By CCN Markets: Facebook is already under fire from regulators less than a day after officially revealing its cryptocurrency whitepaper. Based on three separate talks, it’s clear top government and bank officials from around the world are preparing to regulate Facebook Libra. Cryptocurrencies like bitcoin transcend national borders, and project Libra is looking to cash in on this edge that no other central bank can lay claim to. Regulators are on high alert as Facebook ambitiously aims to be the first global central bank. Bank of England Governor Demands High Standards In Portugal at the ECB’s annual symposium, Bank of
Ethereum-based cryptocurrency Maker is outperforming the broader markets with a 37 percent gain on a month-to-date basis.
An Indian government-supported blockchain summit is drawing many policy makers with the aim to speed up the development of cryptocurrency regulation in the country. Among expected participants are officials from the Indian Ministry of Finance and the panel currently tasked with drafting the regulatory framework for cryptocurrencies.
Fostering Crypto Ecosystem
Blockchain Summit India 2019 is supported by the Indian government’s Department of Science and Technology and the State Government of Uttar Pradesh. Taking place on Feb. 22 and 23, the event aims to accelerate blockchain and cryptocurrency policy formation for India. According to its website:
Apple has struggled to win over the Chinese mobile phone market as reports have suggested but Samsung is also having a similar issue. Samsung Electronics revealed that it recorded a 31 percent decline in net profit in the fourth quarter of 2018 as the operating profits of its mobile business plunged by nearly 33 percent. Samsung Sees Large Net Profit Declines Analysts at Samsung attributed the overall decline in profits to various geopolitical factors including the U.S.-China trade war. Due to macroeconomic uncertainties, the company said that its memory business will likely not strongly rebound until the second quarter of
Last week, 0x (ZRX), an open protocol that facilitates the low-friction, peer-to-peer exchange of ERC-20 tokens on the Ethereum blockchain, announced the creation of its Market Maker Program, as part of a broader effort to bring liquidity to its network. Introducing the 0x Market Maker Program! 📈 The Program was created to bring additional liquidity to the 0x ecosystem by providing […]
Stablecoin Dai (DAI), created by Maker (MKR), has officially become the first ever cross-chain ERC-20 token after entering beta testing on Wanchain (WAN), a blockchain platform that connects and exchanges value between different blockchain ledgers. Introducing MakerDAO's Dai on Wanchain, the First Ever Cross-Chain ERC20 ! Beta Testnet is Now Open. Read our Medium post for more details on this groundbreaking […]
VeChain (VET), a Singapore-based enterprise blockchain platform for financial services and supply chain management, announced this week that it has entered into a partnership with BYD Auto, one of China’s largest automobile manufacturers, to develop a carbon credit solution on the VeChainThor blockchain. Through its partnership with DNV GL and VeChain, BYD has created Carbon Credits and […]