(CNN) – In its effort to bring the Libra cryptocurrency to life, perhaps the biggest hurdle for Facebook is a lack of trust and opposition from regulators around the world, who are concerned about Libra’s potential implications for privacy and financial stability and Facebook’s role in managing it. Facebook’s answer to those criticisms is the…
Read more
SAN FRANCISCO , Sept.30, An O’Melveny team led by Financial Technology group chair Eric Sibbitt has advised the newly launched Crypto Ratings Council (CRC), an association of leading crypto companies, in the development of a pioneering evaluation and rating system for cryptocurrencies.The Council’s founding members, which represent many of the industry’s largest trading platforms, asset…
Read more
The launch of the Libra cryptocurrency is postponed, the head of the 28-member Libra Association Bertrand Perez told Reuters on Friday. “We knew that we would have to answer lots of questions coming from regulators on both sides of the Atlantic, and from other parts of the world,” Perez said during an interview at the…
Read more
I was recently afforded the opportunity to visit China with Huawei and attend the company’s Huawei Connect 2019 conference. One of the most enlightening elements of the trip – other than the conference itself – was the streamlined mobile payment system used in China. China has a similar commerce setup to South Africa, with a…
Read more
Tech Can Rescue Us From Big Brother Elaine Ou , Bloomberg News (Bloomberg Markets) — Information used to be a localized affair.Before the internet, bank accounts were confined to physical ledgers in a filing cabinet and took so much work to copy that they rarely left the building. IBM mainframes entered the office in the…
Read more
JOHANNESBURG, South Africa, Net 1 UEPS Technologies, Inc.(Nasdaq: UEPS; JSE: NT1) today released preliminary unaudited results for the fourth quarter and full year fiscal 2019. Preliminary Q4 2019 Highlights : Revenue of $71.2 million, GAAP EPS of $(2.63) and Fundamental EPS of $(2.45); Fundamental EPS of $(2.45) includes $125.4 million, or $2.21 per share of…
Read more
Point Roberts, Washington and Delta, Investorideas.com , a global investor news source covering Artificial Intelligence issues a special edition of The AI Eye , reporting on recent news from VSBLTY Groupe Technologies Corp .(CSE: VSBY) (OTC: VSBGF) (FSE: 5VS), a leading retail software and technology company using artificial intelligence. Listen to the podcast: https://www.investorideas.com/Audio/Podcasts/2019/092819-AI-Eye-VSBLTY.mp3 VSBLTY…
Read more
On August 1, 2017, the bitcoin protocol underwent a hard fork which split the network in two and gave birth to “bitcoin cash.” Why did this happen and what are the consequences? Tired of the infighting and perceived lack of progress on bitcoin’s scaling debate, and unhappy with the decision to go ahead with the…
Read moreBull runs, futures, institutions, Bakkt; Bitcoin is gaining ground like never before.But how much do everyday people know about Bitcoin around the world? Knowledge About Bitcoin Around the World This summer, I took some time out.My travels led me to a few of the world’s most progressive Bitcoin countries, excluding Malta and Switzerland. I was…
Read more
Blockchain , Cryptocurrency , News Leave a comment 86 Views SALT Diversifies Its Collateral Options by Adding Nydfs-Regulated PAX Gold Bringing Crypto-Backed Loans to Gold Investors SALT , the pioneer of crypto-backed lending, announced that beginning October 1, 2019, it will offer the just released PAX Gold (PAXG) as a collateral type for clients seeking…
Read more