• Embattled Libra Association
    Cryptocurrencies,  Politics

    Embattled Libra Association’s radical overhaul

    With a rewritten white paper and a ‘watered-down’ concept, Facebook’s controversial Libra stablecoin project is hoping to succeed in wooing regulators the second time round

    After receiving a fierce and unequivocal pushback from regulators worldwide, an embattled Libra Association now plans to offer digitized versions of single currencies—paving the way for a Libra dollar (LibraUSD), Libra euro (LibraEUR), and Libra pound (LibraGBP) in addition to the Libra payment token (≋LBR).

  • Welcome to fear itself FDR
    Cryptocurrencies

    Welcome to fear itself

    Quantum Economics’ Mati Greenspan says it’s too early to tell what impact coronavirus will have on cryptocurrencies like Bitcoin

    “In order to stem the spread of the coronavirus, people are taking drastic measures which are having huge implications for the global economy,” Mati Greenspan, founder of Quantum Economics, told Modern Consensus. “The global economy basically went from booming in February to grinding to a virtual halt in March. Bitcoin isn't immune to that.”

  • Cryptocurrencies,  Regulation

    SEC warns investors about initial exchange offerings

    IEOs are the new ICOs, and the financial watchdog wants investors to take heed

    The Securities and Exchange Commission issued an alert Tuesday, urging investors to proceed with caution before investing in IEOs through online trading platforms—which often tout themselves as exchanges—especially when those platforms are located overseas. 

  • Sen. Kelly Loeffler has been in office three days and she still hasn't set up a press page. Doesn't she know that the most dangerous place in Washington is supposed to be between a member of Congress and a camera? (via @GovKemp)
    People,  Politics

    Kelly Loeffler Senate appointment win for cryptocurrency industry

    Industry analyst Mati Greenspan said the CEO of Bakkt will be ‘a friend of crypto’ in Congress as digital asset regulations are written

    Bakkt CEO Kelly Loeffler's appointment as a U.S. Senator for Georgia is "is really good news for crypto regulation in the United States,” Mati Greenspan, founder of Quantum Economics, told Modern Consensus.