2020-2-20 23:03 |
The European Union is still trying to figure out what to do about Libra, according to a new memo. origin »
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According to an announcement from an official for the People’s Bank of China (PBOC), the country is nearly ready to unveil its new central bank digital currency (CBDC). Centralized Crypto-Currencies There’s been much talk recently in the Bitcoin space about digital payment technology getting picked up by centralized powers.
2019-8-12 21:42 | |
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The biggest topic of discussion around the crypto space in recent weeks has been the United States and the sudden negative stance it has taken against Bitcoin and cryptocurrency ever since Facebook Libra came into the limelight and shook up the space.
2019-8-7 23:00 | |
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Just when we thought Facebook’s Libra couldn’t be subject to any more scrutiny, it turns out that data protection bosses from all over the world have banded together to share concerns about the ‘cryptocurrency’s’ potential privacy risks.
2019-8-6 14:49 | |
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Facebook’s foray into crypto has made the firm few friends in political circles. The Libra backlash has been so bad that it has painted bitcoin and the rest of the crypto industry in a bad light.
2019-8-3 13:30 | |
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All last month, the positive sentiment surrounding Bitcoin, crypto, and even Facebook Libra turned negative after United States President Donald Trump made some negative tweets about the digital asset class and its illicit use in criminal activities such as money laundering, cybercrime, drug trade, and more.
2019-8-3 23:00 | |
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In the latest quarterly report for Facebook, the Libra Association and the Libra digital asset were described in relatively negative terms, with an uncertain future.
2019-7-30 16:50 | |
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Japan’s established online brokerage, Monex Group Inc. has supposedly applied to onboard the Libra Project’s list of partners, with the anticipation of becoming the next to join the association, reports Coin Desk.
2019-7-26 20:08 | |
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Now that Libra has generated the buzz that we’ve been expecting it to, the scammers have started to come out of the woodworks to do their thing again. Scammers have come out online to create pages, ads and in the most extreme cases videos actually selling Libra.
2019-7-26 23:01 | |
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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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After announcing that the Swiss Federal Data Protection and Information Commissioner (FDPIC) would assist in overseeing the Libra Association, the FDPIC stated Facebook hadn't contacted the agency regarding any details related to the association or the Libra project.
2019-7-24 19:04 | |
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Palestine Looking to Phase Out Use of Israeli Shekel Through Crypto States across the world are turning to crypto as Bitcoin has embarked on a jaw-dropping recovery and Libra has been unveiled to the world.
2019-7-23 19:46 | |
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During the G7 meeting in France last week, Jens Weidmann, president of Bundesbank, Germany's central bank, came out in favor of Facebook's Libra project, noting that regulators should not work to suppress innovation before clarifying details can be provided.
2019-7-23 19:13 | |
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Even though the Libra project is in its development phase, at the same time has gotten a lot of backlash from various people and the government. Nevertheless, it has continued to gain more popularity by the day.
2019-7-22 10:43 | |
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Libra isn't the only payment system that stands to threaten the banks. Popular stock market and crypto trading app Robinhood is going after legacy banks with the relaunch of a cash management feature.
2019-7-22 02:30 | |
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In a tweet made out on Thursday, July 18, 2019, blockchain and crypto attorney, Stephan D Palley shared his viewpoint on Facebook’s Libra. Said activity isn’t the first of its kind, as many world leaders, countries and business tycoons have been assessing Libra’s pros and cons.
2019-7-22 23:13 | |
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In the crypto world, the past week has been dominated by Libra hearings. Libra, Facebook’s cryptocurrency has come under fire for some time now. Soon after its launch a few months ago, regulators raised concerns that the social media giant was out to disrupt the financial system.
2019-7-21 20:31 | |
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Yesterday, the world celebrated the 50th anniversary of the first Moon landing. But did the week’s crypto news give any indication of ‘When Moon?’ for Bitcoin? Bitcoin Price: Another Week Of Consolidation So it’s been another week of consolidation for bitcoin price, which is never a bad thing long term.
2019-7-21 15:00 | |
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The knives are really coming out to kill Facebook's over-hyped Libra crypto project. After being bashed by President Donald Trump and the U. S. Congress, four liberal activist groups penned an open letter urging all 27 Libra partners to dump the Facebook venture.
2019-7-22 20:00 | |
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The knives are really coming out to kill Facebook’s over-hyped Libra crypto project. After being bashed by President Donald Trump and the U. S. Congress, four liberal activist groups penned an open letter urging all 27 Libra partners to dump the Facebook venture.
2019-7-21 20:00 | |
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Facebook’s Libra has been at the center of scrutiny and skepticism among policymakers from around the globe. Many have even gone on to ask for a complete halt of the project, including many lawmakers during the two-day Congressional hearing.
