cryptocurrency
PayPal to open up network to cryptocurrencies
In a significant move, PayPal has said it will allow clients to hold bitcoin along with other digital coins on its own online wallet and shop utilizing cryptocurrencies in the 26 m...
Facebook’s Libra taps ex-HSBC exec as CFO of payments unit
Another former HSBC executive is heading into the Facebook-backed Libra cryptocurrency project, joining as chief financial officer of a unit tasked with handling the projected digi...
G7 draft: Facebook’s Libra must not start until properly regulated
Financial leaders of this world’s seven largest economies will state on Tuesday that they oppose the launch of Facebook’s Libra stablecoin before it’s properly re...
Central banks eye digital cash to fend off crypto threat
The world’s largest central banks, as well as a few of those smaller ones are toying with the idea of issuing electronic currencies.
British watchdog bans Bitcoin-based products for retail investors
The UK’s financial watchdog has said it will ban the sale to retail investors of products that monitor the purchase price of crypto-assets like Bitcoin, stating most men and ...
ECB must prepare to issue a digital euro
The European Central Bank should prepare to issue a digital euro to complement banknotes “if and when” it becomes necessary, ECB board member Fabio Panetta has said tod...
EU nations call for cryptocurrency curbs to protect consumers
Germany, France, Italy, Spain and the Netherlands called on the European Commission to draw up regulation for asset-backed cryptocurrencies to protect consumers and maintain state ...
Bank of England says regulators must stay ahead of stablecoins
Financial regulators need to avoid playing catch up with electronic payment methods such as stablecoins and crypto-assets, the Bank of England’s new Governor Andrew Bailey ha...
Welcome to the world of crypto lending
It appears to be a surefire bet. You lend money to a borrower that puts up collateral that exceeds the size of the loan, and then you earn interest of about 20%. What could possibl...
UK to beef up City watchdog powers over crypto-assets
The UK’s finance ministry has proposed giving the City’s watchdog new powers to regulate crypto assets like bitcoin, and also outlined a crackdown on misleading sales l...
Twitter silences verified accounts after wave of hacks
Some of the highest profile accounts on Twitter have been hijacked, with some of the platform’s top voices including those of US presidential candidate Joe Biden, former US P...
Sources suggest Cryptocurrency exchange Coinbase readies stock market listing
Coinbase has started plans for a stock market listing that could come as early as this year, making it the first major US cryptocurrency exchange to go public, according to people ...
Singapore state investor Temasek joins Facebook’s Libra project
Singapore state investor Temasek Holdings has joined the Facebook-backed Libra digital currency project which has faced intense scrutiny from global regulators worried its launch c...
Bitcoin goes through third ‘halving’, falls versus US dollar
Bitcoin slid in volatile trading, after it went through a technical adjustment that reduced the rate at which new coins are created, but the outlook remained upbeat as the increase...