is to to be added to the algorand blockchain.
Tether Accidentally Minted $5 Billion of Its Stablecoins, Then Deleted Them
Stablecoin issuer Tether accidentally created $5 billion-worth of its USDT stablecoin at the weekend, before promptly destroying them again.
Traditional Money Could Be ‘Surpassed’ By E-Money, Stablecoins: IMF Paper
A new IMF paper suggests that cash and bank deposits could be left behind as digital money and fiat-pegged cryptos see greater adoption.
Binance Eyes Launch of Crypto Exchange in South Korea
Binance is “working with local partners” on the launch of a branch in South Korea, CEO Changpeng Zhao has reportedly said.
Top Republican Touts Blockchain Privacy as Alternative to Regulating Big Tech
U.S. House minority leader Kevin McCarthy has argued for the use of blockchain networks in protecting users’ data from “exploitation.”
Japan Creates Working Group to Discuss Facebook Libra Ahead of G7 Meeting
Japan has set up a working group to examine the issues raised by Facebook’s Libra cryptocurrency project ahead of a G7 meeting this week.
Samsung Teams With Banks, Telcos for Mobile ID Network Based on Blockchain
Tech giant Samsung Electronics is joining six other major South Korean firms to develop a blockchain-based certificate and ID authentication network.
Korea’s Biggest Credit Card Firm Wins Patent for Blockchain Credit System
Shinhan Card has been granted a patent for a blockchain payment system that could reportedly do away with physical credit cards.
UK Announces ‘Dirty Money’ Crackdown, Including Tougher Crypto Regime
The U.K. government has drawn up an action plan aimed to combat financial crimes that it says will include a new regime for crypto assets.
Blockchain Consortium Startup R3 Said to Be Considering an IPO
Blockchain consortium startup R3 is mulling an IPO, according to Bloomberg sources.
Hacked Crypto Exchange Bitpoint Discovers More Millions Are Missing
After a $30-million hack last week, Japan-based cryptocurrency exchange Bitpoint says it’s discovered that another $2.3 million is missing.
Another Crypto Company Wants to Offer Bitcoin Derivatives in the US
Institutional digital assets platform TrueDigital Holdings has announced plans to offer bitcoin derivatives for U.S. investors – if the CFTC approves.
Binance Destroys $26 Million Worth of Its Team’s BNB Tokens
Binance says it has completed the eight quarterly “burn” of Binance coin tokens – all from its team’s allocation.
Binance Destroys $26 Million Worth of Its Team’s BNB Tokens
Binance says it has completed the eight quarterly “burn” of Binance coin tokens – all from its team’s allocation.
Crypto Broker Prasos Wins EU Payment Institution License
The Finland-based crypto firm says it can expand its fiat payment offerings after being granted the license.
The Miami Dolphins Now Have an ‘Official Crypto’ – And It’s Litecoin
The American football team has teamed up with the Litecoin Foundation to accept cryptocurrency payments.