Facebook to Finally Launch Scaled Back Libra Coin in January

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US Treasury Sec: We Don’t Want Bitcoin Becoming a “Swiss-Numbered Bank Account”

Now that the U. S. Congress and Senate have finished their hearings with Facebook, U. S. Treasury Secretary Steven Mnuchin has set his regulatory sights on Bitcoin. Increased Regulation on the Table Again It appears that the aftermath of the US Congress and Senate Banking Committee’ hearings on Facebook’s Libra coin could present a new set of regulatory problems for cryptocurrency as a whole.

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Facebook’s Libra is not a cryptocurrency, claims CoinShares’ Meltem Demirors

The largest cryptocurrency in the world, Bitcoin [BTC], saw a drastic fall in its price on July 16, as U. S. legislators sharpened their arguments against crypto and its viability.   Bitcoin noted a fall of 12% in its price and was being traded at $9,591, at press time.

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Japanese Regulator Calls on G7 to Take Different Look at Libra Coin

The Finance Minister of Japan urges G7 to take a different view of Libra Coin to see if there are any new potential challenges for the global finance system

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Bitcoin’s ‘realized market capitalization’ at an all-time high as price continues to suffer following Libra’s Senate hearings

Bitcoin’s massive plunge in valuation recently has shook the cryptocurrency market. The world’s largest cryptocurrency falling below the decisive $10k support following Libra’s ‘interrogation’ before the United States’ Senate Banking Committee has many analysts doubting their bullish predictions.

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German Finance Minister: Facebook’s Libra Should Not See the Light of Day

Coinspeaker German Finance Minister: Facebook’s Libra Should Not See the Light of DayFacebook’s Libra project is facing increasing opposition with the German minister of finance joining the bandwagon citing the coin’s disruption potential as a major threat to the EuroZone.

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French government to create ‘ICO white list’ with new regulations

While the world is looking at Facebook’s Libra and its recent senate hearing, France is knuckling down and is set to approve the first wave of cryptocurrency businesses under new legislation. Under the rules, cryptocurrency-related firms will voluntarily abide by a regulatory framework that requires them to pay tax, provide consumer protection, and meet capital requirements, Reuters reports.

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Bitcoin: Washington’s war on Libra has not shaken the king coin off its bullish course

Bitcoin is playing hide-and-seek with the Libra bears. For weeks on end, Libra has been the talk of the town, with Bitcoin getting little mention, but large effect. Despite being a Californian product, all news about Facebook’s cryptocurrency project seems to be emanating from Washington D.

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Congressional leaders draft bill that proposes to ban big tech firms from launching digital currency

Facebook’s upcoming stable coin Libra seems to have caught the regulators and policymakers around the globe off-guard. Ever since its official announcement back in June, Libra has been subjected to tons of scrutiny, calls for the halt of the project, and in certain cases even outright ban.

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Dr. Doom teams up with President Trump to bash Bitcoin as John McAfee questions Libra’s affect on king coin

Nouriel Roubini is back to bashing Bitcoin. And this time, he’s joined by President Donald J. Trump. How exciting is the cryptocurrency industry? In what other industry will an Economist and the CEO of a Futures exchange with 100x leverage call each other the choicest of insults on stage and on Twitter? Dr.

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Dallas Mavericks NBA Team Governor Mark Cuban: Facebook’s Libra Coin May Be Dangerous

Cryptocurrency enthusiast and Billionaire tech entrepreneur Mark Cuban has launched a daunting attack on the new cryptocurrency project by Facebook called Libra, stating that he is not a fan of the new coin, basically because it could be very dangerous to both the traditional financial sector and the cryptocurrency community at large. Libra is a […]

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People have got it all wrong, Libra IS NOT a centralized ‘FB Coin,’ says Facebook’s Blockchain Lead

Facebook has taken center stage yet again. A month after the announcement of Libra, Facebook’s “GlobalCoin” is trending yet again. With the Federal Reserve Chair Jerome Powell raising concerns about Libra with respect to money laundering, privacy, and financial stability, and even the United States President himself calling for Facebook to “seek a new Banking […] The post People have got it all wrong, Libra IS NOT a centralized ‘FB Coin,’ says Facebook’s Blockchain Lead appeared first on AMBCrypto.

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Mark Carney On The Start Of Facebook’s Coin: “Libra’s Fundamentals Need To Be Absolutely Flawless”

In an interview given to a respected crypto media outlet a couple of days back, Bank of Governor Mark Carney stated that in order for Facebook Inc. ’s stablecoin offering to succeed, the asset’s underlying framework needs to be absolutely ‘bulletproof from day one’.

