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Libra Association Forms Steering Committee to Guide Technical Development

News The Libra Association — the government body of the eponymous stablecoin introduced by Facebook in late 2019 — has formed a new committee to guide the network’s technical development. According to an announcement on Jan. 16, the Libra Association has voted to establish the five-member Technic..

Ex-CFTC Chairman to Promote Blockchain-Based USD in New Think Tank

News J. Christopher Giancarlo, former chairman of the Commodity Futures Trading Commission (CFTC), plans to promote the blockchain-based United States dollar with a new think tank. Giancarlo, who earned the “Crypto Dad” moniker for advocating a “do no harm” approach to blockchain regulation, is no..

Payments Giant Visa Acquires Fintech Firm Plaid for $5.3 Billion

News Payments behemoth Visa acquired financial technology firm Plaid for $5.3 billion, according to a press release published on Jan. 13. Per the release, Plaid has developed a network that allows users to easily connect their financial accounts to the apps they use to manage their financial lives..

Blockchain Developer Ant Financial Ranks Fifth Largest Private Firm in China

News Fintech and blockchain developer Ant Financial, an affiliate of e-commerce giant Alibaba, has been ranked the fifth most valuable private firm in China. In an inaugural rankings report by Hurun, which is best known for compiling a rich list for China, Ant Financial is the top firm in its fiel..

Hong Kong Institute of Bankers Onboards Six Virtual Banks as Members

News The Hong Kong Institute of Bankers (HKIB) has onboarded six virtual banks as corporate members, according to a Jan. 2 press release. The HKIB is a non-profit institution that provides training and certification to the banking organizations in Hong Kong. The last banks joining the HKIB are Air..

Controversial Australian Ex-Minister Enters Blockchain Insurance Space

News Australia’s former Minister for Broadband, Communications and the Digital Economy has become chairman of the advisory board for an insurance-focused blockchain firm. Stephen Conroy — an Australian Labor Party Senate member from 1996–2016 — has joined the Melbourne-based blockchain firm Day By..

Reuters: Dutch Bank ING Working on Digital Asset Custody Technology

News Amsterdam-based bank ING is reportedly developing cryptocurrency custody technology, Reuters reported on Dec. 12. The digital assets custody service being developed by ING is purportedly part of one of the bank’s several blockchain-related initiatives and is still at an early stage of develop..

China: Former Central Bank Exec to Reportedly Head New Tech Regulation Division

News China’s securities regulator is reportedly setting up a tech division that will be headed by the former chief of the central bank’s digital currency initiative. Yao Qian, a former director of the Digital Currency Research Institute at the People’s Bank of China (PBoC), will serve as director ..

Cointelegraph Announces Chinese HQ, Bolstering Its International Expansion

News To support our international expansion and global reach, Cointelegraph is delighted to announce the launch of the Chinese-language version of the publication. Today, Dec. 4, we celebrated the opening of the office of Cointelegraph China (Cointelegraph 中文). The news — which marks another miles..

Canadian Venture Capital Firm Secured $320 Million to Invest in Fintech Startups

News Portag3 Ventures, a Canadian venture capital (VC) firm, has closed a second fund with around $320 million to invest in fintech startup companies globally. On Dec. 3, TechCrunch reported that the VC company received final commitments from institutional and strategic investors totaling $320 mil..

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