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Category: Ethereum

Paxos Receives “No-Action” Letter from SEC to Settle Blockchain-based Equities

Paxos Receives “No-Action” Letter from SEC to Settle Blockchain-based Equities

Paxos is planning to streamline equities settlement by using a regulatory compliant blockchain-based process. The Paxos Trust Company received a no-action relief letter from the US Securities and Exchange Commission (SEC) on October 28, in order to conduct equity securities trading on a blockchain-enabled platform designed specifically for broker-dealers.  Paxos’s management revealed that Credit Suisse…

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“Hell No”: Twitter CEO Jack Dorsey Confirms He’ll Never Join Facebook’s Libra Project

“Hell No”: Twitter CEO Jack Dorsey Confirms He’ll Never Join Facebook’s Libra Project

Jack Dorsey, CEO of two multi-billion dollar companies, microblogging network Twitter and payments technology firm Square, has said that Twitter will never join the Facebook-led Libra stablecoin project. On October 24, a Twitter thread by Hollywood Reporter editor Alex Weprin, who was attending an event held at Twitter’s New York location, revealed that Dorsey wants…

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IBM and SoftBank Launch Cross-Carrier Blockchain Platform for Mobile Payments

IBM and SoftBank Launch Cross-Carrier Blockchain Platform for Mobile Payments

Tokyo-based SoftBank is partnering with New York-headquartered tech giant IBM to launch a cross-carrier blockchain platform, with special focus on technologies that will enable smartphone users to conduct local payments while traveling abroad and roaming. In an October 22 release, SoftBank’s management stated that it will work with IBM and blockchain firm TBCASoft that creates…

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Facebook’s Libra Charter Signed By 21 Organizations During Meeting in Geneva, Switzerland

Facebook’s Libra Charter Signed By 21 Organizations During Meeting in Geneva, Switzerland

The Libra charter has been signed by 21 organizations, just days after several high-profile payment processing and e-commerce companies withdrew from the controversial stablecoin project led Facebook. The Libra Association named its board of directors and formed the consortium’s executive team during a conference held in Geneva, Switzerland. Facebook is moving forward with Libra along…

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Crypto ‘Sextortionists’ Turn to Litecoin to Avoid Detection: Report

Crypto ‘Sextortionists’ Turn to Litecoin to Avoid Detection: Report

Litecoin and other alts are becoming increasaingly prevalent among crypto “sextortionists” since they allow to avoid detection more easily, a new research says. Litecoin (LTC) and other alts are becoming increasingly prevalent among crypto “sextortionists” since they allow to avoid detection more easily, a new research says. According to cybersecurity firm Cofense’s new report published…

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G7 Group of Nations Warns that Global Stablecoins Threaten Existing Financial System

G7 Group of Nations Warns that Global Stablecoins Threaten Existing Financial System

The G7 group of nations has prepared a draft report which notes that globally accessible stablecoins pose a significant threat to the existing financial system. According to BBC, G7’s draft report detailed the different risks involved with digital currency transactions. For instance, even if Libra Association members address relevant regulatory requirements, the project might not…

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