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facebook libra govt. backed
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facebook libra govt. backed
Altcoin

Libra Hires Former Credit Suisse Executive Saumya Bhavsar As New General Counsel

Facebook’s digital currency project Libra has hired Saumya Bhavsar, the former global head of regulatory affairs and data protection at Credit Suisse as the new general counsel for Libra Networks, a fully owned subsidiary of Libra Association. Libra network would be responsible for the rollout of the libra digital stable coin and the Novi digital

Prashant Jha November 27, 2020

Facebook’s digital currency project Libra has hired Saumya Bhavsar, the former global head of regulatory affairs and data protection at Credit Suisse as the new general counsel for Libra Networks, a fully owned subsidiary of Libra Association. Libra network would be responsible for the rollout of the libra digital stable coin and the Novi digital

Altcoin
Altcoin

79% Cryptocurrency Holders In UK Are Men, Reports FCA

Financial Conduct Authority [FCA], a financial regulator based in the United Kingdom recently published a research note highlighting the interaction of the consumers with cryptocurrency.  Make It Or Break It Attitude Towards Crypto United Kingdom’s financial watchdog, the Financial Conduct Authority [FCA] has been operating in the country since 2013. As the financial world has

Sahana Kiran June 30, 2020

Financial Conduct Authority [FCA], a financial regulator based in the United Kingdom recently published a research note highlighting the interaction of the consumers with cryptocurrency.  Make It Or Break It Attitude Towards Crypto United Kingdom’s financial watchdog, the Financial Conduct Authority [FCA] has been operating in the country since 2013. As the financial world has

PayPal Venmo Crypto
News
PayPal Venmo Crypto
News

PayPal And Venmo May Support Crypto Trade By Sep. 2020

PayPal withdrew from the Facebook-led Libra association in October 2019. But if anonymous sources are to be believed, it appears the $199 billion Fintech Company may launch a crypto platform enabling their 350 million customers to buy and sell cryptocurrencies in the coming weeks reports CoinDesk, June 22, 2020. PayPal Might Offer Support For Crypto Trading

Dalmas Ngetich June 23, 2020

PayPal withdrew from the Facebook-led Libra association in October 2019. But if anonymous sources are to be believed, it appears the $199 billion Fintech Company may launch a crypto platform enabling their 350 million customers to buy and sell cryptocurrencies in the coming weeks reports CoinDesk, June 22, 2020. PayPal Might Offer Support For Crypto Trading

facebook libra govt. backed
Stablecoin News
facebook libra govt. backed
Stablecoin News

Facebook’s Crypto Project, Libra, Adds Singapore Govt. Backed Firm, Temasek

Singaporean firm, Temasek Holdings Private Limited, owned by the Government of Singapore joins the Libra Association. Along with Facebook, Uber, Andressen Horowitz, and Coinbase, the $300 billion dollar holding company becomes the most prominent member of the Association. The revelation was made in an press release yesterday by Libra. It also announced the addition of Paradigm

Nivesh Rustgi May 15, 2020

Singaporean firm, Temasek Holdings Private Limited, owned by the Government of Singapore joins the Libra Association. Along with Facebook, Uber, Andressen Horowitz, and Coinbase, the $300 billion dollar holding company becomes the most prominent member of the Association. The revelation was made in an press release yesterday by Libra. It also announced the addition of Paradigm

Bitcoin gold
Stablecoin News
Bitcoin gold
Stablecoin News

Analysts on How Facebook and the US Congress are Promoting Cryptocurrency

Facebook revamps its model for Libra as it outlines new plans to offer digital versions of single FIAT currencies (or stablecoins). The team expects a launch in 2020 itself. ‘Congresswoman Rashida Tlaib and her counsel introduce an Automatic BOOST to Communities (ABC) Act Bill which proposes ‘digital dollar’ implementation. Libra 2.0 Facebook introduces Libra 2.0, a

Nivesh Rustgi April 17, 2020

Facebook revamps its model for Libra as it outlines new plans to offer digital versions of single FIAT currencies (or stablecoins). The team expects a launch in 2020 itself. ‘Congresswoman Rashida Tlaib and her counsel introduce an Automatic BOOST to Communities (ABC) Act Bill which proposes ‘digital dollar’ implementation. Libra 2.0 Facebook introduces Libra 2.0, a

square crypto logo
Bitcoin News
square crypto logo
Bitcoin News

Twitter CEO Builds on Bitcoin, as Facebook’s Crypto, Libra, Faces another Back-Out

After the exit of PayPal, Ebay, MasterCard, Uber and more. Now, Vodafone has also decided to call it quits from the Libra Association. Vodafone was one of leading firms in the list of validators on the Libra Blockchain. Moreover, in a bid to pursue their goals towards improvements in the payment and financial services industry.

