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Switzerland’s FINMA clarifies its stand on stablecoins soon after Facebook’s Libra pursues a payment license
On 2 May 2019, Facebook had registered a new company, Libra Networks, in Geneva, a step that turned out to be the company’s first move into the blockchain space. Recently, The Libra Association, the non-profit organization behind Facebook’s Libra cryptocurrency project, announced that it is pursuing a payment system licence from the Swiss Financial Market […] The post Switzerland’s FINMA clarifies its stand on stablecoins soon after Facebook’s Libra pursues a payment license appeared first on AMBCrypto. дальше »
2019-9-11 13:00 | |
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Facebook’s Libra could become ‘systematically important very quickly,’ claims Fed Chair Jerome Powell
2019 has been an incredibly important year for digital currencies. The collective cryptocurrency market broke away from the bearish winter and digital assets have again started to gain attention from various financial institutions and personalities. дальше »
2019-9-7 16:00 | |
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Libra’s dependence on governments, central banks is its biggest weakness, claims eToro CEO
The steady growth of the cryptocurrency market has caught the attention of a lot of major tech giants, including the likes of Facebook, JP Morgan and now, Telegram. Out of these, Facebook’s Libra remains the most talked-about project, not only owing to its huge user base, but also due to the several hearings which have […] The post Libra’s dependence on governments, central banks is its biggest weakness, claims eToro CEO appeared first on AMBCrypto. дальше »
2019-9-4 17:30 | |
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Several Key Members Want Out Of The Libra Association Owing To Increasing Regulatory Pressure
Facebook has not had any breathing space since announcing their upcoming cryptocurrency project in mid-June due to the stern regulatory concerns it has been facing. Facebook came up with Libra project with the ultimate goal of banking the unbanked by bringing on board 28 payments and tech behemoths as partners. дальше »
2019-8-23 22:10 | |
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China Planning to Launch its Government-Backed Digital Currency Before Facebook’s Libra
The central bank digital currency (CBDC) of China may come out sooner than expected as the “time is almost ripe,” reported China Daily on Tuesday. Last week, we reported Mu Changchun, deputy director of the People's Bank of China’s payments department saying that the government-backed digital currency is ready to be launched after five years […] дальше »
2019-8-20 19:12 | |
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Binance’s version of Libra, dubbed “Venus Plan” is out of the box
Binance has unveiled the ace up their sleeves, in vague terms, an alternative to Facebook’s Libra. The unveiling, dubbed “Venus Plan” is to end the financial hegemony by using technological innovation power that cryptocurrencies have brought forth. дальше »
2019-8-19 09:46 | |
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China Ready to Roll out State-Backed Digital Currency
According to an announcement from an official for the People’s Bank of China (PBOC), the country is nearly ready to unveil its new central bank digital currency (CBDC). Centralized Crypto-Currencies There’s been much talk recently in the Bitcoin space about digital payment technology getting picked up by centralized powers. дальше »
2019-8-12 21:42 | |
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North Korea’s Crypto Cyber Attacks May Further Fuel US Fear of Bitcoin
The biggest topic of discussion around the crypto space in recent weeks has been the United States and the sudden negative stance it has taken against Bitcoin and cryptocurrency ever since Facebook Libra came into the limelight and shook up the space. дальше »
2019-8-7 23:00 | |
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Facebook, stop trying to make Libra happen
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. дальше »
2019-8-6 14:49 | |
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Former Trump Advisor Steve Bannon Boasts of “Big Future” for Bitcoin and Crypto
All last month, the positive sentiment surrounding Bitcoin, crypto, and even Facebook Libra turned negative after United States President Donald Trump made some negative tweets about the digital asset class and its illicit use in criminal activities such as money laundering, cybercrime, drug trade, and more. дальше »
2019-8-3 23:00 | |
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Coincheck Owner Monex Group Plans to Serve as One of Facebook Libra’s Partners
Japan’s established online brokerage, Monex Group Inc. has supposedly applied to onboard the Libra Project’s list of partners, with the anticipation of becoming the next to join the association, reports Coin Desk. дальше »
2019-7-26 20:08 | |
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Buy Libra Before it Becomes Real! The Scammers Say…
Now that Libra has generated the buzz that we’ve been expecting it to, the scammers have started to come out of the woodworks to do their thing again. Scammers have come out online to create pages, ads and in the most extreme cases videos actually selling Libra. дальше »
2019-7-26 23:01 | |
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The best way to make money out of Libra? Put a bet on it not launching on time
Facebook’s digital currency Libra is looking less and less likely to launch next year as originally planned. Policy expert, Angela Walch from University College London’s Centre for Blockchain Technologies told Quartz: “The odds that Libra receives regulatory approval anytime soon (ie, in the next six-12 months) are quite low. дальше »
2019-7-25 15:44 | |
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Facebook's Communication Breakdown With Swiss Data Privacy Regulator
After announcing that the Swiss Federal Data Protection and Information Commissioner (FDPIC) would assist in overseeing the Libra Association, the FDPIC stated Facebook hadn't contacted the agency regarding any details related to the association or the Libra project. дальше »
2019-7-24 19:04 | |
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German Central Bank President Sees Hope For Libra
During the G7 meeting in France last week, Jens Weidmann, president of Bundesbank, Germany's central bank, came out in favor of Facebook's Libra project, noting that regulators should not work to suppress innovation before clarifying details can be provided. дальше »
2019-7-23 19:13 | |
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Facebook’s Libra Is Now More Popular Than Ethereum And XRP
Even though the Libra project is in its development phase, at the same time has gotten a lot of backlash from various people and the government. Nevertheless, it has continued to gain more popularity by the day. дальше »
2019-7-22 10:43 | |
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Robinhood App Encroaches on Banking Turf with High-Yield Money Tool
Libra isn't the only payment system that stands to threaten the banks. Popular stock market and crypto trading app Robinhood is going after legacy banks with the relaunch of a cash management feature. дальше »
2019-7-22 02:30 | |
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Will Regulators Apply Stricter Rules on Bitcoin Upon Investigating Facebook’s Libra Stablecoin?
