• 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.

  • Loeffler made $3.5 million at Bakkt
    Politics

    Sen. Kelly Loeffler made $3.5 million at Bakkt

    Financial disclosure forms show she’s divested millions in stock after insider trading allegations. But it doesn’t seem to be helping the Georgia Republican in the November special election to keep her appointed seat, which she’s losing badly

    Thanks to Senate financial disclosure forms filed on May 1, we know a great deal about the cryptocurrency options and futures platform leader’s wealth, including the fact that she and her husband have been selling off investments at a furious pace.

  • COVID-19 spur blockchain adoption
    People,  Politics,  Regulation,  Technology

    Perianne Boring: COVID-19 will spur global blockchain adoption

    The founder and president of the Chamber of Digital Commerce said the stresses the pandemic is putting on global supply chains will accelerate the acceptance and use of digital ledgers

    The COVID-19 crisis will spur global adoption of blockchain, Chamber of Digital Commerce founder and president Perianne Boring predicted. “We’re seeing all kinds of critical systems being stress tested and cracking under the current demands," she said.

  • China testing digital yuan
    Cryptocurrencies,  Politics

    China testing digital yuan in four cities

    European and Asian countries have been scrambling to catch up in the race for a digital currency, even as the U.S. drags its heels; annoucement suggests no 2022 Winter Olympics roll-out

    The People’s Bank of China (PBoC) said in an April 17 release that its prototype, central bank-issued digital yuan is being put through its paces in Shenzhen, Chengdu, Suzhou, and Xiong’an, which lies about 60 miles from Beijing. It will also be tested at the 2022 Winter Olympics in Beijing.