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Facebook Warns of “No Assurance” Libra will be made Available on Time, if “At all”
In the risk factors section of the Q2 report, the social media said that it recognizes the significance of the pushback from regulators and lawmakers since the project was announced in June. “Libra has drawn significant scrutiny from governments and regulators in multiple jurisdictions and we expect that scrutiny to continue,” Facebook said in its […] äàëüøå »
2019-7-30 17:06 | |
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Bitcoin Price Will Reach $20,000 Before the Year Ends, Believes Mike Novogratz
Coinspeaker Bitcoin Price Will Reach $20,000 Before the Year Ends, Believes Mike NovogratzBillionaire Bitcoin bull, Mike Novogratz, has predicted that Bitcoin price will hit $20,00 before the year ends. äàëüøå »
2019-7-26 16:00 | |
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‘However Long It Takes’: Zuckerberg Vows to Win Over Libra Regulators
Facebook's CEO said it will spend "however long it takes" to get regulators on board before launching Libra. äàëüøå »
2019-7-25 17:25 | |
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Swiss Data Protection Watchdog Awaits Official Details On Facebook’s Libra Project
The Swiss Federal Data Protection and Information Commissioner (FDPIC) said it is still waiting to hear from Facebook regarding its supposed oversight of Libra, the social media giant's proposed cryptocurrency. äàëüøå »
2019-7-25 23:09 | |
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Survey finds adults couldn’t care less about Facebook’s Libra ‘cryptocurrency’
Facebook Libra’s potential to help cryptocurrency go mainstream has been touted in recent weeks, but recent survey results indicate otherwise. According to a poll conducted by CivicScience, which looked into general interest and public concerns surrounding Libra following the announcement of its launch, only five percent of 1,799 US adults surveyed expressed any level of interest in the proposed digital currency. äàëüøå »
2019-7-24 19:09 | |
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Facebook gets away with $5B FTC fine for leaking your data
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. äàëüøå »
2019-7-24 17:08 | |
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Binance CEO: A US Crypto Ban Would Not Shatter The Industry
There has been a lot of speculation recently as to whether US president Donald Trump’s recent tweets on bitcoin and crypto were good or bad for the industry. The doom merchants will cheers his dollar pumping comments but industry leaders see it as a boost for crypto in general. äàëüøå »
2019-7-24 21:00 | |
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Kenyan Central Bank Governor Believes Facebook’s Libra is too Risky
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. äàëüøå »
2019-7-23 05:00 | |
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Will Regulators Apply Stricter Rules on Bitcoin Upon Investigating Facebook’s Libra Stablecoin?
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. äàëüøå »
2019-7-22 23:13 | |
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It’s important to ensure crypto-industry is mature and battle-tested, claims Ripple’s Brad Garlinghouse
The Senate’s hearing on Facebook’s Libra with David Marcus is the talk of the town. Brad Garlinghouse, CEO of Ripple, is the latest to give his views on the hearing. Garlinghouse said that the debate was necessary for the crypto-industry to mature. äàëüøå »
2019-7-19 21:30 | |
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German Minister Calls for Close Monitoring of the Cryptocurrency Sector
A German minister has recently called on regulators to pay attention to the cryptocurrency industry, including Facebook’s Libra. According to a report by Reuters on July 16, 2019, the minister said that regulators should ensure that the nascent industry doesn’t threaten the stability of the financial sector Governments Increasingly Wary of Cryptos Since the adventRead MoreRead More. äàëüøå »
2019-7-18 15:00 | |
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JP Morgan’s Jamie Dimon Believes Libra Is Not a Short-Term Concern
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. äàëüøå »
2019-7-18 13:02 | |
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Ocasio-Cortez Attacks Facebook’s ‘Corporate Controlled Currency’ Libra
The Libra Association and Facebook took a lashing during their first day of congressional hearings on Tuesday. Wednesday wasn’t much better. Rep. Alexandria Ocasio-Cortez (D-NY) focused on a comment David Marcus, CEO of Calibra, made yesterday when he said he would trust all of his assets in Libra. äàëüøå »
2019-7-18 10:01 | |
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Former CFTC Chair Calls For Facebook’s Libra Cryptocurrency To Be Regulated As A Security
Former chairman of the United States’ Commodity Futures Trading Commission (CFTC), Gary Gensler has said that he is of the view that Facebook’s Libra should be considered as a security. Gensler made the statement in his remarks to the U. äàëüøå »
2019-7-18 21:21 | |
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Bitcoin is Becoming Store of Value among US Investors: Former Uber Staff
Investors in the United States are beginning to see bitcoin as a store of value, says former Uber staff Dan Held. The Interchange co-founder and director of business development credited Facebook for upping the status of cryptocurrencies. äàëüøå »
2019-7-17 15:00 | |
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House GOP Leader McCarthy Likes Bitcoin But Criticises Facebook’s Libra
There seems to be a pattern of statements about Bitcoin and cryptocurrency recently, starting with President Donald Trump. Although the comments have been mostly negative, Bitcoin is getting a thumbs up from U. äàëüøå »
2019-7-17 21:10 | |
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‘I Like Bitcoin’ Not Facebook Libra, House Rep. Kevin McCarthy Admits
US House Representative Kevin McCarthy said he likes bitcoin because of its decentralized nature and security. The minority leader praised the cryptocurrency’s underlying blockchain ledger technology for protecting users’ privacy, a feature that is otherwise missing across centrally-controlled financial services. äàëüøå »
2019-7-16 18:00 | |
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US Treasury Secretary Mnuchin Attacks Bitcoin, Libra
US Treasury Secretary Steven Mnuchin touched upon Bitcoin and Facebook’s Libra cryptocurrency in a Monday press conference, voicing concerns about the misuse of cryptos for money laundering and terrorist financing. äàëüøå »
2019-7-16 00:45 | |
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Facebook’s Libra Triggers US & UK Alarm Bells; Will Bitcoin Take a Beating?
