The U.S. government reacted to Facebook’s Libra “like they almost want to be left behind,” says Coinbase CEO Brian Armstrong. Brian Armstrong, CEO and co-founder of major crypto exchange Coinbase, tweeted on Oct. 5 that he expects the United States to react to China’s stablecoin project by reconsidering its “ridiculous” response to Facebook’s Libra digital […]
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A few altcoins are looking strong. Is it a good time to buy or is this only a dead cat bounce? Let’s study the charts. Apple CEO Tim Cook said that he is not comfortable with private companies creating their own cryptocurrencies. Therefore, he ruled out plans of Apple releasing its own currency token. Though […]
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Prominent Bitcoin trader Tone Vays discusses crypto, Libra, Bakkt and sh*tcoins with digital asset market analyst filbfilb. After an incredibly disappointing year in 2018, Bitcoin woke from hibernation in early April 2019 and rallied with vengeance toward a yearly all-time high at $13,800. Alas, all good things must come to an end and such was […]
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China Merchants Bank International together with Nervos Network will develop and launch blockchain-based solutions for DeFi applications. Hong Kong-based China Merchants Bank International (CMBI) will develop and launch blockchain-based solutions for its financial services. CMBI and Huobi partner with Nervos In an Oct. 3 press release shared with Cointelegraph, CMBI, a wholly-owned subsidiary of China […]
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Stablecoins could pose “regulatory challenges,” says Randall Quarles, chair of the Financial Stability Board. Randall Quarles, chair of the Financial Stability Board (FSB), has claimed that the potential scale of stablecoins such as Facebook’s Libra could present future “regulatory challenges.” Quarles voiced his opinion during a presentation at the European Banking Summit in Belgium on […]
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China Merchants Bank International is partnering with Nervos Network to jointly develop new decentralized finance applications. China Merchants Bank International (CBMI) is partnering with Nervos Network — a Chinese blockchain startup founded by a former researcher and developer of the Ethereum Foundation. A press release published on Oct. 3 revealed that the new partnership will […]
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The U.S. House Financial Services Committee invites Facebook COO Sheryl Sandberg to testify on the condition that CEO Mark Zuckerberg follows suit by January. The United States House Financial Services Committee has reportedly invited Facebook COO Sheryl Sandberg to testify on Oct. 29 about the company’s plans for its Libra stablecoin. According to a report […]
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In a recent interview, Tim Cook stated he believes money should remain a matter for governments, not businesses. Apple has no intention to follow Facebook in creating its own digital currency, the company’s CEO Tim Cook has said. Cook “not comfortable” about firms creating money Speaking in an interview with French media magazine Les Echos […]
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The latest rumors of Facebook’s digital currency losing members come after PayPal failed to attend a key meeting. Payment processor PayPal has sparked fresh concerns that it has cold feet about joining Facebook’s Libra digital currency. Libra “Pre-work” is not enough for PayPal As news agency Financial Times reported on Oct. 3, PayPal did not […]
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Central bank digital currencies are “inevitable,” says Patrick Harker, president of the Federal Reserve Bank of Philadelphia. Patrick Harker, president of the Federal Reserve Bank of Philadelphia, is confident that central bank digital currencies are inevitable. As Reuters reported on Oct. 2, Harker expressed the idea that central banks — including the Federal Reserve — […]
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