Facebook’s Libra Currency could threaten the Global Financial System. Here’s How
This week, both the Senate Banking Committee and the House Financial Services Committee grilled Facebook’s David Marcus, head of the Libra cryptocurrency project. Lawmakers bluntly laid out a variety...
View ArticleTop 5 things to know about Libra cryptocurrency
Facebook has announced plans to start a cryptocurrency for online payments. Tom Merritt lists five things you should know about Libra. Facebook made a bit of a splash when it announced it intended to...
View ArticleMark Carney’s proposed digital currency to challenge greenback still years away
Compliance and regulation to make a global digital currency acceptable is unlikely in the short term, experts say It would take years to put compliance and regulatory structures in place to develop an...
View ArticleBank Of England Spells Out UK’s Requirements for the Libra Coin Launch
United Kingdom’s central bank, Bank of England, has announced a raft of rules that Facebook’s Libra crypto must adhere to if it wishes to launch in UK. In its October Financial Policy and Summary...
View ArticleCZ Binance Gives Facebook 3 Possible Options on Libra Cryptocurrency
The proposed launch of Facebook’s owned digital currency Libra is still facing stern criticism and scrutiny from regulatory bodies around the world, especially in the United States. As this continues,...
View ArticleCrypto Market Tanks $10bn Ahead Of Libra Testimony
The crypto market has plunged down by more than ten billion dollars today as traders begin to sell in anticipation of a bearish outcome as Facebook founder Mark Zuckerberg appears before Congress...
View ArticleEU to look into issuing public digital currency
The European Central Bank should consider issuing a public digital currency, an EU draft document said, after plans by Facebook to introduce a private one met with a hostile response from global...
View ArticleUS Fed warns of risks from rapid spread of Libra
Digital currencies can be risky, but Facebook’s Libra could be a massive challenge given the potential for rapid spread and the dubious safeguards, a Federal Reserve official said today....
View ArticleVodafone to quit Facebook’s Libra project
In total, five companies have pulled out of Facebook’s crypto currency project over the past quarter Vodafone has become the latest big named backer to pull out of Facebook’s Libra digital currency...
View ArticleUS Is Working Hard on Digital Dollar, Libra Was Wake-Up Call: Jerome Powell
Federal Reserve Chairman Jerome Powell has just said that the US is working hard on its own central bank digital currency Fed Chairman Jerome Powell has revealed that the US was “working hard” on its...
View ArticleCrypto Week in Review
Here’s what happened in the previous week. This is a guest post from Voyager, a crypto brokerage firm with a commission-free trading app. Market Snapshot As global markets reacted to the spread of the...
View ArticleFacebook to create 50 jobs in Ireland to bolster its Libra project
Facebook plans to grow its Calibra team in Dublin, which is creating a digital wallet for the Libra project. While Facebook’s Libra cryptocurrency ambitions have been under scrutiny from regulators and...
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