2020-6-3 16:35 |
While Bitcoin created an alternative financial system independent of government, Libra’s architecture depends on the existing fiat currency system – and on the whims of the governments that control it. origin »
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This move comes shortly after Libra initiated a payment system license to commence operations in Switzerland under the oversight of the country’s financial watchdog, FINMA. Speculations arose about a possible launch of the Libra stablecoin by the end of 2020, should the association sort the underlying legal hurdles.
2020-5-7 15:31 | |
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Facebook’s Libra cryptocurrency project has undergone major changes. A number of key areas have been redesigned, including the payment system, the Libra cryptocurrency, and the addition of new single-currency stablecoins.
2020-4-19 17:35 | |
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Jay Hao says the global monetary system is broken and needs restructuring. The chief executive at OKEx believes a “super-sovereign” currency, like Bitcoin or Libra, offers the most hope for a more balanced system.
2020-4-5 17:19 | |
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Ïîëñîòíè êîìïàíèé, âêëþ÷àÿ ó÷àñòíèêîâ «Àññîöèàöèè Libra» Coinbase Ventures, Andreessen Horowitz è Anchorage, çàéìóòñÿ ñîçäàíèåì ìîáèëüíûõ ôèíàíñîâûõ ïðèëîæåíèé ïîâåðõ áëîê÷åéíà Celo. The Alliance for Prosperity is a mission-aligned network of organizations working towards a more inclusive global financial system and fostering social impact and financial inclusion through the use of blockchain technology. #CeloAlliance Find out more: […]
2020-3-13 21:16 | |
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In the cryptocurrency economy, the supply of credit through the banking system could disappear, warned Bank of England Deputy Governor Sir Jon Cunliffe. That would be a change with “profound economic consequences,” he added, emphasizing the risks from Facebook’s Libra project and global stablecoins.
2020-3-2 20:45 | |
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The world of cryptocurrencies has been opening up for the benefit of the common man, making people financially independent within a decentralized system. However, not everyone is trusting of tech compThe post Facebook's Libra might have to up its trust among people before launch appeared first on AMBCrypto.
2020-2-5 18:30 | |
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Facebook's unveiling of its plan to launch a digital currency dubbed Libra has not only drawn the attention of regulators worldwide, but it has also initiated talks about central backed digital currenThe post CBDCs could be key to a broad-based blockchain payments system appeared first on AMBCrypto.
2020-1-22 21:30 | |
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Jan Weidmann, the President of the Bundesbank, holds some very unique thoughts on the topic of money, digitization, and the network effect of payment services. Speaking with Handelsblatt, he offers his perspective on opposing Libra, which is centered around a market-oriented approach rather than endorsing the launch of a state-backed competitor such as a digital euro, JanuaryRead MoreRead More.
2020-1-4 02:00 | |
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2019 in the cryptocurrency space was pretty much all about Bakkt, Bitcoin's price, Facebook's Libra, and China's state-backed digital currency. While China has been up-and-running in terms of planningThe post China's DCEP could be 'better way to circumvent current financial system' appeared first on AMBCrypto.
2020-1-3 18:30 | |
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The Bank of France plans to launch pilot project of digital currency for financial institutions in 2020. Authorities see this initiative as a means of improving the efficiency of the financial system and as a response to Libra's launch.
2019-12-8 01:20 | |
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Mu Changchun, the Deputy Director of the People’s Bank of China (PBoC) has taken to De Dao, a popular Chinese education app to enlighten the masses on cryptocurrencies, including Facebook’s Libra altcoin and China’s Digital Currency Electronic Payment (DCEP) system, reports Forkast on November 18, 2019.
2019-11-18 20:00 | |
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Seemingly sidelining Libra for the time being, Facebook launches new fiat payment system
2019-11-13 04:55 | |
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Rohit Chopra, Commissioner of the Federal Trade Commission (FTC), has written an open letter to Federal Reserve chairman Jerome Powell to launch their real-time payments system, FedNow, at the earliest to curb megabank monopolies and private sector abuse, November 7, 2019.
2019-11-9 10:00 | |
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According to FTC Commissioner, the impending Facebook led Libra project should be reason enough for the US Federal Reserve to develop its own instantaneous payments system, CoinDesk reports. Rohit Chopra, a sitting commissioner of the US Federal Trade Commission, in a letter to the Federal Reserve’s board, expressed his support for the recently mooted FedNow […]
2019-11-9 22:22 | |
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The Federal Reserve should urgently launch its own real-time payments system ahead of Facebook and Wall Street, says FTC Commissioner
2019-11-8 12:53 | |
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FTC Commissioner Rohit Chopra cited Libra concerns in his letter supporting the Fed's potential FedNow real-time payments service.
2019-11-8 09:00 | |
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FTC Commissioner Rohit Chopra cited Libra concerns in his letter supporting the Fed's potential FedNow real-time payments service.
