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Facebook’s David Marcus Justifies Building A Blockchain Payments Network Vs Traditional Banking System
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. дальше »
2019-9-26 19:16 | |
U.S. Congress Hearing With the SEC: The Journey So Far
Coinspeaker U. S. Congress Hearing With the SEC: The Journey So FarThe earlier proposed hearing by the Committee on Financial Services began with the SEC and tackled several issues regarding cryptocurrency, the SEC’s function, Facebook’s Libra, as well as blockchain technology. дальше »
2019-9-25 12:42 | |
IBM exec stresses on tokenization of assets; says Facebook’s entry brings legitimacy to underlying tech
In a recent talk with CNBC, Jason Kelley, IBM’s general manager of blockchain services said that the subject of crypto should be kept aside, and tokenization of assets should be brought to focus. According to IBM exec, the need of the hour was to distinguish between talk of cryptocurrencies and “tokenization” of assets. дальше »
2019-9-23 20:30 | |
IBM Open to Collaboration with Facebook on Libra Project
IBM is open to collaborating with the Libra project by Facebook, said Jason Kelley, IBM general manager of blockchain services. Kelley believes blockchain is about collaboration between projects, he commented in a CNBC interview. дальше »
2019-9-23 16:00 | |
Businesses can now schedule Instagram posts and IGTV videos with Facebook — here’s how
Welcome to TNW Basics, a collection of tips, guides, and advice on how to easily get the most out of your gadgets, apps, and other stuff. Earlier this week, Facebook released a new update for its Creator Studio, allowing businesses on the platform to schedule Instagram posts and IGTV videos up to at least six months in advance. дальше »
2019-9-21 12:00 | |
Marcus Defends Libra Cryptocurrency in Latest Bid to Woo Central Banks
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. дальше »
2019-9-16 18:00 | |
Facebook's Crypto Libra Isn't Getting Away With Measly Swiss Payments License
Switzerland’s financial regulator has indicated that Facebook’s cryptocurrency project Libra will be required to meet additional requirements besides getting a payment system license prior to starting operations. дальше »
2019-9-12 18:01 | |
Facebook’s Libra Set to Register as Payment System in Switzerland
Coinspeaker Facebook’s Libra Set to Register as Payment System in SwitzerlandFacebook’s Libra cryptocurrency project is seeking a Swiss payment system license, financial watchdog FINMA said, noting the breadth of the planned services would require broad oversight. дальше »
2019-9-11 13:20 | |
Crypto-forensics firm Elliptic raises $23 million in fundraising; plans to track Facebook’s Libra
Elliptic, a blockchain analytics firm, has steered the attention of the crypto-community after it raised $23 million for tracking cryptocurrencies. By delivering these tracking services, the firm claims to empower financial institutions by helping them distribute and deliver trusted services across the cryptoverse. дальше »
2019-9-4 10:39 | |
Facebook Hires Lobbying Firm in the Face of Regulatory Uncertainty
In a bid to conquer the regulatory challenges and uncertainties surrounding Facebook’s yet-to-be-launched Libra cryptocurrency, the highly controversial social media giant has employed the services of Washington-based lobbying firm named FS Vector, reports O’Dwyer’s on August 26, 2019. дальше »
2019-8-28 11:00 | |
Switzerland Meeting Does Little To Quell Libra Doubts
Last week, six members from the US House of Representatives’ Financial Services Committee met with Swiss regulators, including the Federal Data Protection and Information Commissioner and the Financial Market Supervisory Authority, to discuss Facebook's Libra project. дальше »
2019-8-27 19:31 | |
Congresswoman Maxine Waters “Still Concerned” About Facebook’s Digital Currency Plans
Facebook’s ambitious cryptocurrency project, Libra, continues to face regulatory approvals, as on August 25, 2019, the chair of the U. S. House Financial Services Committee (HFSC), Congresswoman Maxine Waters said that she’s “still concerned” about blue and white social media giant’s digital currency plans. дальше »
