Facebook’s Libra has been receiving a lot of attention since it was first revealed. It has been subject to international scrutiny, analyst scrutiny, and even US congressional scrutiny. U.S congressman Warren Davidson of Ohio’s 8th congressional district added his voice…
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Secretary Mnuchin: Libra Backers Dropped out because of Libra’s Non-compliance
Steven Mnuchin speculated on what may have caused the latest blow to Facebook Libra’s ambitions. The proposed digital currency saw more of its corporate backers withdraw support, in what is being seen as a major setback. This came just weeks…
French Startup to Relaunch Crypto Payments Service in 5,200 Tobacco Shops
French crypto startup Keplerk will be re-launching its service to accept Bitcoin payments in over 5,200 tobacco shops in the country. The French startup had suspended this crypto service less than two months after its launch back in January, but…
Largest South Korean Convenience Store to Accept Crypto Payments Soon
The largest convenience store in Korea with 13,000 locations across the country CU, will soon be accepting crypto payments. According to local reports CU will integrate a payment system known as chai, which will enable consumers to utilize a Korean…
Legal Loophole makes Political Crypto Donations legal in Japan
A Japanese minister has confirmed that crypto donations are perfectly legal in the country due to a classification loophole. According to a Reuters report, Japanese minister of internal affairs and communication Sanae Takaichi confirmed that new found legality of crypto…
Mark Cuban on Bitcoin: “I’d rather have bananas”
Billionaire investor Mark Cuban said that he would rather own bananas than own Bitcoin. The billionaire investor made these remarks in a video Q&A with technology news outlet, Wired. During the Q&A session, he answered to a Twitter user who…
Ripple acquires Algrim, expands into Iceland
Ripple is expanding its engineering team by venturing into a new jurisdiction after acquiring Iceland-based crypto trading firm Algrim. Ripple will get six new engineers from the Algrim team with a focus on integrations with partner crypto exchanges. This team…
ECB Banker: Libra Could succeed where Central Banks have failed
Facebook’s Libra could potentially solve some of the problems that have plagued the international payments market for years now, but it might also create others if the regulators don’t get creative. This is according to a European Central banker who…
Justin Sun: Crypto Lunch back on Soon
Tron founder and CEO, Justin Sun says he’ll reschedule the charity crypto lunch that was to be held in July with Berkshire Hathaway chairman and Billionaire Warren Buffett. According to Sun, the much talked about lunch will be held very…
IFRIC: Cryptos are neither Financial Assets nor legal Tender
The international financial reporting interpretations committee (IFRIC) has ruled that cryptocurrencies are neither financial assets nor legal tender. The Korea Times reported the development on Sep 23, citing the Korea Accounting institute’s briefing in regard to an IFRIC meeting held…