19 May 2020

Libra Association appoints former FinCEN director as general counsel

Today the Libra Association announced the appointment of Robert Werner as its General Counsel. Prior to joined the Libra Association Werner was was the founder and CEO of GRH Consulting and held leadership positions at HSBC, Goldman Sachs, and Merrill Lynch. Previously, Werner served as the Director of the Financial Crimes Enforcement Network (FinCEN), Director of the Office of Foreign Assets Control, (OFAC), Senior Counsel to the Under Secretary of the Treasury, Terrorism and Financial Intelligence, and Assistant General Counsel for Enforcement and Intelligence in the Office of the General Counsel.

Why it matters: - Two weeks ago the Libra Association named HSBC Chief Legal Officer Stuart Levey as its CEO. The two first hires indicate a heavy emphasis on regulatory compliance - Libra announcements have picked up in speed significantly this year. The Libra association has announced 5 new members since revealing their revised plan in April

The Kin engineering team has submitted a proposal to migrate Kin from its current Stellar-based chain over to Solana. Kik Iterative Inc., the creators of the Kin cryptoasset, said that Stellar’s five-second block times and limited metadata space within transactions were unsuitable for Kin’s user exp...
Crypto exchanges Bittrex and Binance have (reluctantly) agreed to support Steem hard fork 0.23, which seized the assets from 64 former witnesses (totaling 23.6 million STEEM). These witnesses reportedly led the creation of Steem’s contentious clone, Hive, back in March and blocked current Steem supp...
25 May 2020
3 coins to keep an eye on | Issue #79
Inside last week's 13% range, three bearish daily candles were able to take the price 10% lower to close the week at $8,715. This level is approximately the same as the previous week's close. Will it hold as support? Meanwhile, the altcoin marketcap has been relatively stable, with the week's starting and ending price hove...

3 coins to keep an eye on 👀