• Sad clown is sad (via Pixabay).
    Alt coins,  United States

    SEC gives Telegram TON of trouble

    U.S. Securities and Exchange Commission lawsuit will delay the Gram cryptocurrency sale scheduled for October 31

    In the wake of a lawsuit by the U.S. Securities and Exchange Commission, messaging service Telegram told backers that it would likely postpone the public launch of its Gram token.

  • Facebook's chief seems to be losing, for once. (Anthony Quintano via Wikimedia Commons)
    Libra

    Despite being called ‘global threat’, Libra Association launches

    A signing ceremony by the cryptocurrency’s members was overshadowed by dropouts and a report calling stablecoins a threat to the global economy

    Facebook’s wounded Libra Association formally voted itself into existence on October 14, electing a board and choosing officers. The ceremony was overshadowed by the loss of seven original members including Mastercard and Visa.

  • 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.