In a tweet made out on Thursday, July 18, 2019, blockchain and crypto attorney, Stephan D Palley shared his viewpoint on Facebook’s Libra. Said activity isn’t the first of its kind, as many world leaders, countries and business tycoons have been assessing Libra’s pros and cons. дальше »
2019-7-22 23:13 | |
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With Libra Hearings Depicting Bitcoin As The Hero, What Can We Expect Next?
In the crypto world, the past week has been dominated by Libra hearings. Libra, Facebook’s cryptocurrency has come under fire for some time now. Soon after its launch a few months ago, regulators raised concerns that the social media giant was out to disrupt the financial system. дальше »
2019-7-21 20:31 | |
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Weekly Digest: Bitcoin Price, Libra Hearings And More
Yesterday, the world celebrated the 50th anniversary of the first Moon landing. But did the week’s crypto news give any indication of ‘When Moon?’ for Bitcoin? Bitcoin Price: Another Week Of Consolidation So it’s been another week of consolidation for bitcoin price, which is never a bad thing long term. дальше »
2019-7-21 15:00 | |
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Liberal Activists Pressure 27 Libra Partners to Dump Facebook's Crypto
The knives are really coming out to kill Facebook's over-hyped Libra crypto project. After being bashed by President Donald Trump and the U. S. Congress, four liberal activist groups penned an open letter urging all 27 Libra partners to dump the Facebook venture. дальше »
2019-7-22 20:00 | |
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Liberal Activists Pressure 27 Libra Partners to Dump Facebook’s Crypto
The knives are really coming out to kill Facebook’s over-hyped Libra crypto project. After being bashed by President Donald Trump and the U. S. Congress, four liberal activist groups penned an open letter urging all 27 Libra partners to dump the Facebook venture. дальше »
2019-7-21 20:00 | |
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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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What does Bitcoin breaching its parabolic phase pattern indicate?
If a cryptocurrency analyst was challenged to list out the reasons for a Bitcoin bull run in the current market, the individual would probably break a sweat. Bitcoin’s market is now consolidating at a lower valuation than the previous week, and the commotion around Facebook’s Libra has not assisted Bitcoin recently. дальше »
2019-7-20 01:30 | |
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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 | |
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Economist Bashes Libra, Mocks Facebook Crypto as ‘Fake Money’
In a new article called “Facebook’s Fake Money,” economist Thorsten Polleit bashes Facebook’s foray into cryptocurrency through its Libra token. Facebook Libra Isn’t Sound Money Far from alone in his criticism of Facebook’s fintech ambitions, Polleit bases his doubts on an entirely different set of metrics than do legislators and regulators. дальше »
2019-7-20 20:05 | |
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Ripple CEO Calls Facebook’s Entry Into Crypto “Brazen,” Calls Out For A Level Playing Field
Ripple CEO Brad Garlinghouse has made his stance on Facebook’s cryptocurrency project Libra very clear, follow the rules. On July 17, Garlinghouse tweeted that the social media giant's “goal to create a new fiat currency” should be held to the same standard as any other regulated financial institutions. дальше »
2019-7-19 19:30 | |
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Bitcoin’s perfect combination of pseudonymity and decentralization has allowed it to survive the government
Bitcoin has been alive for more than 10 years now, and it gets stronger with each passing day. On the other hand, Facebook’s Libra, which is yet to be launched, is facing a lot of setbacks from the government. дальше »
2019-7-19 22:30 | |
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CNBC Analyst Calls Secretary Mnuchin Out on Bitcoin Criticism
This week, the crypto market has been turned upside down after United States President Donald Trump tweeted about Facebook Libra, Bitcoin, and crypto. The tweet heard ‘round the world in the crypto space started a domino effect with nearly every US politician and regulatory body making comments about the digital asset class. дальше »
2019-7-18 18:37 | |
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‘Trust’ was mentioned 69 times at Facebook’s Libra Senate hearing – nice
In the 220-minute-long Senate hearing where Facebook’s head of Calibra, David Marcus, was grilled on the company’s “cryptocurrency” plans, the word trust was mentioned every two minutes on average, working out to 69 times in total. дальше »
2019-7-18 14:28 | |
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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 | |
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Will Libra’s example finally persuade U.S. regulators to embrace the digital assets realm?
