2019-10-31 22:58 |
France, Germany, Italy, Spain and the Netherlands have teamed up to encourage the European Union to ban Libra altogether, a new report says
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ANZ Research recently published its report on China’s de-dollarization, Libra and RMB globalization; a report which said that while China still allocates a high share of its foreign exchange reserves to USD (estimated at around 59% as of June 2019), it is likely to speed up the pace of diversifying into other currencies as time […] The post Facebook’s Libra could be both a yuan competitor, and a yuan enhancer appeared first on AMBCrypto.
2019-10-29 19:00 | |
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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 […]
2019-10-23 21:36 | |
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Calibra CEO David Marcus reportedly said that Libra would be open to using national fiat-pegged stablecoins at a banking seminar on Sunday
2019-10-21 00:30 | |
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According to a recent report, Indian Minister of Finance and Corporate Affairs, Nirmala Sitharaman said that many countries had advised against rushing into cryptocurrency while addressing questions on Facebook’s Libra during the annual meeting of the International Monetary Fund and the World Bank.
2019-10-20 09:22 | |
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Leaders of G20 met on Friday, and have reportedly agreed to set strict regulations for stablecoins like Facebook’s Libra. They warned that the issuance of stablecoins should disallowed until the risks they pose to global economies are addressed.
2019-10-19 14:30 | |
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Coinspeaker G7 Says that Bitcoin Failed but Libra Poses Threat to Financial StabilityG7 has just recently released a report addressing a long list of concerns it has with global stablecoins like Libra.
2019-10-19 22:29 | |
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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.
2019-10-19 22:19 | |
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A new report says bitcoin has failed as a means of payment or store of value, but stablecoins like Libra are a risk to financial stability.
2019-10-18 12:10 | |
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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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David Marcus, the Facebook Inc. representative spearheading the Libra cryptocurrency project is hopeful that despite the recent jolts to the Libra Association, the ambitious digital currency initiative will attract more firms as regulatory uncertainties get clearer.
2019-10-16 18:00 | |
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Facebook’s proposed digital currency, Libra, appears to have forced the US Federal Reserve to reconsider the idea of issuing its own purely digital means of payment. The issue is expected to be a hot topic at meetings of the International Monetary Fund and World Bank this week.
2019-10-16 03:18 | |
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Following the departure of some early backers from the Libra Association, a slew of organizations have indicated interest in becoming a part of the Libra crypto project. Apart from new companies showing interest in Facebook’s virtual currency project, the Libra Association made new appointments according to a report from TechCrunch.
2019-10-16 01:00 | |
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Not exactly unfamiliar with recurring setbacks, Libra, Facebook’s maiden venture into the cryptocurrency space seems to have hit yet another roadblock. In fact, the repercussions from this new setback could be even existential — or so it seems if we go by the content of a new G7 report, as seen by BBC.
2019-10-15 06:18 | |
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Facebook has just lost another friend in its fight to take the Libra project forward. Booking Holdings Inc, one of the most important corporations in the world of online tourism, has withdrawn from the Libra Association, according to a report published by Bloomberg.
2019-10-15 19:25 | |
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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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In a letter to Visa, Mastercard, and Stripe, Senate Democrats Sherrod Brown and Brian Schatz have asked the companies to reconsider their involvement with Facebook’s controversial Libra cryptocurrency project.
2019-10-10 01:00 | |
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Facebook’s troubled cryptocurrency project Libra continues to find itself slipping further down in a seemingly bottomless pit of controversy. Less than a week after losing a key founding partner in PayPal, Libra’s credibility as a decentralized digital currency has now come under the scanner.
2019-10-9 17:15 | |
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Facebook’s Chief Operating Officer, Sheryl Sandberg, is scheduled to appear before the U. S. House Committee later in October to discuss the Libra cryptocurrency. However, according to a report by The Information on October 4.
2019-10-4 15:49 | |
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Facebook CEO Mark Zuckerberg is facing pressure to testify before U.S. lawmakers on the firm's cryptocurrency project Libra.
2019-10-4 12:03 | |
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PayPal no show at Facebook’s Libra meeting sparks cold feet rumors
2019-10-4 09:52 | |
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PayPal might pull out of the Facebook-led Libra project, according to a Financial Times report.
2019-10-4 01:00 | |
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David Marcus, the man in charge of getting Facebook‘s controversial ‘cryptocurrency‘ Libra off the ground, has fired back at a Wall Street Journal (WSJ) report that claimed MasterCard, one of the project‘s backers, was thinking about potentially pulling out.
2019-10-2 20:06 | |
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Visa, Mastercard, and other early Libra Association members are having second thoughts about their involvement with Facebook’s ‘cryptocurrency’. The change of heart follows widespread international regulatory concerns, according to a report in the Wall Street Journal.
2019-10-2 12:22 | |
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Facebook’s cryptocurrency Libra has been in hot water ever since the social media giant released the whitepaper earlier this year. Central banks and governments across the globe have put together a concerted effort against Libra, putting Facebook executives in the dock time and again as they fear that the social media giant is out to […] The post Facebook Crypto Libra Crumbling as Visa, Mastercard Consider Quits: Report appeared first on CCN.com
2019-10-2 11:06 | |
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Major Libra backers are backing out of the Facebook-led cryptocurrency effort, according to a WSJ report.