On CNBC’s Squawk Box, Philip Hammond, the Chancellor of the Exchequer and a senior official within the government of the U. K. , said that Libra, a crypto asset developed by a consortium of companies including Facebook, poses a risk to the global financial system. äàëüøå »
2019-7-15 17:33 | |
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Catching up or playing catch up? Justin Sun talks about Warren Buffett lunch
While Facebook’s involvement with cryptocurrency has pulled in mainstream attention, it has overshadowed the decade-long innovations led by crypto technologists. In an effort to clear some of this fog, Tron CEO Justin Sun took to the Internet to share his recipe for success amidst the turbulent crypto market. äàëüøå »
2019-7-15 14:30 | |
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The Best Crypto Industry Reaction to Trump’s Bitcoin-Bashing Tweet
Donald Trump weighed in on bitcoin and cryptocurrencies, predictably on Twitter, last week. It wasn’t very positive, to say the least. Trump said he’s “not a fan” of bitcoin and cryptocurrencies. äàëüøå »
2019-7-15 10:44 | |
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US Govt Sees Libra as a Bigger Threat than Bitcoin: Messari CEO
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. äàëüøå »
2019-7-14 16:00 | |
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Donald Trump: If Facebook wants to become a bank, they must be subjected to all banking regulations
U. S. President Donald Trump expressed his views on cryptocurrencies, saying that not only was he “not a fan” of Bitcoin, he also believes Facebook’s Libra will have little standing or dependability when launched. äàëüøå »
2019-7-13 03:47 | |
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Trump Blasts Bitcoin For Illicit Use As NY College Is Hit With $2M Ransomware
Last night, the TV personality, businessman, president of the “free world,” Donald Trump took to twitter to blast Bitcoin, Facebook’s Libra, and the entire asset class of cryptocurrencies. The outspoken United States president said that the asset class is “highly volatile,” “unregulated,” “based on thin air,” and “can facilitate unlawful behavior, including drug trade and. äàëüøå »
2019-7-13 23:00 | |
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Donald Trump's Outdated Take On Bitcoin
Coming in the form of a Twitter tirade, President Donald Trump said he was "not a fan" of bitcoin because of its volatility and use in drug trafficking. Similarly, Trump also took aim at Facebook's Libra project, stating the cryptocurrency would have "little standing or dependability." äàëüøå »
2019-7-12 19:09 | |
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Bitcoin Price Analysis: Will Trump’s Comments Spark A Bitcoin (BTC) Sell-off?
Today’s Bitcoin (BTC) News At present time, the general furor is not about price volatility neither is it about the Bitcoin being perfectly distributed and decentralized. A lot has been said about Facebook and how its entry via Libra will at the end of the day boost Bitcoin and other altcoins. Boasting of a broad […] äàëüøå »
2019-7-12 16:20 | |
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Donald Trump’s critique of Bitcoin is antiquated and irrelevant
US President Donald Trump, known for his complicated relationship with technology and his incessant need to share his ill-advised thoughts with the world, has admitted he’s not a fan of cryptocurrency. äàëüøå »
2019-7-12 13:25 | |
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Trump Invites Crypto Firm to Social Media Summit, Snubs Facebook
Minds. com CEO Bill Ottman received an invite to President Trump's Social Media Summit. CCN spoke to the crypto activist-entrepreneur on his way to 1600 Pennsylvania Avenue. Will Donald Trump Leave Twitter and Take His Following to Crypto-Friendly Minds? Asked if Donald Trump might join Minds today, Ottman sheepishly said: “You never know. äàëüøå »
2019-7-12 22:00 | |
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FED Chairman: Facebook’s Libra Cannot Go Forward!