Nivesh Rustgi January 22, 2020

After the exit of PayPal, Ebay, MasterCard, Uber and more. Now, Vodafone has also decided to call it quits from the Libra Association. Vodafone was one of leading firms in the list of validators on the Libra Blockchain. Moreover, in a bid to pursue their goals towards improvements in the payment and financial services industry.

China-Digital-Yuan
Altcoin News
China-Digital-Yuan
Altcoin News

China’s Digital Yuan Could Outperform Libra, PayPal and Thrash Bitcoin’s Speed

It is widely reported that China is close to launching the Digital Yuan in their Renminbi internationalization drive and to minimize their dependence on the US Dollar. Now, according to recent reports, it is said that the People’s Bank of China (PBOC) issued coin, which will in no way resemble Bitcoin, will have a superior

Dalmas Ngetich December 9, 2019

It is widely reported that China is close to launching the Digital Yuan in their Renminbi internationalization drive and to minimize their dependence on the US Dollar. Now, according to recent reports, it is said that the People’s Bank of China (PBOC) issued coin, which will in no way resemble Bitcoin, will have a superior

Bitcoin News
Bitcoin News

CFTC Chairman Highlights the ‘Key Development’ around Bitcoin and Cryptocurrencies

CFTC chairman Heath Tarbert answers some of the hard-hitting questions around Bitcoin, cryptocurrency, and its’ on-going regulations in the US. The CNBC interview covers various aspects related to cryptocurrencies, like clarity on securitization and Libra. Escape Velocity for Bitcoin and cryptocurrencies The cryptocurrency markets have independently grown to about $220 billion. Moreover, the decentralization many of

Nivesh Rustgi November 21, 2019

CFTC chairman Heath Tarbert answers some of the hard-hitting questions around Bitcoin, cryptocurrency, and its’ on-going regulations in the US. The CNBC interview covers various aspects related to cryptocurrencies, like clarity on securitization and Libra. Escape Velocity for Bitcoin and cryptocurrencies The cryptocurrency markets have independently grown to about $220 billion. Moreover, the decentralization many of

Libra
Regulation News
Libra
Regulation News

Facebook Launches Payment Tool as its Crypto Plans with Libra Fail to see the light

Facebook announces the launch of  ‘Facebook Pay’ in a bid to finally enter the payments space. Facebook’s crypto project, Libra, seems to have fallen on its knees due to the regulatory resistance. Hence, as its vision of global payments and cryptocurrency are put on hold, the social media giant has initiated USD payments in the

Nivesh Rustgi November 13, 2019

Facebook announces the launch of  ‘Facebook Pay’ in a bid to finally enter the payments space. Facebook’s crypto project, Libra, seems to have fallen on its knees due to the regulatory resistance. Hence, as its vision of global payments and cryptocurrency are put on hold, the social media giant has initiated USD payments in the

China Central Bank
Regulation News
China Central Bank
Regulation News

China Central Bank Official Predicts Stiff Competition Among Banks Upon the Launch of Digital Yuan

A recent statement by Mu Changchun, the head of China’s Central Bank Digital Currency Research Institute claims that China’s digital currency will lead to strong competition among commercial banks. Institutions will compete to provide the best services using digital currencies. Two-Tier Approach With Digital Yuan – Mu Changchun China’s is the first of nations to roll out a

Supriya Saxena November 6, 2019

A recent statement by Mu Changchun, the head of China’s Central Bank Digital Currency Research Institute claims that China’s digital currency will lead to strong competition among commercial banks. Institutions will compete to provide the best services using digital currencies. Two-Tier Approach With Digital Yuan – Mu Changchun China’s is the first of nations to roll out a

Australia Officially Calls “More Data from Facebook Over Libra”, Joins Global Regulators
Stablecoin News
Australia Officially Calls “More Data from Facebook Over Libra”, Joins Global Regulators
Stablecoin News

More Regulatory Hurdles to Facebook’s Stablecoin – Could it Affect Crypto Markets?

