2019-10-1 16:45 |
Facebook’s Libra will potentially create a “shadow banking” system, according to the banks at the Federal Advisory Council
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Some say that Silicon Valley is the new Wall Street, but could there be deeper reasons why tech companies like Facebook compete with banks like Goldman Sachs for engineers? It used to be banks that attracted the brightest.
2019-9-29 21:16 | |
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ING chief economist Mark Cliffe says central banks could move towards issuing digital currencies within 2-3 years, given Facebook’s Libra project
2019-9-28 15:39 | |
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Dutch bank ING's chief economist has said Facebook's Libra is pressuring central banks to launch their own digital currencies, and soon.
2019-9-27 15:09 | |
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The world’s largest social media company has faced nothing but criticism since it announced grand plans to dominate global finance markets with its own crypto coin. Red flags were raised by governments and central banks across the planet over the threat that Libra proposes to their own sovereignty.
2019-9-27 11:30 | |
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The conspicuous absence of even a single bank as a founding member of Facebook’s cryptocurrency project was never “intentional," according to the co-creator of Libra, David Marcus. Facebook, he said, would love to have banks involved.
2019-9-22 23:37 | |
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Let’s be honest. For central banks that relish their power to unleash quantitative easing and print money at will, Facebook’s Libra is a wolf in sheep’s clothing. Facebook Does Not Threaten Central Banks Libra does not threaten central banks’ control over currency creation.
2019-9-17 14:30 | |
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An attempt by the co-creator of Facebook’s cryptocurrency to “debunk” the notion that Libra will not threaten the sovereignty of nations has been greeted with skepticism on Twitter. While defending Libra from recent accusations that it would take away the monetary sovereignty enjoyed by central banks, David Marcus doubled down to insist Facebook crypto will […] The post Twitter Rubbishes Libra Co-Creator’s Crypto-Fiat Pledge appeared first on CCN.com
2019-9-17 22:22 | |
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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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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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Coinspeaker Over Twenty Central Banks to Discuss Facebook’s Libra With the Libra AssociationIn some relief to the Libra Association, officials from 26 central banks will be quizzing Facebook on the scope, scale, and implementation of the Libra project.
2019-9-16 14:14 | |
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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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Not a week has gone by since Facebook announced its lofty crypto ambitions that it hasn’t been torn apart for one reason or other. Now it is the chance for the central banks of the world to grill the social media giant on its plans to compete with them all.
2019-9-16 09:30 | |
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The steady growth of the cryptocurrency market has caught the attention of a lot of major tech giants, including the likes of Facebook, JP Morgan and now, Telegram. Out of these, Facebook’s Libra remains the most talked-about project, not only owing to its huge user base, but also due to the several hearings which have […] The post Libra’s dependence on governments, central banks is its biggest weakness, claims eToro CEO appeared first on AMBCrypto.
2019-9-4 17:30 | |
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A representative of the European Central Bank (ECB) has slammed Facebook‘s quasi-cryptocurrency Libra, referring to its proposed ecosystem as a “siren call. ” Yves Mersch, Luxemborgian lawyer and ECB executive board member, even told attendees of the European System of Central Banks’ legal conference the Libra ecosystem will be “cartel-like.
2019-9-2 15:36 | |
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A recent run-up in the bitcoin price has been credited to a string of events: the US-China trade war, determined monetary easing by central banks, price manipulation via Tether’s stablecoin USDT, Facebook’s plans to launch its cryptocurrency, as well as a weakening Renminbi.
2019-8-20 17:00 | |
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This year’s run-up in the bitcoin price has been attributed to numerous factors: the US-China trade war, bold monetary easing by central banks, a weakening Chinese Renminbi, Facebook’s plans to launch its cryptocurrency, as well as market manipulation via Tether’s USDT stablecoins.
2019-8-16 17:00 | |
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60 percent of the world’s population could shift to Facebook’s Libra. The world is at a turning point. Financial crisis seems to be rearing its ugly head, trade wars are heating up, and currency crashes are a regular occurrence.
2019-8-15 18:00 | |
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The intense scrutiny from regulatory agencies, governments, and central banks globally regarding Facebook’s Libra, could just be the end of the company’s stablecoin project. According to a report by CNBC, Facebook revealed in a recent filing with the U.
2019-7-31 13:29 | |
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Brad Garlinghouse, CEO of Ripple, has been very vocal about his views on the Libra’s Senate hearing where David Marcus was grilled by lawmakers from all across the U. S. He has also expressed his views on David Marcus’s comments on Western Union and how it was a call-to-action for banks.
