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

3 days 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

Global regulators to question Facebook’s Libra amid EU concerns: paper

4 days ago DieselGasoil Comments Off on Global regulators to question Facebook’s Libra amid EU concerns: paper
FILE PHOTO: Small toy figures are seen on representations of virtual currency in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic (Reuters) – Global regulators will question Facebook on Monday about its Libra cryptocurrency, amid concerns from European Union governments over the threat the digital currency poses to financial Read More

How to wear blackface & get away with it: For starters, be a Belgian minister

6 days ago DieselGasoil Comments Off on How to wear blackface & get away with it: For starters, be a Belgian minister
Wearing blackface regardless of time and context is definitely one of the deadly sins in cancel culture scripture. So should this politician slated for the EU Commission brace himself for a mob with virtual torches and pitchforks? Didier Reynders was recently nominated EU Commissioner for Justice after a long and storied career in Belgium. Currently Read More

France, Germany blast Facebook’s Libra, back public cryptocurrency

6 days ago DieselGasoil Comments Off on France, Germany blast Facebook’s Libra, back public cryptocurrency
HELSINKI (Reuters) – France and Germany said on Friday that Facebook’s (FB.O) Libra currency posed risks to the financial sector that could block its authorization in Europe, and backed the development of an alternative public cryptocurrency. FILE PHOTO: Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in Read More

The hobbyists competing to make AI human

6 days ago DieselGasoil Comments Off on The hobbyists competing to make AI human
This weekend Steve Worswick will be pushing the boundaries of what it is to be human, attempting to fool a panel of judges into thinking they are chatting to another person while really they will be talking to a chatbot. But Steve isn’t an engineer at Apple or Amazon, he is a designer from Leeds Read More

France: We can’t allow Facebook’s Libra in Europe

1 week ago DieselGasoil Comments Off on France: We can’t allow Facebook’s Libra in Europe
PARIS (Reuters) – Facebook’s Libra cryptocurrency cannot be allowed to operate in Europe while concerns persist about sovereignty, systemic financial risks and the risk of abuses by a dominant market player, France’s finance minister said on Thursday. FILE PHOTO: Small toy figures are seen on representations of virtual currency in front of the Libra logo Read More

‘Ban kids from loot box gambling in games’

1 week ago DieselGasoil Comments Off on ‘Ban kids from loot box gambling in games’
In-game spending should be regulated by gambling laws and so-called loot boxes banned entirely for children, MPs say. The industry’s UK trade body responded it would “review these recommendations with utmost seriousness”. But the committee of MPs had accused some of those who had given evidence of a “lack of honesty and transparency”. Free video Read More

Amid U.S. vaping crackdown, Juul enters China with online store openings

1 week ago DieselGasoil Comments Off on Amid U.S. vaping crackdown, Juul enters China with online store openings
SHANGHAI (Reuters) – U.S. e-cigarettes maker Juul Labs Inc, which faces a widening crackdown on vaping at home, has entered China, with online storefronts on e-commerce sites owned by Alibaba Group (BABA.N) and JD.com (JD.O) to tap the world’s largest market of smokers. FILE PHOTO: Juul brand vaping pens are seen for sale in a Read More

Facebook’s Libra seeks payment system license from Swiss FINMA

1 week 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