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“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 | |
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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 | |
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The United States Seeks to Prohibit Big Tech from Banking and Finance
A copy of draft legislation barring big tech from entering the banking industry and providing financial services has been doing the rounds. It is believed that this draft has been circulated amongst the House Financial Services Committee’s Democratic majority. дальше »
2019-7-16 11:00 | |
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Bitcoin’s Correlation to Traditional Markets Could be Problematic, Analyst
Author and financial analyst, Timothy Peterson, believes that Bitcoin’s growing correlation to Japan’s MSCI could end badly if traditional markets sharply correct. Bitcoin Correlation in Japan’s Markets Timothy Peterson, the author of Metcalfe’s Law as a Model for Bitcoin’s Value, recently tweeted a chart comparing the MSCI Japan in USD to Bitcoin in JPY from July 2014 until July 2019. дальше »
2019-7-16 22:00 | |
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House Committee Discusses Preventing Big Tech Companies From Issuing Crypto
Members of the House Financial Services Committee are discussing the possibility of introducing legislation that would bar large technology institutions in the US from issuing cryptocurrencies.
дальше »2019-7-16 18:36 | |
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US Politicians Aim to bar Tech Companies From Mimicking Bitcoin
Issuing a digital currency or providing financial services is not a straightforward process in this day and age. Especially for tech companies in the US, this uphill battle will become a lot steeper moving forward. дальше »
2019-7-16 17:00 | |
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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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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 | |
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Facebook Crypto Haters Proposes Doomsday Bill; Bitcoin to Benefit?
A “discussion draft” bill set out to spell doomsday on the dreams of many financial technology projects is making rounds on Crypto Twitter. Unconfirmed yet unsettling, the “Keep Big Tech Out of Finance” bill proposes to “prohibit large platform utilities” from becoming a financial institution or getting affiliated with a person that runs a financial institution. дальше »
2019-7-14 14:00 | |
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Tech Entrepreneur: Facebook’s “Cryptocurrency” Libra is a “Big Mistake”
Billionaire tech entrepreneur Mark Cuban is not a big fan of Facebook’s recently-detailed cryptocurrency-of-sorts. He says there may be repercussions from despotic leaders around the world if citizens start to use alternatives to national currencies. дальше »
2019-7-13 02:00 | |
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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 […] дальше »
2019-7-12 20:16 | |
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XRPL Labs introduces XUMM in an attempt to replace traditional banking with decentralized banking
Ripple-powered XRPL Labs has been working on tech to simplify payments for not only major financial institutions, but also the crypto-community. One such XRPL Labs developer is Wietse Wind, the creator of XRP TipBot, who has been regularly talking about XRPL-bridged back accounts for users to hold, send and receive EUR on XRP ledger, ILP, […] The post XRPL Labs introduces XUMM in an attempt to replace traditional banking with decentralized banking appeared first on AMBCrypto. дальше »
2019-7-10 17:00 | |
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XRPL Labs’ Wietse Wind hints at ‘XRPL-bridged bank accounts’ for community to ease payments
Ripple has been working towards developing its technology and promoting its native crypto, XRP, for years now, managing to get many powerful financial institutions to use its tech. However, the general public still deals with problems related to payments and money transfers. дальше »
2019-7-6 17:00 | |
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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. дальше »
2019-7-4 17:00 | |
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Ripple struggles to convince banks about its tech, but financial institutions are more aggressively benefitting from it
Ripple’s Chief Technology Officer [CTO], David Schwartz was a part of the Future of Fintech 2019 event hosted by CBInsights, where the CTO re-affirmed the community and the host, Jeff Roberts, about xRapid. дальше »
2019-6-30 15:30 | |
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Morgan Stanley CEO: With 28 Facebook’s Libra Partners Initiative Isn’t Focused; Not Threatened
The crypto market has witnessed an explosive bull run in the last couple of months, with major coins experiencing a major price hike. This has led to different figures in the financial and tech sectors to offer their opinions on the scenario. дальше »
2019-6-29 00:34 | |
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Big Banks Ask Regulators To Ensure A 'Level Playing Field' Following Libra Announcement