2019-7-20 03:30 | |
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If a cryptocurrency analyst was challenged to list out the reasons for a Bitcoin bull run in the current market, the individual would probably break a sweat. Bitcoin’s market is now consolidating at a lower valuation than the previous week, and the commotion around Facebook’s Libra has not assisted Bitcoin recently.
2019-7-20 01:30 | |
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Facebook’s libra is under the scrutiny since pretty much everyone is freaking out that a company that’s run by a fun-sized Chucky doll is jumping in the cryptocurrency water. Watch the video to see the latest news on Facebook Libra hearings at House Financial Services Committee.
2019-7-20 21:57 | |
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In a new article called “Facebook’s Fake Money,” economist Thorsten Polleit bashes Facebook’s foray into cryptocurrency through its Libra token. Facebook Libra Isn’t Sound Money Far from alone in his criticism of Facebook’s fintech ambitions, Polleit bases his doubts on an entirely different set of metrics than do legislators and regulators.
2019-7-20 20:05 | |
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Ripple CEO Brad Garlinghouse has made his stance on Facebook’s cryptocurrency project Libra very clear, follow the rules. On July 17, Garlinghouse tweeted that the social media giant's “goal to create a new fiat currency” should be held to the same standard as any other regulated financial institutions.
2019-7-19 19:30 | |
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Bitcoin has been alive for more than 10 years now, and it gets stronger with each passing day. On the other hand, Facebook’s Libra, which is yet to be launched, is facing a lot of setbacks from the government.
2019-7-19 22:30 | |
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This week, the crypto market has been turned upside down after United States President Donald Trump tweeted about Facebook Libra, Bitcoin, and crypto. The tweet heard ‘round the world in the crypto space started a domino effect with nearly every US politician and regulatory body making comments about the digital asset class.
2019-7-18 18:37 | |
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The G7 group of nations has warned of the threat posed by stablecoins such as Facebook's Libra and set out draft recommendations for regulation.
2019-7-18 15:00 | |
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In the 220-minute-long Senate hearing where Facebook’s head of Calibra, David Marcus, was grilled on the company’s “cryptocurrency” plans, the word trust was mentioned every two minutes on average, working out to 69 times in total.
2019-7-18 14:28 | |
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House Financial Services Committee Chairwoman Maxine Waters has been on a crusade against Facebook’s entry into cryptocurrency via the Libra project. Her rampage continued on Wednesday during a second day of congressional hearings devoted to Libra.
2019-7-18 20:40 | |
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Facebook‘s digital currency, Libra, has been causing a bit of a ruckus lately. Since its plans became public a few weeks ago, headlines have largely been awash with why it’s probably a bad idea.
2019-7-17 16:16 | |
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Libra’s regulatory mess is only getting started. In the past week, United States’ Federal Reserve Chair, Treasury Secretary and even the President have come out in vocal opposition to Libra.
2019-7-16 16:30 | |
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Steve Mnuchin, the secretary for the United States Treasury, held a press briefing to address the sudden storm of cryptocurrencies led by the announcement of Libra. Mnuchin, along with other bureaucrats, expressed scepticism over the launch of Libra, going as far as drafting a bill to keep tech companies out of finance, as reported byRead MoreRead More.
2019-7-16 13:21 | |
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If the Keep Big Tech out of Finance bill is passed, it may not only sound the death knell for Libra and similar tokens from tech giants as Google. The post Blow For Facebook and Tech Companies Following a New Congress Bill appeared first on Ethereum World News.
2019-7-16 13:00 | |
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Coinspeaker U. S. Treasury Secretary: Bitcoin, Libra Pose National Security ThreatThe Treasury Department has concerns that Libra, as well as Bitcoin, could be misused by terrorist financiers and money launders, to carry out illicit activities ranging from cybercrime to tax evasion, extortion, and ransomware.
2019-7-16 11:36 | |
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Ripple’s CEO Brad Garlinghouse just responded to President Donald Trump’s Tweets on cryptocurrency and Secretary of Treasury Steve Mnuchin’s Libra themed press conference. In a series of tweets, Garlinghouse laid out his thoughts on what the President and his Secretary of Treasury said about the present and future of cryptocurrency.
2019-7-16 10:41 | |
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Libra’s hopes seem to be hanging by a thread. Facebook has add yet another foe to its cryptocurrency project, the United States Treasury Secretary, Steve Mnuchin. Picking up where the President of the United States left off last week, his appointee lashed out at the cryptocurrency market in a recent press briefing.
2019-7-16 10:30 | |
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Libra stirred continuous controversy regarding the mix of technology and finance, potentially hurting already existing digital assets.
