Analysis

On June 12, as dawn broke in Bangkok, PROPAK ASIA 2019 was commenced. “We highly recognize the potential of LINA NETWORK’s solution for Supply Chain in the supervision and tracing of agricultural products,” commented the Chairman of AIM Thai Intertrade. PROPAK ASIA 2019 in Thailand is one of Asia’s largest technology exhibitions, attracting 50,000 visitors
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Germany joined the chorus of countries offering stiff resistance to Libra, Facebook’s new digital coin. German Finance Minister, Olaf Scholz, expressed concerns about the coin’s consumer privacy issues and potential for disruption. Reuter’s released a report which quoted him saying,  “The issuance of a currency does not belong in the hands of a private company
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German finance minister Olaf Scholz has officially joined the media fracas surrounding Facebook’s cryptocurrency efforts, according to a Reuters report. Echoing other public officials who have struck critical tones in recent days, Scholz called upon regulators to examine the social media company’s Libra project. Scholz reportedly raised concerns about consumer protection and the potential disruption
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An experimental version of blockchain interoperability protocol Polkadot will go live later this summer. Led by Swiss nonprofit Web3 Foundation, the Polkadot team says the “early, unaudited and unrefined release of Polkadot” will be called Kusama. “Kusama will serve as a proving ground, allowing teams and developers to build and deploy a parachain or try out
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The Senate Committee hearing on Facebook’s Libra is happening now and CoinDesk LIVE is here to keep you up to date on the the current state of Facebook’s foray into cryptocurrency. Please join us live at CoinDesk’s studios as we talk to six experts on crypto, government, and Facebook’s efforts. We’ll be streaming these discussions right here.
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Facebook has gotten a beating of late, not least of all from the U.S. government. Today the social media giant faces off with the Senate Banking Committee in a hearing that should define cryptocurrency and the legality of corporate exploration into this odd – and politically frightening – future. You can watch the hearingslive here
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Stablecoin issuer Tether accidentally created $5 billion-worth of its USDT stablecoin at the weekend, before promptly destroying them again. The mess-up occurred when the company was helping cryptocurrency exchange Poloniex conduct a chain swap, moving tethers from the Omni to the Tron blockchains, according to Tether CTO Paolo Ardoino. Ardoino explained in a tweet on Saturday:
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Libra is a security, says a former Commodity Futures Trading Commission (CFTC) chairman in prepared remarks to the U.S. House of Representatives. Gary Gensler, who chaired the CFTC from 2009 to 2014 and previously held leadership roles at the U.S. Treasury Department, says in written testimony that Facebook’s new cryptocurrency project looks like an investment
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With regulators not “nimble” enough to adapt to the fast changing world of technology, those concerned about maintaining their online privacy should consider turning to decentralized technology, according to a leading Republican politician. In an op-ed in the New York Times on Sunday, U.S. House of Representatives minority leader Kevin McCarthy argued that it’s clear
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Billionaire tech entrepreneur and outspoken Trump supporter Peter Thiel has called on the FBI and CIA to investigate Google for a “seemingly treasonous” decision related to its work in China. Speaking at the National Conservatism Conference in Washington, D.C., the Silicon Valley renegade’s speech focused on burning questions which Google must answer, according to a
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