Cryptocurrency Analysis and News Portal
It has been a hugely eventful year in the crypto sphere, and perhaps one of the most important developments has been the announcement of Facebook’s Libra. However, as soon as it was announced that it was going to be launched next year, plenty of influential regulators expressed their doubts about the
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International Business Machines (IBM), one of the largest international IT companies worldwide, stated on Monday that it is looking forward to collaborating with Facebook and working on its cryptocurrency Libra.IBM’s general manager of blockchain and crypto services, Jason Kelley, said in an interview that the company encourages cooperation between companies
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The cryptocurrency space has been on an impressive run this year and one of the biggest developments this year was the announcement of Facebook’s Libra, the social media company’s very own crypto token. It goes without saying that it was a huge announcement and caused a lot of noise in
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David Marcus, the head of Calibra at Facebook, has said that a 2020 launch for Libra remains the company’s goal, despite regulators’ intense hostility toward the project.In an interview with Swiss newspaper NZZ on Sept. 20, he said that in the intervening time, the team behind Libra would need
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Facebook’s Mark Zuckerberg is in Washington for meetings with policymakers to discuss internet regulatory matters such as privacy, competition and its handling of political content.As noted in Bloomberg’s Sept. 19 report, the meetings come after a summer of intense scrutiny of Facebook’s proposed Libra stablecoin project from United States
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European officials are beating their heads, trying to figure out the challenges and risks of letting cryptocurrencies be operational in the region. It is part of a wider debate that seeks to establish the pros and cons of digital transformation of European economies as major nations across the globe embrace
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Libra, the cryptocurrency that is expected to be launched by Facebook (NASDAQ:FB) in 2020, has proven to be the biggest disruptor in the crypto sphere since June. Policymakers, central bankers, and even politicians have expressed their skepticism with regards to the project. Relief for Crypto Traders? The announcement in July created massive
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German Finance Minister Olaf Scholz stated that policymakers cannot accept parallel currencies such as Facebook's proposed Libra stablecoin.Prevent stablecoins from becoming alternative currenciesAs reported by Reuters, on Sept. 17, German Vice Chancellor and Finance Minister Olaf Scholz said during a panel discussion in Berlin that Facebook’s planned crypto coin
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Libra, the planned cryptocurrency led by Facebook, is to be questioned by officials from 26 central banks in Switzerland today. Representatives from the heavily scrutinized project will face a grilling by officials from central banks, including the US Federal Reserve and the Bank of England, over the cryptocurrency’s “scope and design.” Since
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CEO of Calibra, Facebook’s digital wallet for its proposed Libra stablecoin, has attempted to debunk the notion of Libra’s threat to the global financial system.Not new money but a better payment networkAmid the ongoing meeting between Libra founders and 26 global central banks in Basel, Calibra CEO David Marcus
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