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Fake Bitcoin Ads on Facebook Using Dutch Billionaire’s Likeness Ordered to Be Removed
A Dutch judge has ordered Facebook to remove fake Bitcoin ads using the image of the billionaire owner of the Big Brother franchise, John de Mol. The Dutch tycoon sued Facebook after he found an elaborate scheme that used his likeness to scam investors of millions of dollars. äàëüøå »
2019-11-13 05:10
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Facebook Pay Launch WIll Unifying Instagram, Messenger, & WhatsApp Payment Services; Segue For Libra?
Facebook is one of the biggest social media platforms in the world, and they have recently announced a payment product that they are bringing to the finance industry called Facebook Pay. Facebook Pay will allow consumers to use a simple and easy to understand process to pay for any purchase on Facebook with a single […] äàëüøå »
2019-11-13 23:53
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Creator Of ‘Big Brother’ And ‘The Voice’ Wins Legal Battle Against Facebook For Bitcoin Scams
A Dutch court has recently ruled that all fraudulent ads involving Bitcoin must be removed from Facebook. The case started when the Dutch millionaire John de Mol sued the social media company. He started the process some months ago after Facebook failed to remove fake ads that used his and other celebrities’ images. According to […] äàëüøå »
2019-11-12 02:05
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American Banker: Does the US Need an Ally Like Libra to Take on China’s Digital Currency Growth
Facebook's universal digital currency project Libra might be at the receiving end of regulators and governments around the globe, but looking at China's accurate adoption of blockchain technology and the slated launch of its central bank-issued digital currency (CBDC) by the end of this year, the US might need an ally like Libra to help […] äàëüøå »
2019-11-11 22:17
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Facebook’s 6-Year Wait Comes to An End: Patent for Personal Finance Tracking Tool Gets Ratified
Facebook’s 2013 patent for a personal finance tracking tool gets approved reports BeInCrypto. As per the news outlet, the tracking tool compares a user’s financial spending to those based on relatable benchmarks. äàëüøå »
2019-11-10 23:54
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Launch A Real-Time Payments System Before Libra, FTC Commissioner Tells Federal Reserve
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 […] äàëüøå »
2019-11-9 22:22
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JPMorgan CEO Jamie Dimon Talks About Zuckerberg, Libra Launch and Banking Innovation
New statements have emerged from JPMorgan CEO Jamie Dimon in an interview on the possible impact of Facebook’s Libra and what it might mean for banking institutions around the world. Here is the two to three minute clip specifically about Facebook's Libra comments and how Zuckerberg talked in front of congress. While the whole interview […] äàëüøå »
2019-11-8 18:59
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Facebook Granted Patent for Personal Finance Tracking Tool Amid Global Libra Concerns
Facebook has had a 2013 patent related to personal finance approved. The patent describes a tool that tracks and compares the financial transactions of users against other users, purportedly to better help them manage their spending and note trends based on their demographics. äàëüøå »
2019-11-8 14:10
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Europe Braces For Coming Digital Storm As EU Moves To Not Allow Facebook’s Libra to Launch
With its Libra project, Facebook has opened a Pandora’s box. Now, countries all over the globe are bracing for the irresistible impact of high-profile digital stablecoins in their economies and the situation is not any different in the European Union. äàëüøå »
2019-11-7 22:13
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Facebook’s Libra Will Operate More Like An Email Tech Than PayPal: Calibra VP of Product
According to Facebook’s Calibra VP, Kevin Weil, Facebook’s led crypto project, Libra is set to operate like an email but not like PayPal, Cointelegraph reports. Weil was giving a speech during the Web Summit held in Lisbon, Portugal where he emphasized that the crucial aspect in Libra will be interoperability, which is at the central […] äàëüøå »
2019-11-6 23:34
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European Union Ponders Issuing a Public Digital Currency to Compete With Facebook’s Libra
The European Central Bank (ECB) has recently considered the idea of issuing its public digital currency via a new draft document, according to Reuters. This is seen as a response against the Facebook backed project, as the company’s upcoming launch of the Libra has made regulators all over the world wary. Since Facebook shared plans […] äàëüøå »
