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China seen advancing in race for blockchain supremacy

Tom Wilson, Reuters
Posted at Oct 30 10:10 PM

Calls by China's president to put blockchain at the heart of the country's innovation could tip the scales towards Beijing in the global race to lead in the fledgling technology, analysts and investors said.   Read more »

Bitcoin holds ground after China voices support for blockchain

Tom Wilson, Reuters
Posted at Oct 28 07:26 PM

Bitcoin held ground on Monday near a one-month high scaled over the weekend after China's President Xi Jinping said the world's second biggest economy should accelerate the development of blockchain technology. Read more »

Facebook's Marcus says Libra won't be controlled by a single company

Agence France-Presse
Updated as of Oct 21 08:28 AM

Facebook executive David Marcus on Sunday tried to calm the fears of officials threatening to block its proposed digital currency, saying Libra won't be controlled by a single company.  Read more »

G20 kicks off debate to regulate 'stablecoins' in hit to Facebook's Libra

Leika Kihara, Reuters
Posted at Oct 19 10:43 AM

Group of 20 finance leaders on Friday agreed to set strict regulations on cryptocurrencies such as Facebook's Libra, warning that issuance of such "stablecoins" should not be allowed until various global risks they pose have been addressed. Read more »

More companies back away from Facebook's Libra coin

Glenn Chapman, Agence France-Presse
Posted at Oct 12 09:12 AM

Credit card giants Visa and Mastercard, online marketplace eBay and digital payments firm Stripe each announced they had changed their minds about being founding members of the Libra Association assembled to promote the digital currency. Read more »

Libra partners reconsider as governments grumble: report

Agence France-Presse
Posted at Oct 02 09:16 AM

Mastercard, Visa and other financial partners being enlisted to oversee Facebook-backed cryptocurrency Libra are having second thoughts as regulators unleash ire on the project, according to a report Tuesday. Read more »

Cagayan ecozone authority to probe alleged cryptocurrency scam

ABS-CBN News
Posted at Sep 17 11:34 PM

The Cagayan Economic Zone Authority ordered the temporary suspension of all its licensed offshore virtual currency exchanges. Read more »

Cagayan ecozone authority temporarily suspends 3 virtual currency exchanges

Angel Movido, ABS-CBN News
Posted at Sep 17 12:00 PM

The Cagayan Economic Zone Authority ordered the temporary suspension of its virtual currency exchange licensees pending their move to Cagayan, its spokesperson said Tuesday. Read more »

CEZA: Chinese-manned firm traded cryptocurrency illegally

ABS-CBN News
Updated as of Sep 17 08:28 AM

A Chinese-manned service provider near the capital raided by authorities last week had engaged in illegal cryptocurrency operations, the Cagayan Economic Zone Authority (CEZA) said Tuesday.    Read more »

3 Chinese na dawit sa investment scam ipina-deport na

ABS-CBN News
Posted at Sep 16 07:41 PM

Ipina-deport na ang 3 Chinese na inaresto ng Bureau of Immigration noong nakaraang linggo dahil sa pagkakadawit sa milyon-milyong cryptocurrency investment scam. Read more »

THE DAY IN PHOTOS: September 2, 2019

ABS-CBN News
Posted at Sep 02 11:56 PM

Here are the day's big stories in photos. Read more »

Facebook's Libra currency 'could undermine ECB': official

Agence France-Presse
Posted at Sep 02 09:32 PM

Central bankers, politicians and regulators around the world are mistrustful of the private digital cash scheme set to launch in the first half of 2020. Read more »

Pac Token

Maria Tan, AFP
Posted at Sep 02 03:16 PM

Filipino boxing icon Manny Pacquiao (3rd left) raises a toast with (left to right) his business manager Arnord Vegafria, Jeffrey Lin and Sean Wong of GCOX during the launching of his own cryptocurrency "Pac Token" at a sports center in Manila on Sunday.  Read more »

Manny Pacquiao launches his own 'Pac' crypto tokens

Neil Jerome Morales and Ronn Bautista, Reuters
Updated as of Sep 02 01:43 PM

The 40-year-old boxer, who defeated Keith Thurman to win the WBA Welterweight Super Championship in July and is also a Philippine senator, hopes to cash in on his "Pac" tokens, which will allow fans to buy his merchandise and interact with him via social media. Read more »

Telegram plans to offer ‘Gram’ crypto coin

Nathaniel Popper, The New York Times
Posted at Aug 28 08:52 AM

Telegram has told investors that it is planning to send out the first batches of its coin, the Gram, within the next two months, according to three investors who have spoken with Telegram recently. Read more »

Terrorists turn to Bitcoin for funding, and they’re learning fast

Nathaniel Popper, The New York Times
Posted at Aug 19 02:35 PM

Cryptocurrencies are attractive to lawbreakers because they make it possible to hold and transfer money without a central authority, like PayPal, that can shut down accounts and freeze funds. Read more »

North Korea stole $2bn for weapons from cyberattacks: UN report

Agence France-Presse
Posted at Aug 07 11:19 PM

North Korea has stolen up to $2 billion from banks and cryptocurrency exchanges through cyberattacks to fund its nuclear missiles program, according to a United Nations report seen by AFP Wednesday. Read more »

Chinese crypto promoter apologizes after postponing Warren Buffett charity lunch

Reuters
Posted at Jul 25 06:51 PM

Chinese cryptocurrency entrepreneur Justin Sun issued a lengthy public apology on Thursday for the manner in which he promoted his $4.57 million charity lunch with Warren Buffett, raising questions over whether the event will go ahead. Read more »

G7 finance chiefs pour cold water on Facebook's digital coin plans

Leigh Thomas and Michael Nienaber
Posted at Jul 18 08:35 AM

The massive social media company's plan to launch a digital coin has met with a chorus from regulators, central bankers and governments saying it must respect anti-money-laundering rules and ensure the security of transactions and user data. Read more »

France, Germany worried over new Facebook currency

Agence France-Presse
Posted at Jul 18 02:15 AM

CHANTILLY, FRANCE - The finance ministers of France and Germany on Wednesday expressed serious reservations about Facebook's planned Libra cryptocurrency because of its possible impact on global financial stability. Read more »