2019-9-26 21:18 |
Libra has been a wake-up call for banks to consider major issues in global payment systems, an ECB board member says
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The government of France, Germany, Spain, and Italy have formed a new coalition to make the scheduled 2020 launch of Facebook’s global cryptocurrency, Libra very difficult or impossible altogether, reports Politico on October 29, 2019.
2019-10-31 20:00 | |
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In a blog post published on Wednesday, Libra cofounder David Marcus tried to justify Facebook's move to, saying that it is going to be an asset to the global population as most of them lack access to modern financial services.
2019-9-26 19:16 | |
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Going against the central bank grain Mark Carney has proposed a cryptocurrency akin to Facebook’s Libra crypto as a hedge against US dollar dominance. A former senior Federal Reserve official thinks he is barking up the wrong tree.
2019-9-26 12:00 | |
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Coinspeaker ECB Exec: Libra Could Address Global Payments System ProblemsECB Board Member Benoit Coeure has warned that private stablecoins like Libra are posing big risk to the monetary sovereignty, however, they can also solve some of the burning issues.
2019-9-26 11:00 | |
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The governor of the Bank of Japan has called for global cooperation in regulating stablecoins like the Facebook-led Libra.
2019-9-24 11:15 | |
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In its letter to German politician Fabio de Masi, Facebook revealed the percentage breakdown of the global currencies that would back its cryptocurrency project Libra, reported German newspaper, Der Spiegel.
2019-9-23 18:46 | |
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Facebook has reportedly revealed the percentage breakdown of the basket of global currencies that will underpin its Libra cryptocurrency.
2019-9-23 07:15 | |
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Facebook executive David Marcus defended the Libra cryptocurrency ahead of his meeting with the representatives of global bankers in Basel on Monday. The co-creator said Libra is not going to challenge or undermine the sovereignty enjoyed by nations, adding that the cryptocurrency merely wants to become a “better payment network” and deliver meaningful financial services.
2019-9-16 18:00 | |
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Calibra CEO dispels notion that Libra is a threat to the global financial system
2019-9-17 16:10 | |
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Global financial regulators and central banks are calling in officials from Facebook’s Libra cryptocurrency to explain the potential financial risks the stablecoin poses in the global fintech industry.
2019-9-16 16:07 | |
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Paypal, an American centralized payments services company has made it clear that it firmly believes in the potential of the social media giant’s global cryptocurrency project despite the intense scrutiny of governments and central banks on Libra, as well as the regulatory bottlenecks surrounding the cryptoasset, according to a Channelnewsasia report on September 14, 2019.
2019-9-16 12:20 | |
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The Libra Association is to be grilled by 26 central banks over the perceived risks to financial stability posed by the crypto project.
2019-9-16 12:10 | |
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Facebook is set to go through another round of extreme questioning as it goes ahead with the plans to launch its controversial cryptocurrency Libra. The tech giant will face representatives of twenty-six central banks, including the Federal Reserve and the European Central Bank (ECB, in Basel, Switzerland, on Monday.
2019-9-17 11:36 | |
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Facebook’s popularity among masses drove it to venture into crypto ecosystem, releasing the whitepaper of Libra. But the project has faced my bumps since its very announcement. Before the project could even take off, it faced backlash from policymakers from across the globe citing privacy concerns looming over Facebook.
2019-9-15 10:31 | |
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The German government will approve its proposed blockchain strategy this September which reportedly blocks projects like Facebook’s Libra cryptocurrency. Germany Readies Anti-Libra Response According to Spiegel, Germany’s federal cabinet will approve its blockchain strategy announced back in June 2019.
2019-9-14 16:12 | |
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The head of Libra Association, the non-profit organization behind Libra stablecoin project, has revealed that the token will be launched by the end of 2020. We believe that the global, open, instant, and low-cost movement of money will create immense economic opportunity and more commerce across the world: https://t.
2019-9-14 22:08 | |
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Coinspeaker China’s Digital Currency and Libra to Bring Significant Benefits for Financial Inclusion and Blockchain TechBoth Facebook and the People’s Bank of China, have announced their digital currencies and are looking to release them to the public as soon possible.
2019-9-12 16:22 | |
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As more and more astronomical objects make their way in the crypto-sphere, Facebook’s Libra is still waiting out to check all the boxes before it hits the market as a ‘global currency’.
2019-9-12 13:00 | |
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Facebook’s cryptocurrency project Libra is now seeking a Swiss payment license, said financial watchdog FINMA on Wednesday. Social media giant Facebook (FB) first announced its plan to launch a cryptocurrency in June, as an attempt to move into global payments that has drawn intense scrutiny from global financial authorities. The stablecoin Libra, which is planned […]
2019-9-11 17:55 | |
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United States Treasury Under Secretary of Terrorism and Financial Intelligence, Sigal Mandelker, has declared that Facebook’s proposed Libra global cryptocurrency project will not be launched unless Libra complies with tough anti-money laundering (AML) and anti-terrorist financing standards, reports Reuters on September 10, 2019.