2019-11-5 21:25
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IOSCO: Existing Securities Rules Could Apply to Facebook’s Libra and Other Stablecoins
The launch of the Libra stablecoin by Facebook is still months away but reports from Reuters indicate that there are already securities rules in place that could apply. Rather than restricting stablecoin, these rules could help reveal the full benefits, according to IOSCO. äàëüøå »
2019-11-5 23:07
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Institutions Extremely Bullish on Facebook (FB) Stock After Strong Q3 Earnings Report
Facebook printed solid Q3 earnings. New formats like Stories are driving ad revenue growth. At least 12 brokerage firms are bullish on FB after seeing the Q3 earnings report. Facebook appears to be adhering to its motto to move fast and break things. äàëüøå »
2019-11-4 16:30
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China’s SAFE Regulator: Libra Could Be Used For Mischievous Cross-Border Payments
A senior Chinese regulator, Sun Tianqi recently spoke about the Facebook’s Libra project. According to the Chief Accountant of China’s State Administration of Foreign Exchange, Libra needs to abide by the same kind of law that other foreign currencies do or it will be banned from the country. According to Sun, countries that asses Libra […] äàëüøå »
2019-10-29 01:44
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Former Chongqing Mayor: Facebook is “Delusional” About Libra and Will Never Succeed
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. äàëüøå »
2019-10-28 22:57
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Can Libra and Other Crypto Find a Ground to Navigate Regulation?
How Libra and other cryptos can best navigate regulations and retain their value
äàëüøå »2019-10-27 22:05
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Facebook’s Libra Isn’t DOA; It Will Move Forward, But Under Threat From Government Stablecoins
While it feels like forever, it’s just been six months since the social media giant, Facebook, announced their stablecoin Libra. The subsequent backlash it’s received is both massive and lengthy. At the moment of writing, it’s unsure whether or not Facebook, along with the Association will even be able to launch Libra. Typically, if a […] äàëüøå »
2019-10-26 21:10
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Facebook’s Libra May Not Get The Green Light As It Has Shaken Up The Central Banking Community
Facebook’s Libra, according to the president of a European think tank, might not get approved for its launch next year but it could definitely spur the creation of a different digital global currency. äàëüøå »
2019-10-25 16:26
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CEO of Visa Claims Company Is Still Interested In Facebook’s Libra Crypto Project
The CEO of Visa, Alfred F. Kelly, has recently affirmed that, despite dropping out of the Libra Association, Visa is still interested in the project. This information comes from an interview made by the Brazilian financial media outlet Valor Economico (Economic Value). äàëüøå »
2019-10-25 23:56
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Tencent, Who Owns WeChat, Considers Libra a Real Risk for Alipay and Wechat Pay
The Chinese Internet Giant and father of Wechat, Tencent, had made its current opinion of Libra clear. They stated that Facebook’s budding cryptocurrency represents a severe risk to already established systems for digital payment. äàëüøå »
2019-10-24 19:22
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US Treasury Takes A Special Interest In Libra Stablecoin Following Missouri Congressman’s Request
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. äàëüøå »
2019-10-24 16:29
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Democrat Katie Porter Torches Facebook for ‘Black Mirror’ Behavior
Mark Zuckerberg appeared before Congress on Wednesday to defend Facebook’s new cryptocurrency project, Libra, but U. S. lawmakers quickly seized the opportunity to grill him on other issues. äàëüøå »
2019-10-24 01:42
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“I Actually Don’t Know If Libra Is Going To Work,” Facebook CEO Mark Zuckerberg Testifies Before Congress
“I actually don’t know if Libra is going to work, but I believe it’s important to try new things and innovate,” said Facebook (FB) chief executive Mark ‘Zuckerbuck' while he was grilled by lawmakers over the company's plan to launch a digital currency before a Congressional panel on Wednesday. Zuckerberg explained that the idea behind […] äàëüøå »
2019-10-23 21:57