2019-8-27 19:00 | |
Facebook’s WhatsApp Plans to Launch Mobile Payments in Indonesia
Coinspeaker Facebook’s WhatsApp Plans to Launch Mobile Payments in IndonesiaFacebook Inc further extends its reach towards establishing its dominance in the Asian market. Having that it’s instant-messaging app – WhatsApp partners with multiple Indonesian digital payment firms to offer their mobile transaction services. дальше »
2019-8-21 15:55 | |
Facebook’s Libra to Dominate Discussions during U.S. Lawmakers’ Visit to Switzerland
Coinspeaker Facebook’s Libra to Dominate Discussions during U. S. Lawmakers’ Visit to SwitzerlandThe U. S. House Financial Services Committee delegation plans to visit Switzerland to exchange views about Facebook’s Libra with the Swiss FDPIC Adrian Lobsiger. дальше »
2019-8-20 17:38 | |
Facebook paid people to listen to and transcribe your voice clips
Facebook doesn’t need any more bad press, but here we go again. According to a report by Bloomberg, the company paid hundreds of contractors to transcribe audio snippets from your conversations within its services – without making it sufficiently clear these clips were being recorded. дальше »
2019-8-14 00:28 | |
Here’s how anonymized personal data should be used to create better services
Ask anyone their opinion on companies using their data and the response will almost always be negative. It’s not surprising; revelation after revelation has revealed that the likes of Google and Facebook not only profit off of user data, but are often reckless or intrusive in the way that they do so. дальше »
2019-8-12 23:13 | |
Walmart’s coin could gain approval from regulators easier than Libra, says top investment bank
Walmart’s prospective USD-backed stablecoin should be looked upon more favorably by regulators than Facebook’s Libra, according to U. S. investment banking and financial services company, Cowen, Bloomberg reported. дальше »
2019-8-6 12:57 | |
Monex Group Interested in Joining Facebook’s Libra Consortium
Oki Matsumoto, President of Monex Group, a Japan-based financial services company backing the Coincheck cryptocurrency exchange, is interested in participating in Facebook’s Libra cryptocurrency project and has submitted an application to that effect, according to a Reuters Japan report on July 26, 2019. дальше »
2019-7-28 23:00 | |
India doesn’t want WhatsApp sharing your payment data with Facebook
Even as WhatsApp readies to launch its mobile payment service in India later this year, the government is concerned about its privacy and security ramifications. “Indian authorities are concerned that WhatsApp‘s payment service might share user data with group companies Facebook and Instagram, compromising the security, privacy and non-commercial information of its subscribers,” according to a report from the Economic Times. дальше »
2019-7-26 09:40 | |
EU and US Crypto Regulations Show a Stark Contrast
Facebook's decision to enter into the realm of financial services spurred lawmakers around the world into action, necessitating a discussion of EU and US crypto regulations, which are very different from each other. дальше »
2019-7-23 17:11 | |
Breaking Down The Facebook Libra Hearings
Facebook’s libra is under the scrutiny since pretty much everyone is freaking out that a company that’s run by a fun-sized Chucky doll is jumping in the cryptocurrency water. Watch the video to see the latest news on Facebook Libra hearings at House Financial Services Committee. дальше »
2019-7-20 21:57 | |
Libra is Not Bitcoin, CoinShares Exec Testifies Before US Congress
Facebook cryptocurrency Libra is an imitator of Bitcoin, Meltem Demirors of CoinShares testified before the US Congress on Wednesday. The chief strategy officer appeared before the House Financial Services Committee to explain the difference between Bitcoin and thousands of cryptocurrency projects that takes inspirations from it. дальше »
2019-7-18 16:00 | |
Facebook's House Committee Focuses Heavily On What Exactly Libra Is