Libra’s regulatory mess is only getting started. In the past week, United States’ Federal Reserve Chair, Treasury Secretary and even the President have come out in vocal opposition to Libra. дальше »
2019-7-16 16:30 | |
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U.S. Treasury Secretary Expresses Libra and Digital Asset Concerns
Steve Mnuchin, the secretary for the United States Treasury, held a press briefing to address the sudden storm of cryptocurrencies led by the announcement of Libra. Mnuchin, along with other bureaucrats, expressed scepticism over the launch of Libra, going as far as drafting a bill to keep tech companies out of finance, as reported byRead MoreRead More. дальше »
2019-7-16 13:21 | |
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Blow For Facebook and Tech Companies Following a New Congress Bill
If the Keep Big Tech out of Finance bill is passed, it may not only sound the death knell for Libra and similar tokens from tech giants as Google. The post Blow For Facebook and Tech Companies Following a New Congress Bill appeared first on Ethereum World News. дальше »
2019-7-16 13:00 | |
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U.S. Treasury Secretary: Bitcoin, Libra Pose National Security Threat
Coinspeaker U. S. Treasury Secretary: Bitcoin, Libra Pose National Security ThreatThe Treasury Department has concerns that Libra, as well as Bitcoin, could be misused by terrorist financiers and money launders, to carry out illicit activities ranging from cybercrime to tax evasion, extortion, and ransomware. дальше »
2019-7-16 11:36 | |
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Ripple CEO Brad Garlinghouse Speaks On Libra, XRP and Crypto Regulations
Ripple’s CEO Brad Garlinghouse just responded to President Donald Trump’s Tweets on cryptocurrency and Secretary of Treasury Steve Mnuchin’s Libra themed press conference. In a series of tweets, Garlinghouse laid out his thoughts on what the President and his Secretary of Treasury said about the present and future of cryptocurrency. дальше »
2019-7-16 10:41 | |
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US Treasury Secretary follows up on POTUS’ Libra criticism; Bitcoin under fire
Libra’s hopes seem to be hanging by a thread. Facebook has add yet another foe to its cryptocurrency project, the United States Treasury Secretary, Steve Mnuchin. Picking up where the President of the United States left off last week, his appointee lashed out at the cryptocurrency market in a recent press briefing. дальше »
2019-7-16 10:30 | |
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How US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra
Facebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U. S. government seem fearful of a giant tech establishing itself as a financial institution. дальше »
2019-7-15 21:45 | |
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How the US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra
Facebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U. S. government seem fearful of a giant tech establishing itself as a financial institution. дальше »
2019-7-15 21:45 | |
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‘Keep Big Tech Out of Finance’ Says the Congress
Coinspeaker ‘Keep Big Tech Out of Finance’ Says the CongressIt seems that big companies as Facebook, Amazon and Google might be forbidden to launch their digital assets. If the Congress's Bill pass - they could face with paying $1K penalties per day. дальше »
2019-7-14 14:20 | |
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Japan rolls out Libra ‘working group’ to assess macro-economic impact; looks to include G7 countries
Can Libra survive the Tokyo Drift? It has been a little over a month since Libra was unveiled and yet, it seems to have been a lot longer. The litany of reports, concerns, hearings and reactions from lawmakers regarding Libra is certainly entertaining for the cryptocurrency community, but it does pose an interesting question – […] The post Japan rolls out Libra ‘working group’ to assess macro-economic impact; looks to include G7 countries appeared first on AMBCrypto. дальше »
2019-7-13 11:00 | |
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Bitcoin (BTC) is an air, Trump said. And the Corn collapsed
No sooner had the market recovered from Jerome Powell’s statements on Libra, as Trump expressed. And the Corp dropped again. Trump, as it turned out, is not a fan of crypto and of any innovations in general: – I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value […] дальше »
2019-7-12 07:51 | |
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