In a report published by the Bank for International Settlements, the "bank for central banks" asked that regulators keep banks in mind when they update and create new financial rules as Facebook and other tech companies enter the payments and custody business. дальше »
2019-6-24 19:01 | |
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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 | |
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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 »
2019-6-24 16:18 | |
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Money Continues To Change With The Latest Tech And Financial Trends
At the moment everyone is talking about Libra and what Facebook has to offer to the crypto market and the financial world. However, Nik Milanovic, a fintech and financial inclusion enthusiast, considers that it is time to start thinking which is the role that money plays in the current world. Will Money Eventually Evolve? In […] дальше »
2019-6-23 00:30 | |
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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. дальше »
2019-6-21 14:15 | |
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Emerging Economies Are Our Target Market: Nano Founder Colin LeMahieu
While challengers face an established financial system controlled by a tight-knit cabal of tech and banking interests in the developed world, emerging economies may prove to be the fertile ground that truly fosters cryptocurrency growth. дальше »
2019-6-19 19:17 | |
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Anthony Pompliano vs Peter Schiff: Facebook’s GlobalCoin takes centre stage as Twitter blows up with debates
The entry of mainstream companies into the world of cryptocurrencies has been seen as a marker for the mass adoption of digital assets. With the advent of Facebook’s GlobalCoin that has become a reality as the social media giant partnered with several tech giants like Vodafone and Spotify to ensure its integration into the financial […] The post Anthony Pompliano vs Peter Schiff: Facebook’s GlobalCoin takes centre stage as Twitter blows up with debates appeared first on AMBCrypto. дальше »
2019-6-15 19:00 | |
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Remember MySpace? Underestimate Facebook Crypto at Your Own Peril
By CCN Markets: When it comes to what’s gone wrong with Big Tech, the only surprise you would expect is if Facebook was missing from the list. From data privacy violations to aiding genocide to enhancing the spread of fake news, the social media giant has become a global ignominy. дальше »
2019-6-16 18:37 | |
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Jack Dorsey Expects Crypto, Blockchain to Be a ‘Secular Trend’ in Finance
By CCN Markets: Jack Dorsey is all in on bitcoin. The tech entrepreneur, who is at the helm of both Twitter and Square, recognizes that cryptocurrency and the blockchain will become a “secular trend” in financial services going forward, according to an interview he did with Quartz in London. дальше »
2019-6-15 20:00 | |
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Visa, Paypal Say They’ll Pay $10 Million to Run ‘Facebook Coin’ – Report
Big companies like Visa and PayPal are reportedly willing to pay millions for the privilege of running a node on the Facebook cryptocurrency network. Facebook’s foray into crypto has been met with mixed reaction. дальше »
2019-6-14 08:30 | |
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Tightened Identity Regulations Could Spell Trouble for Crypto Exchanges
The Financial Action Task Force (FATF) is set to release new rules and guidelines regarding the cryptocurrency market. Per a report on Bloomberg on June 11, 2019, the upgraded guidance seeks to apply bank rules to the innovative sector. дальше »
2019-6-12 11:00 | |
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Blockchain Impact Investing Could Be the Key to Africa’s Financial Inclusion
The potential of blockchain and other types of distributed ledgers have been touted as the biggest financial innovation in recent years. Immutability, transparency, and efficiency are key factors for creating an inclusive financial system. дальше »
2019-6-8 09:30 | |
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Apple and Facebook Now Competing With Banks – Not Bitcoin
International ratings agency Weiss Ratings thinks tech giants like Apple and Facebook entering the crypto-space prove they are, in fact, becoming banks themselves and their ‘answer’ is nothing like Bitcoin – which competes with central banks. дальше »
2019-6-7 15:00 | |
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New details about Facebook’s cryptocurrency make it sound even worse
Given its history of managing our data, it shouldn’t take much to convince you that Facebook managing our money is probably a terrible idea. That said, it seems the social media giant is actually aware of that particular challenge. дальше »
2019-6-6 12:00 | |
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Major Banks Join Hands to Develop Cryptocurrency for Overseas Money Transfers
Blockchain technology just got a major boost after 14 major financial firms led by the Swiss multinational investment bank UBS Group AG came together in developing a blockchain-based digital currency for use in instant cross-border payments, as reported by Nikkei Asian Review on June 3. дальше »
2019-6-5 17:34 | |
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Op Ed: Bitcoin in Africa, What Needs to Be Done to Encourage Adoption?
