2019-9-25 10:43 |
The basket of currencies that will support the Libra stablecoin will comprise five national currencies. Chinese yuan is not in the list.
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EU politicians eye up “Eurocoin” to battle Libra in Europe as the lawmakers and central bankers fear that private currencies can disrupt economies and sovereignty
2019-9-25 19:52 | |
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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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Coinspeaker Facebook Releases Full Details of Libra’s Basket of CurrenciesFacebook has finally released the full list of the fiat currencies which will back Libra. While it may not come as much of a surprise, what remains yet to be seen is how France and Germany will be encouraged to accept Libra.
2019-9-23 11:43 | |
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Facebook is heeding the demands of US regulators, while carefully selecting the basket of currencies to be used for backing the Libra asset.
2019-9-23 11:02 | |
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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’s Libra, which is gunning to launch in 2020 despite major pressure from regulators world over, has lifted the lid on its crypto-project and revealed the fiat currencies that would constitute Libra’s ‘basket of reserves.
2019-9-21 12:00 | |
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Coinspeaker China’s Digital Currency Research Institute Exec Says Facebook’s Libra Can’t Be StoppedRecently China's Research Institute on Digital Currencies changed its director to Changchuan Mu, who elaborates on the idea of the upcoming PBoC's digital currency and regulation of Facebook's Libra.
2019-9-20 13:28 | |
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Germany adopted the national blockchain strategy and made clear that Facebook's Libra is not welcome in the national market.
2019-9-22 17:34 | |
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The results of a cryptocurrency survey conducted by the Dutch banking group, ING, revealed a significant lack of appetite for Facebook's Libra, and its designated use case: Sending payments across social media.
2019-9-18 18:00 | |
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David Marcus, known as the head of Calibra, the company in charge of Facebook’s Libra stablecoin, has recently decided to respond to the prominent concerns that Libra could affect the sovereignty of national fiat currencies.
2019-9-16 20:44 | |
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Facebook executive David Marcus, has come out to debunk reports about the Libra cryptocurrency being a threat to sovereign currencies, in a thread on September 16, 2019. Working With, Not Against There have been reports that Facebook’s cryptocurrency, libra, was created to threaten sovereign currencies of nations.
2019-9-17 20:32 | |
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The French Finance Minister has vehemently stated that Facebook’s cryptocurrency, Libra, would not be given a chance to develop on European soil. According to a report by RT on September 12, 2019, Facebook’s cryptocurrency is risky for the European market.
2019-9-13 03:31 | |
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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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The French finance minister has said the nation plans to block Facebook's Libra cryptocurrency in the EU over its threat to national currencies.
2019-9-13 12:35 | |
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The French finance minister has said the nation plans to block Facebook's Libra cryptocurrency in the EU over its threat to national currencies.
2019-9-12 12:35 | |
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Coinspeaker Facebook’s Libra to Be Tied to Major Fiat Currencies, Except Chinese YuanAmong the list of fiat currencies released by Facebook, the company has so far exempted the Chinese Yuan as a fiat backing its Libra token.
2019-9-11 16:25 | |
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The basket of fiat currencies in the line up to back Facebook's Libra "cryptocurrency" may not include the Chinese Yuan. According to Bloomberg, the likely backers include the US Dollar, the Euro, the British pound, The Japanese Yen, and the Singapore dollar.
2019-9-10 14:02 | |
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Facebook reportedly included the Singapore dollar but not the Chinese yuan in an updated list of currencies meant to back the Libra stablecoin.
2019-9-11 12:00 | |
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The Libra asset will be backed by a basket of relatively stable fiat currencies, but Facebook is wary of including the Chinese yuan.
2019-9-10 11:04 | |
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Facebook has reportedly provided the U.S. Senate with details regarding the backing reserves for its Libra stablecoin
2019-9-11 01:50 | |
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Considering the ongoing participation of government organizations in building private crypto assets, a recently published research paper details on the use of “private digital currencies” and its implications on the current society.
2019-9-8 15:37 | |
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Jennifer Bailey, the vice president of Apple Pay, said that Apple was keeping an eye on digital currencies. In an interview with CNN, Bailey said that the company thought cryptocurrencies “were interesting” and that they had “long-term potential.
2019-9-7 18:00 | |
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2019 has been an incredibly important year for digital currencies. The collective cryptocurrency market broke away from the bearish winter and digital assets have again started to gain attention from various financial institutions and personalities.
2019-9-7 16:00 | |
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Switzerland’s central bank is fretting over the possibility of stablecoins pegged to foreign currencies eroding its ability to use its monetary policy tools effectively, further complicating the path for cryptocurrency projects such as Libra.
2019-9-7 20:17 | |
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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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Since Facebook announced the Libra cryptocurrency, a couple of other similar projects have been unveiled with all of them being dubbed potential ‘Libra-killers’. They include Venus, an initiative by Binance to 'develop localized stablecoins and digital assets pegged to fiat currencies across the globe', and Metal Pay.
2019-9-3 13:48 | |
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Facebook‘s “cryptocurrency” Libra is facing an ever growing mountain of regulatory challenges. It seems it needs a helping hand, as it’s hired a specialist firm to lobby Washington directly. According to registration documents filed earlier this week, Facebook will be represented by Washington, DC-based FS Vector LLC, a firm that specializes in regulatory compliance and public policy.
