Stocks sharply rebound as markets rally on expectations of government bailout, testing

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Into Africa: tech leaders weigh in on Jack Dorsey’s planned move to the continent

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As 2019 closes, a look back at what happened to the altcoin boom

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re peeking at what’s gone on in the world of altcoins recently, the other cryptocurrencies aside from bitcoin. As 2016 came to a close, altcoins like ether and XRP saw their value soar. Toward […]

Dutch court orders Facebook to ban celebrity crypto scam ads after another lawsuit

A Dutch court has ruled that Facebook can be required to use filter technologies to identify and pre-emptively take down fake ads linked to crypto currency scams that carry the image of a media personality, John de Mol, and other well known celebrities. The Dutch celerity filed a lawsuit against Facebook in April over the […]

Libra’s critics are missing the forest for the trees

But Facebook is probably not the right actor to spearhead this initiative Nik Milanovic 8 hours Nik Milanovic Contributor Nik Milanovic is a fintech and financial inclusion enthusiast, with a decade of work across mobile payments, online lending, credit and microfinance. More posts by this contributor What money should be The Third Age of credit […]

Bitcoin and cryptocurrencies had a very bad day

The price of Bitcoin and other cryptocurrencies tanked today, continuing a months-long slide that has seen the value of the digital currency slide by more than $2,000 from highs of above $10,000 earlier in the year. Investors are still speculating about the cause of the crash, but hopeful cryptocurrency bulls before today had hoped that […]

Elliptic banks $23M to shrink crypto risk, eyeing growth in Asia

Crypto means risk. To UK company Elliptic it also means business. The startup has just closed a $23M Series B to step up growth for a crypto risk-management play that involves selling tech and services to help others navigate the choppy darks of cryptocurrencies. The round was led by financial services and asset management firm […]

Facebook reportedly hasn’t contacted the regulator it says will oversee Libra’s privacy and data security

A Swiss regulatory agency that Facebook executive David Marcus said in congressional testimony would be responsible for overseeing data and privacy protections for the company’s newly launched cryptocurrency, Libra, has not been contacted by Facebook, according to a report. CNBC is reporting that the Swiss Federal Data Protection and Information Commissioner, who Marcus said would […]

How Facebook’s Libra is similar in concept and motivation to Kik’s Kin cryptocurrency

Facebook unveiled its Libra cryptocurrency initiative today, which is part of an alternative financial system (including new subsidiary and wallet Calibra) it aims to build alongside industry and academic partners including Mastercard, PayPal, Visa, Uber, Andreessen Horowitz and Creative Destruction Lab. Facebook’s plans for Libra sound ambitious, risky and novel — but a predecessor exists […]

CoinBits launches as a passive investment app for bitcoin

Erik Finman is a twenty-something bitcoin maximalist as famous for his precocity as he is for his $12 bet on the currency a few years ago. Now, Finman, who built his first company while still in high school, is launching a new startup called CoinBits, which allows users to passively invest in bitcoin. The idea, […]