Commercial banks should work out their own transfer systems as an alternative to Facebook’s Libra, urged Jens Weidmann, President of Bundesbank and member of the Governing Council of the European Central Bank (ECB). Euro Area Banks Should Not Rely on Facebook’s Libra Banks in the Euro area should explore tools for faster, cheaper transfers, but...Read More
The crypto industry, Bitcoin, blockchain, and any of its varieties is driven primarily by hype and speculation as the emerging technologies underlying each asset are often too new or unproven to yet provide a realistic valuation.Due to this, the constant ebb and flow of FUD and FOMO often dictate market movements and turn major losers...Read More
Telegram has announced it will launch its own cryptocurrency as soon as October, sources have said, in a direct move against Facebook Libra. Sources: Gram Cryptocurrency To Appear By October 31 Speaking to the New York Times on August 27, three anonymous investors said that Telegram had confirmed the issuance of its Gram tokens would...Read More
Ever since its announcement in mid-June 2019, the libra coin has been dealing with pressure from the public and U.S. regulators. Facebook, the social media giant, has been prone to hacking risks that have led to the breach of information security. U.S. lawmakers have been skeptical about Facebook and the libra coin. Today, it seems...Read More
According to a new report from the Financial Times, two members of the Libra Association, a group designed to support the Libra currency, are starting to have doubts regarding Facebook’s project. As regulators have been trying to stop the new currency from being launched, Facebook is worried that it will continue to face the regulatory...Read More
The founders of the Gemini crypto exchange, Tyler and Cameron Winklevoss, have stated that they are open to join Mark Zuckerberg’s Libra Association. It seems that the twins, which have been in a legal settlement over the ownership of the Facebook website, will not let past disputes interfere with the possibility of a partnership with...Read More
The U.S. House Financial Services Committee delegation plans to visit Switzerland to exchange views about Facebook’s Libra with the Swiss FDPIC Adrian Lobsiger. A United States House of Representatives delegation plans to visit Switzerland on cryptocurrency concerns. Libra stablecoin, which is the Facebook‘s project, will be the primary focus of these discussions. A group of...Read More
