Commonwealth Bank Claims Success in Global Trade Blockchain Trial

news The Facebook-led Libra project is to face questions from 26 central banks over the perceived risks to financial stability posed by the cryptocurrency project. On Monday, the Committee on Payments and Market Infrastructure – a forum for central banks under the Bank for International Settlements – will quiz the Libra Association in Basel, Switzerland,…

Federal Reserve Chairman Jerome Powell argued for the need for strong central-bank oversight in stablecoin regulations being crafted by lawmakers in the House Financial Services Committee."We do see payment stablecoins as a form of money, and in all advanced economies, the ultimate source of credibility in money is the central bank," Powell said in testimony…

EOS' launch has been fraught with controversy. Some users are fed up, and they're forking the protocol to give the network a better shot.

NEWS Oct 29, 2018 at 02:01 UTC  |  Updated  Oct 29, 2018 at 02:10 UTC Taiwan's "Crypto Congressman" continued his push for more modernized regulation around the tech by proposing new rules for token sales. On Friday, Taiwanese legislator Jason Hsu published a list of policy recommendations aimed at aiding cryptocurrency startups, including one that would see…

South Korean cryptocurrency exchange Upbit has officially obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).The MPI license enables Upbit to provide regulated digital payment token (DPT) services to its clients in the Southeast Asian city state. Upbit acquired in-principle approval from the MAS in October last year, which enabled

After surpassing $28,000 for the first time in nine months, bitcoin has been trading in a tight range between $27,300 and $28,350 over the past 24 hours, as investors await a decision by the Federal Reserve on interest rates on Wednesday. Traders are predicting a 25 basis point increase. The world’s largest cryptocurrency appears to…

Hester Peirce image via CoinDesk archivesCloser Look at SEC ‘Accredited Investor’ Revamp Suggests Little Will ChangeFor the first time in nearly 40 years, the U.S. Securities and Exchange Commission is lowering the barriers to investing in private securities. How much lower is unclear, however.Three of the five SEC commissioners voted to publish a proposal for…

news Data protection chiefs from across the globe have united to express concerns over the privacy risks posed by Facebook’s Libra cryptocurrency project. In a joint statement published on Monday by the U.K. Information Commissioner’s Office (ICO), data privacy commissioners from Australia, Albania, Burkina Faso, Canada, the EU, the U.K., the U.S., shared concerns that “while…

news Investors who hold tokens in the programmatic lending protocol MakerDAO appear likely to approve a fifth fee increase that would further raise the cost of platform’s US dollar-backed stablecoin DAI. Since Monday, five different options have been presented to MakerDAO token holders, all of which suggested different possible increases to the platform’s “stability fee,” the most…