Governor of Australia’s central bank said that he expects to see regulatory compliance and a solid business case before Facebook’s Libra goes mainstream. Governor of the Reserve Bank of Australia (RBA), Philip Lowe, cautions that Facebook’s announced virtual currency—Libra—may not attain mainstream usage in the near future, according to a report by Bloomberg on June […]
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Ben Mezrich’s new book about the Winklevoss twins highlights their dislike of both Mark Zuckerberg and Roger Ver. Molly Jane Zuckerman is the head of news at Cointelegraph. The views expressed here are her own and do not necessarily represent the views of Cointelegraph. This article contains spoilers. The irony of a book about the […]
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Ripple CEO argues that there will not be one single crypto “rule them all,” stating that each one should prove its own use case. Bitcoin (BTC), and XRP, the third biggest coin by market cap, are not competitors, Ripple CEO Brad Garlinghouse claimed in a Fortune interview on June 20. In the interview, Garlinghouse outlined […]
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CNBC host Joe Kernen has been praised by bitcoin advocates for claiming that libra isn’t a cryptocurrency because of how it is pegged to fiat currencies. CNBC’s Joe Kernen claims he is being treated “like a god” on Twitter following a June 19 interview on Squawk Box where he questioned whether Facebook’s libra is a cryptocurrency. In the […]
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The G7 taskforce will examine how central banks can ensure cryptocurrencies comply with anti-money laundering laws and consumer protection rules. A G7 taskforce is being created to examine how central banks can regulate cryptocurrencies such as Facebook’s libra, Reuters reported on June 21. Francois Villeroy de Galhau, the governor of France’s central bank, said: “We want to combine being open […]
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Developers said they successfully implemented eToro’s eToken on Libra in the first week it became public. United Kingdom-based trading platform eToro has conducted a successful trial of issuing tokenized assets on Facebook’s Libra protocol. The company confirmed the results in a blog post on June 20. According to a Github repository detailing its activities, eToroX, […]
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Facebook’s newly announced cryptocurrency could shake up the industry and bring mainstream recognition to blockchain. Facebook has been in the news quite often over the past few years — and usually for all the wrong reasons. The social media giant has been lambasted over its privacy practices, its seemingly anti-consumer stance and even an apparent […]
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Most of the top 20 cryptocurrencies are reporting moderate losses on the day as bitcoin breaks $9,300. Monday, June 17 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) passed the $9,300 mark again. Market visualization courtesy of Coin360 Bitcoin is currently up about […]
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Summary of the first reactions on Facebook’s Libra. Facebook has released its much anticipated white paper for the cryptocurrency Libra. The initial reviews of the highly secretive mega-project are mixed, to say the least. Before taking a look at responses across the cryptosphere, let’s have a quick recap of the Facebook proposal. The Libra coin […]
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Cryptocurrencies will not receive wide acceptance in Australia as long as the local financial system is efficiently working, RBA said. Cryptocurrencies will not receive wide use in Australia as long as the local financial system is efficiently working, the Reserve Bank of Australia (RBA) stated in an official document issued on June 20. According to […]
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