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Africa could emerge as the battleground between Facebook and China as digital currency race heats up
Ever since Facebook announced its plans to launch its own cryptocurrency, the world’s regulatory and financial space hasn’t been the same. However, the news cycle about Libra was soon overtaken by lawmakers and regulatory bodies voicing their grave concerns about the same, while also highlighting Facebook’s own problematic history. дальше »
2019-8-21 20:30 | |
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European Union’s Commission Branch Expresses Worry About Facebook’s Libra Monopoly Money
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. дальше »
2019-8-21 23:58 | |
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Why Winklevoss Twins Say Trust In Libra Cryptocurrency, Not Facebook
It’s been over a month since Head of Calibra, David Marcus faced a grilling at the hands of the Senate Committee. And considering Facebook’s track record on misuse of personal data, many predicted that Marcus would be walking into an inquisition. дальше »
2019-8-21 23:03 | |
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Facebook’s Libra testnet available now on ZenGo
Social media giant Facebook has been under the spotlight for quite some time, following its entry into the crypto world with its coin Libra. In recent news, six lawmakers from the U. S. are said to visit Switzerland to further discuss the launch of the cryptocurrency. дальше »
2019-8-19 21:35 | |
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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 | |
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Google stops sharing your network data with carriers over privacy concerns
For once, Google is putting an end to a data collection practice before it attracts closer inspection from lawmakers and regulators. Reuters is reporting that Google has shut down its Mobile Network Insights service over concerns that “sharing data from users of its Android phone system might attract the scrutiny of users and regulators. дальше »
2019-8-19 15:42 | |
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Libra made lawmakers uncomfortable as they feared losing dollar dominance, suggests ShapeShift’s Voorhees
Cryptocurrency exchange ShapeShift is celebrating its 5-year anniversary and Erik Voorhees the founder and CEO of the exchange recently echoed his thoughts through a podcast by Epicenter, about the several happenings in the crypto ecosystem. дальше »
2019-8-14 10:21 | |
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Amazon’s facial recognition mistakenly labels 26 California lawmakers as criminals
As government agencies continue to push for the deployment of facial recognition systems, you needn’t look far to see why that’s bad news. To illustrate the point, the ACLU conducted a test of Amazon’s Rekognition software — facial recognition tech currently being used by US law enforcement — in which it incorrectly identified 26 California lawmakers as matches in a criminal database. дальше »
2019-8-14 02:13 | |
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Indian Firms Big on Blockchain But Gov’t Still Myopic on Crypto
It appears that the Indian government is mirroring China’s movements with regards to blockchain and cryptocurrency. A huge project by Indian mobile network operator, Reliance Jio, plans to roll out the country’s largest blockchain platform, yet lawmakers remain myopic about cryptocurrency. дальше »
2019-8-12 14:00 | |
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Could Britain’s Brexit Boost Bitcoin to New All-Time Highs?
A number of fundamentals have been driving Bitcoin in recent weeks, such as the escalating US China trade war and the UK’s exit from the EU. Some analysts foresee a new all-time high for BTC on the back of one of these events. дальше »
2019-8-10 14:00 | |
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Monero’s Riccardo Spagni claims Facebook’s Libra undermines privacy
It hasn’t been a bed of roses for Facebook as it continues to struggle with regulations to enter the world of cryptocurrencies. A host of hearings and proposed regulations by lawmakers has got the cryptoverse anxious about the future of the social media giant’s crypto-project. дальше »
2019-8-9 11:30 | |
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Technology and the cobra effect: why big breakthroughs rarely deliver what they promise
New tech is always well-intentioned, but good intentions are no longer good enough. Technology is advancing at an insane rate, often faster than lawmakers and the general public can keep up. Accordingly, by the time we realize the complex ripple-effect of a new technology, it’s so deeply embedded into our culture that there isn’t much we can do about it. дальше »
2019-8-9 19:51 | |
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South Korea: Strict Cryptocurrency Regulations Might Scupper Blockchain Busan “Safe Habor”
South Korea’s tough cryptocurrency regulations might hamper the city of Busan from successfully having a regulatory-free zone for blockchain and cryptocurrencies, according to a report by Korea ITTimes on August 6, 2019. дальше »
2019-8-7 09:00 | |
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US Lawmakers Might Be A-OK With Walmart's Crypto Plans
Following reports that Walmart may be interested in developing a cryptocurrency, Jaret Seiberg, senior policy analyst at investment banking corporation Cowen, stated that the company's domestic plans for its own crypto might appeal to US lawmakers more than Facebook's global plan for Libra. дальше »
