Stablecoin

Facebook is Meta

Facebook’s cryptocurrency venture to wind down and sell tech assets

Meta Platforms Inc’s digital currency venture Diem Association is winding down and selling its technology to California-based Silvergate Capital Corp for about $200 million, ...

Visa Payment

Visa launches crypto advisory service for financial institutions, merchants

Visa, the world’s largest payment processor, launched a global crypto advisory service for clients such as banks and also merchants, as the adoption of digital currencies gai...

Crypto Coins

Crypto firms Tether and Bitfinex to pay $42.5 million to settle US CFTC charges

Cryptocurrency Tether and crypto exchange Bitfinex will pay $42.5 million to settle civil charges from the US Commodity Futures Trading Commission over allegedly making misleading ...

Digital currencies

G7 finance officials endorse principles for central bank digital currencies

G7 finance officials have endorsed 13 public policy principles for retail central bank digital currencies, saying they should be grounded in transparency, the rule of law and sound...

Crypto Coins

Crypto platform Poly Network says hacked funds returned

Cryptocurrency platform Poly Network has said that almost all of the $610 million stolen this month in one of the biggest crypto heists had now been returned by the unknown person ...

US Treasury Secretary Janet Yellen

Yellen urges quick US adoption of stablecoin rules

Treasury Secretary Janet Yellen has told regulators that the US government must move quickly to establish a regulatory framework for stablecoins, a rapidly growing class of digital...

Crypto Coins

Powell says a Fed digital currency could undercut need for cryptocurrencies

Federal Reserve Chair Jerome Powell on Wednesday said one of the stronger arguments for the US central bank to set up a digital currency is that it could undercut the need for priv...

Libra

Facebook-backed crypto Diem to launch US stablecoin in major shift

Digital currency group Diem Association, formerly known as Libra project, plans to launch a US dollar stablecoin as it scales back its global ambitions to focus on the US, the grou...

Visa Payment

Visa moves to allow payment settlements using cryptocurrency

Visa has said it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the...

Libra

Facebook-backed digital coin Libra rebrands itself as Diem

Facebook-backed cryptocurrency Libra was rebranded “Diem” in a renewed effort to get regulatory approval by dreading the project’s genuine independence.

Libra

Facebook’s Libra is to launch as early as January but scaled back

The Switzerland-based Libra Association which will issue and regulate Libra intends to launch a single electronic coin backed by the buck, the FT newspaper has said.

Libra

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...

Libra

G7 vows to fight ransomware attacks; say stablecoin needs regulation

Fiscal leaders of this world’s seven biggest economies on Tuesday pledged to fight rising ransomware strikes amid the COVID-19 pandemic, also said no stablecoin surgery shoul...

Libra

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...

Libra

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 ...

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