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Bitcoin Daily: China Regulator Eyes Digital Currency Veteran As Chief; Crypto Firm Founder Charged With ICO Fraud

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The China Securities Regulatory Commission , China’s security watchdog, is setting up a technology regulation bureau and will announce Yao Qian as its new department chief, the Chinese business publication Caijing said on Wednesday (Dec. 11), as reported by Coindesk. Yao was the head of China’s central bank digital currency initiative. .

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Mastercard On Facebook’s Libra Crypto Payments Future

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The think pieces have come in waves, as have the reactions from analysts, cryptocurrency enthusiasts and regulators — and the world waits to see exactly what Facebook and its cadre of payments and commerce players design. There will be perceptual hurdles to clear, and regulators to convince. It’s a reason to work with regulators. “We

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Bitcoin Daily: Overstock CEO Shares Movement In Bitcoin Efforts; Russia Might Be Open To Crypto Trading

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Byrne told CNN Business that the social media giant’s launch of its own digital currency validates the space — and Overstock would be open to partnering with Facebook on the project. Overstock has spent $150 million on its blockchain business, tZero; the company owns 82 percent of the exchange. I perpetrated a fraud.

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Bitcoin Daily: TV Show Creator Sues Facebook For Bitcoin Ad Scam; Vancouver Cracks Down On Bitcoin ATMs

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Dutch billionaire John de Mol, who created the reality TV program “Big Brother,” is suing Facebook for allowing fake ads which used his name and image to commit bitcoin-related fraud that swindled 1.7 De Mol’s lawyers accuse the social media giant of failing to prevent the ads, as well as not responding fast enough to complaints.

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Chipotle Hacked, Wells Re-org’ed And Canada Just Says No To The Blockchain

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Last week we saw hackers prove there’s no such thing as vacation when there’s consumer data to steal, Wells Fargo continued its great rebuilding with a round of executive reorganization and Canadians said “no thank you” to the blockchain — but very politely, as is their custom. Chipotle will be liable for any fraud that results.

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Scammers Hawking Bogus Libra Currency, Even On Facebook

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The social media giant is now compelled to address a growing number of fabricated exchanges associated with its digital asset, The Washington Post reported on Tuesday (July 23). The Libra ecosystem consists of new rails, the Libra blockchain, built by Facebook engineers.

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Crypto 2020: One Step Up; Two Steps Back

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Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Blockchain is taking root as the underlying infrastructure of digital currency issuance, and a broad swath of central banks are examining issuing digital fiat. Keeping An Eye On Fraud. Bitcoin is like a [crypto] 101 version.