latimes

Facebook Seems to Be Pushing Ahead With Blockchain

Facebook executive David Marcus resigned from Coinbase Inc.’s board, a sign the social network giant is pushing ahead with its own blockchain work. Marcus quit Friday, citing a new group he oversees at Facebook that is exploring potential blockchain uses.

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Bitcoin Speculators Dominate Cryptocurrency Use Now, but Criminals Haven’t Backed Away

Infantes findings contradict the popular perception that bitcoin is mostly being used by criminals such as the notorious Dread Pirate Roberts, but also show that the underground market is one of the biggest groups of people using bitcoin for its actual features rather than its price gyrations.

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CFPB Nominee Faces Questions on Her Role in ‘Zero Tolerance’ Immigration Policy

Kathy Kraninger, the nominee to head the Consumer Financial Protection Bureau, likely was deeply involved in President Trump’s “zero-tolerance” immigration policy, according to former officials with the Office of Management and Budget and the Department of Homeland Security.

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Regulators Crack Down on Suspicious Cryptocurrency Investment Schemes

Securities regulators across the United States and Canada announced dozens of investigations Monday into potentially deceitful cryptocurrency investment products, the largest coordinated crackdown to date by state and provincial officials on bitcoin scams.

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CFPB Chief Formally Asks Congress to Slash His Agency’s Power

The head of the Consumer Financial Protection Bureau formally called on Congress to sharply reduce his agency’s authority. Among the suggestions he delivered Monday: Any major new rules the bureau makes should be subject to lawmakers’ approval.

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