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Facebook’s Libra is a threat to national sovereignty | Bruno La Maire
Facebook’s Libra is a threat to national sovereignty | Bruno La Maire
With its Libra plan for a global digital currency, Facebook has shown both economic and political ambitions. The project would mean a private company controlling a common good and taking over tasks normally discharged by states. This is unacceptable for both economic and political reasons.
·ft.com·
Facebook’s Libra is a threat to national sovereignty | Bruno La Maire
Telegram’s TON Launch and Token Distribution — All the Details to Date
Telegram’s TON Launch and Token Distribution — All the Details to Date
Momentum for TON has been building over the past few months and the token distribution set for Oct. 16 was drawing ever nearer. In August and September, Telegram released the TON testnet for both explorer and node software, launched a free wallet service for its 300 million users, and announced a controversial $400,000 bug bounty. Just as everything was falling into place for the company — the SEC stepped in.
·cointelegraph.com·
Telegram’s TON Launch and Token Distribution — All the Details to Date
We Sent a Man to the Moon. We Can Send the Dollar to Cyberspace
We Sent a Man to the Moon. We Can Send the Dollar to Cyberspace
Ex-CFTC Chair Giancarlo: “No perfect solution exists to address the challenges and promises of digital currency, nor can anyone predict all the technological advances these efforts will generate. The same was true when President Eisenhower proposed the National Aeronautics and Space Administration and when President Kennedy vowed to put a man on the moon. America must once again establish a team of the world’s brightest minds, this time to update a global economic order that ensures our freedom and prosperity.”
·wsj.com·
We Sent a Man to the Moon. We Can Send the Dollar to Cyberspace
Libra Investment Token: Crazy ROI
Libra Investment Token: Crazy ROI
Libra coin will be backed by assets held in the Libra Reserve. This Reserve will be managed by the Libra Association - in order to become part of the Association, applicants have to buy at least $10M of Libra Investment Tokens. These tokens will produce dividends for the holders; dividends generated by the yield of assets held in the Reserve.
·hackernoon.com·
Libra Investment Token: Crazy ROI
CoinShares, Blockchain Launch Gold Token Network on a Bitcoin Sidechain
CoinShares, Blockchain Launch Gold Token Network on a Bitcoin Sidechain
Working with wallet provider Blockchain and precious medal trader MKS (Switzerland) SA, Coinshares announced a gold-backed network for trading tokens representing digitized physical gold. The network launches with more than $20 million in gold held in a Swiss vault to back up its tokens. Each DGLD token is backed by 1/10th troy ounce.
·coindesk.com·
CoinShares, Blockchain Launch Gold Token Network on a Bitcoin Sidechain
How Anti-Money-Laundering Rules Hinder Libra's Mission to Reach the Unbanked
How Anti-Money-Laundering Rules Hinder Libra's Mission to Reach the Unbanked
The Libra Association is thinking of radical approaches to reach the unbanked in certain locations, including a “step-ladder” approach to KYC regulations. The FATF said it is open to working with Libra about potentially building new forms of digital identity. Libra believes blockchain forensics firms like Chainalysis, Elliptic and Coinfirm will help strengthen the case for “tiered KYC” by monitoring wallet profiles and transaction histories. Non-profits in the Libra Association like the Kiva Foundation may play a key role.
·coindesk.com·
How Anti-Money-Laundering Rules Hinder Libra's Mission to Reach the Unbanked
Swiss National Bank to Research CBDCs at New BIS Innovation Hub Centre
Swiss National Bank to Research CBDCs at New BIS Innovation Hub Centre
The Swiss Centre will examine the integration of digital central bank money into a DLT infrastructure. This new form of digital central bank money would be aimed at facilitating the settlement of tokenised assets between financial institutions. The project will be carried out as part of a collaboration between the SNB and the SIX Group in the form of a proof of concept.
·bis.org·
Swiss National Bank to Research CBDCs at New BIS Innovation Hub Centre
UNUSED LEO: Bitfinex’s Token Crashes Beneath its $1 Private Sale Price
UNUSED LEO: Bitfinex’s Token Crashes Beneath its $1 Private Sale Price
LEO is a curiosity in the crypto space, spawned after an initial exchange offering (IEO) by Bitfinex that ran until June 10. According to the claims of Bitfinex, the exchange raised $1 billion from private placements. Conveniently placed, the IEO in effect offset the $900 million debt to Tether, Inc.
·bitcoinist.com·
UNUSED LEO: Bitfinex’s Token Crashes Beneath its $1 Private Sale Price
Class action lawsuit against Bitfinex and Tether filed by lawyers who successfully sued Craig Wright
Class action lawsuit against Bitfinex and Tether filed by lawyers who successfully sued Craig Wright
A class action lawsuit was filed today against Bitfinex, Tether and others  was filed in the United States District Court in the Southern District of New York. The new federal court class action lawsuit alleges over $1.4 trillion in damages suffered by class members.
·theblockcrypto.com·
Class action lawsuit against Bitfinex and Tether filed by lawyers who successfully sued Craig Wright
The Ties That Bind Facebook's Libra
The Ties That Bind Facebook's Libra
A WIRED analysis finds that 15 of the 27 founding members of the Libra Association are directly or indirectly tied to Facebook. The total includes members that employ former Facebook executives, members whose boards include Facebook board members, and numerous ties through common investors.
·wired.com·
The Ties That Bind Facebook's Libra
Crypto Rebels Trip Over Each Other en Route to Financial Utopia
Crypto Rebels Trip Over Each Other en Route to Financial Utopia
“MakerDAO and DeFi more generally are helping to provide an answer to the question that hangs over crypto. After the bubble, then crash, of 2017 and 2018, it’s natural to ask, ‘What do we use this stuff for?’ DeFi is the first legitimate answer to the question. DeFi is starting to have its moment because it’s the next chapter for crypto.”
·bloomberg.com·
Crypto Rebels Trip Over Each Other en Route to Financial Utopia