With yesterday's Senate hearing centering on lawmakers' distrust of Facebook, the social media giant's House Financial Services Committee hearing focused much more on what exactly Libra is and saw regulators speaking in a surprisingly positive manner about Bitcoin. дальше »
2019-7-18 00:08 | |
Rep. Patrick McHenry: Libra Can be killed, But You Can’t Kill Bitcoin
US congressman Patrick McHenry was a guest at CNBC’s Squawk Box where he weighed in on Facebook’s Libra and bitcoin following Libra’s hearing before the Senate at Capitol Hill. Patrick presently represents the 10th District of North Carolina and is also a ranking member of the Financial Services Committee. дальше »
2019-7-18 20:54 | |
Facebook Hawks Libra as Western Union 2.0 Amid Capitol Hill Slugfest
House Financial Services Committee Chairwoman Maxine Waters has been on a crusade against Facebook’s entry into cryptocurrency via the Libra project. Her rampage continued on Wednesday during a second day of congressional hearings devoted to Libra. дальше »
2019-7-18 20:40 | |
Watch: Facebook’s Crypto Chief Suffers Brutal Senate Backlash
The US Senate Committee on Banking, Housing, and Urban Affairs held a hearing on Facebook’s Libra project this morning, with Facebook crypto chief David Marcus in the hot seat. After a lengthy introduction by Idaho Senator Mike Crapo in which he called Facebook’s aims “commendable,” the committee discussed the potential ramifications of Facebook banking services. дальше »
2019-7-17 20:20 | |
“Keep Big Tech Out of Finance Act” proposes $1 million per day fine on large tech companies acting as financial institutions
A recent bill, “Keep Big Tech Out Of Finance Act,” recommends prohibiting giant tech firms from serving as financial institutions or launching their own cryptocurrency. Likely geared toward Facebook, the bill was reviewed by Democrats that oversee the House Financial Services Committee. дальше »
2019-7-16 18:38 | |
‘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. дальше »
2019-7-16 18:00 | |
US Committee Plans to Ban Facebook Cryptocurrency Libra
The House Financial Services Committee in the United States is set to discuss the future of Facebook’s upcoming cryptocurrency, Libra, on Tuesday. The head of the committee, Democratic Congresswoman Maxine Waters, last week proposed legislation which details rules that would ban Facebook and other technology firms from developing and launching financial services. дальше »
2019-7-16 15:00 | |
With Facebook’s Libra Congress Hearings Imminent, Will Bitcoin Price Plummet or Foray Higher?
Facebook’s Libra has been knee-deep in criticism ever since it was unveiled. Another hurdle that Facebook is currently facing is testifying during US governmental hearings. David Marcus, the head of the Calibra wallet, will be testifying before the Senate Banking Committee and the House Financial Services Committee on Tuesday 16th and Wednesday 17th respectively. дальше »
2019-7-16 10:24 | |
U.S Government Seeks to Ban Facebook, Others, from Financial Services including Cryptocurrency
In what can only be interpreted as a crackdown on the growth of digital assets in the United States, the House Financial Services Committee’s Democratic majority is currently circulating a new proposal for discussion. дальше »
2019-7-16 20:08 | |
Why Congress’ New Draft Bill Is Bullish For Bitcoin
US lawmakers are mulling a new bill that will boost bitcoin and prohibit tech monopolies from launching their own cryptocurrencies. The draft discussion has surfaced ahead of Facebook’s scheduled congressional hearing this week on the Calibra crypto project. дальше »
2019-7-14 15:00 | |
Facebook’s Libra crossed the Atlantic to Switzerland for regulatory certainty, claims US Congressman
Facebook crossed the Atlantic, leaving US Congressmen pointing fingers. Libra, the cryptocurrency project launched by Facebook could be left in the docks before it sets sail for Switzerland. After running into harsh winds at the hands of Jerome Powell, Federal Reserve Chair during his hearing before the House Financial Services Committee, the prospects for Facebook […] The post Facebook’s Libra crossed the Atlantic to Switzerland for regulatory certainty, claims US Congressman appeared first on AMBCrypto. дальше »
