“Facebook’s Libra Could Be Banned In India”
Libra, the cryptocurrency to be unveiled by Facebook next year, will not be available in India, according to a person directly in the know, as current regulations do not permit the use of the banking network for blockchain currency transactions. The company on Tuesday announced plans for the launch of the cryptocurrency by wholly-owned eponymous subsidiary Calibra in 2020. The social network has partnered with 28 organisations — including Visa, Mastercard, PayU and Uber — that will accept the virtual currency, which will be available on WhatsApp and Facebook Messenger. It expects to have 100 members when it is launched.
“Roll Raises $1.7 Million in Seed Capital”
Social currency startup Roll has raised a $1.7 million seed round to help content creators monetize relationships with their fans. Roll’s seed round was led by Arthur Hayes, the CEO of BitMEX. Other investors include Gary Vaynerchuk, Techstars Ventures, Hustle Fund and Techstars NYC. Vaynerchuk is a digital media and marketing entrepreneur who has also made a number of early investments in major companies, such as Snap, Twitter and Venmo. In crypto, Vaynerchuk previously invested in Coinbase.
“CME Open Interest For Bitcoin Futures Reach All-time High”
The Chicago Mercantile Exchange (CME) Group has released data showing that open interest in Bitcoin futures is rising. According to CME, bitcoin (BTC) open interest spiked on June 17 with an all-time high of 5,311 contracts totalling 26,555 BTC, or approximately $246 million at press time. Futures are standardized contracts that bind a party to buying or selling some asset at a predetermined date. Notably, the CME group also remarked in the Twitter post that BTC futures appears to be gaining popularity with institutional investors.
“Japanese Messaging App To Launch A Crypto Exchange”
Line Corp., Japan’s largest messaging app, is close to getting a license to launch a cryptocurrency exchange in its home nation, according to people familiar with the matter. Japan’s Financial Services Agency could issue the license as early as this month, with exchange operations starting a few weeks after that, said the people, asking not to be identified discussing private matters. The service, which will be called BitMax, will allow Line’s 80 million users in Japan to buy and sell cryptocurrencies including Bitcoin and Line’s own token Link, one of the people said.