Facebook’s Libra Crypto Code Draws Critiques and Clones on GitHub

The early-access code for Facebook’s Libra cryptocurrency hit GitHub two weeks ago – and in that time, critics and would-be trollers have taken aim at the project. Spun up by the social media giant and presently managed by the non-profit Libra Association, the project on GitHub has been saved or “starred” by close to 10,000 users, signifying an early wave of interest among open-source participants. Additionally, over 1,000 clones of the codebase have been created thus far as technologists sit down to experiment with Libra’s code. In fact, some of…

Deutsche Börse’s Xetra Exchange Lists First Blockchain Firm

Xetra, a Deutsche Börse-operated trading venue for financial assets such as stocks, bonds and funds, has just listed its first blockchain company. As reported by DGAP.de on Monday, shares in the firm, Advanced Blockchain AG, will be tradeable on Xetra from today. The news comes after the same company launched on the Frankfurt Stock Exchange in January. Berlin-based Advanced Blockchain AG develops distributed ledger technology (DLT) software for businesses, according to DGAP. Along with its subsidiary nakamo.to GmbH, the firm has built a project called peaq, which sets out to provide…

BIS Chief: Central Banks May Issue Digital Currencies ‘Sooner Than We Think’

After issuing comments and reports heavily critical of cryptocurrencies over the last few years, Agustin Carstens, chief of the Bank for International Settlements (BIS), has acknowledged that central banks will likely soon need to issue their own digital currencies. Speaking to the Financial Times on Sunday, Carstens said that BIS – which acts like a central bank for central banks – is supporting global central banks’ efforts to research and develop digital currencies based on national fiat currencies. A number of central banks are engaged in such work and “we are working…

Metronome Now Lets Users Move Tokens Between Blockchains

MET token holders now have the option to choose their blockchain, a feature that was first announced a year ago at launch but only rolled out last week. The developers of the Metronome project announced activation of the cryptocurrency’s cross-blockchain capability following successful test transfers of MET tokens from the ethereum blockchain to the ethereum classic blockchain and back. Cross-chain hops allow holders to pick the ledger that suits their risk profiles and requirements for stability and governance. While that may sound like an atomic swap, Jeff Garzik, principal architect,…

Russia Won’t Ban Facebook’s Libra Currency, Deputy Finance Minister Says

The Russian Ministry of Finance will not issue any special regulations for Facebook’s upcoming digital currency Libra, deputy minister Alexei Moisseev said Monday. Answer reporters’ questions, Moisseev said Libra will be treated in Russia like any other digital asset, regulations for which are coming, according to the news agency Interfax. He added: “Nobody is going to ban it. “ On the other hand, no cryptocurrency of any sort will ever become legal tender in Russia, Moisseev said. “The ruble is our national currency and all operations should be conducted using…

Monarch Unveils a Marketplace and Crypto Trading Platform

Monarch, a wallet and exchange platform, launched a digital asset marketplace to supports 1,900 separate tokens. The company also announced a partnership with financial-services provider Ambisafe to create a licensed alternative trading system which will enable investment in tokenized entities. A pre-IPO token for SpaceX, representing private shares of the aerospace company, will be offered on the ATS, according to the company. The Monarch Marketplace consolidates a number of services including a decentralized wallet, ERC20 exchange, a portfolio tracker, and universal KYC integration on a platform that also enables financial…

Facebook’s Inches Towards Global Regulatory Compliance, Applies for New York BitLicense

Facebook’s initiative to create an accessible, frictionless, globally-available cryptocurrency and payments network is brushing up against unprecedented regulatory hurdles, at least according to a new report from Reuters. Though the social media company is taking steps to comply with watchdogs around the world, many experts are concerned that it won’t be enough. Facebook’s path forward will involve careful orchestration with central banks, financial overseers, and enforcement officers around the world. This administrative tightrope-walk may involve “literally hundreds, perhaps thousands, of licenses from hundreds of different regulators,” said Sean Park, Founder…

Blockchains.com Founder Buys Community Bank to Finance Crypto Dreams

Jeffrey Berns, eccentric founder of blockchain incubation and investment firm Blockchains.com, purchased a small community bank in Las Vegas, Nevada in order to secure financing as he manifests his decentralized dreams, according to The Nevada Independent. Berns said his ambitions are incompatible with the current financial system and he feared that the banking complex would cut off his supply of capital. The 56-year-old attorney previously announced plans to construct a Reno-sized, blockchain-focused smart city and e-sports arena in the Nevada desert. His $28 million acquisition of the Kirkwood Bank of…

‘All Time Lows’ by Lil Bubble Captures Spirit as Altcoins Fail to Pace Bitcoin

A new anthem for altcoin HODLers dropped harder than that market did in March 2018, potentially signaling cryptos’ return to meme-driven, pop-cultural awareness. Despite bitcoin’s surge in price and attention last week, most altcoins were unaffected by the market drive. Prior to the recent market exuberance directed at the largest cryptocurrency by capitalization, an “Alt-Season” – comprised of 118 cryptos that increased faster year-over-year than bitcoin – was in play. Lil Bubble’s All-Time Lows, a parody of Lil Nas X’s Old Town Road, showcases the mindset and strategy of those…

TD Ameritrade-Backed ErisX Gets Green Light to Settle Futures in Bitcoin

The U.S. Commodity Futures Trading Commission (CFTC) has cleared the way for crypto derivatives provider ErisX to offer futures contracts with a new license approval Monday. ErisX, which is backed by U.S. brokerage TD Ameritrade, announced that the CFTC granted it a derivatives clearing organization (DCO) license, acting as a secondary approval on top of an existing designated contract market (DCM) license that the exchange already held. The approvals mean the company can now launch crypto futures products under the auspices of the U.S. regulator. While no firm timeline was provided,…