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BBC Report: Not a Single 1 of the 20 Facebook’s Libra Partners Has Paid Their $10 Million Yet
The Libra Association is not facing a good time right now. Not only did several companies decide to back down from being a part of the association after PayPal had dropped out and regulators asked them to back off, but none of the 20 founding members has paid a single cent to support the Libra […] äàëüøå »
2019-10-23 21:36
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Russia Threatens to Block Facebook if the US Burns Libra Cryptocurrency
According to President Vladimir Putin's special representative for IT, Dmitry Peskov, if Libra launches without sufficient control measures, “the likelihood of Facebook being blocked” will increase in Russia. äàëüøå »
2019-10-23 19:26
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US Rep And Crypto Supporter Warren Davidson, Condemns SEC Practices, Voices Concerns About Libra
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. äàëüøå »
2019-10-23 16:37
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Zuckerberg: Libra Needs to be Built, Won’t Launch Without Approval, Can Fix Failing Financial System
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. äàëüøå »
2019-10-23 06:13
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Facebook’s Marcus: Striking Libra as a Threat to the US is a Win For China’s Digital Currency
As we already know, after five years of research, the People's Bank of China is very close to releasing its digital currency. While China has been focused on creating a central bank digital currency, the US has no plans for the same in the near future, though they are looking at it. In the meantime, […] äàëüøå »
2019-10-22 19:50
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Facebook begins testing dark mode and a Twitter-like interface for desktop
In May, Facebook said it was going to redesign the website and bring dark mode to its website and mobile apps. While it began testing dark mode for its Android app in August, it has now started rolling out a beta version of its website with that option to some users too. äàëüøå »
2019-10-21 08:34
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Global Monetary Enforcer FATF Shares Concerns About Libra And Stablecoins
The Financial Action Task Force (FATF), one of the most important financial regulators in the world, has recently voiced some concerns about Facebook’s Libra project. According to the institution, Libra and other stablecoins could pose several risks if they were to achieve mass adoption, especially when considering money laundering and terrorist financing. Xiamgmin Liu, the […] äàëüøå »
2019-10-19 22:34
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Creditplus Bank AG Report: Three of Four German Citizens Do Not Approve Libra Coin’s Launch
Facebook-backed cryptocurrency, Libra, rejected by most German citizens according to a recent survey on people over the age of 16. The percentage of “no-Libra” choice non-surprisingly increases with age as the older population still try to get their heads around decentralized technologies. äàëüøå »
2019-10-19 22:19
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1933 Securities Act is Archaic, Says US Senator Rounds in Support for Facebook’s Libra
While multiple members pulled out of Libra Association after the US Senate threatened the companies and CEOs to drop their support to Libra or face a heightened level of scrutiny, one US Senator has come in support of Facebook's cryptocurrency project. äàëüøå »
2019-10-18 15:30
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G-7 Task Force Releases Full Report on Impact of Global Stablecoins
Stablecoins could present a significant risk to global financial stability but hold promise for payment systems, says G7 report
äàëüøå »2019-10-18 04:51
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Mark Zuckerberg speaks out on political ads, free speech, and China
Facebook CEO Mark Zuckerberg gave a talk today at Georgetown University, covering his views on free expression. During the speech, he repeated that Facebook stood for free expression, made vague noises towards its improvement, and pointed out that — as far as values go — it’s at least standing against the likes of China. äàëüøå »
2019-10-18 00:15
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French Finance Minister: Libra Will Take Away State’s Power To Control Currency
French Economy and finance minister Bruno Le Maire attacks Libra again this time claiming that Facebook’s led stablecoin will intrude on one of the most important national government mandates, issuance of currency. äàëüøå »
2019-10-17 20:31
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What Does Skepticism for Libra Say About Bitcoin?
