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Most European Regulators Have Scrutinized Facebook's Libra, Except One: Who’s the Odd One Out?

What happened recently with the Libra Association?  Made up of more than two dozen companies and based in Geneva, a few of the founding members, including PayPal, Mastercard, Visa, Stripe, Booking Holdings, and eBay, decided to leave the Libra project. A five-member board governance board was formed after the Libra Association reaffirmed its commitment by holding its inaugural meeting in Geneva, Switzerland, on Oct. 14.  … Continue reading Most European Regulators Have Scrutinized Facebook's Libra, Except One: Who’s the Odd One Out?

What are the 7 Key Takeaways from Facebook's Libra Hearings?

The debate on Facebook’s Libra continues with the hearing with the Senate Banking Committee (“Senate hearing”) on 16 July and the United States House Committee of Financial Services (“House hearing”) on 17 July. Here are the 7 key takeaways from the two hearings. Libra is centralized Regulators believed that the composition of the Libra Association … Continue reading What are the 7 Key Takeaways from Facebook's Libra Hearings?

Crypto Wallet Launches Testnet Trades for 300million Telegram Users

Button wallet which happens to be a non-custodial and multi cryptocurrency provider has announced that it is launching a free testing service on the Telegram Open Network (TON) this would be in an effort to further drive the adoption of Cryptocurrency amongst 300 million telegram users. 6.6 testnet of gram tokens have been said to … Continue reading Crypto Wallet Launches Testnet Trades for 300million Telegram Users

Calibra Head David Marcus Declares Libra as the Most Secure Payment Network

David Marcus, Head of Calibra, the digital wallet for Facebook’s Libra stablecoin explained at Money 20/20 conference in Las Vegas about how the network aims to transform the traditional payments industry.  Marcus claimed that anti-money laundering (AML) standards of Libra will be more substantial and secure than any other payment network. He added: “We also … Continue reading Calibra Head David Marcus Declares Libra as the Most Secure Payment Network

The Story Behind Kakao and Klaytn's Blockchain Dominance in Korea

During Hong Kong Fintech Week 2019 held on Nov. 4-8, Zachary Keats, the Director of Corporate Development at Klaytn and Ground X, shared his insights on blockchain adoption initiatives in Korea. Kakao, a South Korean internet company offering a platform of services including messaging, cab-hailing, and payments, has developed Klaytn, the blockchain business arm of … Continue reading The Story Behind Kakao and Klaytn's Blockchain Dominance in Korea

Recap on 2019 Blockchain Use Cases: Who Got Off the Ground?

R3 Corda Closes 2019 with a Bang Corda is an open-source blockchain platform that enables businesses to transact directly and in strict privacy using smart contracts, reducing transaction and record-keeping costs and streamlining business operations. In a world of permissionless blockchain platforms, in which all data is shared with all parties, Corda’s strict privacy model allows businesses to … Continue reading Recap on 2019 Blockchain Use Cases: Who Got Off the Ground?

Facebook Calibra Digital Wallet Gets a New Name – Novi

What is Novi? Facebook has renamed its digital wallet, Calibra, as Novi. Calibra was the digital wallet that the social media giant has been building to access Libra digital currencies.  In a blog post, the company explained that the new name was inspired by the Latin words “novus” and “via,” meaning “new” and “way.” The … Continue reading Facebook Calibra Digital Wallet Gets a New Name – Novi

Facebook Launches Fintech Product Group F2 to Run Payments Across All its Apps

Facebook has expanded its fintech horizons and announced the launch of a new product group dedicated to payments purposes.  Introducing Facebook Financial The new group, called Facebook Financial, or F2 by the internal team behind it, will direct all Facebook payments projects and regroup all of the platform’s ventures under one umbrella. The fintech project includes Facebook Pay, which is … Continue reading Facebook Launches Fintech Product Group F2 to Run Payments Across All its Apps

US SEC Wins Lawsuit Against Kik’s $100 Million Unregistered ICO

On September 30, the United States District Court for the Southern District of New York issued a Memorandum Opinion and Order granting the US Securities and Exchange Commission’s motion for summary judgment against Kik Interactive Inc and its $100 million ICO. US Judge Alvin Hellerstein ruled that tech company Kik violated securities laws by failing … Continue reading US SEC Wins Lawsuit Against Kik’s $100 Million Unregistered ICO

DOJ Wants to Bypass End-to-End Encryption to Fight Child Sexual Exploitation – Cause for Concern for Tech?

While end-to-end encryption has long been leveraged to deliver privacy and data protection to tech users, US government officials are attempting to find a way to bypass it, under the pretext that illicit activity revolving around child sexual abuse run unmonitored on strongly encrypted platforms. DOJ on why it wishes to monitor content The US … Continue reading DOJ Wants to Bypass End-to-End Encryption to Fight Child Sexual Exploitation – Cause for Concern for Tech?

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