Business News

Senate

Watch Today’s Facebook Libra Hearing at the House Financial Services Committee

| Marc Hochstein

Watch the live webcast of the House Financial Services Committee hearing on Facebook's Libra cryptocurrency project.

Overstock’s tZERO Lures New Execs from Barclays and IMAX

| Anna Baydakova

The security token platform is strengthening its leadership team with three new hires as it prepares to onboard more tokens.

40-Strong Blockchain Insurance Group B3i Appoints CEO

| Ian Allison

Insurance industry blockchain group B3i has appointed John Carolin as chief executive officer.

Ex-CFTC Advisor: Facebook’s Libra Could Be Both Security and Commodity

| Wolfie Zhao

Security? Payment token? Utility token? Defining Facebook's Libra won't be easy, and it's not Facebook's call, says Jeff Bandman.

Cuba Libra? Island Nation Slowly Explores Cryptocurrency Options

| Leigh Cuen

Cuba highlights the difference between bitcoin and corporate token projects like Facebook's Libra.

Facebook’s Libra Should Be Regulated Like a Security, Says Former CFTC Chair

| Nikhilesh De

Former CFTC Chairman Gary Gensler believes Facebook's Libra looks – and should be regulated like – a security.

Traditional Money Could Be ‘Surpassed’ By E-Money, Stablecoins: IMF Paper

| Daniel Palmer

A new IMF paper suggests that cash and bank deposits could be left behind as digital money and fiat-pegged cryptos see greater adoption.

Top Republican Touts Blockchain Privacy as Alternative to Regulating Big Tech

| Daniel Palmer

U.S. House minority leader Kevin McCarthy has argued for the use of blockchain networks in protecting users' data from "exploitation."

Polkadot Tokens Valued at $75 Pre-Launch in Crypto ‘Futures’ Offering

| Leigh Cuen

They don't exist yet, but you can soon buy Polkadot tokens from CoinFLEX via a new mechanism: the initial futures offering (IFO).

What to Expect When Congress Grills Facebook on Cryptocurrency

| Nikhilesh De

The Congressional hearings on Facebook's Libra are likely to focus more on the company's privacy failings than broad crypto policy questions.