2019-9-11 16:16 | |
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Despite escalating regulatory concerns from the governments of the world, Facebook appears to be pressing on with its global bank ambitions. This week the social media giant made moves to seek a payments license for Libra from Switzerland while the US Treasury warned that it would face tough standards.
2019-9-11 11:31 | |
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Social media giant, Facebook’s dramatic entry into the crypto-sector diverted the attention of the world towards the ecosystem. Even as Facebook struggled to receive support from lawmakers, several people from the crypto industry expressed their support toward Libra.
2019-9-1 10:03 | |
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Facebook is offering thousands of dollars as a reward for those testers who find bugs in its upcoming Libra cryptocurrency. Libra Invites Your Security and Privacy Review of its Architecture and Design Facebook envisages empowering billions of people all over the world through its single global ‘cryptocurrency’, Libra.
2019-8-29 01:00 | |
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Switzerland National Bank’s (SNB) Vice Chairman, Fritz Zurbruegg has revealed that the apex bank is currently holding serious talks with relevant authorities across the globe concerning Facebook’s global cryptocurrency project, Libra, according to a Reuters report on August 27, 2019.
2019-8-28 19:00 | |
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Facebook is working with a Washington-based lobbying firm to wrestle with the regulatory pushback sparked by its planned in-app global cryptocurrency
2019-8-27 11:08 | |
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Earlier this week, Mark Carney, the governor of the Bank of England, brought up the idea of a central bank operated digital currency akin to Libra to bring an end to the dominance of the U. S. dollar as the global standard for trade and international hedges.
2019-8-27 17:00 | |
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Governor of the Bank of England Mark Carney put forward the idea of replacing the U. S. dollar with a central bank-issued cryptocurrency like Facebook’s Libra. Carney Proposes The Synthetic Hegemonic Currency On August 23, 2019, while addressing the Federal Reserve Symposium in Jackson Hole, Wyoming, Carney described how Brexit uncertainties, persistent world trade tensions, and overall weaker business activity are deteriorating the global economy.
2019-8-25 21:34 | |
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A new report by CipherTrace provides insight into the state of the global crypto asset markets. The ‘Q2 2019 Cryptocurrency Anti-Money Laundering Report’ says a growing global regulatory response and the entry of Facebook’s Libra were significant events last quarter.
2019-8-24 22:00 | |
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Facebook’s bold “new global currency,” Libra, was hit by an antitrust probe from regulators in the European Union because it could unfairly dominate the market, according to a document seen exclusively by Bloomberg.
2019-8-23 08:54 | |
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Facebook the highly controversial social media giant developing the Libra global stablecoin, is in talks with Indonesian digital payment platforms and fintech firms to enable it to launch a WhatsApp-based mobile payments service in the region, reports Reuters on August 20, 2019.
2019-8-21 20:00 | |
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Facebook’s Libra project has been questioned by European Union anti-trust regulators. They are concerned about the project, popularly referred to as a cryptocurrency, restricting competition.
2019-8-21 01:00 | |
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Binance announced that it is planning to launch an open blockchain project focused on developing localized stablecoins around the world, competing with Facebook’s Libra. Reshaping the world’s financial system Over the last few years, Binance has actively communicated the need for a “global, multi-dimensional customer network and compliance system” to different regulatory authorities around the […] The post Binance Venus, a stablecoin that will compete with Facebook’s Libra appeared first on CryptoSlate.
2019-8-20 19:49 | |
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In an interview with Cryptonites, prominent Bitcoin advocate Andreas Antonopoulos spoke about his stance on Bitcoin being a safe haven asset during a financial crisis. With the value of fiat currencies like the British pound and Chinese yuan falling, many speculate that the world is in for yet another financial crunch.
2019-8-13 21:30 | |
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China introduces its own cryptocurrency right after posting positive guidance for Bitcoin, will it be more successful than Facebook Libra? India Bans Bitcoin (again). When can India learn from China’s earlier mistakes? Texas State Security Board issues guidance for bitcoin.
2019-8-12 18:33 | |
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Regulators across the globe and in the United States are taking a tougher stance on Bitcoin and other cryptocurrencies ever since the news broke that Facebook would be launching a crypto asset of their own, sparking widespread outrage and concern.
2019-8-10 04:00 | |
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A conversation with Michelle Bond, Ripple’s Global Head of Government Relations The entrance of Facebook’s Libra whitepaper has caught the world’s attention. While many look to the U.S. to help define a framework for digital assets and blockchain regulation, the question remains: Will policymakers strike the right balance between fostering innovation and protecting consumers? What … Continued The post Digital Currency Regulation Around the World appeared first on Ripple.
