UK government to focus on stablecoins first for regulation: minister
The stablecoins caused consternation in the U.K. when its launch was originally mooted back in 2019, in common with governments and central banks elsewhere in the world.
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Data harvesting vs data sovereignty: What is best for big tech customers?
Platforms like Facebook and Twitter are free because they use consumers as the product, harvesting data and selling them for profit, Patrick Thompson writes.
Why does this decade feel like crossroads for technology companies?
The explosion of data sped up the transformation into a connected world as more information was available for collection and analysis than ever before, Jacob Rozen writes.
Bitcoin vs big tech: the death of advertising?
Innovation is thriving in Bitcoin SV but Charles Miller predicts that its successes will be by adding to the world we know, rather than by destroying it.
David Gerard: The birth pangs of Facebook’s crypto project
A staunch critic of Silicon Valley, writer and journalist David Gerard offers a stinging critique of Facebook’s cryptocurrency project.
Facebook Libra rebrand draws legal and political ire
Facebook has been threatened with legal action after rebranding its Libra stablecoin to “Diem,” following objections from a finance startup with the same name.
The CoinGeek Pulse Episode 23: Libra is now Diem, Douglas Rushkoff makes Streamanity debut, Royal family reacts to Bitcoin
In this week’s Pulse episode, we have the latest in cyberspace and Queen’s Elizabeth’s reaction after getting a blockchain journal in the mail.
Facebook’s Libra launching in 2021 and Libra Association changes its name
Facebook will be launching the first Libra-issued digital asset in early 2021, it will be a stablecoin backed 1 to 1 with the US dollar
Facebook fined $6.1M in South Korea for sharing user data without consent
South Korean authorities have been investigating Facebook since 2018 following the Cambridge Analytica scandal, according to reports.
Facebook Libra taps ex-OCC exec as lead counsel
The Libra Association has announced Saumya Bhavsar as the general counsel for its payment subsidiary, Libra Networks.
BIS: Regulation could be embedded in stablecoins
The Bank for International Settlements (BIS) has said regulation could be embedded into private global stablecoins, such as Facebook’s Libra.
G7: Facebook’s Libra must not launch until it’s properly regulated
Financial regulators in the world’s seven biggest economies will continue to oppose the launch of Facebook’s digital currency Libra until proper regulations are in place.
