Facebook Stresses Libra’s Compliance With FinCEN at Senate Hearing

David Marcus, head of Facebook’s crypto wallet Calibra, stresses the Libra stablecoin project’s compliance with the United States FinCEN in today’s hearing. David Marcus, head of Facebook’s crypto wallet Calibra, stressed Facebook’s intent to be compliant with the United States Financial Crimes Enforcement Network (FinCEN) in distributing the Libra stablecoin. As a Cointelegraph correspondent reports […]

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R3 to Support a Startup-Focused Stock Exchange in Brazil

Enterprise blockchain tech firm R3 partnered with Brazilian digital bank Banco Maré to launch a stock exchange listing shares of startups. Blockchain consortium R3 has partnered with Brazilian fintech company Banco Maré to launch a stock exchange for investing in technology firms.Banco Maré, a blockchain-powered digital bank focused on financial inclusion, intends to build a […]

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Libra Vs. US Congress: All There Is to Know Ahead of Hearings

The U.S. congressional hearings on Libra may determine the future of the project. Here is what regulators think about Facebook’s crypto… This week is crucial for the future of Libra: Facebook’s cryptocurrency project will be subject to two back-to-back hearings in the United States Congress. First, the Senate Banking Committee will discuss the token on […]

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Waves CEO Sells His Stake in Blockchain Spin-Off Vostok

Waves founder Alexander Ivanov sold his stake in the firm’s blockchain project Vostok, with GHP Group becoming the sole owner. Founder of token issuance platform Waves has fully sold his stake in the firm’s blockchain spin-off Vostok to focus on the Waves Platform.Alexander Ivanov, CEO and founder of Waves, sold his stake in the Vostok, […]

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World Economic Forum Report: 6 Ways to Evaluate Blockchain Benefits

The World Economic Forum announced that it released a guide for the evaluation of the benefits of blockchain applications. The World Economic Forum (WEF) announced that it released a guide for the evaluation of the benefits of blockchain applications in a press release shared with Cointelegraph on July 16.The document delves into how to apply […]

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Binance Wants to Open a New Local Exchange in South Korea: Report

Binance is in talks with local partners in South Korea for potential launch of a new subsidiary. Binance, the world’s largest crypto exchange by daily trading volume to date, is reportedly planning to set up a branch in South Korea.Malta-based crypto exchange Binance is working with local partners in South Korea to launch a new […]

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IMF: Network Effects Could Spark Blaze of Digital Money Adoption

The International Monetary Fund has argued that network effects could spark the blaze for the mass adoption of new digital monies. The International Monetary Fund (IMF) has argued that network effects could spark the blaze for the mass adoption of new digital monies.In a fresh report published on July 15, the IMF aims to create […]

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Bitcoin Suisse Applies for a Banking License in Switzerland

The company has approached regulators for two licenses: banking and securities dealing, a press release confirmed. Swiss crypto broker Bitcoin Suisse has applied for banking and securities dealer licenses from Switzerland’s finance regulator, the company confirmed in a press release on July 16. Bitcoin Suisse, which forms part of the country’s Crypto Valley Association, said it […]

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Canadian Town Says Yes to Accepting Bitcoin for Property Taxes

Canadian crypto solutions provider Coinberry has struck its second municipal partnership to provide bitcoin payments processing for property taxes. Canadian crypto solutions provider and trading platform operator Coinberry has struck its second municipal partnership to provide Bitcoin payments processing for property taxes. A press release published on July 15 revealed that Coinberry has begun negotiations with […]

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Bitpoint Reveals Amounts Stolen, Pledging to Reimburse Users in Crypto

Japanese exchange Bitpoint has published the breakdown of crypto assets stolen in the $27.8 million hack of its platform earlier this month. Japanese exchange Bitpoint has published the breakdown of crypto assets stolen in the ¥3 billion (~$27.8 million) hack of its platform earlier this month.A document published by Bitpoint’s parent firm Remix Point Inc. […]

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