2019-8-7 19:32 | |
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Facebook Crypto Plans Floundering as Global Regulatory Pressure Mounts
Following a couple of weeks of outright lambasting by US lawmakers, Facebook’s Libra crypto project appears to be cracking at the seams before it even gets off the ground. A fresh round of regulatory pressure has piled on this week from concerned countries around the world. дальше »
2019-8-6 16:00 | |
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Cardano’s Charles Hoskinson likens government’s crypto-involvement to the Chernobyl disaster
Cardano’s Charles Hoskinson shared his insights on Facebook’s latest crypto-venture, Libra, and the government’s intervention, in his latest AMA session. Over the past few weeks, Facebook’s Libra has faced a barrage of criticism from lawmakers, further delaying the launch of the coin. дальше »
2019-8-6 08:45 | |
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Proof Of Stake Alliance Forms To Educate Lawmakers On Blockchain Tech
A group of blockchain startups have formed the Proof of Stake Alliance to educate regulators on blockchain tech and the proof-of-stake consensus algorithm, as well as lobby for clearer taxation policies on staking rewards. дальше »
2019-8-2 19:18 | |
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U.S.: Legislation Realizes Bitcoin Is Harder To “Ban” Than They Thought
Despite the fears of some that regulations would be the reason why cryptocurrency falls, and the “bubble” pops, an article by Forbes published on July 30th, 2019 reports that U. S. lawmakers have finally concluded that this wouldn’t be possible. дальше »
2019-8-1 15:00 | |
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US Congressional Hearings: Lawmakers Acknowledge A Bitcoin Ban Is Impossible, Even If They Tried
Bitcoin has seen an impressive bull run this year, rising by more than 200% from 2018 lows. However, since Facebook unveiled plans to develop its own digital currency, Libra and regulators poured cold water on these plans, bitcoin has been bearing the brunt of increased scrutiny by lawmakers. дальше »
2019-7-31 18:16 | |
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India, U.S. Governments Move to Rein in Facebook, Libra Cryptocurrency Project
The Facebook Libra cryptocurrency project is facing pushback from Indian lawmakers. According to Economic Affairs Secretary Subhash Garg, the firm’s digital currency is privately-controlled and this fact alone makes the… The post India, U. дальше »
2019-7-30 18:14 | |
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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 […] дальше »
2019-7-30 17:06 | |
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U.S-based crypto-companies losing competitive edge, claims Circle CEO as testimony before U.S Senate dawns
The ongoing battle between U. S lawmakers and popular crypto-proponents is set to write yet another chapter. Circle CEO Jeremy Allaire is one such proponent and he’ll be testifying before the U. дальше »
2019-7-30 16:21 | |
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Facebook Could ‘Pull The Plug’ On Libra, New Statement Reveals
Since Facebook’s announcement of its plan to launch a global currency in the form of a cryptocurrency called Libra, financial regulators across the world have spat fire and brimstone at the social media company. дальше »
2019-7-30 16:12 | |
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Ripple CEO to Congress: “Support Regulations That Prop US Companies”
It is expected that most US lawmakers will always be bitter no coiners. The political class derives their superiority from the powers of the state. The power of the USD gives the state its mandate.... дальше »
2019-7-29 19:45 | |
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Ripple CEO Praises Central Banks in US Congress Open Letter
Ripple, the entity notionally behind cryptocurrency XRP, has asked US lawmakers for more advantageous regulation, saying it is “serving the greater good. ” Ripple Wants To ‘Serve Greater Good’ In an open letter to Congress ahead of a fresh hearing on crypto and blockchain policy July 30, CEO Brad Garlinghouse requested politicians not apply a one-size-fits-all approach to the industry. дальше »
2019-7-29 15:00 | |
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Research Shows the U.S Dollar has been used to Launder Money 800x more than Bitcoin
The cryptocurrency industry has faced a lot of resistance mainly from governments of the globe for several reasons. One of the main reasons given is that cryptocurrencies can be used for money laundering and lawmakers have proposed a complete ban several times. дальше »
2019-7-27 01:03 | |
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Fake Libra Ads, Websites ‘Offering’ Facebook’s Cryptocurrency At A ‘Discount’
Facebook’s cryptocurrency project has been heavily scrutinized by governments throughout the world. Regulatory authorities have asked the American social media firm to provide more information regarding its crypto project, while some lawmakers have requested that... дальше »
2019-7-24 13:44 | |
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Facebook Accused of Moving Fast to “Break Things” During Senate Hearing
