• The SEC, CFTC and FinCen got together to say follow the rules or you'll get trampled.
    Regulation

    Three agencies issue direct warning: everyone must comply

    Anti-money laundering and terrorism financing laws must be followed; registration with the correct agency is your responsibility

    The three main U.S. agencies overseeing cryptocurrencies and digital assets just issued an unusual joint warning. You must comply with anti-money laundering rules and register with us.

  • David Marcus, co-creator of Facebook's Libra (via LinkedIn).
    Libra

    Facebook remains defiant in wake of Libra defections

    The loss of Mastercard, Visa, Stripe, eBay, and Mercado Pago has hurt the stablecoin project, but the social media giant promised to move ahead

    Facebook’s plan to create a blockchain-based stablecoin called Libra took a body blow on October 11, when five main partners including Mastercard and Visa withdrew.

  • Facebook dislike Thumbs down (via Wikimedia Commons).
    Cryptocurrencies

    Facebook’s Libra cryptocurrency project is crumbling

    Visa, Mastercard, eBay, Stripe, and Mercado Pago withdrew on October 11, leaving the stablecoin on its knees

    Facebook’s Libra cryptocurrency plan began to collapse over the course of a few hours on the evening of Friday, October 11. Like dominoes toppling, many of its major partners began pulling out...

  • China's flag and bitcoin
    Asia & Australia,  Cryptocurrencies,  Media

    Binance to The Block: STFU and let us do business in China

    The Block’s Larry Cermak opened a can of worms in explaining how Chinese citizens can use Alipay and WeChat, which ban cryptocurrency transactions

    Did the CEO of Binance, one of the largest cryptocurrency exchanges, threaten cryptocurrency media site The Block over a trio of tweets detailing how banned peer-to-peer cryptocurrency trading really happens in China?