Month: October 2019


Virtual Asset Service Providers should work together to comply with FATF standards

“You have to have systems in place,” said Rick McDonell, Former [FATF] Executive Secretary and Executive Director at Association of Certified Anti-Money Laundering Specialists [ACAMS] on the latest edition of Binance Podcast with Binance CFO Wei Zhou. McDonell said, “Digital assets and virtual assets service providers are one of the newest but most important areas […]


Bitcoin needs to valued at around $150,000 to handle Bitcoin ETF demands

The prospect of a Bitcoin ETF came crashing down a few weeks back when the United States’ Securities and Exchange Commission [SEC] rejected the last standing Bitcoin ETF application submitted by Bitwise Asset Management, on the grounds that a regulated ETF may lead to “manipulative acts and practices.” In what could be yet more bad […]


Libra’s a safe, secure and regulated alternative to decentralized cryptocurrency: Mark Zuckerberg

During Mark Zuckerberg’s congressional hearing on Libra, Congresswoman Carolyn Maloney raised the question on Facebook’s intent behind gaining regulatory clearance. In this regard, the Facebook CEO clarified that the company aims to seek approval from all of the regulators that have jurisdiction over Libra’s line of business. Claiming to be different from “other decentralized and […]


Microsoft collaborates with OpenZeppelin to launch audited smart contract library

Recently, OpenZeppelin, provider of blockchain security audits and open-source development tools, announced that it would be launching the OpenZeppelin Audited Smart Contract library. This launch is in collaboration with multinational technology corporation, Microsoft, as part of its Azure blockchain development kit’s VSCode plug-in. According to the release, it will enable smart contract developers using Microsoft’s […]


Ripple exec claims there’s huge opportunity in the Middle East

Alternate headline: ‘Ripple: we’re replacing the plumbing with post-Internet era plumbing’ or ‘Middle East is the largest remittance market in the world’ Recently in Abu Dhabi, CNBC’s Hadley Gamble interviewed Ripple’s Managing Director for South Asia & MENA, Navin Gupta, who discussed the process of remittance and opportunities for the company in the Middle East. According […]


Facebook will walk away from Libra if it doesn’t meet U.S. regulators’ standards

Facebook’s intention to launch its cryptocurrency project, Libra, has raised serious concerns about Mark Zuckerberg’s plans to establish a global digital currency that would challenge the U.S. dollar. In this regard, Facebook CEO Mark Zuckerberg testified about Libra at a hearing held by the House Financial Services Committee. Answering one of the concerns raised by […]


Why did Facebook change stance on cryptocurrency ads? Congresswoman Waters questions Mark Zuckerberg

Facebook CEO Mark Zuckerberg testified before the House Financial Services Committee, supporting the Libra initiative and reasoning out previous allegations in relation to breaking the users’ trust. Zuckerberg started off the hearing by pointing out the drawback of the existing payments system, which he envisions to overcome by the cryptocurrency project. Chairwoman Maxine Waters highlighted […]


WATCH: Zuckerberg’s LIVE testimony on Facebook’s cryptocurrency venture Libra

The social media giant, Facebook is poised to set a clear footing into the cryptocurrency market as Mark Zuckerberg faces Congress on all things Libra and advertising policies. This hearing marks an important foothold for Facebook’s digital currency dream as both the firm and its project have been under the regulatory scrutiny since the announcement […]