Facebook’s cryptocurrency plans have faced hurdles from regulators all around the world. The US, UK, Japanese, and French governments have particularly opposed to it. Most recently, Australia, too, joined them expressing opposition to it. The Office of the Australian Information Commissioner (OAIC) is engaging in a broader regulatory approach. Reportedly, the government agency has emailed other

Nivesh Rustgi November 6, 2019

Facebook’s cryptocurrency plans have faced hurdles from regulators all around the world. The US, UK, Japanese, and French governments have particularly opposed to it. Most recently, Australia, too, joined them expressing opposition to it. The Office of the Australian Information Commissioner (OAIC) is engaging in a broader regulatory approach. Reportedly, the government agency has emailed other

Ethereum cofounder Joseph Lubin
Altcoin News
Ethereum cofounder Joseph Lubin
Altcoin News

Ethereum Co-Founder Joseph Lubin Explains Why Facebook Should Not Lead Libra

Joseph Lubin, co-founder of Ethereum in a recent interview commented that Facebook should not lead the Libra cryptocurrency project.  Facebook’s Past – A Major Roadblock for Libra’s Success In an interview with CNBC, he said that with all concerns regarding trust and personal identity, Facebook should not be spearheading the Libra project. Lubin further said that

Supriya Saxena November 5, 2019

Joseph Lubin, co-founder of Ethereum in a recent interview commented that Facebook should not lead the Libra cryptocurrency project.  Facebook’s Past – A Major Roadblock for Libra’s Success In an interview with CNBC, he said that with all concerns regarding trust and personal identity, Facebook should not be spearheading the Libra project. Lubin further said that

chinease polititian
Blockchain News
chinease polititian
Blockchain News

Famous Chinese Politician Denounces Libra While Expressing Optimism About China’s Digital Yuan

Respected Chinese official, Vice Chairman of China Center For International Economic Exchanges Huang Qifan has revealed that China may be the first country to launch a digital currency while denouncing Facebook’s popular cryptocurrency, Libra. Qifan called Libra a “delusional project that will never succeed.” Libra Is Delusional And Bound To Fail Huang Qifan, the former

Dare Shonubi October 29, 2019

Respected Chinese official, Vice Chairman of China Center For International Economic Exchanges Huang Qifan has revealed that China may be the first country to launch a digital currency while denouncing Facebook’s popular cryptocurrency, Libra. Qifan called Libra a “delusional project that will never succeed.” Libra Is Delusional And Bound To Fail Huang Qifan, the former

Vlad Zamvir
Altcoin News
Vlad Zamvir
Altcoin News

Here’s Why Ethereum Researcher Vlad Zamfir is Saying No to Facebook’s Libra

The vocal, zealous supporter and researcher at Ethereum Foundation, Vlad Zamfir is drawing a line. Taking to Twitter on Oct 23, the developer made it clear that he will not work with individuals or companies that are associated with Facebook’s Libra and those who support the Open Libra project. Acknowledging that his decision could be

Dalmas Ngetich October 26, 2019

The vocal, zealous supporter and researcher at Ethereum Foundation, Vlad Zamfir is drawing a line. Taking to Twitter on Oct 23, the developer made it clear that he will not work with individuals or companies that are associated with Facebook’s Libra and those who support the Open Libra project. Acknowledging that his decision could be

Representations of Libra and Bitcoin cryptocurrencies
Bitcoin News
Representations of Libra and Bitcoin cryptocurrencies
Bitcoin News

US Congressman Comes in Support of Bitcoin; Calls it “Very Real, Very Important”

In an interview with Laura Shin, Patrick McHenry, the North Carolina Republican representative, said that Bitcoin is an important project with an immense future utility. He urges policymakers not to lump and classify this “very real, very important project” with Libra. Bitcoin Different From Libra Clarifying that his comments are not meant to disparage any

Abhinav Agarwal October 26, 2019

In an interview with Laura Shin, Patrick McHenry, the North Carolina Republican representative, said that Bitcoin is an important project with an immense future utility. He urges policymakers not to lump and classify this “very real, very important project” with Libra. Bitcoin Different From Libra Clarifying that his comments are not meant to disparage any

Zuck
Regulation News
Zuck
Regulation News

Project Libra Should Be Ceased Till Loopholes Are Addressed – House Financial Services Committee

