2020-5-27 19:08 |
Some have written off Libra as a watered-down project. But you can see its potential in places where Facebook use is high and payment standards are low.
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Recent new members to the Libra Association look set to contribute capital, potential user bases, and technical expertise to help the project win favour with regulators. Yet, contrary to what you might have heard, Libra really isn’t a threat to Bitcoin.
2020-2-27 01:00 | |
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Facebook’s coin project, Libra, continues to draw attention despite setbacks, including a shrinking pool of backers and a growing number of worried regulators. But now with JP Morgan seeing potential for the social network’s cryptocurrency and e-commerce giant Shopify joining the Libra Association, its chances might have improved.
2020-2-24 05:50 | |
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Recent reports have made it clear that central governments, presently, are not thinking about stablecoins as an option. If anything, they are planning to ban them altogether, fearing that stablecoins The post Facebook's Libra has potential; must re-work design, proposal: JP Morgan appeared first on AMBCrypto.
2020-2-22 20:30 | |
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Google joins Hedera Hashgraph’s governance council, demonstrating the potential for enterprise growth and drawing comparisons with Libra
2020-2-16 21:40 | |
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“The central banks of Britain, Japan, the euro zone, Sweden and Switzerland have grouped up to assess potential use cases for digital currencies. Talk of such currencies gained momentum after Facebook announced plans last year to introduce a cryptocurrency called libra,” – CNBC.
2020-2-5 06:00 | |
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"Libra, invariably because of the potential scale of the project, has been a force multiplier of changing the scope of the conversation.", said Libra Association vice-chair, Dante Disparte. Libra dThe post Facebook's Libra Association vice-chair: need to get three things done before launch appeared first on AMBCrypto.
2020-1-28 01:30 | |
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2019 was marked by some of the world’s most powerful people talking about Bitcoin in public settings. President Donald Trump said in a surprise Twitter thread that cryptocurrencies, from BTC to Libra, are no something he is a fan of, citing their potential to be used in crime.
2020-1-22 23:06 | |
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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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Regulators in Europe have called on the European Central Bank (ECB) to explore the feasibility of launching a digital currency for the bloc. Supranational agencies and governments, alike, have labeled stablecoins – especially Libra – a potential menace to financial stability.
2019-11-6 14:00 | |
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The European Union will impede the development of Libra if it judges the project to pose excessive risks
2019-11-7 12:00 | |
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"It is the potential impact of these major international players on Bitcoin and other crypto-assets that most concerns the crypto community - specifically, whether these moves from Facebook and centraThe post Libra, China's DCEP might be 'cause for cautious optimism' for Bitcoin appeared first on AMBCrypto.
2019-11-6 02:30 | |
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When asked whether Twitter would be interested in joining the Libra Association, Jack Dorsey met the inquiring journalist with a prompt “hell no”. Dorsey’s reaction is not surprising in the slightest as he has previously spoken of his issues with a network like Libra.
2019-10-25 14:14 | |
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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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The Libra Fiasco, as one may call it, is something that’s been going on for a while now. Luckily, there is a potential reprieve coming after Mark Zuckerberg stands before the House Financial Services Committee on the 23rd of October.
2019-10-23 16:37 | |
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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 working group of the G7 has released a report detailing the potential risks a global stablecoin (GSC) could pose to nations and economies worldwide. GSCs will have to address these concerns to be considered for approval, the report said, adding that addressing the outlined risks will not guarantee regulatory permission to operate.
2019-10-18 11:30 | |
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The potential loss of Libra could be Bitcoin’s gain
2019-10-18 19:12 | |
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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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Coinspeaker Libra Association Claims It Has 180 Candidates to Join the Row of Its MembersThough some giants left Libra, the Association claims that it has nearly 1500 potential candidates to join.
2019-10-15 14:54 | |
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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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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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As Facebook deals with the loss of PayPal‘s backing for its ‘cryptocurrency‘ Libra, the tech giant must now get ready to answer EU regulators’ questions about the potential risks posed by the project.
2019-10-7 12:07 | |
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The European Commissioner for Competition, Margrethe Vestager, is asking tough questions of Libra over its potential closed economy.
2019-10-3 11:00 | |
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Coinspeaker Visa, Mastercard and Other Major Libra Backers Want to Pull Out from the DealFacebook's Libra is facing many regulatory challenges that have made institutional backers like MasterCard, Stripe, PayPal, and Visa lead several other potential partners in casting their doubts about the project.