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Former PBoC Governor Expects Policy Implementation in China to Counter Facebook’s Libra Coin

In an ever-continuing economic war between two of the greatest nations on the planet currently, US and China, maybe in yet another race of supremacy – this time in blockchain technology and cryptocurrencies – the former governor of the People’s Bank of China, Xiaochuan Zhou, states in a recent interview. In the past month, several […]

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Facebook Crypto Products Not Coming to World’s Biggest Markets

Contrary to the beliefs of many crypto critics, Facebook’s Libra will not be a Bitcoin killer. In fact the new digital coin from billionaire Zuckerberg et al may not even be available to some of the world’s largest markets.

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Facebook's Libra Crypto Is Basically Just World of Warcraft Gold: Expert

One of the world's leading non-profit cryptocurrency research outfits has joined the chorus of voices playing down the threat that Facebook's Libra represents to Bitcoin. Citing its lack of decentralization and contrasting it in detail with Bitcoin, Coin Center denounces Libra as little more than World of Warcraft gold.

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China’s National Digital Currency Threatened By Facebook’s Libra Coin: PBoC Official

Coinspeaker China’s National Digital Currency Threatened By Facebook’s Libra Coin: PBoC OfficialWhen the U. S. sneezes the rest of the world catches a cold, and this time around the cold has caught up with China.

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Indian Regulators Also Echo Same Concerns About Facebook’s Libra Coin Cryptocurrency Project

Facebook will not have an easy time in the third largest economy of Asia. As the company is set on moving its plans surrounding the Libra cryptocurrency forward, the Indian authorities do not seem very happy with the company’s presence.

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Libra, TON and JPMorgan Coin Compared: Are They Heroes or Villains?

Libra, Ton and JPMorgan Coin, the three projects proposing a new approach to blockchain and cryptocurrencies — a giant step toward adoption or the meddling of big business in the world of crypto?

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ECB Policymaker Looks to Hasten Crypto Rules amid Facebook’s Libra

In light of Facebook’s upcoming Libra coin, European Central Bank (ECB) Executive Board Member Benoit Coeure is reportedly urging financial regulators to create a viable framework for crypto projects.

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Facebook’s Libra Surpasses Bitcoin on Crypto Twitter but Sentiment Stinks

  A survey conducted by cryptocurrency data firm The TIE has revealed that U. S. residents are tweeting more about Facebook’s Libra coin than bitcoin. According to The TIE, 43. 8 percent of U.

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Libra Coin’s David Marcus Addresses Trust Issues Present In Facebook’s Cryptocurrency

The head of Facebook’s blockchain group, David Marcus, wrote a Facebook post in which he talks about Libra two weeks after releasing it. In this post, Mr. Marcus addresses several trust issues related to the digital asset they are working on.

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Libra will not necessarily work with financial system but transform it completely: Ripple exec

Social media giant, Facebook, released its vision for the upcoming digital coin, Libra, on Jun 18, 2019. This whitepaper was met with a lot of criticism that highlighted the drawbacks, even though some acknowledged it as a good tech that will help the space.

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Facebook’s David Marcus Defends Libra, Says The Digital Currency Will Be Completely Decentralized

In a new blog post released, addressing issues about Libra coin on July 3, 2019, David Marcus, Head of Calibra at Facebook addresses certain issues and doubts that have risen since Facebook introduced its official currency – the Libra coin two weeks back.

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Facebook’s Calibra might have shifted policymakers’ attention to cryptos, says Circle’s Jeremy Allaire

Circle’s Co-founder and CEO, Jeremy Allaire, spoke about the current scenario of Bitcoin and other cryptocurrencies and the letter from the U. S. House of Representatives regarding the development of Facebook’s Libra.

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John McAfee Rips Facebook’s Libra as ‘Grotesque Distortion’ of Crypto

In his relentless crusade to get the altcoin markets roaring, John McAfee is once again backing privacy coins on Twitter. McAfee’s bullish argument centers around his hatred for Facebook’s Libra coin, which he believes is the antithesis of his love of privacy and personal freedom.

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Crypto Baron John McAfee Reveals the Dark Side of Facebook’s Libra Coin 

John McAfee shreds the Libra cryptocurrency, calling it “a grotesque distortion” of economic freedom      

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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.

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Facebook Is Looking To Achieve Global Regulatory Compliance As Libra Vies For New York BitLicense

Facebook’s Libra coin, the new initiative from the company in order to create its own crypto and bring a frictionless and globally-available currency to all its clients is looking to get the New York BitLicense, considered the hardest regulatory approval to get in the United States. The company is taking all the steps to appease […]

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Binance Coin (BNB) At Risk, May List Libra But Prices Are Down 12.1%

Binance Coin (BNB) down 12. 1 percent Libra coin may be available at Binance upon launch in 2020 The exit of US clients will shave Binance’s trading volumes. To counter that, they may end up listing Facebook’s Libra upon roll out.

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Libra Coin Accused of Trolling Winklevosses But Is Expected to Be Game-Changer Unlike Gemini

The recently expressed allegation that the name of the Libra Coin is nothing but the trolling of Gemini is being denied by the head of Libra at Facebook

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Binance CSO Confirms ‘Preliminary’ Talks to List Facebook’s Crypto Libra

Speaking with Finance Magnates, Binance strategy officer Gin Chao said the world’s largest cryptocurrency exchange “would probably want to list” Facebook’s Libra coin on its marketplace.