2019-11-8 09:00 | |
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David Marcus, head of Facebook’s Calibra wallet spoke at the Money 20/20 conference about what Libra is trying to forge and their commitment to a ‘noble’ vision. The narrative that has recently been doing the rounds is that of Libra establishing a monopoly over the financial system.
2019-10-31 22:00 | |
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In the wake of the 2008 Global Financial Crisis, the G20 established the Financial Stability Board (FSB) with the objective to propose initiatives to “build a more resilient financial system, addressing the fault lines that caused the global financial crisis.
2019-10-30 17:11 | |
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Central bankers and regulators fear that Libra could threaten the security of the global financial system. Huang Qifan stated that the chaos created by Libra would be on par with “returning to the primitive society.
2019-10-28 22:57 | |
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Regulatory hostility and adoption concerns are some of the issues that Libra will have to face as it moves to release its controversial payment system
2019-10-29 18:34 | |
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Libra’s troubles and downfalls often make headlines, but the potential impact of the system, if it’s allowed to ship, is greatly ignored. Chinese tech giant Tencent has acknowledged that Libra has the ability to genuinely threaten the global payment rails.
2019-10-25 13:45 | |
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Libra will be closely monitored by the U. S treasury confirms a letter written to Missouri’s fifth district Congressman, Emanuel Cleaver. This was made public on Cleaver’s website noting he had earlier written to various bodies seeking them to keenly watch Libra’s activities.
2019-10-24 16:29 | |
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Facebook CEO Mark Zuckerberg testified before the House Financial Services Committee, supporting the Libra initiative and reasoning out previous allegations in relation to breaking the users’ trust.
2019-10-23 18:38 | |
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Mark Zuckerberg, the CEO of Facebook, is about to go to Congress to defend the Libra Project. One day before officially testifying in court, Zuckerberg has released his prepared remarks for the hearings.
2019-10-23 06:13 | |
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Facebook's CEO released his written testimony a day before his scheduled appearance before the U.S. House of Representatives.
2019-10-23 22:05 | |
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David Marcus, who leads the Libra project, said China will create a digital currency system that could be entirely out of reach for U.S. authorities.
2019-10-22 17:00 | |
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Under pressure from regulators, the Libra project may consider a fundamental change to the way its planned crypto payments system will operate.
2019-10-21 12:30 | |
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Today, G7 countries have documented their concerns about the impact of stablecoins on the global monetary system, US Senator Michael Rounds has offered fresh words of support, and a new survey has emerged on Libra adoption 67% of Nigerian Businesses Would Welcome Libra While Facebook’s intention to launch a global digital currency sparked reactions among governments and regulators in developed countries, no-one has bothered to ask the opinion of potential users, especially in developing countries.
2019-10-18 14:00 | |
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Earlier this week I told you Facebook‘s ‘cryptocurrency‘ saga had turned into a soap opera and that it was going to be a long season, and it seems I wasn’t wrong. The technology giant is facing a new challenge after the G7 said on Thursday that such stablecoins shouldn’t be allowed to launch until international risk was assessed.
2019-10-18 12:04 | |
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The latest International Monetary Fund (IMF) conference featured leaders from technology, banks, and regulators to discuss the trajectory of the fintech ecosystem. Leading the conversation was Facebook’s David Marcus, Head of Calibra, who highlighted the current constraints of the existing financial system.
2019-10-18 21:33 | |
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Coinspeaker ‘There is No Status Quo Option for Libra,’ Says Facebook’s David MarcusThe fear for many authorities is that Facebook's Libra could heavily disrupt the financial system and potentially enable illicit activities like money laundering or terrorist financing.
2019-10-17 12:19 | |
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The majority of US politicians are anti-crypto and Bitcoin. Either through fear, or lack of knowledge, they view digital currencies as a threat to their own system which is highly controlled and often manipulated.
2019-10-17 09:00 | |
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Bank of England Governor Mark Carney has thrown his weight behind Facebook’s global cryptocurrency project dubbed Libra. The has opined that blockchain-based virtual currencies have the power tix the challenges associated with traditional payments systems, reports The Star on October 15, 2019.
2019-10-17 01:00 | |
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Facebook sent the world into a frenzy when it announced its intention to enter the payments space with the launch of its controversial ‘cryptocurrency‘ Libra earlier this year. Initially, Facebook said it had garnered support from 28 companies, including some of the world’s top financial and technology giants.
2019-10-15 19:46 | |
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Facebook’s proposed Libra ‘cryptocurrency’ has run into further resistance, this time from a G7 taskforce. The group issued a report stating that ‘global stablecoins’, such as Libra, should not begin operation until proven safe and secure.