Bitcoin has the potential to revolutionize the African continent. Through Bitcoin, millions of unbanked Africans will have access to financial services. These and many more such statements exist across the internet. дальше »
2019-6-1 21:48 | |
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WCX Review: Trade Cryptos, Stocks, & Forex With up to 300x Leverage
WCX is a Bitcoin derivatives trading platform, established in 2017 by experienced co-founders Amatsu Soyonobu, and Tagawa Hayashida, who hold extensive software development and financial services experience. дальше »
2019-5-31 14:29 | |
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Crypto is Here to Stay? Microsoft Adds Bitcoin Symbol to its Excel Program
The Bitcoin symbol appears to have been added to Microsoft Excel. Users of the spreadsheet creation software will soon be able to include the Bitcoin symbol as a currency when recording financial data. дальше »
2019-5-28 00:00 | |
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New Avelacom-Seed CX Partnership Gives Institutional Investors Greater Accessibility to Crypto Trading
Avelacom, a global connectivity and IT infrastructure platform for financial services providers, announced on May 23 that it is entering a strategic partnership with cryptocurrency exchange Seed CX. дальше »
2019-5-25 17:29 | |
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DekaBank, dwpbank, DZ Bank and Helaba Banks Successfully Test A New Promissory Note Blockchain Platform
The technology is always moving forward, so financial institutions cannot get behind the times. Recently, a group of four banks (DekaBank, DZ Bank, Dwpbank and Helaba) has decided to start a new blockchain-based initiative. дальше »
2019-5-23 01:39 | |
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Myanmar Central Bank Determined to Curb the Flourishing Local Crypto Industry
The Central Bank of Myanmar (CBM) is determined to curb the growing local cryptocurrency industry. This comes after the central bank issued a warning against engaging in cryptocurrency activities. дальше »
2019-5-21 16:58 | |
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These 20 tech companies literally have the most valuable employees
If you’ve ever wondered how valuable a company is — or in other words, its capacity to bring in revenue, as well as what its assets are worth — the most common way to do it is to look at its market capitalization. дальше »
2019-5-20 16:56 | |
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Cornell Computer Science Professor Looks to Launch a Crypto Token
According to a Bloomberg report published May 16, 2019, a computer science professor from Cornell University, Emin Gun Sirer, is set to launch a cryptocurrency and blockchain network with financial backing from some of the most prominent VC firms in the tech industry. дальше »
2019-5-18 13:00 | |
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Zcoin, Putting Financial Privacy at the Forefront With Untraceable Crypto Transactions
It’s a common misconception that Bitcoin transactions are completely private and anonymous. Whilst Bitcoin does offer greater level of privacy than traditional banking, users of cryptocurrencies like Bitcoin can have their transactions tracked through the public distributed ledger, and potentially give away valuable information. дальше »
2019-5-16 15:24 | |
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Nivaura Creates First Blockchain Floating Rate Bond, Enters Testing Stage By Santander, LeasePlan
First Blockchain-Based Floating Rate Bond Created By Nivaura, Entering Testing Stage Nivaura created a floating rate bond that uses blockchain tech. The financial instrument is being tested by Santander, LeasePlan, LSEG, and Premfina. дальше »
2019-5-13 22:15 | |
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How to Buy Bitcoin in the UK – Top 3 Exchanges
Are you a UK resident looking to buy Bitcoin (BTC)? Then you’re in luck, as the UK has some of the best access to blockchain services in the world, with a wealth of options available to UK investors seeking their first investment in the original digital asset. дальше »
2019-5-11 16:16 | |
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Facebook Relaxes Ban on Cryptocurrency Ads As the Tech Giant Forges Ahead With Its Own Blockchain Project
Facebook, one of the big four tech companies, announced on May 8 via a blog post that it is relaxing its policy on ads related to cryptocurrency, blockchain technology, and financial products and services. дальше »
2019-5-10 11:19 | |
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Sterling Trading Tech (STT) Partners With Voyager Digital to Offer Crypto Asset Trading
A U. S. -based company called Sterling Trading Tech (STT), which is focused on offering several financial products such as equities, options and futures for its clients, has decided to partner with Voyager Digital, a Canadian company focused on cryptocurrencies. дальше »
2019-5-10 01:22 | |
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Crypto Bubble Vs Bitcoin Miracle: Roubini & Novogratz Square Off at the 2019 Salt Conference
The SALT 2019 Conference in Las Vegas was the stage at which Professor Nouriel Roubini, an economist known as Dr. Doom for predicting the 2008 financial crisis, took on crypto’s darling Mike Novogratz in a debate which ended with the two making a T-shirt bet, reported by CNBC on May 8. дальше »
2019-5-9 15:34 | |
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