#Libra News

g& gang kickin back watching a guy point at stablecoins and an arrow saying huge risk whiteboard

G7 Report Labels Stablecoins as Significant Risk

October 14, 2019 by Ashwath Balakrishnan at Altcoins

The growth in stablecoin usage has soared since late 2017, and this has regulators and government bodies across the world incredibly worried. A new report formulated by central bank officials of the G7, the IMF, and the Financial Stability Board, believe that global stablecoins pose a systemic threat to the...

Libra waving at mastercard visa and stripe dudes

Libra in Danger After Mastercard, Visa, eBay, and Stripe Ditch Facebook Cryptocurrency Project

October 14, 2019 by Ashwath Balakrishnan at Altcoins

The development of Libra has taken a blow after four online giants bowed out of the Libra Association. Stripe and Visa are moving away from the project to focus on their own core operations, but they've kept the door open for a possible return if regulatory headwinds clear, as reported...

Telegram flying toward padlock in secure box red target

SEC Looks to Suspend “Unlawfully Sold” Telegram (GRAM) Cryptocurrency

October 12, 2019 by Ashwath Balakrishnan at Altcoins

The upcoming launch of GRAM tokens has become somewhat of a spectacle for the cryptocurrency community in recent months. With final token disbursement on the horizon, the SEC has filed for emergency action against Telegram and Telegram Open Network (TON), both of whom are offshore entities to the United States....

French Billionaire Calls to France in Support of Facebook’s Libra Cryptocurrency

October 11, 2019 by Edoardo Vecchio at Altcoins

Xavier Niel, a French billionaire businessman active in the telecommunications and technology industry who is best known as the founder of the French Internet service provider Iliad, wrote an article for LesEchos expressing his support for the Facebook crypto project, Libra, October 11, 2019. Don't Fear the Libra Libra will...

Facebook Heavily Criticized in Congressional Hearing, Zuckerberg Evades Specific Questions

Mark Zuckerberg to Testify Before Congressional Committee on October 23

October 10, 2019 by Ashwath Balakrishnan at Development

Facebook chief, Mark Zuckerberg, will testify in front of Maxine Waters led House Committee for Financial Services on in two weeks. After David Marcus sat through two days of difficult questions, the committee insisted on Zuckerberg coming down himself, and he has obliged. As per Bloomberg, the committee plans to...

EU Financial Services Chief Hints at Broad Cryptoasset Regulation

October 10, 2019 by Ashwath Balakrishnan at Bitcoin

During a parliamentary confirmation hearing, the European Commissioner for Financial Stability and Financial Services, Valdis Dombrovskis, said that the E.U. is planning to regulate cryptoassets following the unanticipated wake-up call from Libra. Bloomberg reports that Libra has shocked global regulators into action, and the E.U. is determined not to be left...

Mastercard, Visa and Stripe Asked to Reconsider Facebook Libra Participation by U.S. Senators

October 9, 2019 by Aisshwarya Tiwari at Altcoins

In a letter to Visa, Mastercard, and Stripe, Senate Democrats Sherrod Brown and Brian Schatz have asked the companies to reconsider their involvement with Facebook’s controversial Libra cryptocurrency project. This according to a report by BNN Bloomberg, published on October 8, 2019. Senators Try to Sway Companies Away from the...

Facebook Man and Telegram GRAM Man Libra arm wrestle over Bitcoin

Facebook Vs. Telegram: A Decisive Battlefield of Opposite Approaches to Cryptocurrency

October 7, 2019 by Ashwath Balakrishnan at Altcoins

Two formidable messaging rivals meet yet again, but this time in a new arena. Facebook and Telegram are taking antithetical strategies when it comes to digital currencies. Facebook is consulting with regulators and holding their hands as they walk them through the process, and Telegram planned it's entire move in...

Guys looking at Libra on whiteboard perplexed

Speculators Heaven: CoinFLEX Launches Derivatives to Gamble on Libra Launch

October 7, 2019 by Ashwath Balakrishnan at Altcoins

A relatively new cryptocurrency futures exchange, CoinFLEX, has announced they are launching a product for traders to speculate on whether Libra will launch in 2020 or not. As per Bloomberg, the product is designed so that it gives a payout based on whether or not the crypto will launch, but...

Apple Magnifying glass looking at cryptocurrency

Apple CEO Tim Cook Denies Interest in Creating an Apple Cryptocurrency

October 4, 2019 by Edoardo Vecchio at Altcoins

Apple CEO Tim Cook has publicly declared that the giant tech company is not planning to launch its own corporate cryptocurrency according to an interview on CNBC on October 3. Mr. Cooks highlighted that Apple does not believe in the idea of private corporations setting up private currencies that compete...

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