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Facebook’s Libra in regulators’ sights as ECB’s Coeure warns of ‘stablecoin’ risks

1 day ago DieselGasoil Comments Off on Facebook’s Libra in regulators’ sights as ECB’s Coeure warns of ‘stablecoin’ risks
ZURICH/LONDON (Reuters) – Facebook’s (FB.O) attempt to drag cryptocurrencies into the mainstream with its Libra digital coin met with further scepticism on Monday when an ECB board member said such “stablecoins” posed serious risks. FILE PHOTO: Benoit Coeure, board member of the European Central Bank (ECB), is photographed during an interview with Reuters journalists at Read More

Facebook’s Libra seeks payment system license from Swiss FINMA

6 days ago DieselGasoil Comments Off on Facebook’s Libra seeks payment system license from Swiss FINMA
FILE PHOTO: Representations of virtual currency are displayed in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic/File Photo ZURICH (Reuters) – The Facebook-led (FB.O) Libra cryptocurrency project is seeking a payment system license under Swiss financial watchdog FINMA, it said on Wednesday, spelling out in more detail how it Read More

Switzerland warns Facebook’s Libra it will face extra scrutiny

7 days ago DieselGasoil Comments Off on Switzerland warns Facebook’s Libra it will face extra scrutiny
ZURICH/LONDON (Reuters) – Facebook’s (FB.O) Libra cryptocurrency suffered another setback on Wednesday when Switzerland said the proposed payments system could face strict rules that typically apply to banks, on top of tough anti-money laundering laws. FILE PHOTO: Representations of virtual currency are displayed in front of the Libra logo in this illustration picture, June 21, Read More

Consortium of oil and gas operators awards blockchain pilot contract

7 days ago DieselGasoil Comments Off on Consortium of oil and gas operators awards blockchain pilot contract
9/11/2019 HOUSTON – The Offshore Operators Committee (OOC) Oil & Gas Blockchain Consortium has awarded Data Gumbo its first contract to implement a pilot blockchain in water haulage. This pilot is the first industry-wide use of a blockchain-native network for water haulage, and the consortium will tap the power of GumboNet for real-time data transparency Read More

Facebook’s Libra seeks Swiss payment system license

7 days ago DieselGasoil Comments Off on Facebook’s Libra seeks Swiss payment system license
ZURICH (Reuters) – Facebook’s (FB.O) Libra cryptocurrency project is seeking a Swiss payment system license, financial watchdog FINMA said on Wednesday, noting the breadth of the planned services would require broad oversight. FILE PHOTO: Representations of virtual currency are displayed in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic/File Read More

Bitcoin still the gold standard of cryptocurrencies, expert tells Boom Bust

2 weeks ago DieselGasoil Comments Off on Bitcoin still the gold standard of cryptocurrencies, expert tells Boom Bust
The price of the world’s most popular digital currency, bitcoin, has climbed above the psychological $10,000 mark overnight. Its total share of the crypto market is now the highest since March 2017. RT’s Boom Bust is joined by Aly Madhavji of the Blockchain Founders Fund to discuss the future of FinTech. He explains that the Read More

HSBC processes first blockchain letter of credit using Chinese yuan

2 weeks ago DieselGasoil Comments Off on HSBC processes first blockchain letter of credit using Chinese yuan
FILE PHOTO: HSBC logo in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid/File Photo HONG KONG (Reuters) – HSBC completed the first yuan-denominated blockchain-based letter of credit transaction, the bank said on Tuesday. HSBC, like many of its competitors, has been looking to use digital ledger technology, or blockchain, to streamline the traditionally paper-based and Read More

World’s 1st crypto banks get licenses in Switzerland

3 weeks ago DieselGasoil Comments Off on World’s 1st crypto banks get licenses in Switzerland
The Swiss financial regulator has granted capital market and securities dealer licenses to two blockchain companies, set to become the world’s first crypto banks. The Swiss Financial Market Supervisory Authority (FINMA) has issued licenses to Zug-based SEBA Crypto AG and Zurich-headquartered Sygnum AG earlier this week, making them the first companies registered in Switzerland as Read More

Telegram to launch ‘Gram’ cryptocurrency by October 31 – reports

3 weeks ago DieselGasoil Comments Off on Telegram to launch ‘Gram’ cryptocurrency by October 31 – reports
Telegram plans to launch its own cryptocurrency called ‘Gram’ within the next two months, media reports citing the social network’s investors say. The network is planning to make Gram available by the end of October, the New York Times reported citing the company’s investors who were speaking on condition of anonymity. According to legal documents mentioned by Read More