2019-8-27 14:31 | |
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Coinspeaker Binance Launching ‘Venus’ as a Direct Competitor to Facebook’s LibraThe Venus project announced by Binance earlier on Monday plans to create stablecoins and other virtual assets backed by fiat currencies around the world.
2019-8-19 15:55 | |
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Binance will create an open blockchain to run tokens pegged to local currencies.
2019-8-20 15:25 | |
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Cryptocurrency exchange Binance has been announced launch of a new blockchain and it’s called project “Venus. ” I’m not sure why it chose that name because Venus has no moons. Sad. In an announcement published this morning, Binance described Venus as an “initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe.
2019-8-19 15:16 | |
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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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A former employee of the Bank of Japan (BoJ) believes that Facebook’s Libra may threaten the impact of local monetary policies. Libra may reduce the overall effectiveness of monetary policies as well as weaken emerging markets currencies.
2019-8-4 23:00 | |
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Yesterday saw yet another U. S. Senate Banking Committee hearing on regulatory frameworks for digital currencies and blockchain. Libra got another bashing, and Chairman, Mike Crapo, surmised the U.
2019-7-31 15:00 | |
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Crypto was designed to eventually serve as a complete replacement for fiat currencies like the US dollar as the entire world moves into a fully digital age, so money itself can more easily and quickly be managed without the requirement of a third-party intermediary.
2019-7-31 04:00 | |
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Following the announcement of Facebook Libra – a crypto project aimed to replace the US dollar and other fiat currencies, the United States has been up in arms regarding Libra, Bitcoin, and the rest of the cryptocurrency landscape.
2019-7-31 23:00 | |
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Jeremy Allaire’s Circle issued a U. S. dollar-backed stablecoin before stablecoins were cool. Now that Facebook has joined the fray with its Libra coin, which is designed to be backed by a basket of fiat currencies (and maybe other financial instruments), the spotlight on stablecoins has grown brighter.
2019-7-30 03:15 | |
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With the onset of the digital era, a new generation of internet-based currencies have continued to gain traction over the past few years. And while Bitcoin was positioned as a ‘bank killer’ which would eventually replace legacy financial establishments, Ripple has sought to accelerate the functions of existing financial institutions.
2019-7-29 17:45 | |
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Huawei's CEO said: "Even China is able to issue such currencies, why wait for Libra?"
2019-7-27 21:00 | |
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The latest survey by CivicScience revealed that people have more trust in Bitcoin and digital currencies than in Facebook’s new cryptocurrency project dubbed Libra. In a survey of 1,799 US adults, only 5% expressed any level of interest in the Facebook’s proposed cryptocurrency Libra.
2019-7-25 16:00 | |
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Circle Chief Executive Officer Jeremy Allaire will be the sole crypto-industry representative to testify next week before the Senate about the need for clear regulation for digital assets. The hearing—titled “Examining Regulatory Frameworks for Digital Currencies and Blockchain”—follows extensive Senate hearings on Facebook’s Libra; it also comes
2019-7-27 19:49 | |
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BlackRock is the largest money-management firm in the world with more than $6.5 trillion in assets under management and Larry Fink is their CEO with over a billion dollars of net worth. He appeared on CNBC recently: Fink said many of his clients and hedge funds are taking risk off the table. However, he believes […]
2019-7-20 20:53 | |
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The company’s decision to leave the US and set up its crypto division in Switzerland won’t bode well with the US lawmakers
2019-7-16 23:09 | |
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Facebook is on the wrong end of a political cycle which could weaken the standing of its cryptocurrency project Libra, believes Ryan Selkis of Messari. The CEO said Libra is a “bonafide threat” to the US dollar because Facebook wonders about structuring the greenback with a basket of international currencies.
2019-7-14 16:00 | |
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Billionaire tech entrepreneur Mark Cuban is not a big fan of Facebook’s recently-detailed cryptocurrency-of-sorts. He says there may be repercussions from despotic leaders around the world if citizens start to use alternatives to national currencies.
2019-7-13 02:00 | |
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The Winklevoss brothers, co-founders of cryptocurrency exchange Gemini and renown for their well-documented legal battle with Facebook, are seemingly willing to ‘get into bed’ with the tech giant in an attempt to spread the adoption of digital currencies.
2019-7-11 19:28 | |
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With Bitcoin getting mainstream recognition, there has been a lot of institutional onboarding into digital assets. Giants like Facebook, J. P. Morgan, Amazon, Alibaba, Microsoft, and others from all industrial sectors have started to look towards these assets as something that could potentially help solve problems in existing systems, ranging from payments, transfer of value etc.
2019-7-10 17:30 | |
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China and India combined comprise nearly 35 percent of the world population. Bloomberg reported that the People’s Bank of China (PBOC) wants Facebook to reveal more information about Libra while Economic Times noted that the Indian Secretary of Economic Affairs believes the country is not comfortable with private currencies, July 9, 2019.
2019-7-10 11:00 | |
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Facebook is launching fiat currencies and cash equivalents-backed cryptocurrency dubbed Libra. But ever since the giant social media website's founder made the grand announcement, the crypto community seemingly can't keep calm.
2019-7-5 19:56 | |
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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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