House Financial Services Committee Chairwoman, Maxine Waters has suggested that Facebook Inc. should cease the Libra project until the company manages to address the present loopholes in its social media business.  No Launch of Token Without Sign-off the US Regulators Waters further brought forth Facebook’s misappropriation of user’s personal data, hinting towards its role in

Supriya Saxena October 23, 2019

House Financial Services Committee Chairwoman, Maxine Waters has suggested that Facebook Inc. should cease the Libra project until the company manages to address the present loopholes in its social media business.  No Launch of Token Without Sign-off the US Regulators Waters further brought forth Facebook’s misappropriation of user’s personal data, hinting towards its role in

Regulator’s Eye on Libra Shouldn’t Apply to Bitcoin and Other Crypto - Crypto Champions
Altcoin News
Regulator’s Eye on Libra Shouldn’t Apply to Bitcoin and Other Crypto - Crypto Champions
Altcoin News

Libra Yet to Get $10 Million Commitment from Founding Members: Report

According to a BBC report Wednesday morning, none of Facebook Libra’s founding members have made any formal fund commitment to the highly controversial global project. Libra Founding Members Have Not Yet Committed to Back The Project Facebook in June, at the time of formally proposing its cryptocurrency project, Libra, had said that the project would be

Dare Shonubi October 23, 2019

According to a BBC report Wednesday morning, none of Facebook Libra’s founding members have made any formal fund commitment to the highly controversial global project. Libra Founding Members Have Not Yet Committed to Back The Project Facebook in June, at the time of formally proposing its cryptocurrency project, Libra, had said that the project would be

Facebook Officially Responds to US Congressional Committee’s Letter to Halt Libra Development
Regulation News
Facebook Officially Responds to US Congressional Committee’s Letter to Halt Libra Development
Regulation News

SEC to Regulate Facebook’s Crypto, Libra? Rep Introduces Bill for Stablecoins

On Tuesday, Rep. Sylvia Garcia (D-Texas) presented a new bill before the Senate House Financial Services Committee to classify stablecoins under ‘securities.’ The bill, if passed, would extend to Facebook’s Libra as well. The House of Financial Services Committee under Chairwomen Maxine Waters hasn’t been kind to Facebook about Libra. According to lawmakers, the proposed project

Nivesh Rustgi October 23, 2019

On Tuesday, Rep. Sylvia Garcia (D-Texas) presented a new bill before the Senate House Financial Services Committee to classify stablecoins under ‘securities.’ The bill, if passed, would extend to Facebook’s Libra as well. The House of Financial Services Committee under Chairwomen Maxine Waters hasn’t been kind to Facebook about Libra. According to lawmakers, the proposed project

mark zuckerberg
Altcoin News
mark zuckerberg
Altcoin News

Libra’s Future Hangs-in-the-Balance As Facebook CEO Prepares to Defend Libra Association in US Congress

Libra token offers an innovation upper-hand to the US to bolster its global financial superiority. Facebook will only be part of a US-regulated Libra project. Facebook’s CEO, Mark Zuckerberg is expected to testify before Congress on Wednesday on the launch of the Libra Association and the development of the Calibra wallet. The social media giant

Lujan Odera October 23, 2019

Libra token offers an innovation upper-hand to the US to bolster its global financial superiority. Facebook will only be part of a US-regulated Libra project. Facebook’s CEO, Mark Zuckerberg is expected to testify before Congress on Wednesday on the launch of the Libra Association and the development of the Calibra wallet. The social media giant

series of stablecoins
Stablecoin News
series of stablecoins
Stablecoin News

Facebook’s Crypto Project Head Proposes a New Stablecoins Design for Libra

At a banking seminar, David Marcus, yesterday proposed a plan to issue a series of stablecoins instead of a combined one. Marcus is optimistic of a launch by June 2020.  Facebook’s announcement of Libra has unsettled financial regulators all over the world. The userbase of Facebook poses a threat to the power of central banks

Nivesh Rustgi October 21, 2019

At a banking seminar, David Marcus, yesterday proposed a plan to issue a series of stablecoins instead of a combined one. Marcus is optimistic of a launch by June 2020.  Facebook’s announcement of Libra has unsettled financial regulators all over the world. The userbase of Facebook poses a threat to the power of central banks