Crypto experiences an ‘Emperor’s new clothes’ moment
The world of cryptocurrency is going through a crisis that is severe even by its own notoriously volatile standards.
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Cryptocurrency
UK government creates an NFT in bid to become a ‘cryptoasset hub’
The government has announced vague plans ‘to make Britain a global hub for cryptoasset technology and investment’, which includes having the Royal Mint issue an NFT.
Spain moves to regulate crypto asset advertising
New rules in Spain means crypto currency promotions targeting over 100,000 people will need to be approved by the Spanish National Securities Market Commission ten days before deployment.
FBI scores a couple of major wins against digital baddies
US law enforcement agency the FBI twice managed to trick criminals into using digital services it had access to.
UK consumers go crazy for cryptocurrency apps in third lockdown
Conferencing, cryptocurrency and greetings cards were among the biggest growing apps in the first quarter of this year in the UK as consumers grappled with another period of lockdown.
Swisscom welcomes Stock Exchange to its cryptocurrency JV
The Swiss Stock Exchange is buying into Custodigit, a digital assets storage facility set up by Swisscom and digital bank Sygnum a couple of years ago.
Massive Twitter hack reveals evidence of shadow banning tools
A host of prominent Twitter users had their accounts hacked in a Bitcoin scam and claimed screenshots from the hackers show tools used to blacklist accounts.
Libra Association distances itself from global digital currency
The Libra Association has entered into the first phase of the payment system licensing process, but its global plans have been replaced with several, localised stablecoins.
Libra attempts to placate everyone else
Facebook’s Libra cryptocurrency has received almost universal push-back since its announcement, so now it’s looking for ways to placate its critics.
Libra partners stampede for the exit
Visa and Mastercard are among a group of partners in Facebook’s Libra cryptocurrency venture to decide the whole thing is too risky.
Facebook’s Libra cryptocurrency coalition starts to crumble
Internet financial services giant PayPal is the first member of the Libra coalition to jump ship and probably won’t be the last.
France rediscovers the importance of sovereignty in response to Facebook’s cryptocurrency
The French Finance Minister has said he will block Facebook’s plans to launch a global cryptocurrency, citing its threat to monetary sovereignty.
Libra backers getting twitchy as regulators get probey
Like cockroaches scattering from the light, bankers are reportedly high-tailing it away from Facebook’s venture into cryptocurrency.
49% of US and UK would not trust Facebook for cryptocurrency
Not many people understand the complexities of cryptocurrency and an alarming number of people don’t trust Facebook; it seems combining the two is not a well-received idea.
Switzerland surprised to hear it will be regulating Facebook’s cryptocurrency
In a testimony before the US Senate Facebook indicated its Libra cryptocurrency will run from Switzerland, but it forgot to ask the Swiss if that was OK.
Walking the fine line between innovation and accountability
Almost everyone will agree the technology industry needs to be held accountable through regulation, but we are starting to wonder whether the sticky fingers of bureaucracy are getting too involved.
US lawmakers formally demand a halt to Facebook’s Libra cryptocurrency
As threatened a couple of weeks ago, the House Financial Services Committee has called for Facebook to halt its cryptocurrency plans.
US politicians alarmed by Facebook’s cryptocurrency masterplan
The announcement of a new currency led by Facebook has caught the attention of US law-makers and not in a good way.
Facebook leads corporate cryptocurrency initiative Libra
Social media giant Facebook has announced the launch of Libra, a ‘stablecoin’ apparently designed to revolutionise the digital payments market.
Facebook gets big name backers for crypto project – report
Facebook has reportedly enlisted the support of a dozen organizations to underpin its cryptocurrency project and help keep the social media giant honest.
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