Global investment bank RBC Capital Markets expects Facebook to release white paper for its crypto project on June 18. Global investment bank RBC Capital Markets believes that Facebook’s upcoming crypto project will be a major milestone in the firm’s history, CNBC reports June 14. In a note to investors, RBC Capital analysts Mark Mahaney and […]
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Facebook hired Standard Chartered Bank’s head of public affairs Ed Bowles for its cryptocurrency project, dubbed “Libra.” Facebook has reportedly hired Standard Chartered Bank’s head of public affairs Ed Bowles for its cryptocurrency project, the Financial Times reports on June 14. Per the report, Facebook hired the senior bank lobbyist in anticipation of the greater […]
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Visa, Mastercard, PayPal, Uber and others have allegedly each invested around $10 million in the governance consortium. Facebook has allegedly sealed backing from over a dozen firms that include Visa, Mastercard, PayPal and Uber for its soon-to-be-unveiled cryptocurrency project. The news was reported by the Wall Street Journal (WSJ) on June 13. Source ostensibly familiar […]
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Visa B2B Connect contains elements of Hyperledger technology in order to transfer more data on cross-border payments. United States’ payment giant Visa has launched a cross-border payment network derived from some aspects of blockchain technology, Reuters reports June 11. The network, called “Visa B2B Connect,” is designed to facilitate international payments made by global financial […]
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Crypto lobbying is growing, but it’s being led by “noncrypto” companies. Crypto is on the march, and not just in terms of market price. Not only does data indicate that the number of ID-verified users of cryptocurrency doubled over 2018, but there are various other metrics that suggest that adoption is gaining traction. As many as 84% […]
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Crypto users in Iran resort to p2p bitcoin exchanges following the shutdown of LocalBitcoins. Iran’s plan to battle international sanctions through the use of a state-sponsored cryptocurrency has been brewing for over a year now. It’s been a viable and exciting option for a country that had been cut off from the global economic community […]
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Facebook’s payment-focused cryptocurrency Globalcoin could face demographic challenges, according to recent research by crypto analysis firm Diar. Facebook’s payment-focused cryptocurrency Globalcoin will face demographic challenges, according to recent research by cryptocurrency analysis firm Diar published on May 28. Facebook’s native cryptocurrency — which will purportedly seek to disrupt or bypass banking networks in order to […]
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Social media giant Facebook plans to launch its own payments-focused cryptocurrency “Globalcoin” in 2020. Social media giant Facebook plans to launch its own payments-focused cryptocurrency “Globalcoin” in 2020, according to a BBC news report published on May 24. The BBC reports that tests for the forthcoming digital currency are planned to take place by the […]
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Eric Swalwell, a United States Democratic presidential candidate for the 2020 elections, has launched a crypto donations campaign. Eric Swalwell, a United States Democratic presidential candidate for the 2020 elections, has launched a crypto donations campaign, according to a press release shared with Cointelegraph on May 23. Swalwell, 38, announced his presidential bid on April […]
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Floyd Mayweather and DJ Khaled had been involved in promoting Centra Tech’s fraudulent initial coin offering. High-profile boxer Floyd Mayweather and music producer DJ Khaled have been dismissed from a lawsuit brought by investors in a fraudulent initial coin offering (ICO,) according to a court document filed on May 13. The celebrities had been involved in […]
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