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How China Is Clamping Down On Crypto Trading With Social Media

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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.

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Facebook Working On WhatsApp P2P Digital Currency

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Facebook , Telegram and Signal are looking to launch their own cryptocurrencies that will allow users to send money internationally on their messaging systems. The social media giant has even spoken with crypto exchanges about selling the coin to consumers, telling them that it hopes to have a product out in the first half of the year.

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Andreessen Partner Predicts More Libra-Type Crypto Efforts

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Mint’s decision to phase out production of pennies next year, a partner at Andreessen Horowitz, a California-based venture capital firm, said money will be digital by 2030, Bloomberg News reported. The company raised $350 million in 2018 for startups working on the blockchain technology underpinning digital coins.

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Fed’s Brainard Warns Of Risks Posed By Libra, Cryptos

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18) outlined key risks associated with cryptocurrency in general and Facebook’s Libra in particular. At the start of Benoît’s ECB term, bitcoin’s market capitalization was small, and only a handful of cryptocurrencies existed. Federal Reserve Gov. Lael Brainard on Wednesday (Dec. Mobile payments reached $8.2 trillion.

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Five At Five: Amazon Opens Alexa Voice To iOS

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Looking to boost adoption by iPad and iPhone users, Amazon launched a new application that allows iOS users to use Alexa voice recognition technology for smart speakers and other devices, providing Apple users with an alternative to Siri. Overstock Rises on GSR Capital Investment in New Blockchain Unit.

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BOE Gov: Facebook’s Libra Will Need Regulation

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Bank of England (BOE) Governor Mark Carney said Facebook’s newly-announced cryptocurrency, Libra, can’t be the same unregulated type of service that Facebook is, according to a report by Reuters. Unlike social media … the terms of engagement for innovations such as Libra must be adopted in advance of any launch.”.

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

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Cryptocurrencies — Facebook’s Libra included — face at least some new headwinds as they target a mainstream embrace. As she told reporters, digital asset companies have spent relatively more time on technology and infrastructure, and there has not been enough focus on AML efforts. FINMA’S Take.