2019-7-11 18:30 | |
Altcoins fall below key support levels
The cryptocurrency market crashed by a strong margin with many altcoins falling below key levels. At press time, the collective market cap stood at $311 billion. The latest bearish trend came right after the US Federal Reserve chairman, Jerome Powell’s latest comment before the US House of Representatives Financial Services Committee, where he warned that Facebook’s Libra […] The post Altcoins fall below key support levels appeared first on AMBCrypto. дальше »
2019-7-11 11:00 | |
Facebook Assures Senate Committee That They Will Play by the Rules
David Marcus, the head of Calibra, wrote a letter to the House Financial Services Committee solidifying Facebook’s stance that they will ensure customer privacy and are taking their time to roll out Libra, allowing it to be done correctly, as reported by The Hill. дальше »
2019-7-10 13:00 | |
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. дальше »
2019-7-4 00:00 | |
US Congress Requests Moratorium on Facebook’s Libra Stablecoin
The U.S. House of Representatives Committee on Financial Services requested that Facebook imposes a moratorium on the development of its stablecoin
дальше »2019-7-4 20:58 | |
4 US House Reps Open Letter: Facebook’s Libra Has ‘Serious Privacy and Monetary Policy Concerns’
As many of our regular readers may already be aware of, Maxine Waters — Chair of the House Financial Services Committee — recently called for a meeting to discuss the development of Libra, Facebook’s much-hyped cryptocurrency offering. дальше »
2019-7-3 16:29 | |
New Jefferies Survey Shows Users In The US Unlikely To Use Facebook’s Libra Cryptocurrency
According to a recently released research conducted by the financial services company Jefferies, U.S. social media users are unlikely to use Facebook’s new virtual currency Libra. The survey included more than 600 participants and 80% of them answered that they were “unlikely” or “very unlikely” to use the digital asset released by Facebook. Will US […] дальше »
2019-7-2 17:32 | |
Facebook’s Libra might not be as welcome as previously thought, reveals survey
The introduction of Facebook’s Libra and its corresponding whitepaper has hyped regulators left and right, with many in the U. S and E. U asking Facebook to withhold any and all development, until after the regulators had finished analyzing the effects of the digital coin. дальше »
2019-7-2 16:30 | |
Calibra Begins BitLicense Application Process
Calibra, the Facebook subsidiary that will develop the Libra wallet, has registered as a money services business with the US Financial Crimes and Enforcement Network, applied for US money transfer licenses, and has now begun the process to receive the coveted BitLicense from the New York State Department of Financial Services. дальше »
2019-7-2 22:00 | |
Facebook’s Project Libra Gets Demolished By BitMEX’s Op-Ed By CEO Arthur Hayes
Facebook has recently released a new project called Libra that aims at helping users transact funds between borders, make payments and purchase things, including goods and services. However, there are many crypto enthusiasts that are not so excited about Facebook’s new project. дальше »
2019-6-29 01:36 | |
WhatsApp tests letting you share your Status to Facebook and other apps
Though WhatsApp is owned by Facebook, plenty of the app’s users are happy to ignore the fact the big blue parent network exists. Somewhat surprisingly, Facebook has been content to let WhatsApp do its own thing since its $19 billion purchase back in 2014. дальше »
2019-6-27 03:04 | |
US Congress Calls For Second Hearing on Facebook’s Libra in July
Coinspeaker US Congress Calls For Second Hearing on Facebook’s Libra in JulyThe chairwoman of the House Financial Services Committee Maxine Waters announced that the panel will hold the second hearing next month on Facebook’s plan to develop a cryptocurrency-based payments platform Libra. дальше »
2019-6-25 11:04 | |
The Mother of Central Banks Sounds the Alarm on Facebook's Cryptocurrency Libra
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. дальше »
2019-6-25 16:18 | |