Facebook Hires on New Lobbyists for Libra Stablecoin Project

Social media giant Facebook has hired two more lobbyists to aid the release of its forthcoming Libra stablecoin following regulatory pushback. Social media giant Facebook has hired two more lobbyists to aid the release of its forthcoming Libra stablecoin. As Bloomberg reported on Sept. 5, lobbying disclosures filed earlier this week revealed that William Hollier, the president of legislative and regulatory counseling firm Hollier Associates LLC, began lobbying for Facebook on blockchain policy, among other matters, in late August. Previously, Hollier worked for U.S. Republican Sen. Mike Crapo, who said…

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Report: Shell and Sinochem Discuss Blockchain Platform for Crude Oil

A Sinochem subsidiary is reportedly in negotiations with Shell and Macquarie regarding the development of a blockchain platform for the oil sector. A subsidiary of Chinese oil and chemical giant Sinochem Group is reportedly in discussions regarding a blockchain platform with Royal Dutch Shell and Australian financial services firm Macquarie Group. As Reuters reported on Sept. 5, sources familiar with the matter said that Sinochem Energy Technology entered into negotiations with the two companies to examine the development of a blockchain platform for crude oil in July. $14 million blockchain…

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Turkish Takasbank Announces Blockchain Platform for Gold Trading

Turkey’s Istanbul Clearing, Settlement and Custody Bank announced it has completed its blockchain-based platform for transferring physical gold. Turkey’s Istanbul Clearing, Settlement and Custody Bank (Takasbank) has announced its blockchain-based platform for trading physical gold. Dubbed BiGA, Takasbank’s new project aims to enable people to transfer physical gold stored at the Borsa Istanbul Stock Exchange (BIST), Turkey’s sole exchange entity, through digitized gold units on a blockchain, the bank announced on Sept. 6. The  units, which are similar in form and function to physically-backed stablecoins, have their value tied to…

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PNC Bank Using Ripple XCurrent — Is Interest in Blockchain Rising?

Ripple rolls out crypto-based cross-border payments for PNC, one of biggest banks in the U.S. Stablecoins have a goal of putting an end to the recent volatility of the crypto market — and in doing so, they have opened the door to crypto usage for institutional investors, which has long been considered an important milestone on the road to mainstream adoption. One of the ways that institutional investors are looking to implement crypto solutions is in cross-border payments and remittances.  The RippleNet blockchain is one such product, which aims to…

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Cocos-BCX Blockchain Gaming Platform to be Listed on Binance

Back in August, Binance revealed their plans to open trading for the native token offered by Cocos-BCX. Binance revealed that they intend to have 3 trading pairs for Cocos at launch – Bitcoin, Tether and exchange’s local token Binance Coin . Cocos-BCX aims to provide gaming developers with a modern and easy-to-use blockchain infrastructure. This will enable the developers to work on games in a very graphical way without the need to dive deeply on technical issues that often end up being high barriers to entry. The company is also…

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Galaxy Digital Gains Approval to Underwrite Public Securities Offerings

Michael Novogratz’s crypto merchant bank Galaxy Digital has gained FINRA approval to underwrite public offerings of securities. Michael Novogratz’s cryptocurrency investment bank Galaxy Digital has gained approval from the Financial Industry Regulatory Authority (FINRA) to underwrite registered public offerings of securities. As reported by Bloomberg on Sept. 6, the company has its sights on facilitating security token offerings, or STOs. FINRA is a non-governmental private organization that acts as a self-regulatory body for member firms and exchange markets. The Goldman Sachs of cryptocurrencies Novogratz is a former partner at Goldman…

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Incoming European Central Bank President Is Open to Cryptocurrencies

Christine Lagarde, who has been nominated by European governments to replace sitting European Central Bank President Mario Draghi, appears kinder to the burgeoning cryptocurrency industry than her predecessor. In a statement issued to the Economic and Monetary Affairs Committee of the European Parliament, the former managing director of the International Monetary Fund laid out her guiding philosophy and game plan for how she will govern if her nomination is ratified. A Crypto-Friendly Statement In the speech, the EU Central Bank’s nominee briefly touched on the topic of innovative technologies, including…

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Keene New Hampshire Is Not Only a Libertarian Enclave – It’s Also a Crypto Mecca

Over the last few months, there’s been a lot of attention directed toward destinations like Slovenia, North Queensland, Japan, and Venezuela which capture the largest number of bitcoin cash merchants worldwide. Another region that’s seen a massive influx of BCH adoption is Keene, New Hampshire, a place that’s widely known for its lack of taxation, and the growing number of libertarian residents. With a city population of around 23,000, there are 78 BCH-accepting businesses providing goods and services for bitcoin cash. Also Read: Venezuelans Fighting Economic Hardship Discover Crypto’s True…

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TZERO CEO Issues Letter to Investors, Addresses Patrick Byrne’s Resignation

The CEO of tZERO, Saum Noursalehi, has issued an update on tZERO’s progress and addressed the departure of Overstock.com’s CEO Patrick Byrne. The CEO of Overstock’s blockchain subsidiary tZERO, Saum Noursalehi, has issued an update on tZERO’s progress and addressed the departure of Overstock’s CEO Patrick Byrne. In a letter to investors published on Sept. 6, Noursalehi addressed Byrne’s resignation as the CEO of American e-commerce giant Overstock.com. Noursalehi assured that Byrne’s departure will not have an impact on tZERO’s daily operations and implementation of the firm’s strategic roadmap. Byrne…

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Gemini Adds Former Morgan Stanley Executive as Chief Compliance Officer

Cryptocurrency exchange and custodian Gemini has announced that Noah Perlman, former global head of financial crimes and chairman of the political action committee at Morgan Stanley, will be its new chief compliance officer. Tyler Winklevoss, one of Gemini’s founders, announced this development on September 4, 2019. The announcement states that Perlman’s appointment goes hand-in-hand with Gemini’s policy to “ask permission, not forgiveness.”  “We chose this path because Compliance is one of Gemini’s four pillars along with Product, Licensing, and Security,” according to the announcement. “We are excited for Noah to…

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