2019-10-14 14:00 | |
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Good morning forkers, it’s that time of the week again. It’s Hard Fork’s wrap-up of the weekend’s cryptocurrency and blockchain headlines you shouldn’t miss. Let’s get to it. 1. Facebook‘s “cryptocurrency” Libra is facing yet more challenges as Mastercard, Visa, eBay, payment system provider Stripe, and South American partner Mercado Pago have pulled out of the troubled project, The Financial Times reports.
2019-10-14 11:40 | |
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The Bank of England‘s (BoE) Financial Policy Committee (FPC) has laid down a set of rules that Facebook‘s Libra and other cryptocurrencies must follow if they are to be launched in Britain. While some question if Facebook’s ‘cryptocurrency’ Libra will ever launch, the BoE‘s FPC did recognize its potential to becoming an “important payment system,” City AM reports.
2019-10-9 15:12 | |
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A "step-ladder" approach to know-your-customer (KYC) rules could help the Libra stablecoin reach those disconnected from the financial system.
2019-10-9 11:00 | |
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Coinspeaker Bankers Raise a Warning That Facebook’s Libra Will Create Shadow Banking SystemThe bankers have explicitly stated that Facebook's Libra will pose huge threat to the consumer demand for deposit accounts, payment volumes, and business models built on privacy.
2019-10-2 13:30 | |
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Facebook's nascent crypto project Libra continues to run in trouble even before the actual launch. The project has managed to enrage regulators, central banks and governments around the globe, who believed Facebook was merely using the name of blockchain to start a parallel monetary system, piggy riding the existing framework in which institutions pay billions […]
2019-10-1 22:09 | |
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At this month’s Federal Advisory Council meeting, the United States’ biggest banks (including CEOs Rene Jones of M&T Bank Corp. , Beth Mooney of KeyCorp, and Brian Moynihan of Bank of America Corp) were asked by the Federal Reserve about their thoughts on Libra, the stablecoin proposed by social media giant Facebook.
2019-10-2 18:45 | |
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Facebook’s Libra will potentially create a “shadow banking” system, according to the banks at the Federal Advisory Council
2019-10-1 16:45 | |
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ECB President Not Too Worried About Crypto… Yet Earlier this year, Facebook famously unveiled Libra to the world. The cryptocurrency project, billed as a way to empower billions, quickly became the talk of the town,...
2019-9-30 09:23 | |
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One major flaw with Facebook’s plan to create a digital currency, according to Marcus Treacher, Ripple’s senior vice president of customer success, says is that it is a “walled garden.” The term that means a closed system has been applied to top companies like Facebook (FB) and Apple (APPL) in reference to the control they […]
2019-9-29 04:48 | |
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September 27, Frankfurt. Mario Draghi, European Central Bank (ECB) president, states that he is of the opinion that cryptocurrencies and stablecoins are not designed to be an adequate replacement of money.
2019-9-28 16:18 | |
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Ripple senior executive Marcus Treacher says the company’s crypto network is better than Libra calling Facebook’s digital currency a “walled garden. ” Ripple is Better than Libra Speaking to CNBC, Treacher — senior vice president of customer success at Ripple, said Libra had a fatal flaw in its architecture.
2019-9-27 11:30 | |
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In a blog post published on Wednesday, Libra cofounder David Marcus tried to justify Facebook's move to, saying that it is going to be an asset to the global population as most of them lack access to modern financial services.
2019-9-26 19:16 | |
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Following a rousing presentation from David Marcus - the head of Facebook's Libra - Coinbase CEO Brian Armstrong has come out in support of the developing cryptocurrency. Libra is often depicted as a pretty divisive and maligned project.
2019-9-27 16:00 | |
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Led by Zcash, the privacy space had a breakout year in 2025. What’s coming next?
The following is a guest post and opinion from Markus Levin, Co-Founder of XYO. Global AI spending is expected to hit $1.5 trillion by the end of 2025, and robotics is rising with it. Robots now move and behave in ways that almost feel human, but most still fall apart when they’re placed in real […] The post Robotics: The next frontier of decentralized intelligence appeared first on CryptoSlate.
Investors might be able to take advantage of the recent crypto market downturn in order to lower their taxable income.
The following is a guest post and opinion from Volodymyr Nosov, Founder and President at W Group, CEO at WhiteBIT. For the second consecutive month, the cryptocurrency market has been in decline.
If bipartisan agreements like the GENIUS Act can be immediately reopened whenever an incumbent industry dislikes their competitive implications, legislative compromise becomes impossible, argues Blockchain Association CEO Summer Mersinger.
We can quibble over the exact timeline, but the quantum future is an approaching certainty, argues Arpa Network CEO Felix Xu. The time to act is now, while we still can.
For all the talk that this cycle is somehow “different,” the structure of Bitcoin’s market still looks unmistakably cyclical to me. Each top brings the same chorus claiming the cycle model is dead, and each cooling phase renews the idea that liquidity alone now sets the trajectory.