2019-7-23 18:30 | |
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In a recent crypto content covered by the ‘Cryptocurrency’ channel, Tim Draper shared his viewpoints on Bitcoin [BTC] from all aspects, including price predictions, banks and others’ negative standpoints as well as a comparison between Facebook’s Libra and BTC.
2019-7-22 23:45 | |
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Crypto News – 18 July – SEC’s Hester Peirce on Facebook’s Libra, Bitcoin hits new highs and more Don’t forget to follow us for our daily videos#bitcoin #facebooklibra #CryptoNews #CryptocurrencyNews #japan #bitcoinnews #btc #facebook #cryptocurrencies pic.
2019-7-19 19:00 | |
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Coinspeaker JP Morgan’s Jamie Dimon Believes Libra Is Not a Short-Term ConcernIn recent news, Jamie Dimon from JP Morgan has said that he believes Facebook's Libra isn't a short-term concern of an impact on the traditional banks.
2019-7-18 13:02 | |
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By the look of things, Libra will be attracting more regulators than customers. Facebook’s foray into the cryptocurrency world began last month when Libra was unveiled and lawmakers across the world lost it.
2019-7-13 10:00 | |
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Reactions have continued to trail Facebook’s official announcement of its own digital asset called the Libra and its governing body, The Libra Association. Since the announcement was made and its whitepaper released, reactions have been mostly mixed with some applauding the move as a huge win for the cryptocurrency sector because a giant player like […]
2019-7-11 17:24 | |
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Facebook’s ‘consortium’ may lose its banking virginity. The cryptocurrency project launched last month by the social media giant has been seen as the death knell for big banks. However, some have diverged, veering closer to Facebook rather than chiding away.
2019-7-10 09:30 | |
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The aim of Facebook to build an international payment system has not appealed to commercial banks, which seek their own fintech solutions.
2019-7-9 14:44 | |
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The Bitcoin resurgence, Facebook's Project Libra, and growing global economic uncertainty have put pressure on the banks. Banks must remain innovative or risk being disrupted. Can blockchain help?
2019-7-9 22:00 | |
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Ever since the announcement of Libra, it has been the hottest topic of discussion amongst cryptocurrency enthusiasts, banks, tech companies, and regulators. As Europe and the USA struggle to come to terms with Libra, Russia is surprisingly calm on the issue, even confirming that the country doesn’t plan to ban Libra, as reported by Quartz,Read MoreRead More.
2019-7-6 13:00 | |
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Libra, at the moment, is the “hot potato” of the cryptocurrency world. Anyone and everyone is leaping onto the Facebook cryptocurrency bandwagon and voicing their ‘expert’ opinion, with views ranging from “it’s going to destroy commercial and central banks,” to “regulators will ensure it crash-lands before it takes off.
2019-7-5 12:30 | |
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Nobel-prize winner Joseph Stiglitz, who has previously advocated for a full ban on cryptocurrency, doesn’t like Facebook’s Libra plans either. Stablecoins might be a friendlier option to someone like Stiglitz, who believes crypto lacks all the properties of sound money.
2019-7-3 18:28 | |
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The Hayes-Roubini debate cannot get here soon enough. From Libra to the Bitcoin institutional-versus-retail rise, and to the future of the cryptocurrency market, several topics are presently at the fore, topics which would see the two starkly contrasting personalities pick opposite ends of the stick.
2019-7-2 17:00 | |
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Coinspeaker Facebook’s Libra Shook the Financial World, Banks Rush to Issue CryptocurrenciesExperts say that Facebook's Libra will probably not reach the billions they claim, and it won't affect the financial world and stability in general.
2019-7-2 17:15 | |
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Finance industry officials have hinted toward the development of a real-time payments system with instant settlement to be used by banks across the Eurozone. Traditional financial systems have come under pressure from cryptocurrencies and, more recently, Facebook’s new digital currency, as reported by Reuters, June 26, 2019.
2019-6-29 21:00 | |
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Central bankers and other makers of monetary policy have every reason to fear Facebook’s cryptocurrency Libra, according to a former chief economist of the World Bank. Libra will make it impossible for central banks to control inflation Per Kaushik Basu, who was the World Bank’s chief economist from 2012 to 2016, Libra will render the […] The post Facebook’s Libra Could Castrate Central Banks, Says Ex-World Bank Chief Economist appeared first on CCN Markets
2019-6-29 18:21 | |
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Countries within the eurozone could have an instant payments system implemented across all banks by 2020 as finance industry officials fear competition with Facebook's Libra cryptocurrency.
