US Congresswoman Vows to Brand Facebook’s Libra a Security Despite Today’s Updates

A United States congresswoman has said that she will keep working to brand Facebook’s planned stablecoin Libra a security. Facebook and the Libra Association may well have to deal with the SEC In an April 16 announcement, Representative Sylvia Garcia (D-TX) denied that recent updates to Libra’s whitepaper had substantively changed the yet-to-be-released stablecoin’s status […]

ZA Group Says Crypto Not Likely to Be a Threat to Monetary System

As part of a recent lengthy position paper on crypto, a South African regulatory body called the Intergovernmental Fintech Working Group, or IFWG, mentioned crypto as a possible but unlikely risk to the country’s monetary system at present.   In its April 16 paper, under a section titled “the risks of crypto assets,” the IFWG said: […]

Bitcoin, Ethereum, and XRP Back in the Green

Bitcoin, Ethereum, and XRP surged in the last few hours, making a rebound alongside the stock market as COVID-19 pandemonium cools. It seems that the crypto market is ready for a further advance. Bitcoin Bounces Off Support Bitcoin is up more than 7.5% in the past 12 hours. The sudden bullish impulse allowed it to […]

Grayscale Bitcoin & Ethereum Investors Hit New Record + More News

Source: Adobe/rcfotostock Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Investment news Major digital asset manager Grayscale Investments said it raised USD 503.7 million in 1Q20, nearly double the previous quarterly high of USD 254.8 in 3Q19. New investors […]

There’s Still Money for IEOs; Blockchain Fundraising Will Grow

Changpeng Zhao. Source: Instagram, Binance Initial Exchange Offering (IEO) are still very much a thing and will thrive in the future, said Changpeng Zhao, CEO of major crypto exchange Binance. “I am still very confident in the IEO market,” Zhao said, speaking at the virtual BlockDown 2020 conference today. He went on to explain that […]

Facebook’s Libra Concedes to Regulators, No Longer Permissionless

The Libra Association has changed its proposed model to put global regulators at ease. But will the move help quell concerns? Libra Coin Out, Sovereign Stablecoins In Originally, Libra planned to create a stablecoin backed by a basket of currencies and U.S. Treasury securities. That structure has today been overturned in favor of the platform […]

Facebook’s Libra Confirms A New Plan To Please Regulators

Source: Adobe/megaflopp In an attempt to ease regulatory concerns, Facebook‘s Libra just changed its initial plan to issue the multi-currency Libra Coin and now aims to start from single-currency stablecoins, such as LibraUSD, LibraEUR, etc. Also, the project dropped its plan to move to a permissionless system. “This will allow people and businesses in the […]

Libra Just Made a Bunch of Changes to Play More Nicely With Regulators

After a rocky road with the United States Securities and Exchange Commission, key decision-makers at Libra have gone back to the drawing board to re-tool their cryptocurrency platform to be more palatable to regulators. First of all, Libra has applied for a payment system license from Swiss regulator FINMA (Swiss Financial Markets Supervisory Authority). This […]

Macro Backdrop ‘Never Been More Conducive’ for Bitcoin

Source: Adobe/scaliger The current macroeconomic backdrop has never been more conducive for “a non-sovereign, censorship-resistant, provably scarce digital asset,” Kevin Kelly, Co-founder of crypto research boutique Delphi Digital, believes. In an analysis piece in eToro’s latest quarterly The State of Digital Assets report, he admitted that the recent drawdown in bitcoin (BTC) prices has certainly […]