Central Bank of Germany representative Burkhard Balz says that cryptocurrencies do not pose a threat to financial stability. Central Bank of Germany representative Burkhard Balz said that cryptocurrencies do not pose a threat to financial stability during a talk at the European Parliament reported a post published on the institution’s website on July 9. Burkhard […]
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Companies such as Google and Amazon will launch a product in the crypto industry, say Gemini co-founders. Digital currency will form part of all four FANG companies’ offerings by 2021, Tyler and Cameron Winklevoss told CNBC in a new interview on July 9. Speaking about Facebook Libra, the twins, who co-founded cryptocurrency trading platform Gemini, […]
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Experts and Lawmakers call for caution over potential risks of Facebook’s Libra cryptocurrency to the global financial industry. Facebook’s unveiling of its Libra cryptocurrency has generated a lot of attention in the financial world, as well as in the crypto space. So far, the company has announced that its Libra blockchain network will be launched […]
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Bitcoin is facing profit booking at higher levels. Is this a warning sign of an impending correction? Let’s study the charts. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research […]
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Federal Reserve chair says time is needed to address concerns about Libra, and that the project cannot move forward until there is broad satisfaction on regulatory policies. Federal Reserve Chair Jerome Powell said there needs to be broad satisfaction with the way Facebook is handling regulatory concerns regarding its forthcoming stablecoin Libra. Powell gave his […]
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Global banking giant HSBC has tested out its blockchain-based trade finance platform Voltron and reduced transaction time by 40%. Global banking giant HSBC has tested out its blockchain-based trade finance platform Voltron and reduced transaction time by 40%, the Chartered Institute of Procurement & Supply reported on July 10. To arrange a shipment between Hong […]
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U.S.-based bank The Provident Bank has begun offering deposit services to digital currency-related customers. American community bank The Provident Bank has begun offering deposit services to digital currency-related customers, according to an announcement published on July 9. The Provident Bank now offers deposit and other banking services to cryptocurrency issuers, exchangers and investors. The bank […]
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A large number of Gulf nations are embracing crypto with open arms as Ethereum explores partnership opportunities… While we often get to hear about how cryptocurrency adoption is rapidly gaining ground in the West, a number of countries across the Middle East — such as Bahrain, the United Arab Emirates and Saudi Arabia — often […]
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Arthur Hayes claimed that even if Libra has limited success, PayPal in particular has no chance of succeeding. Facebook’s Libra payment protocol could make central and commercial banks irrelevant, but PayPal has no future anyway, the CEO of derivatives giant BitMEX thinks. Arthur Hayes made the comments in a new interview with Taiwanese news network […]
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Chamath Palihapitiya, CEO of VC firm Social Capital, argues bitcoin is the single best hedge against the traditional financial system. Chamath Palihapitiya, CEO of VC firm Social Capital, has proposed that bitcoin (BTC) is the single best hedge against the traditional financial system. During a panel on the CNBC show Squawk Box on July 9, […]
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