2019-7-15 14:36 | |
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Facebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U. S. government seem fearful of a giant tech establishing itself as a financial institution.
2019-7-15 21:45 | |
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Facebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U. S. government seem fearful of a giant tech establishing itself as a financial institution.
2019-7-15 21:45 | |
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Coinspeaker ‘Keep Big Tech Out of Finance’ Says the CongressIt seems that big companies as Facebook, Amazon and Google might be forbidden to launch their digital assets. If the Congress's Bill pass - they could face with paying $1K penalties per day.
2019-7-14 14:20 | |
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Can Libra survive the Tokyo Drift? It has been a little over a month since Libra was unveiled and yet, it seems to have been a lot longer. The litany of reports, concerns, hearings and reactions from lawmakers regarding Libra is certainly entertaining for the cryptocurrency community, but it does pose an interesting question – […] The post Japan rolls out Libra ‘working group’ to assess macro-economic impact; looks to include G7 countries appeared first on AMBCrypto.
2019-7-13 11:00 | |
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No sooner had the market recovered from Jerome Powell’s statements on Libra, as Trump expressed. And the Corp dropped again. Trump, as it turned out, is not a fan of crypto and of any innovations in general: – I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value […]
2019-7-12 07:51 | |
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News of Facebook launching its own cryptocurrency, Libra, caused quite a few ripples across the industry. Reactions were diverse, with some welcoming it, while others trashed it. And, these reactions weren’t limited to analysts alone as several industry bigwigs came out to put forth their views.
2019-7-11 21:30 | |
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David Marcus, the head of Calibra, wrote a letter to the House Financial Services Committee solidifying Facebook’s stance that they will ensure customer privacy and are taking their time to roll out Libra, allowing it to be done correctly, as reported by The Hill.
2019-7-10 13:00 | |
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Facebook's Project Libra has put the world on notice. The cryptocurrency genie is out of the bottle and regulators are nervous. From Japan to the US, authorities around the world are pushing back against the proposed digital currency.
2019-7-10 22:00 | |
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While in the US, the authorities have not yet decided how they relate to the future Facebook cryptocurrency, the two largest economies in Asia have already decided. Libra will not pass. Bengal tiger does not feel comfortable The world recovers after the announcement of Libra. And it turns out, that not everyone is happy about […]
2019-7-10 20:54 | |
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European Central Bank Executive Board member Benoit Coeure has said that financial regulators across the world must move fast in preparation for the planned Libra’s entry into the financial system, Bloomberg reports.
2019-7-8 17:32 | |
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After a review of documentation for the Libra protocol and its planned ecosystem, Steven Sprague believes Facebook left out key security components.
2019-7-7 13:00 | |
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Despite favorable regulation, Bank of Japan Deputy Governor Masayoshi Amamiya stated that digital currencies operators must comply with regulations on money laundering and risk management. The announcement was made in reference to the launch of Libra, the new global cryptocurrency from Facebook.
2019-7-6 19:00 | |
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Animoca Brands and StanChart get HKMA stablecoin license for Anchorpoint, HKD-backed digital currency rollout as advancing Hong Kong’s crypto finance ecosystem.
The latest crypto update from Washington reshaped the CLARITY Act debate on Wednesday when the White House Council of Economic Advisers published a 21-page analysis finding that banning stablecoin yield would increase bank lending by just 0.02 percent, directly undercutting…
The stablecoin news out of Washington this week goes beyond reserves and redemptions — FinCEN, the Treasury’s financial crimes unit, has proposed rules that would fundamentally reform how stablecoin issuers and all US financial institutions handle anti-money laundering compliance, shifting…
The crypto regulation landscape shifted Tuesday as the FDIC voted to release a 191-page proposed rule implementing the GENIUS Act, setting reserve, redemption, capital, and custody standards for stablecoin issuers — but the most consequential detail for everyday holders is…
Ethereum price rose 7% to a three-week high on Wednesday, fueled by a broader market rebound and strengthening stablecoin supply on the network. According to data from crypto.news, Ethereum (ETH) price rose 9% to a multi-week high of $2,257 on Wednesday,…
The crypto market update bitcoin war hedge Strait of Hormuz news today centers on a striking development: Iran’s IRGC has established a formal toll system at the world’s most critical oil chokepoint, demanding payments in stablecoins or Chinese yuan for…
Resolv Labs burns 36.7m hacked USR after a key compromise let an attacker mint 80m unbacked tokens and dump $24.5m in ETH, leaving a $34m hole in the protocol. Resolv Labs has destroyed 36.73 million USR stablecoins previously controlled by…