JPMorgan Chase CEO Jamie Dimon said that Facebook’s not-yet-released Libra stablecoin is “a neat idea that will never happen.” JPMorgan Chase CEO Jamie Dimon has said that Facebook’s not-yet-released Libra stablecoin is “a neat idea that will never happen.” Dimon delivered his comments during a speech at the Institute of International Finance conference on Friday, […]
Continue Reading
FATF has concerns over Libra’s potential use in money-laundering if Facebook’s proposed stablecoin is to become widespread. Global monetary watchdog, the Financial Action Task Force (FATF), has added its voice to the growing chorus of concerns over Facebook’s Libra and other stablecoins. Mass adoption of such currencies could hinder efforts to detect and stamp out […]
Continue Reading
A G7 task force believes that stablecoins could present a significant risk to the global financial stability, but also present an opportunity to update payment systems. A G7 task force reports that stablecoins, such as Facebook’s Libra, present significant risk to the global financial system but also have potential in the field of payments. Doubling […]
Continue Reading
The potential loss of Libra could be Bitcoin’s gain as the Facebook-led crypto project faces increasing regulatory challenges. Facebook’s dream of being a cryptocurrency giant is seemingly becoming more distant by the day, as increasing regulatory uncertainty continues to jeopardize the company’s Libra project. While Libra has been surrounded by anything but good news even […]
Continue Reading
The United Nations Development Programme has partnered with Dutch NGO the FairChain Foundation to use blockchain for the more equitable funding of cocoa farmers. The United Nations Development Programme has partnered with Dutch NGO the FairChain Foundation to use blockchain for the more equitable funding of cocoa farmers. According to an Oct. 17 report from […]
Continue Reading
RBC analysts believe that China’s digital currency might become the dominant digital currency if U.S. regulators dismiss Facebook’s Libra coin. Analysts at RBC Capital Markets have suggested that stifling Facebook’s Libra may leave the field open to China’s central bank digital currency (CBDC) to dominate in emerging economies. China shifts development of digital currency in […]
Continue Reading
CipherTrace, a blockchain security firm and Malta’s crypto supervisor, has expanded its crypto intelligence platform to 700 tokens. United States-based blockchain security firm CipherTrace has expanded its crypto intelligence platform to 700 tokens. Tracing hundreds of ERC-20 tokens With the expanded platform launched on Oct. 15, CipherTrace now allows clients to trace more than 87% […]
Continue Reading
A victim of the alleged crypto pyramid scheme OneCoin is receiving threats of death and violence after speaking out against the scam project. Glasgow-based Jen McAdam claims supporters of the alleged OneCoin pyramid scheme are sending her death threats, mainly through Facebook. Death threats reported to the police On Oct. 14, the BBC wrote that […]
Continue Reading
The Libra Association has formed a five-member board and set ground rules for its governance today at a meeting in Switzerland. The Libra Association, the governing body of Facebook’s proposed stablecoin, held its inaugural meeting today in Geneva, Switzerland. According to a report from Reuters on Oct. 14, the consortium reaffirmed their interest in creating […]
Continue Reading
U.S. Treasury Secretary Mnuchin said that firms are abandoning Libra due to its current inability to meet Anti-Money Laundering standards. United States Treasury Secretary Steven Mnuchin has attributed the recent spate of firms abandoning Facebook’s Libra stablecoin project to regulatory concerns. On CNBC’s Squawk Box on Oct. 14, Mnuchin stated that companies are abandoning the […]
Continue Reading