Libra in ongoing discussions with EU regulators following pushback from Germany and France, says managing director. The Libra Association is in talks with European Union regulators, according to its managing director, according to an interview with Reuters, Sept. 27. Bertrand Perez said that discussions were ongoing and there was still work to do, in one […]
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The firm behind smart contract platform RSK purchased Latin American social media giant Taringa with exposure to 30 million users. A subsidiary of Argentinian smart contract platform RSK has purchased Latin America’s social media giant Taringa, gaining exposure to 30 million users. RSK-powered rewards for content on Taringa IOVlabs, a startup dedicated to the development […]
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Facebook hires lobbyists as Zuckerberg dines with lawmakers to try to get Libra across the regulatory line. When Facebook published the Libra white paper in June 2019, shockwaves were felt across the crypto markets the world over. Triggering the end of a long bear market, Bitcoin soared past the iconic $10,000 mark, and many prominent […]
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The chief economist at ING says that Facebook’s plan to launch a digital currency has put pressure on central banks to launch their own. The chief economist of Dutch multinational banking and financial services giant ING says that Facebook’s plan to launch a digital currency has put pressure on central banks to launch their own. […]
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What problems might blockchain face leading up to Libra’s launch and how can they be solved prior to Facebook’s entry into the crypto space? Many people have heard of blockchain technology, but few know what to make of it. Some people will tell you that it’s the next big thing, poised to disrupt almost every […]
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The major flaw in Facebook’s planned cryptocurrency, Libra, is that it’s a closed system — akin to a “walled garden” — argues Ripple executive Marcus Treacher. The major flaw in Facebook’s planned cryptocurrency, Libra, is that it’s a closed system — akin to a “walled garden.” That’s the argument made by Marcus Treacher, Ripple’s senior […]
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Director at Swiss crypto bank Sygnum and former CEO of the largest Swiss bank UBS sees an opportunity to tap the $220 billion cryptocurrency market. Peter Wuffli, the former CEO of Switzerland’s largest bank UBS and director at Swiss crypto bank Sygnum, wants to tap the “$220 billion market of institutions and private individuals who […]
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The Facebook CEO appeared very keen to address criticism of Libra in advance, in stark contrast to the company’s previous style. Facebook is taking a much more careful approach to Libra than its previous projects, CEO Mark Zuckerberg has confirmed. Zuckerberg on Libra: Talking first, rollout second Speaking in an interview with Asia-based news outlet […]
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An ex-Fed official says it makes no sense to end U.S. dollar dominance by replacing it with a digital currency, such as Facebook’s Libra coin. Ex-United States Federal Reserve official Simon Potter stated that the plan to end the U.S. dollar’s dominance by replacing it with a digital currency makes no sense. Central banks unlikely […]
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Binance’s decision to re-enter the Chinese crypto market seems to make a lot of sense to many experts operating within this space. In what is being considered a major step forward for Binance, CEO Changpeng Zhao (aka CZ) recently announced that his firm was all set to make its first strategic investment in China since […]
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