Libra

China is reportedly set to launch its state crypto on the country’s biggest shopping day. | Source: Shutterstock Facebook’s fears that the bottlenecks tech firms in the free world face in developing cryptocurrencies risks opening the door for more closed societies to take the lead have been confirmed. According to Forbes, China has already developed...Read More

Rep. Maxine Waters, chairwoman of the United States House Financial Services Committee said on Sunday she remained worried about Facebook’s cryptocurrency project, Libra, after meeting Swiss regulators in Switzerland – where the cryptocurrency is to be headquartered. Waters said in a statement: “While I appreciate the time that the Swiss government officials took to meet...Read More

Following a visit to Switzerland to meet with the country’s financial regulators, United States lawmakers are still concerned over Facebook’s proposed cryptocurrency project, Libra. A delegation of the United States House of Representatives visited Switzerland last week because they have been concerned about cryptocurrency issues, especially regarding Facebook’s yet-to-come stablecoin Libra. Representative Maxine Waters published...Read More

Governor of the Bank of England Mark Carney put forward the idea of replacing the U.S. dollar with a central bank-issued cryptocurrency like Facebook’s Libra. Carney Proposes The Synthetic Hegemonic Currency On August 23, 2019, while addressing the Federal Reserve Symposium in Jackson Hole, Wyoming, Carney described how Brexit uncertainties, persistent world trade tensions, and...Read More

Since the announcement of Facebook’s Libra cryptocurrency, the crypto market and even the tech sector has never been the same. It’s got regulators up in arms about Bitcoin, crypto assets are crashing, and the project may not ever even see the light of day. Even partners have started to abandon the project.The post appeared first...Read More

The supposed coordination of governments and tech companies to create a one-world, cashless society is often viewed as little more than fodder for silly Youtube conspiracy videos. After all, cash is still king in daily life, even in extremely high-tech, innovative societies like Japan. Upon closer examination, though, current realities like Australia’s proposed cash transaction...Read More

As regulatory pressure continues to mount against Facebook’s proposed cryptocurrency Libra, at least three companies that are part of the governing association of Libra are contemplating withdrawing their support for the much-hyped stablecoin. According to Financial Times, two members of the Libra Association may leave the community altogether. Also, one member is allegedly concerned that...Read More

Facebook’s Libra may be facing multiple threats from regulators, but the same critics are now racing to beat the social media giant at its own game. Experts: Chinese Libra May Come First The US, China and European Union are all concerned about Facebook’s digital currency. According to fresh reports, however, it is China which is...Read More

Facebook is reportedly already under investigation by the EU over antitrust issues related to its Libra cryptocurrency project. A document seen by Bloomberg indicates that the European Commission is “currently investigating potential anti-competitive behavior” by the Libra Association. The report describes the document as a questionnaire suggesting the commission is concerned that Facebook’s planned digital payment system could unfairly...Read More

Facebook’s Libra project has been questioned by European Union anti-trust regulators. They are concerned about the project, popularly referred to as a cryptocurrency, restricting competition.Libra has been subject to immense scrutiny already from global policy and law makers. In fact, the company recently admitted that the regulatory pressure might force it to postpone or even...Read More

It’s been over a month since Head of Calibra, David Marcus faced a grilling at the hands of the Senate Committee. And considering Facebook’s track record on misuse of personal data, many predicted that Marcus would be walking into an inquisition.But despite that, there’s no denying that Libra jolted lawmakers into finally taking cryptocurrency seriously....Read More

We now know the reason why China’s central bank is rushing to issue its “cryptocurrency” as quickly as possible: Facebook’s Libra. | Source: Shutterstock By CCN Markets: We now know the reason why China’s central bank appears to be rushing to issue its “cryptocurrency” as quickly as possible. Beijing, reports suggest, is worried that Facebook’s...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

Former rivals may unite to back Facebook’s cryptocurrency’s effort. According to the brothers, the partnership will further their vision of mainstream cryptocurrency adoption. Identical twins Cameron and Tyler Winklevoss – who are perhaps most famous for accusing their former Harvard classmate Mark Zuckerberg of stealing their idea for what has become the world’s largest social...Read More

Many deem Binance’s newly announced Venus stablecoin project as a competitor to Facebook’s Libra crypto. But Binance’s CZ says otherwise. | Source: (i) REUTERS / Darrin Zammit Lupi (ii) Shutterstock: Edited by CCN By CCN Markets: Binance has announced today its Venus stablecoin project that many deem as a competitor to Facebook’s upcoming Libra crypto....Read More