Libra project head, David Marcus, has had the uphill task of mollifying skeptical lawmakers. Appearing before the Senate Banking Committee hearing earlier this week, the former PayPal executive was in… The post Facebook Accused of Moving Fast to “Break Things” During Senate Hearing appeared first on CoinCentral. дальше »
2019-7-24 22:06 | |
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Ripple’s Brad Garlinghouse breaks down patent filed by Bank of America and Facebook Libra’s effect
Brad Garlinghouse, CEO of Ripple, has been very vocal about his views on the Libra’s Senate hearing where David Marcus was grilled by lawmakers from all across the U. S. He has also expressed his views on David Marcus’s comments on Western Union and how it was a call-to-action for banks. дальше »
2019-7-23 18:30 | |
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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 | |
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The Crypto and Libra world should get over the idea that U.S. Dollar is a stable currency, says George Gilder
Former director of U. S. Mint, Ed Moy, and American investor and economist, George Gilder, debated the nature of sound money and how Bitcoin and other cryptocurrencies, including Facebook’s Libra, compare to it. дальше »
2019-7-23 04:00 | |
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Circle Shifts Exchange Operations to New Bermuda Office
As the U. S. lawmakers and the Treasury Secretary consider implementing stringent regulations against cryptocurrency, Circle has packed its bags and moved offshore to Bermuda. Circle Moves to Evade Oppressive Regulation As regulatory pressure continues to stack up against cryptocurrency companies, Circle has announced that it is moving nearly 100% of its exchange operations offshore. дальше »
2019-7-23 22:15 | |
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Crypto Bullishness Spreads on Capitol Hill
U. S. Congress has shown that it is starting to care about cryptocurrency as a number of lawmakers spoke up in favor of it this week. “The world Satoshi Nakamoto had envisioned is an unstoppable force” and “there’s no capacity to kill bitcoin” are some of the comments made by lawmakers. дальше »
2019-7-21 13:45 | |
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Blockchain Advocates In Washington DC: Facebook Had “Fabulous” Timing
Say what you like about Mark Zuckerberg, but he certainly knows how to get attention. After six years of blank stares and regulatory shrugs, decentralization and privacy are now the talk of the town in Washington, and lawmakers are finally devoting their attention to what was once an obscure technological fad. дальше »
2019-7-21 18:01 | |
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Bank of Thailand’s Governor claims appointment of special task force to weigh pros and cons of Libra
Facebook’s Libra has been at the center of scrutiny and skepticism among policymakers from around the globe. Many have even gone on to ask for a complete halt of the project, including many lawmakers during the two-day Congressional hearing. дальше »
2019-7-20 03:30 | |
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Tom Lee Is Afraid Trump will Institute a Bitcoin Ban
Fundstrat Lead Analyst Thomas Lee shared his worst nightmare on Twitter and it involved the U. S. President placing a ban on Bitcoin. Is Libra Dragging Bitcoin Down? As the US Congress and Senate hearings on Facebook’s Libra cryptocurrency wrapped up, members of the Trump administration shifted their gaze onto Bitcoin and cryptocurrency as a whole. дальше »
2019-7-19 09:32 | |
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Bitcoin Isn’t Going Away – What Congress Needs to Understand About Cryptos
With Libra under intense scrutiny, U. S. lawmakers are having to understand the difference between bitcoin and Facebook’s crypto project. Bitcoin is Already a Regulated Space Speaking to CNBC, Meltem Demirors, Chief Strategy Officer (CSO) at CoinShares, highlighted the already regulated nature of the bitcoin space. дальше »
2019-7-19 23:00 | |
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‘Libra Is Screwed’: Industry Insiders Ring Death-Knell for Facebook’s Crypto
Blockstream chief strategy officer Samson Mow pulled no punches with Facebook’s much-hyped crypto, Libra. He is not the first industry insider to criticize the planned crypto launch, both industry experts and lawmakers are voicing concerns over the security of the open-source currency, and the potential censorship issues that come from the way it is being […] The post ‘Libra Is Screwed’: Industry Insiders Ring Death-Knell for Facebook’s Crypto appeared first on CCN Markets дальше »
2019-7-18 13:27 | |
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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 | |
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Libra’s So Terrifying It’s Making Congress Suddenly Embrace Bitcoin
I never thought I’d see a high-ranking politician stand up and declare, “I like bitcoin. ” But that’s exactly what just happened. House Minority Leader Kevin McCarthy practically sung bitcoin’s praises this week. дальше »
2019-7-18 17:40 | |
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Bitcoin Gets a Skip at U.S. Senate Hearing on Facebook Libra, BTC Price Dives Below $10K
Coinspeaker Bitcoin Gets a Skip at U. S. Senate Hearing on Facebook Libra, BTC Price Dives Below $10KReceiving no attention at the senate hearing on Tuesday, Bitcoin price tanked over 10% on Tuesday. дальше »
2019-7-17 10:50 | |
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