Cryptocurrency

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Cryptocurrency - Total results - 281
Facebook's Libra stablecoin must not start until adequately regulated, say G7 leaders
News & Analysis

Facebook's Libra stablecoin must not start until adequately regulated, say G7 leaders

G7 leaders believe digital payments could improve access to financial services, cut inefficiencies and costs, but such services need to be appropriately supervised.

Twitter says attackers 'manipulated a small number of employees', downloaded data from up to eight non-verified accounts
World

Twitter says attackers 'manipulated a small number of employees', downloaded data from up to eight non-verified accounts

Hackers accessed Twitter’s internal systems to hijack some of the platform’s top voices including US presidential candidate Joe Biden, billionaire Elon Musk and former president Barack Obama

G20 sets out a rulebook for a common, international approach to regulating digital currencies like Facebook's Libra
News & Analysis

G20 sets out a rulebook for a common, international approach to regulating digital currencies like Facebook's Libra

The recommendations propose flexible, cross-border cooperation to avoid a stablecoin playing off one jurisdiction against another.

Binance Charity to raise $5 million for medical supplies in countries worst-hit by coronavirus
Business

Binance Charity to raise $5 million for medical supplies in countries worst-hit by coronavirus

To tackle the menace of coronavirus that has claimed over 21,000 lives worldwide, Binance Charity has said that it is aiming to raise $5 million in cryptocurrency to be distributed to countries worst affected by the pandemic.

The Cryptocurrency Verdict: On the need for interim clarity as the RBI mulls over regulation
News & Analysis

The Cryptocurrency Verdict: On the need for interim clarity as the RBI mulls over regulation

Interim clarity from the RBI is an urgent necessity, as services from banks and service providers are yet to resume in full swing.

Finance Minister Nirmala Sitharaman says will go through Supreme Court order on cryptocurrency
Business

Finance Minister Nirmala Sitharaman says will go through Supreme Court order on cryptocurrency

Finance Minister Nirmala Sitharaman on Wednesday said she will go through the Supreme Court order allowing banks and financial institutions to provide services related to cryptocurrencies

Supreme Court lifts RBI's ban on cryptocurrency transactions in India
News & Analysis

Supreme Court lifts RBI's ban on cryptocurrency transactions in India

The government though is yet to act on these recommendations and is yet to finalse regulations around cryptocurrencies.

SC lifts total ban on cryptocurrency trade; quashes 2018 RBI circular banning banks from providing services
Business

SC lifts total ban on cryptocurrency trade; quashes 2018 RBI circular banning banks from providing services

According to the 6 April 2018 circular, the entities regulated by the RBI are prohibited from "providing any service in relation to virtual currencies.

North Korea's digital savvy comes to the fore: Internet use surges, helping to thwart US sanctions and fuel cybercrime
World

North Korea's digital savvy comes to the fore: Internet use surges, helping to thwart US sanctions and fuel cybercrime

North Korea has vastly expanded its use of the internet in ways that enable its leader, Kim Jong-un, to evade a “maximum pressure” US sanctions campaign and turn to new forms of cybercrime to prop up his government, according to a new study

Cryptocurrency transactions opposed to protect integrity of banking system; no formal ban issued: RBI tells SC
Business

Cryptocurrency transactions opposed to protect integrity of banking system; no formal ban issued: RBI tells SC

The RBI said it had not banned cryptocurrencies such as Bitcoin in India, but only ringfenced regulated entities like banks from risks involved in the trading of virtual instruments.

Collaboration using blockchain technology is key to solving a lot of systemic issues in banking sector says IBM's Jitan Chandanani
News & Analysis

Collaboration using blockchain technology is key to solving a lot of systemic issues in banking sector says IBM's Jitan Chandanani

In the first phase of this network, the banks set up a live network for supply-chain vendors across India to register themselves

Swiss president says Facebook's Libra has failed in current form, needs reworking
News & Analysis

Swiss president says Facebook's Libra has failed in current form, needs reworking

Facebook Libra is to be backed by a reserve of assets such as bank deposits and government debt.

Cryptocurrency usage to become mainstream soon; China launching own state-backed digital coins
News & Analysis

Cryptocurrency usage to become mainstream soon; China launching own state-backed digital coins

Just like smartphones quickly eliminated most old cell phones, no countries will be able to reject blockchain payments for long.

FBI arrests US blockchain expert for helping North Korea evade sanctions
News & Analysis

FBI arrests US blockchain expert for helping North Korea evade sanctions

Virgil Griffith travelled to North Korea to attend the Pyongyang Blockchain and Cryptocurrency Conference

US to strictly enforce anti-money laundering rules in cryptocurrencies: FinCEN chief
News & Analysis

US to strictly enforce anti-money laundering rules in cryptocurrencies: FinCEN chief

The rule requires cryptocurrency firms to share information about their customers.

China's digital currency will not seek full control of individuals' transaction details, says central bank official
News & Analysis

China's digital currency will not seek full control of individuals' transaction details, says central bank official

China is preparing to be the first country to roll out a digitised domestic currency, a development that is being closely watched by the world's financial services industries

Mark Zuckerberg tried to project Libra as a boon for the unbanked, but failed to build even a remotely coherent case
News & Analysis

Mark Zuckerberg tried to project Libra as a boon for the unbanked, but failed to build even a remotely coherent case

On being asked why major partners such as Visa, Mastercard, PayPal, eBay had exited the original Libra consortium, Zuckerberg simply said that Libra is a risky project

Facebook CEO Mark Zuckerberg testifies before congress, admits Libra is a 'risky project'
News & Analysis

Facebook CEO Mark Zuckerberg testifies before congress, admits Libra is a 'risky project'

Facebook CEO was questioned on election interference, free speech, hate groups and fake news.