Fed Chair Says Facebook Needs to Satisfy Regulatory Concerns Regarding Libra

Fed Chair Says Facebook Needs to Satisfy Regulatory Concerns Regarding Libra

Federal Reserve chair says time is needed to address concerns about Libra, and that the project cannot move forward until there is broad satisfaction on regulatory policies. Federal Reserve Chair Jerome Powell said there needs to be broad satisfaction with the way Facebook is handling regulatory concerns regarding its forthcoming stablecoin Libra. Powell gave his comments in a hearing before the House Financial Services Committee on July 10.Rep. Steve Stivers asked Powell during the…

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Coinbase CEO: Ex-Hacking Team Neutrino Members Will Transition Out of Company Roles

Coinbase CEO: Ex-Hacking Team Neutrino Members Will Transition Out of Company Roles

Brian Armstrong says that Neutrino staff with prior connections to controversial software firm Hacking Team will transition out of their new roles at Coinbase. Brian Armstrong, co-founder and CEO of major United States crypto exchange and wallet Coinbase, has said that Neutrino staff with prior connections to controversial software firm Hacking Team will transition out of their new roles at Coinbase. Armstrong made his announcement in an official blog post published on March 4.Controversy…

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Coinbase: Former Provider Sold User Data to Third Parties, Prompting Neutrino Acquisition

Coinbase: Former Provider Sold User Data to Third Parties, Prompting Neutrino Acquisition

Christine Sandler, Coinbase’s director of institutional sales, has defended the crypto exchange’s controversial acquisition of Neutrino. Christine Sandler, Coinbase’s director of institutional sales, has defended the crypto exchange’s controversial acquisition of blockchain intelligence firm Neutrino. In an interview with financial news channel Cheddar on March 1, Sandler said that previous client data providers were selling Coinbase user data to outside sources.As reported, major United States crypto exchange and wallet Coinbase first announced the Neutrino…

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