Facebook’s David Marcus addressed trust issues surrounding Facebook’s Libra stablecoin in a recent post. David Marcus, the head of Calibra at Facebook, emphasized that Libra users will not have to put their trust in Facebook, in a post on July 3. Marcus reiterated that Facebook is not the only member of the Libra Network, and […]
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Half of the top-30 crypto exchanges try to avoid dealing with U.S., despite it being one of the biggest markets. America is the land of opportunity, so long as you don’t happen to be a cryptocurrency exchange. For several years now, a number of prominent exchanges have opted not to serve U.S. citizens; in fact, […]
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The U.S. House of Representatives Committee on Financial Services requested Facebook to immediately stop the development of the Libra stablecoin. The United States House of Representatives Committee on Financial Services requested Facebook and its partners to stop the development of the Libra stablecoin In a July 2 letter addressed to Facebook CEOs Mark Zuckerberg and […]
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Nobel laureate in economics Joseph Eugene Stiglitz claimed that “every currency is based on trust, but only a fool would trust Facebook’s Libra.” Nobel prize-winning economist, Joseph Eugene Stiglitz, claims that “every currency is based on trust, but only a fool would trust Facebook’s Libra” in an article published on July 2. Stiglitz also notes […]
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A number of advocacy groups have signed a letter asking Congress to halt Libra development, or for Facebook to do so of its own volition, until July hearings are complete. Over 30 advocacy groups have appeared as signatories on a request that Congress and regulators implement an official moratorium on Libra development, as per the […]
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Facebook is reportedly seeking a New York BitLicense to comply with state regulations pertaining to Libra. Social media giant Facebook has applied for a cryptocurrency business license to use its announced virtual currency Libra in New York, according to a report by Reuters on June 28 New York requires a special license for crypto operations […]
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House Reps question FinCEN Director Kenneth Blanco on Libra’s potential usage in illegal activity. Director of the Financial Crimes Enforcement Network (FinCEN) Kenneth Blanco briefed several members of the United States House on the potential for Libra’s use in money laundering, illicit financing, and other illegal activities, according to a press release from Representative Emanuel […]
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The U.S. House Financial Services Committee will hear testimony about Facebook’s new cryptocurrency Libra in July. The United States House Financial Services Committee will be holding a hearing on the social media giant Facebook’s proposed virtual currency Libra on July 17, according to a press release on June 24. The announcement comes by way of […]
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The QuadrigaCX story gets weirder, and Satoshi Nakamoto is apparently the author of a coloring book. Coming every Sunday, the Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one […]
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Grayscale Investments announced that its latest security, Grayscale Ethereum Trust, is open for trading on OTC Markets. Grayscale’s Ethereum-based security, Grayscale Ethereum Trust (ETHE), is available for trading on OTC Markets, according to an official blog post from Grayscale Investments on June 20. According to the post, ETHE is “an open-ended trust that holds […]
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