BoE looks to throw open doors to tech companies ahead of Brexit
The Bank of England opening up its balance sheet to payment companies and tech firms such as Facebook would bolster Britain's 7 billion pound ($9 billion) fintech sector just as it faces tougher competition from Europe after Brexit.
New tokens thrive in crypto market but sales raise questions
Initial exchange offerings (IEOs) have been the latest darlings in raising funds for cryptocurrency projects, but intensifying regulatory scrutiny and investors' concern about the viability of the companies raising capital are flashing red flags.
Facebook co-founder says Libra could shift monetary clout to private companies: FT
Facebook Inc's Libra cryptocurrency would hand over much of the control of monetary policy from central banks to private companies, the company's co-founder Chris Hughes said in an opinion piece in the Financial Times on Friday.
Unruly social media no model for Facebook's Libra currency: BoE's Carney
Facebook cannot expect its new Libra currency to benefit from the same unregulated free-for-all that helped the company achieve a dominant position in social media, Bank of England Governor Mark Carney said on Thursday.
Explainer: Initial exchange offerings flourish in crypto market
Initial exchange offerings (IEOs) are currently the most popular fundraising trend in the cryptocurrency industry, which has seen poster child bitcoin surge more than 150% in 2019. As the name suggests, initial exchange offerings are conducted over crypto trading platforms and exchanges.
U.S. video streaming app YouNow files cryptocurrency offering with SEC
U.S. live video streaming company YouNow on Wednesday filed with the Securities and Exchange Commission a public offering circular to distribute its own digital currency called Props.
Facebook's cryptocurrency ambitions face privacy concerns, political backlash
Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns.
France creates G7 cryptocurrency task force as Facebook's Libra unsettles governments
France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook's Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France's central bank governor said on Friday.
Euroclear to press ahead with blockchain pilot for commercial paper
Securities house Euroclear said on Wednesday it would push ahead with building a pilot blockchain-based platform for issuing and settling commercial paper transactions used by companies to grease the wheels of the economy.
U.S. lawmaker calls for Facebook to pause cryptocurrency project
A leading U.S. House lawmaker on Tuesday called on Facebook Inc to halt development on its new cryptocurrency and for company executives to testify before Congress, adding to global concerns about what the digital currency could mean for data privacy and security.
Senior U.S. lawmaker says Facebook should halt cryptocurrency project pending review
U.S. House Financial Services Committee Chairwoman Maxine Waters said Tuesday that Facebook Inc should halt development of its announced cryptocurrency until Congress and regulators conduct a review.
Explainer: 'Stablecoins' in the spotlight as Facebook unveils Libra cryptocurrency
The original cryptocurrency accounts for over half of the $285 billion global coin trading market. But that dominance is under threat, with a host of alternative digital coins emerging as developers race to build cryptocurrencies able to enter mainstream commerce and finance.
BoE's Carney says keeping open mind on Facebook's Libra
Bank of England governor Mark Carney has said he is keeping an 'open mind' on the potential utility of Facebook's planned cryptocurrency, but warned it may face strict regulation if it takes off.
Factbox: Facebook's new cryptocurrency Libra and digital wallet Calibra
Facebook Inc revealed plans to establish a cryptocurrency called Libra on Tuesday. It will be run by an association comprised of other corporate investors and non-profit members, with an expected launch in the first half of 2020.
Swiss regulator says in contact with initiators of Facebook's Libra
Switzerland's financial regulator FINMA said on Tuesday that it is in contact with the "initiators" of Libra, Facebook's planned cyrptocurrency.
UK digital bank Monzo takes first steps into U.S. market
Fast-growing British digital bank Monzo is launching in the United States through a limited rollout of its app-based checking account and connected debit card, it said on Thursday.
Is bitcoin growing up? Regulated futures boom as investors seek a safer ride
When bitcoin was born it was a symbol of counterculture, a rebel currency with near-anonymity and a lack of regulation. A decade later, there are growing signs it's entering the establishment its creators sought to subvert.