The potential loss of Libra could be Bitcoin’s gain
äàëüøå »2019-10-18 19:12
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How to watch Mark Zuckerberg’s ‘free expressions’ speech
Buckle up for some snarky headlines later this night – Mark Zuckerberg is going to stream a speech about his views on free speech and expression. It’s scheduled to take place at 10 am PT/1 pm ET / 10. äàëüøå »
2019-10-17 09:12
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Swiss Federal Council Continues to Monitor Stablecoins and Blockchain
The Swiss Federal Council is keeping close tabs on global stablecoin projects and their possible opportunities and challenges
äàëüøå »2019-10-17 22:52
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Taiwan’s Richest Man And Foxconn Founder Wants To Welcome Currencies Like LIbra
Taiwan’s tycoon and the founder of Foxconn – Terry Gou, is envisioning Taiwan's next big venture. With the world regulators beating down Facebook led Libra, he wants to put out the welcome mat for the stablecoin. äàëüøå »
2019-10-16 19:48
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Facebook Head Marcus Vows for Libra’s Progress; Still On Track For 100 Members At Launch
Organizations including, Stripe, Visa, Mastercard, and eBay left the Libra Foundation as of late. Facebook Libra has decided to make progress with just twenty-one individuals. In an interview with Bloomberg, Facebook’s David Marcus told them he doesn't blame organizations that hauled out of the venture, instead that he's positive that more organizations will sign on. […] äàëüøå »
2019-10-16 19:01
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Swedish Central Bank Head: Facebook’s Libra Was A ‘Shake The Tree’ Event To Kick Start Reform
Sweden’s central bank chief has explained that Facebook’s Libra cryptocurrency should serve as a catalyst for central banks around the world to rethink their role and reform to incorporate the digital age. äàëüøå »
2019-10-16 21:10
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Facebook is reportedly locking users out for reporting fake accounts
In a completely bizarre incident, Facebook is locking people who report scammers, fake accounts, and impersonators out of the accounts for days. Due to this, #FacebookLockout is trending on twitter with many users angry at the social network’s strange behavior. äàëüøå »
2019-10-15 10:19
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US Treasury Secretary Mnuchin: Companies Left Libra Association Due To Compliance Issues
Steven Mnuchin, the U. S. Treasury Secretary, has recently been interviewed by CNBC’s Squawk Box. During the interview, he talked about how some companies are abandoning the Libra Association as they are concerned with regulatory problems. äàëüøå »
2019-10-15 23:33
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Booking Holdings & Mercado Pago Are The Latest to Cut Ties With Libra Association
Following PayPal’s departure earlier this month and then eBay, Stripe, Visa, and Mastercard, payments company Mercado Pago followed soon after and today Booking Holdings, an online travel company has also announced that it is withdrawing the participation in the Libra Association. äàëüøå »
2019-10-14 19:37
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US Senate Threatening Libra Association Members to Quit or Face “High Level of Scrutiny”
Recently, Stripe, Mastercard, Visa, and eBay left Facebook’s cryptocurrency project Libra, taking this exodus tally to 5, when just a week back PayPal left the Libra Association too. In June, the social media giant unveiled its plan for Libra, announcing its intent to roll out the international digital currency next year. The company said the […] äàëüøå »
2019-10-14 02:27
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Chris Dixon of a16z Crypto: Denominating Libra in USD Could Ease its Integration
Facebook’s Libra cryptocurrency has been a hot topic within the FinTech community and regulators from the world’s powerful economies. Recently, the project suffered setbacks after major partners like PayPal, Visa and Mastercard considered opting out of the Libra Association. äàëüøå »
2019-10-12 18:37
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Visa, Mastercard, eBay and Stripe All Depart Facebook’s Libra Association
Initially a 28 corporate-member project, Facebook’s Libra Association recently saw the likes of eBay, Stripe, Mastercard, and Visa leave the project. The aforementioned four parties announced their decision to back out on Friday, October 11, 2019, a week after PayPal abandoned the ship! As reported by CNBC, the former members have since argued that this […] äàëüøå »
2019-10-12 02:01
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Finco Services Sues Facebook and Calibra For Libra Logo Trademark Infringement
The problems that Facebook has related to its upcoming Libra stablecoin simply do not stop. Finco Services of Delaware has filed a lawsuit against the popular social media company and it's subsidiary Calibra in New York, related to the logo of the Libra project. äàëüøå »
2019-10-12 23:41
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Facebook’s Libra is a Better Option than PayPal but not a ‘Liberating’ Currency Like Bitcoin: Forbes
The CEO of OptDyn, Alex Karasulu, stated that Libra is not a liberating currency like other cryptocurrencies, but it’s still a much better version than Paypal. The blockchain currency, Libra, operates a bit different from other blockchain currencies. äàëüøå »
2019-10-11 19:12
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Facebook and Calibra sued in NY court for trademark infringement
Facebook and Calibra gets sued by Plaintiff Finco Services for trademark infringement, unfair competition and “false designation of origin” under the U. S. Lanham Act. In addition to alleging copy of Calibra swirly tilde logo, the accusing party also seek preliminary and permanent injunctive relief , which may force Calibra to stop using the current trademark. äàëüøå »
2019-10-11 17:03
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