A Chinese digital currency is the real threat, not Facebook’s Libra | Kenneth Rogoff

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Western governments need to start thinking about their response to currencies they cannot control The Facebook chief executive, Mark Zuckerberg, was at least half right when Congress that there measures were quickly lifted. For Russia, sanctions have been in place … Continued

Libras critics are missing the forest for the trees

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Nik Milanovic proposed stablecoin. jumped shipdirect pressureturned intoassailedannouncedCritics, though well-intentioned, are missing the forest for the trees. Governments should heed the lesson of the U.S.-Soviet space race of the 1970s and use the idea behind Libra, if not the project … Continued

How the wheels came off Facebook’s Libra project

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Support for Mark Zuckerbergs mission to reshape global finance is slipping away slowly but surely When quit in dramatic fashion in recent weeks, including PayPal, eBay, Visa and Mastercard, as concerns mount. One by one theyre starting to drop away. … Continued

Police arrest hundreds over international child sexual abuse website

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South Korean-based site accepted digital currency for access to videos, with victims rescued in US, UK and Spain Hundreds of people have been arrested in a worldwide operation over a South Korea-based Read more: https://www.theguardian.com/technology/2019/oct/17/police-arrest-hundreds-over-international-child-sexual-abuse-website

Cryptocurrencys bad day continues as the SEC blocks Telegrams $1.7 billion planned token sale

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Cryptocurrency’s bad news day continues to get worse as the U.S. Securities and Exchange Commission has said it has filed an emergency action and received a restraining order for the $1.7 billion planned token offering of Telegram’s blockchain. The move … Continued