Here is why Libra is not ready to launch a cryptocurrency yet and why lawmakers find it hard to separate Facebook from the association. Facebook’s CEO Mark Zuckerberg returned to Capitol Hill to testify before Congress on Oct. 23 about the company’s planned use of the cryptocurrency it is backing, Libra, attempting to debunk the […]
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Five European Union member countries are purportedly creating a unified front against the issuance of Facebook’s proposed Libra stablecoin. Five European Union member countries have reportedly teamed up to prevent the issuance of Facebook’s stablecoin Libra. Private meetings to turn EU against Libra Following a series of private meetings in October, France is reportedly leading […]
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Distributed ledger technology provider Iota, Dell Technologies and the Linux Foundation are collaborating to score data based on trustworthiness. Distributed ledger technology provider Iota, Dell Technologies and the Linux Foundation are collaborating on Project Alvarium. In an Oct. 28 press release, the nonprofit Linux Foundation announced it was forming a new project with support from […]
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Libra has gotten off to a spluttering start in the eyes of regulators. But could central banks swoop in and save the day? Ever since the vision for a Libra stablecoin was unveiled in its white paper back in June, Facebook has suffered a startling backlash from countries around the world. Some American politicians have claimed the […]
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Alipay denies providing support for Bitcoin trading amid reports of Binance accepting fiat deposits via popular payment channels. Earlier in October 2019, Binance announced a fiat on-ramp for crypto trading via Chinese payment services Alipay and WeChat. This move was part of the exchange giant’s peer-to-peer (P2P) trading rollout for Bitcoin (BTC), Ether (ETH) and Tether […]
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G20 nations call upon the International Monetary Fund to examine the macroeconomic implications of global stablecoins. The G20 finance chiefs of the world agree that global stablecoins give rise to a set of public policy and regulatory risks. On Oct. 18, Reuters reported that the G20, an international forum for the governments and central bank […]
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A Financial Times opinion piece continues Bruno Le Maire’s harsh criticism of Facebook’s unlaunched digital currency, Libra. France’s economy and finance minister has repeated his criticism of Facebook’s digital currency Libra, saying he cannot allow its existence. Le Maire: France has “clear position” on Libra In an opinion piece for the Financial Times on Oct. 17, […]
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Bitcoin swiftly broke out of the $7,000 territory on Thursday as news the U.K. was leaving the European Union with a deal boosted markets. Bitcoin (BTC) climbed back above $8,000 on Oct. 17 as news the United Kingdom had agreed on a deal with the European Union over Brexit ricocheted through markets. Cryptocurrency market daily […]
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United States law enforcement agencies analyzed Bitcoin transactions to locate and subsequently shut down a global child pornography site. United States law enforcement agencies analyzed Bitcoin (BTC) transactions to locate and subsequently shut down a global child pornography site. Per an Oct. 16 press release, the U.S. Department of Justice announced the shutdown of the […]
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Europol released its 2019 Internet Organized Crime Threat Assessment report, which shows that crypto-ransomware remains a top threat. The European Union Agency for Law Enforcement Cooperation (Europol) released its 2019 Internet Organized Crime Threat Assessment (IOCTA) report. Crypto exchanges continue to be a magnet for hackers On Oct. 9, Europol presented its IOCTA report of […]
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