Securitize intends to build out its new Japan office after a cash injection from SBI Holdings. Author: Nikhilesh De Source link
Japanese Conglomerate SBI Injects 7-Figure Sum Into Securitize
Day: November 26, 2019
US Judge Refuses to Quash IRS Summons for Bitstamp Exchange Records
A federal judge denied a bitcoin user’s petition to stop the IRS from gathering data about his cryptocurrency holdings from the Bitstamp exchange. Author: Nikhilesh De Source link
Libra Co-Founder Says It Isn’t Competing With Fiat Currencies
Libra co-founder and chief economist of Calibra Wallet Christian Catalini has attempted to clear up misconceptions in relation to the planned digital coin in an interview with CNN’s Julia Chatterley. The release of the whitepaper on Facebook’s (NASDAQ:FB) proposed coin back in June prompted massive debate from politicians around the world, most of which vehemently oppose the plan as they feel it poses a threat to the economic sovereignty of nations. Catalini has attempted to allay some of those concerns by saying that Libra is, at its most basic, a…
China’s Digital Yuan Will Target Retail Payments First, Ex-Central Banker Says
“There are two goals for international digital currencies,” Zhou said. “The first one, which is also what China envisions is to develop digital payment and its use for retail system in the country, while the other goal is to cross-border payment for international financial institutions.” Author: David Pan Source link
Ripple-Backed Rental Firm Omni Shutting Down With Coinbase Snapping Up Dev Team: Report
Digital rentals marketplace Omni is shutting up shop, with Coinbase agreeing a deal to take on its engineers. Author: Daniel Palmer Source link
Telegram Founder Durov Should Testify in SEC Case Over Gram Token: Judge
Telegram’s founder and CEO Pavel Durov, as well as two other employees, should give testimony in the SEC vs. Telegram case, a judge has ordered. According to a document signed by District Judge P. Kevin Castel at the New York Southern District Court on Monday, Durov’s deposition should take place on Jan. 7 or 8, 2020, at a location “agreed upon by the parties.” That would be a little more than a month before Telegram is scheduled to meet the SEC in court to dispute the legal status of the…
Global Stablecoins Pose Risks to a ‘Fragmented’ Europe
European Central Bank (ECB) board member Benoit Coeure has warned that global stablecoins remain untested and raise potential risks across multiple policy domains. Coeure, a member of the ECB’s Executive Board, made his remarks at the Joint Conference of the ECB and National Bank of Belgium on Nov. 26, in a speech entitled “Crossing the chasm to the retail payments of tomorrow.” Global stablecoins pose broad policy risks Coeure’s speech was focused on the failure to establish a pan-European, market-led solution for digital retail payments. Notwithstanding progress with back-end…
Another Crypto Exchange is Dropping Privacy Coin Monero Over Compliance Risk
“As a licenced exchange, BitBay has to follow the market standards. Compliance with market standards and regulations allows us to provide our clients with legal security and convenience of using the exchange, with the participation of a friendly banking system and the availability of payment operators,” BitBay said. Author: Daniel Palmer Source link
Ripple Finalizes $50 Million MoneyGram Investment
Ripple now owns nearly 10 percent of MoneyGram’s outstanding common stock after completing its $50 million equity investment. Author: Nikhilesh De Source link
Bloomberg Market Wrap 11/25: Bitcoin, Consumer Sentiment, Small Caps
Nov.25 — Bloomberg market reporters take a deep dive into all of today’s action. UCIALMKvObZNtJ6AmdCLP7Lg Source link