2019-6-28 19:20 | |
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Just when it seems the entire world is against Facebook’s Project Libra, Mark Zuckerberg and his team have gotten a new friend in Stephen Moore, an American writer, television commentator, and confidant of U.
2019-6-25 13:00 | |
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In a report published by the Bank for International Settlements, the "bank for central banks" asked that regulators keep banks in mind when they update and create new financial rules as Facebook and other tech companies enter the payments and custody business.
2019-6-24 19:01 | |
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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 for International Settlements has expressed concerns over the expected disruption as big tech firms like Facebook enter the financial space.
2019-6-25 12:40 | |
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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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It’s been a week since Facebook’s entry into the cryptocurrency and payments world was announced. Since then, a lot has happened. From the Libra lead, David Marcus, talking about shared internal governance control over the cryptocurrency, to the regulatory uncertainty the crypto may face with politicians around the world taking a shot at the it, […] The post Facebook’s Libra finds itself in the crosshairs of the Central Bank of Central Banks appeared first on AMBCrypto.
2019-6-24 09:55 | |
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Facebook’s announcement of Libra has allowed cryptocurrencies to gain mainstream attention, inadvertently helping Ripple, suggested Brad Garlinghouse during the recent Brainstorm Finance 2019 event.
2019-6-22 19:30 | |
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Facebook’s cryptocurrency initiative being subjected to criticism from lawmakers, despite being backed by industry giants, depicts the prevailing lack of trust between the social media giant and the government, owing to its “disregard for user privacy” as US Senator Maxine Waters put it.
2019-6-22 17:30 | |
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Facebook and Libra has their plans but Ripple and XRP will be a vantage position as banks scramble for efficiency.It seems, xRapid is a fitting option. The post With Libra, Banks Now Need Ripple’s xRapid To Compete appeared first on Ethereum World News.
2019-6-22 15:41 | |
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According to a report published by Reuters on June 21, 2019, France is set to form a G7 cryptocurrency task force to explore how global central banks can regulate cryptocurrencies like Facebook’s Libra without the risk of it being used for money laundering and other illicit activities.
2019-6-22 23:00 | |
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Ripple (XRP) adds 10. 3 percent Brad Garlinghouse bullish on Bitcoin At the backdrop of Facebook and its coin Libra, XRP is steady. While volatility is low and volume shrinking, a break above 50 cents is likely.
2019-6-21 20:00 | |
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France’s central bank governor Francois Villeroy de Galhau has announced the creation of a Group of Seven central bank governors task force, which will work to produce a study outlining how central banks can regulate Facebook's Libra cryptocurrency to keep it in line with anti-money-laundering regulations and consumer protection rules.
2019-6-21 19:12 | |
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France is putting together a Group of Seven Nations (G7) task force to explore how central banks can make sure cryptocurrencies adhere to money-laundering and consumer protection rules. That’s according to the country’s central bank governor who announced the news today.
2019-6-21 18:28 | |
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Chainlink price has formed a rare bullish pattern, pointing to more gains in the coming weeks. LINK token jumped to $17 on Saturday, its third consecutive day of gains as the crypto fear and greed index remained in the extreme greed zone.
Famed investor Jim Cramer continues to see upside in Bitcoin despite its massive year-to-date rally. Post-election optimism has sent Bitcoin price soaring to new highs of around $99,000 – and crypto-related stocks have rallied with it as well.
Axie Infinity (AXS) and Smooth Love Potion (SLP) tokens have crawled back in the past few days as the ecosystem started to bounce back. The SLP coin was trading at $0. 0035 on Friday, up by 65% from its lowest point this year.
Wall Street is gearing up for a potential resurgence of inflation as President Donald Trump prepares for his second term, backed by Republican control of Congress. Investors face a complex landscape of rising inflation expectations, soaring stocks, and uncertainties tied to Trump’s policy agenda, including taxes, tariffs, and immigration.
Trump’s team is considering creating a White House role dedicated to crypto policy. The proposed “crypto czar” would provide direct access to the President for the industry. Donald Trump’s past promises include ending the SEC crypto crackdown and a Bitcoin reserve.
Arkham Intel, a prominent blockchain analytics and crypto data tracking firm, has announced plans to launch a spot trading platform in the United States. This marks the firm’s latest venture into the crypto exchange market, following its recent release of the Arkham Exchange.
Gary Wang, the co-founder and former chief technology officer of FTX, has been spared prison time for his involvement in the crypto exchange’s collapse. On Wednesday, he was sentenced to time served and three years of supervised release for each of the four criminal charges he pleaded guilty to. Wang was also ordered to forfeit […]