In the October 12, 2019 edition of CryptoNewsZ, host Arveen delivers key updates from the blockchain and cryptocurrency landscape. The segment begins with the significant challenges facing Facebook’s proposed cryptocurrency, Libra, following the exit of major partners like PayPal, Visa, and Mastercard. This departure raises doubts about the project’s viability, leaving only nonprofit organizations and venture capital firms as remaining members, with U.S. regulatory decisions poised to influence its future.
The second headline highlights a legal victory for the U.S. Securities and Exchange Commission (SEC), which secured a court order against the Telegram Group for allegedly raising $2.9 billion from unregistered token sales, infringing securities regulations.
Next, Alibaba’s digital payment platform Alipay announces a ban on transactions involving Bitcoin and other cryptocurrencies, citing compliance with Chinese regulations and vowing to monitor over-the-counter trades.
Lastly, Coinbase distinguishes itself by obtaining an e-money license in Ireland, earning the title of one of the cleanest crypto exchanges globally. The episode wraps up with the promise of more updates from CryptoNewsZ in the near future.
