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How China Is Clamping Down On Crypto Trading With Social Media

PYMNTS

The Chinese government has a complicated relationship with cryptocurrency: While it seems to be enthusiastic about the applications of blockchain technology, the country has banned initial coin offerings (ICOs) and blocked crypto trading sites. billion fund focused on the blockchain. Why WeChat?

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Swiss Data Watchdog Still Waiting To Hear From Facebook On Libra

PYMNTS

The Swiss Federal Data Protection and Information Commissioner (FDPIC) said it still hasn’t heard from Facebook regarding its supposed oversight of Libra, the social media giant’s proposed cryptocurrency. . The organization said the information is crucial if it’s going to figure out how to manage the oversight of the currency. . “The

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

PYMNTS

De Mol’s lawyers accuse the social media giant of failing to prevent the ads, as well as not responding fast enough to complaints. Aion Network has announced the launch of the world’s first JVM-compliant blockchain virtual machine. “We million euros ($1.9 million) from its victims. And Azarus has raised $1.8

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

PYMNTS

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. Canada Takes a Pass on the Blockchain. Here’s the rundown.

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

PYMNTS

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.

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FB Libra Exec Wants Banking Experience On Team

PYMNTS

David Marcus, Facebook vice president of messaging products and a key developer of the social media firm’s Libra digital currency project, thinks someone with experience in government and central banking would be a great leader for the team that would oversee the currency, according to reports. “We

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Understanding Bitcoin and the Blockchain Opportunity

Bankelele

While currency regulation and monetary policy is within the purview of the Central Bank, it is important to dig deeper into what could be the most revolutionary technology of our age and how best we can we move forward with ensuring Kenya and indeed the African continent exploits fully the opportunity that is now within our grasp.

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