Coinspeaker FED Chairman: Facebook’s Libra Cannot Go Forward!Federal Reserve Chairman Jerome Powell said that Libra raises serious concerns regarding privacy, money laundering, consumer protection, financial stability, adding that the project “cannot go forward” until Facebook’s answers to regulators’ questions. äàëüøå »
2019-7-11 10:01 | |
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Bitcoin: The Best ‘Schmuck Insurance” for Investors
Social Capital CEO and early Bitcoin investor Chamath Palihapitiya recently said investors should “just buy Bitcoin” and enjoy the gains later. Just Buy the Dip! Recently on CNBC Squawk Box, Social Capital CEO Chamath Palihapitiya said that in his opinion, Bitcoin is “the single best hedge against the traditional financial infrastructure. äàëüøå »
2019-7-11 07:00 | |
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Fed Chair Says Libra ‘Cannot Go Forward’ Until Facebook Addresses Concerns
Fed Chairman Jerome Powell said Facebook should not be allowed to launch its Libra cryptocurrency until the company details how it will handle a number of regulatory concerns. äàëüøå »
2019-7-11 19:45 | |
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Winkevoss twins consider joining Facebook’s ‘cryptocurrency’ despite beef with Zuckerberg
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. äàëüøå »
2019-7-11 19:28 | |
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China Issuing Digital Currency ‘Will Drive Bitcoin Adoption’
Bitcoin proponents predict that China’s decision to create its own digital currency will ironically drive massive BTC adoption. China: Libra Dollar Peg Would Harm Sovereignty As various media outlets including South China Morning Post (SCMP) reported July 8, China’s central bank said it was already in the process of building the digital token. äàëüøå »
2019-7-9 17:00 | |
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China’s central bank is developing a state-run cryptocurrency in response to Facebook’s Libra
China’s central bank is creating its own cryptocurrency in response to Facebook’s Libra, said Wang Xin, director of the People’s Bank of China’s (PBOC) research bureau. Reasoning behind China’s hostility towards cryptocurrency China’s stance towards Bitcoin, and cryptocurrency in general, has been hostile—and understandably so. äàëüøå »
2019-7-9 03:12 | |
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Indian Authorities Express Concerns Over Facebook’s Libra
India’s Economic Affairs Secretary said he is not comfortable with Facebook’s stablecoin Libra
äàëüøå »2019-7-9 22:54 | |
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3 Core Reasons why Facebook’s Libra Could Trump Bitcoin
The public perception of Facebook’s digital currency project remains all over the place. Despite a lot of initial excitement regarding Libra, it remains to be seen how well the project will fare when everything is said and done. äàëüøå »
2019-7-9 18:00 | |
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European Central Bank Executive Calls For Speedy Regulations to Govern Facebook’s Libra
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. äàëüøå »
2019-7-8 17:32 | |
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Regulators must make sure Facebook lives up to Libra’s structure, says Wall Street veteran
Michael Casey, CEO of Streambed Media and former Wall Street Journal reporter, with his expertise in covering global finance and economic affairs, spoke about Facebook’s Libra and why it incurred a negative response from the community upon its launch. äàëüøå »
2019-7-7 01:30 | |
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Is Facebook’s Libra the birth of a regulation-friendly cryptocurrency?
When the time comes for the ultimate decision, either cryptocurrency or fiat must stoop to form the new status quo for finance. Facebook’s entry into the crypto space stirred the pot, bringing focus on crypto’s role within the existing market regulations. äàëüøå »
2019-7-5 00:00 | |
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India’s largest 4G network teams up with Facebook on a digital literacy program
India‘s second biggest network provider, Reliance Jio, has teamed up with Facebook to launch a digital literacy program for people coming online for the first time. Jio, which has over 300 million subscribers in the country, will launch this program in 200 locations across 13 states. äàëüøå »
2019-7-4 09:42 | |
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Circle CEO: Crypto “Mega Trend” is Here to Stay, Will be Bigger than the Web
The CEO of crypto financial services company Circle has said that Facebook’s Libra digital currency proves that crypto assets are here to stay. Jeremy Allaire also seemed optimistic that the newly-detailed project would be good long-term for Bitcoin. äàëüøå »
2019-7-4 00:00 | |
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Putin approved Libra. US Congress – not yet
While US Congress is preparing to listen to the arguments of Mark Zuckerberg in favor of launching his stablecoin Libra, Moscow is already giving Facebook cryptocurrensy the green light. Will Special Prosecutor Muller investigate again? Russian Deputy Finance Minister Alexei Moiseev said that Libra would be completely legal in the country. There are no obstacles […] äàëüøå »
2019-7-4 23:27 | |
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