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Libra, MoneyGram-Ripple Deal And Fraud Prevention Top Week’s News

PYMNTS

The endless speculation over Facebook’s plans to build a new set of global payments rails and launch a global cryptocurrency comes to an end today with the official launch of Libra. By changing to the XRP digital currency, however, it forecasts lower operating costs along with the value of working capital it needs. Or does it?

Fraud 101
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Bitcoin Daily: Binance Applies For Singapore Crypto License; CFTC Files Charges In Digital Ponzi Scheme

PYMNTS

The law will also grant the Money Authority of Singapore a formal set of powers to tackle cybersecurity issues arising from cryptocurrency, including things like fighting domestic terrorism and money laundering, which have been common for the format. Steemit is a platform where users can be paid to curate and create content.

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

PYMNTS

Overstock CEO Patrick Byrne said that he welcomes Facebook ’s entry into the cryptocurrency market. 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. I perpetrated a fraud.

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Libra’s Regulatory Wish List For — And From — The Swiss

PYMNTS

Cryptocurrencies — Facebook’s Libra included — face at least some new headwinds as they target a mainstream embrace. It should be noted here, too, that the social media giant has tried to make the leap into financial services before. In reference to the regulatory climate, don’t expect it to ease anytime soon.

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Bitcoin Daily: Block.one Gets Patent For DLT That Monetizes Social Media Posts; Bitfinex Seeks US Subpoenas To Track Down $800M In User Funds

PYMNTS

Block.one, which is behind the EOSIO (EOS) protocol, now has a patent for a blockchain-based bidding system for promotional exposure for social media, according to Cointelegraph. The system could possibly monetize every single social media post on a given network for operators as well as content creators.

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The Frightful Five: Fake Apps And Hubcaps

PYMNTS

Meanwhile, in America, Amazon has reportedly slashed the number of open positions at its Seattle headquarters and is even talking about a hiring freeze leading up to major capital expenditures on its forthcoming second headquarters in a city TBD. The social media giant is once again taking on Snapchat in a quest to win over younger users.

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On Radical Markets

Vitalik Buterin

One reason why this discussion particularly interests me is that the cryptocurrency and blockchain space itself has, in some cases, run up against similar challenges. One particular category of decentralized institutions I’ve been interested in is improving incentivization for content posting and content curation in social media.