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JPMorgan CEO Jamie Dimon Downplays Threat from Facebook’s Libra

In an interview with Yahoo Finance Thursday, JPMorgan Chase CEO Jamie Dimon was asked about Facebook’s “cryptocurrency” Libra coin. The Wall Street royal brushed it off along with other cryptocurrencies.

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Facebook’s Libra: House and Senate’s PRs suggest increasing appetite for regulatory regimes

Apart from Bitcoin’s monumental rise recently, Libra has undoubtedly been one of the hottest topics in the cryptocurrency space. The coin that is expected to make its debut in the first half of 2020 saw the disapproval of several regulatory bodies as soon as it was introduced.

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Is Facebook’s Libra Coin The First Crypto ETF To Be Released To The Market?

Facebook has recently announced the creation of its own cryptocurrency called Libra. The virtual currency is expected to be backed by different fiat currencies and be available for WhatsApp and Facebook Messenger users.

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Facebook Libra’s Partners in Doubt Regarding the Coin and Could Back Off: New York Times

Facebook’s ambitious crypto project Libra is now in jeopardy over doubts that global regulators and some of Facebook’s partners have about LBR

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Is Facebook’s Libra Coin The First Crypto ETF In All But Name?

Forget about waiting for a bitcoin exchange traded fund (ETF) to come along – Facebook has just listed a crypto ETF. So says Dave Nadig, the managing director of ETF. com. Libra is essentially a currency.

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Is Facebook’s Libra Accidentally an ETF?

The White Paper for Libra suggests that the storage and distribution mechanism may mean Facebook’s digital coin may work as an ETF.

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Facebook’s Libra Cryptocurrency: Bad for Privacy, Bad for Competition

Allowing Facebook to mint its own coin would turn it into the greatest monopoly in history, argues Signature Bank's chairman.

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Zcash’s revolutionary blockchain hits first fork in the road; Adamant Capital Founder questions move

Zcash, the privacy-centric cryptocurrency project, swiftly stole the Libra’s limelight and switched the debate from payments and fiat-backing to blockchain technology and scalability. Lofty ambitions of Zcash aside, the Electric Coin Company’s [ECC] new blockchain has not convinced everyone in the community just yet.

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WSJ: Libra Is a License to Print Money

The holders of the Libra coin will always be on the losing side due to Facebook’s atrocious incentive model    

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Positive sentiment for Bitcoin grows following Libra unveiling

Libra, Facebook, and Bitcoin were undoubtedly the three most trending words even after a week of the announcement. Besides, the king coin’s monumental rise, breaking past a short-lived $11k, was also attributed to the unveiling of Facebook’s project.

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Bitcoin (BTC) Bulls Likely To Shatter $10,000 As Libra, Institutions Fuel Price Rally

Today’s Bitcoin (BTC) News It is increasingly becoming clear that Bitcoin’s metamorphosis places the world’s most valuable coin as a settlement layer. Bitcoin is a reliable platform from where users can  transmit value across geographical boundaries without denting their pockets as they would through legacy financial institutions. This no doubt is a game changer and […]

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Facebook Co-Founder Chris Hughes Thinks Libra Coin Is Dangerous

If you think that Libra will fail, you learned nothing from Facebook’s success story (and that’s the scary part)   

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Ripple (XRP) Undervalued, Libra Is A Wake-Up Call For Banks

Ripple (XRP) adds 10. 3 percent Brad Garlinghouse bullish on Bitcoin At the backdrop of Facebook and its coin Libra, XRP is steady. While volatility is low and volume shrinking, a break above 50 cents is likely.

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Facebook’s Crypto Hiring Spree Continues With Search for Finance Lead

Fresh off releasing the white paper for its Libra coin, Facebook is looking to hire a finance program manager in blockchain.

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Facebook’s Libra concept sees a half-hearted welcome from Bank of England’s Governor

Ever since Facebook, (the tech giant that taught the world how not to do privacy), unveiled Libra, it has amassed both positive and negative sentiment of both regulators and financial players across the globe.

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Facebook’s Libra Crypto Launch Is Giving Jitters to Australian Banks

Coinspeaker Facebook’s Libra Crypto Launch Is Giving Jitters to Australian BanksFacebook's Libra Coin launch is giving jitters to Australian Banks who see the emergence of the Libra as a potential threat to the banking model.

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Facebook’s Libra Coin May Not Be Launched In India, Facebook’s Biggest Market

This week, the world stopped and gasped at the announcement of Facebook’s Libra, the cryptocurrency created by the company and set to be launched next year. However, it seems that the biggest market for Facebook will not be available during the launch next year, according to a new report made by the Economic Times (ET). […]

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