2019-8-9 23:00 | |
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Recently, Facebook one of the biggest guns in technology decided to create its cryptocurrency: Libra. The US Government was up in arms about it. Mark Zuckerberg and his team of geniuses at Facebook Headquarters had one simple goal in mind when they dreamt of the Libra project: Global Control.
2019-8-8 19:57 | |
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Libra, the cryptocurrency project headed by Facebook and the Libra Association, is getting heat from several privacy and data protection regulators around the world. According to recent reports made by The Block Crypto, regulators from countries such as the United States, Canada, United Kingdom, Australia and the European Union are all concerned about Libra and […]
2019-8-7 22:35 | |
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Following reports that Walmart may be interested in developing a cryptocurrency, Jaret Seiberg, senior policy analyst at investment banking corporation Cowen, stated that the company's domestic plans for its own crypto might appeal to US lawmakers more than Facebook's global plan for Libra.
2019-8-7 19:32 | |
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Following a couple of weeks of outright lambasting by US lawmakers, Facebook’s Libra crypto project appears to be cracking at the seams before it even gets off the ground. A fresh round of regulatory pressure has piled on this week from concerned countries around the world.
2019-8-6 16:00 | |
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Data protection chiefs from across the globe have united to express concerns over the privacy risks posed by Facebook's cryptocurrency project.
2019-8-6 12:41 | |
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Coinspeaker Facebook’s Libra vs the World’s Governments: Will Mark Stand a Chance?Let’s dig deeper into what Libra is, what it might mean to the global economy, and why it’s currently below the U.
2019-8-3 09:00 | |
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Since Facebook’s announcement of its plan to launch a global currency in the form of a cryptocurrency called Libra, financial regulators across the world have spat fire and brimstone at the social media company.
2019-7-30 16:12 | |
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In a recent interview, IOHK CEO, Charles Hoskinson talked about crypto assets ushering in a new age of financial equality. He referred to Libra as the “Sputnik moment,” that is, the realization, by the US, that the world is changing.
2019-7-27 20:26 | |
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Facebook’s digital currency Libra is looking less and less likely to launch next year as originally planned. Policy expert, Angela Walch from University College London’s Centre for Blockchain Technologies told Quartz: “The odds that Libra receives regulatory approval anytime soon (ie, in the next six-12 months) are quite low.
2019-7-25 15:44 | |
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Cardano has been in the news for quite some time now, in light of its development on the Cardano network and the Shelley network. IOHK’s Charles Hoskinson recently featured in an interview and shared his views on the evolution of global financial systems since the emergence of cryptocurrencies, while also talking about Facebook’s Libra and […] The post Cardano set to begin its transition from a federated to a decentralized system appeared first on AMBCrypto.
2019-7-25 03:30 | |
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Bitcoin’s financial prowess can no longer be ignored and traditional leaders have to choose sides between the disruptor and the status quo. Capital venture investor, Tim Draper leads this drive in making the shift into the unknown, while showing constant support toward crypto’s mass adoption.
2019-7-21 19:00 | |
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Jens Weidmann, the President of Germany’s Central Bank Bundesbank, stated that global regulators should not suppress Facebook’s Libra project in its early stages. The statement appeared in an email newsletter shared by Mati Greenspan, a senior marketing analyst at eToro.
2019-7-20 20:40 | |
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Facebook took a hammering this week, with the proposed Libra currency taking fire from blockchain skeptics and decentralization advocates alike. But there is one silver lining to come from this weeks’ hearings: the prospect of a global, corporate digital cryptocurrency appears to have spurred Congress into action.
2019-7-18 19:31 | |
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Bitget saw a 683% increase in Gen Z users in November, marking a shift in crypto demographics following Donald Trump’s presidential election victory. Gen Z’s share of new users on the crypto exchange jumped from 26.
What are the key trends highlighted by the global crypto adoption index, and how do they reflect crypto’s role in global economic shifts? The global crypto adoption index is an essential tool for understanding how well different countries are adopting…
Chanalysis submitted a Polkadot governance proposal on April 18 that could lead to a $10 million partnership. The services provided by Chainalysis will include monitoring and tracing the DOT token activities on the Relay Chain, ensuring visibility of any potentially risky on-chain actions to regulators and institutional entities.
Banking giant HSBC is set to introduce digital asset custody services for tokenized securities such as bonds on the blockchain. The bank expects to go live with the service in 2024. The service is geared toward institutional investors and will continue expanding the lender’s offerings in the digital asset realm.
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Pudgy Penguins has announced a merchandising deal with retail giant Walmart that will introduce its IP to the megastore’s shelves in over 2,000 stores. The Pudgy Toys—plush collectibles that will now be sold alongside legacy brands in Walmart’s brick-and-mortar stores—will offer access Pudgy World, a digital social experience on zkSync Era.