2019-9-12 12:15 |
FINMA's director has spoken out about the risks of working with a major project like Facebook's Libra, and said there are also potential benefits.
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Facebook’s ambitious cryptocurrency project, Libra, has been facing a lot of heat in Europe since its announcement in June. Now, according to Reuters, the French finance minister, Bruno Le Maire, doesn’t want it to operate in the EU, as he feels it’s unclear exactly how the digital currency will function.
2019-9-12 13:47 | |
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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 Project Libra has applied for a payment system license from the Swiss Financial Market Supervisory Authority (FINMA). FINMA says Libra’s service offerings will, however, require a broader oversight that would include operational risks, liquidity and more, according to a Reuters report on September 11, 2019.
2019-9-12 09:00 | |
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The Swiss National Bank (SNB) is afraid that digital currencies like Facebook’s Libra might impede the central bank’s capability to initiate and implement monetary policy. This is the conclusion of Thomas Jordan, chairman of SNB’s governing board.
2019-9-6 15:00 | |
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EU regulators are investigating if the Facebook Libra "cryptocurrency" poses a threat to competition by being a potential monopoly. Margrethe Vestager is the outgoing antitrust chief of the European Union.
2019-9-5 14:25 | |
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Facebook’s fears that the bottlenecks tech firms in the free world face in developing cryptocurrencies risks opening the door for more closed societies to take the lead have been confirmed. According to Forbes, China has already developed a state-backed cryptocurrency known as DC/EP (DC- Digital Currency, EP – Electronic Payments) that could be unveiled in […] The post China’s Govt Crypto Readies Huge November Launch to Steal Libra’s Thunder appeared first on CCN Markets
2019-8-30 14:43 | |
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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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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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The US Federal Trade Commission (FTC) has slapped a $5 billion fine on Facebook in wake of the Cambridge Analytica scandal and its other data leaks. In an agreement filed today, the FTC has also ordered the social network to make privacy-related changes to avoid such mishaps in the future.
2019-7-24 17:08 | |
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The Central Bank of Kenya (CBK) has given its take on Facebook’s Libra cryptocurrency project. The apex bank has said that Libra comes with phenomenal risks that need to be properly understood, reports local news source, Telecompaper on July 22, 2019.
2019-7-23 05:00 | |
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Facebook’s Libra continued to grace the headlines, with high-stakes questions regarding its potential risks continuing to dominate the news. Libra’s extensive scrutiny had corrected the crypto-market significantly, with rumors suggesting that the contentious project would lead to tighter regulatory surveillance over Bitcoin and the cryptocurrency industry.
2019-7-21 03:30 | |
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Bank of Thailand (BOT) Governor, Veerathai Santiprabhob, has given his take on Facebook’s Project Libra, making it clear that the merits and risks of the digital asset still need to be studied extensively, reports local news source, Bangkok Post on July 19, 2019.
2019-7-20 11:00 | |
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Ever since Facebook revealed news regarding its involvement in the Libra Association, with a total of 28 founding members working towards the stablecoin, Libra, many leaders have since expressed concern.
2019-7-20 23:18 | |
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Coinspeaker Ripple CEO Explains Why Facebook’s Approach to Libra Is Just “Silicon’s Valley Arrogance”Brad Garlinghouse, Ripple CEO joined Squawk Alley on CNBC to share his opinion on Facebook's coin Libra coin and to explain why it can pose high risks for the world of finance.
2019-7-19 13:55 | |
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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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The chancellor of the United Kingdom, Philip Hammond, has been recently featured on CNBC’s Squawk Box to talk about the upcoming Libra, the crypto created by Facebook. He talked about the dangers and possibilities that surrounded it and whether it would need a banking license or not. According to Hammond, Libra will have an effect […]
2019-7-17 18:30 | |
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Japan's central bank has joined the regulators worldwide expressing concerns over the potential risks posed by Facebook's Libra cryptocurrency.
2019-7-3 12:00 | |
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Facebook's stablecoin Libra, scheduled for launch in 2020, may carry risks for the global financial system, US and world regulators fear.
2019-6-28 01:08 | |
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The Bank for International Settlements (BIS), an institution owned by the world's central banks, has issued a stark warning about the likes of Facebook, Alibaba, and Google disrupting the established financial system.
2019-6-25 16:18 | |
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The Bank for International Settlements (BIS), an institution owned by the world’s central banks, has issued a stark warning about the likes of Facebook, Alibaba, and Google disrupting the established financial system.
2019-6-24 16:18 | |
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The Bank of International Settlements warns that financial services offered by big techs such as Facebook, Google and Amazon could create new risks for the banking sector
2019-6-25 10:05 | |
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The bitcoin price has soared this week on the prospects of Fed rate cut, the Facebook coin, and uncertainty due to the US-China trade war. The world’s leading cryptocurrency rallied on Saturday, with its price flying past the $10,000 level for the first time since March 8 last year.
2019-6-22 14:03 | |
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Jerome Powell, the head of the United States Federal Reserve, has said that he recognizes both potential benefits and risks to Facebook’s recently-unveiled Libra project
2019-6-20 12:14 | |
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Coinspeaker Senate Schedules July Crypto Hearing on Facebook’s Libra CoinThe U. S. Senate Banking Committee will hold a hearing on July 16 about Facebook’s new cryptocurrency, Libra.
2019-6-20 11:56 | |
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American Democratic Representative Maxine Water wants Facebook to temporarily put off all implementation plans for its cryptocurrency until Congress investigates it for potential risks, as reported by The Verge, June 18, 2019.
2019-6-20 06:04 | |
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UpGuard, a platform focused on helping vendor management teams mitigate cyber risks, has released a report on April 3, 2019, revealing how it found millions of Facebook users’ personal information on two insecure third-party servers exposed to the public Internet.
2019-4-5 09:00 | |
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Bitmain, the biggest company in bitcoin mining, has filed for its IPO in Hong Kong. As part of the approval process, the company submitted a prospectus to the Hong Kong stock exchange at the end of August 2018.
2018-9-28 23:08 | |
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Many of us are familiar with the term “DApp,” which stands for “decentralized application. ”Foundationally, a DApp is an application that runs using blockchain technology on a decentralized network of computers instead of on a central database.
2018-9-4 21:43 | |
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David Marcus, head of Facebook Financial (F2) who is in charge of crypto project Diem, formerly Libra, believes that the Chinese government cracking down on bitcoin mining is “a great development” for the cryptocurrency.
Bitcoin (BTC) is starting to look bearish again. The recent flash-crash from the $8,000 level to below $7,500 reintroduced bearish sentiment. Now, there are expectations BTC is in a dire situation, with insufficient enthusiasm to repeat a price peak or break the 2017 price record.
The head of the Facebook-led Libra Association has responded to claims that the cryptocurrency project threatens financial stability.
The French finance minister has said the nation plans to block Facebook's Libra cryptocurrency in the EU over its threat to national currencies.
The French finance minister has said the nation plans to block Facebook's Libra cryptocurrency in the EU over its threat to national currencies.
The company set up to run Facebook's Libra cryptocurrency project is seeking to apply for licensing as a payment system in Switzerland.