2019-10-2 04:51 | |
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A Bloomberg report published on September 27, 2019, claims that multi-billion social media giant Facebook Inc. is in talks with a prominent congressional committee for its Chief Operating Officer (COO) Sheryl Sandberg to testify as soon as the next month.
2019-9-28 23:00 | |
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Libra, one of the most aspirational projects of Facebook which would propel it in the financial demographics and crypto banking services has run into a number of roadblocks ever since its announcement.
2019-9-27 15:56 | |
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Facebook has reportedly revealed the percentage breakdown of the basket of global currencies that will underpin its Libra cryptocurrency.
2019-9-23 07:15 | |
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Facebook’s Libra, which is gunning to launch in 2020 despite major pressure from regulators world over, has lifted the lid on its crypto-project and revealed the fiat currencies that would constitute Libra’s ‘basket of reserves.
2019-9-21 12:00 | |
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While the crypto-community strives to initiate mass adoption of cryptocurrencies by developing better use cases, Dutch-based banking group ING, asserted in a recently released report that cash is here to stay and mass adoption of crypto is highly unlikely.
2019-9-19 01:30 | |
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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 French Finance Minister has vehemently stated that Facebook’s cryptocurrency, Libra, would not be given a chance to develop on European soil. According to a report by RT on September 12, 2019, Facebook’s cryptocurrency is risky for the European market.
2019-9-13 03:31 | |
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Fresh reports have revealed that France wants to block Facebook’s Libra cryptocurrency in Europe. Meanwhile, financial regulators in Switzerland say they are open to international cooperation in the creation of a regulatory framework for the proposed cryptocurrency project.
2019-9-12 14:30 | |
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The French finance minister has said the nation plans to block Facebook's Libra cryptocurrency in the EU over its threat to national currencies.
2019-9-12 12:35 | |
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Facebook’s Project Libra has applied for a payment system license from the Swiss Financial Market Supervisory Authority (FINMA). FINMA says Libra’s service offerings will, however, require a broader oversight that would include operational risks, liquidity and more, according to a Reuters report on September 11, 2019.
2019-9-12 09:00 | |
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Facebook reportedly included the Singapore dollar but not the Chinese yuan in an updated list of currencies meant to back the Libra stablecoin.
2019-9-11 12:00 | |
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Facebook has reportedly provided the U.S. Senate with details regarding the backing reserves for its Libra stablecoin
2019-9-11 01:50 | |
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China’s state-backed digital currency is almost ready for launch, but apart from the fact that it would act as a stablecoin pegged against the country’s national currency, there is not much information on the project.
2019-9-6 10:41 | |
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Coinspeaker Amazon Will Likely Announce Cryptocurrency to Threaten Facebook’s Libra: ReportEven though Amazon is yet to announce any plans for its own digital assets, a new report which surveyed opinions from several analysts, has claimed that Amazon is very likely to announce a Libra competitor.
2019-9-3 18:05 | |
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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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After the future of Libra was put in doubt, a number of projects have announced their intent to bring the same vision to life. A Bloomberg report details how top brass at Binance are confident of their ability to successfully launch Venus, with little friction from regulators, August 29, 2019.
2019-8-31 15:00 | |
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Switzerland National Bank’s (SNB) Vice Chairman, Fritz Zurbruegg has revealed that the apex bank is currently holding serious talks with relevant authorities across the globe concerning Facebook’s global cryptocurrency project, Libra, according to a Reuters report on August 27, 2019.
2019-8-28 19:00 | |
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Through a partnership with the HackerOne bug bounty platform, the Libra Association is inviting the public to report vulnerabilities in the Libra network code, offering a max reward of $10,000.
2019-8-28 18:44 | |
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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.
2019-8-27 19:00 | |
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A new report by CipherTrace provides insight into the state of the global crypto asset markets. The ‘Q2 2019 Cryptocurrency Anti-Money Laundering Report’ says a growing global regulatory response and the entry of Facebook’s Libra were significant events last quarter.
2019-8-24 22:00 | |
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Facebook‘s ‘cryptocurrency’ Libra may be in even deeper trouble than we thought if a recent report is anything to go by. According to the Financial Times, it seems that some of Facebook‘s early backers have been spooked by increasing regulatory scrutiny.
2019-8-23 14:41 | |
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Several backers of Facebook's Libra cryptocurrency project are said to be considering backing out due to growing "pushback" from regulators.
2019-8-23 12:42 | |
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Authorities in Austria, along with counterparts in three other nations, have taken decisive action against an online scam masquerading as a new cryptocurrency venture. In a press release on May 8, the European Justice for Criminal Justice Corporation disclosed the…
The Bank of England is introducing sweeping regulations for stablecoins and digital currencies, but some lawmakers question whether a digital pound is needed at all.
The Belgian government has announced plans to expedite the development of a European blockchain infrastructure during its EU Council presidency in early 2024. The proposal aims to enhance the secure management and storage of official documents, including driving licenses and…
The proposed guidelines are currently in the public consultation phase for the next three months and, if approved, will come into effect starting in June 2024.
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The summit scheduled for Nov. 1–2 will place significant emphasis on the potential existential threat that AI represents, a concern shared by several legislators.