2019-10-2 14:01 | |
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The outgoing president of the European Central Bank (ECB) believes that so far crypto assets have had few implications for existing monetary policy. However, Mario Draghi believes that this could change in the future.
2019-9-28 23:00 | |
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TON, the highly anticipated blockchain project from messaging giant Telegram, has reportedly entered its last stage of development, summing up its progress from early 2018. Facebook’s Libra, which entered the fray in early 2019, was speculated to be potential competiton for Telegram’s GRAM token.
2019-9-21 22:30 | |
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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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Paypal, an American centralized payments services company has made it clear that it firmly believes in the potential of the social media giant’s global cryptocurrency project despite the intense scrutiny of governments and central banks on Libra, as well as the regulatory bottlenecks surrounding the cryptoasset, according to a Channelnewsasia report on September 14, 2019.
2019-9-16 12:20 | |
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The European Union needs to establish a common set of rules for cryptocurrencies to counteract risks posed by Facebook’s Libra, France’s Finance Minister Bruno Le Maire said today. According to Reuters, Libra could pose risks to consumers, financial stability and even “the sovereignty of European states,” Le Maire said.
2019-9-13 13:34 | |
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While Facebook (FB) is planning to acquire Swiss payment system license for Libra, France is not at all interested in letting its cryptocurrency project — expected to launch in 2020 — get off the ground.
2019-9-12 18:44 | |
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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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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.
2019-9-12 12:15 | |
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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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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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The introduction of Facebook’s Libra has been one of the highlights of 2019, but it was not smooth-sailing for the virtual asset. The Facebook-backed stablecoin received collective criticism from government officials, crypto-personalities and a majority of the community, with many questioning its potential use cases and characteristics as a cryptocurrency.
2019-9-7 20:30 | |
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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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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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The European Union is actively probing Facebook’s Libra digital currency project for competition law violations, mainstream media report. Facebook’s Libra Has ‘Potential Anti-Competitive Behavior’ According to Bloomberg, which cited official correspondence August 20, the European Commission is quizzing Libra participants via a dedicated questionnaire.
2019-8-21 14:00 | |
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Facebook is having a hard time convincing regulators and lawmakers to approve its new digital coin Libra. Now that both the United States and India have presented concerns about the project, it was the time for the European Union to do it.
2019-8-21 23:58 | |
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The European Commission is concerned that Libra will stifle competition from rival service providers
2019-8-21 22:14 | |
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Nic Carter, a partner at Castle Island Ventures and co-founder of Coin Metrics, created a matrix chart for some of the crypto-sphere’s most talked about innovations. The chart ranked Bitcoin, blockchain protocols, Libra, and other innovations by maturity relative to hype, showing there is still unrecognized potential in many parts of the industry.
2019-8-14 23:40 | |
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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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Brad Garlinghouse, the CEO of Ripple Inc, is concerned about the U. S. government’s recent jump into action after the announcement of Libra. In an interview with Fortune, July 25, 2019, Garlinghouse speaks about his discontent with Trump’s bunching of cryptocurrencies, and the potential regulatory conundrum that Libra has awoken.
2019-7-26 14:51 | |
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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.
2019-7-24 19:09 | |
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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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Concerns relating to the cryptocurrency space have found a new dimension. Trump’s Twitter rant on the same while being highly criticized, also raised the profile of the cryptocurrency market.
2019-7-21 02:30 | |
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Tuesday night was a shocker if you only watched CNN. But not if you'd looked at the betting all along.
I don’t think Donald Trump actually changed his mind on cryptocurrency much at all since three years ago… I think he just wants in on the scam.
The industry needed a friend after the Biden Administration. But getting into bed with Trump comes with plenty of risks, says Ben Schiller.
“In this election, the crypto vote could be the difference between winning and losing,” says Logan Dobson, Executive Director of Stand With Crypto, an industry-funded non-profit.
Recent rises in bitcoin prices have led some to believe that Trump, should he win, will be great for the industry. But the reality may be more complicated, says Alex Tapscott.
As the U.S. faces the most consequential election of our lifetime, the Trump administration offers an unprecedented opportunity for the Bitcoin community.
The following is a guest post by Kadan Stadelmann, CTO of Komodo Blockchain. After weeks of a neck-to-neck presidential campaign between the Democratic and Republican nominees, Donald Trump’s odds of being elected to President of the US are on the rise.