• Levey to lead Libra
    Cryptocurrencies,  People,  Politics

    Stuart Levey to lead Libra Association, comfort critics

    A top HSBC executive and Treasury Department official in charge of financial crimes and sanctions, a big part of the new CEO’s role is to reassure central bankers, regulators, and elected officials

    By hiring Stuart Levey the Facebook-founded Libra Association is announcing that compliance—with central bankers, financial regulators, tax authorities, and criminal and intelligence investigators—will be a prime driver as it moves forward.

  • Binance jumps into bitcoin mining
    Bitcoin,  Cryptocurrencies,  People

    Binance jumps into bitcoin mining

    The biggest cryptocurrency exchange promises ‘the lowest rates’ but also raises concerns about the concentration of mining power in a few hands

    Cryptocurrency exchange Binance jumped into bitcoin mining business today, announcing the launch of Binance Pool. The move comes only weeks before the third “halving” will reduce the reward for mining a Bitcoin block from 12.5 BTC to 6.25 BTC—an event that has preceded big price increases in the past.

  • This is for my boyfriend, so don't tell my husband! (Library of Congress via Wikimedia Commons).
    Cryptocurrencies,  Regulation

    Rationing Privacy: ECB suggests digital currency ‘anonymity vouchers’

    An EU-issued central bank digital currency could provide an allowance of tokens good for keeping Big Brother from looking at your spending

    Planning to score some cocaine before meeting your girlfriend at a hotel? Neither the cops nor your wife will be any the wiser if you use some of the “anonymity vouchers” Europe’s central bank just proposed building into an e-euro. It’s kind of like trying to sneak across a room unseen by screaming, “nobody look at me!”