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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...

U.S. Congress Summons Mark Zuckerberg to Testify on Libra Cryptocurrency

October 4, 2019 by Anthonia Isichei at Altcoins

Facebook’s Chief Operating Officer, Sheryl Sandberg, is scheduled to appear before the U.S. House Committee later in October to discuss the Libra cryptocurrency. However, according to a report by The Information on October 4. 2019, there is a condition that needs to be met before Sandberg’s appearance – Mark Zuckerberg...

Leading Telecoms Firm Accelerating Blockchain Adoption in Europe

The EU Needs to Launch a Cryptocurrency, Says deVere CEO Nigel Green

October 3, 2019 by Osato Avan-Nomayo at Altcoins

Nigel Green, CEO of deVere Group — a global financial advisory company, says the European Union needs to seriously consider cryptocurrency adoption per a report by IT-Online. Meanwhile, banking giants across the globe are beginning to shift from an anti-crypto stance towards developing their own blockchain-based business solutions. The EU...

Magnifying Glass Cracking the Libra Coin

Initial Backers of Facebook’s Libra Consortium Second Guessing Decision to Join

October 2, 2019 by Ashwath Balakrishnan at Altcoins

Visa, PayPal, Mastercard, and Stripe, all of whom signed non-binding agreements to be a part of the Libra consortium, are now unsure of whether they want to go ahead with Libra. According to Bloomberg sources, the companies are being asked to confirm their intent by October 14, when the charter...

Guys looking at Libra on whiteboard perplexed

FINMA Chief Fears Unregulated Cryptocurrency Offerings, Open to Libra Deployment

October 2, 2019 by Ashwath Balakrishnan at Altcoins

Mark Branson, the head of FINMA, is more worried about cryptocurrency networks being developed behind the scenes and scaling to a height where they cannot be stopped. While Libra is open to regulatory collaboration, there are plenty of projects that are being developed in silent and spreading through cyberspace, as...

Facebook COO Sandberg Could Testify As Soon As October 2019

September 27, 2019 by Aisshwarya Tiwari at Altcoins

A Bloomberg report published on September 27, 2019, claims that multi-billion social media giant Facebook Inc. is in talks with a prominent congressional committee for its Chief Operating Officer (COO) Sheryl Sandberg to testify as soon as the next month. Facebook Pushing for Libra Approval Per sources close to the...

Singapore: MAS Partners JP Morgan to Develop Blockchain-Enabled Payments Network

Former Fed Official Refutes BoE Governor’s Suggestion to End Dollar Dominance

September 26, 2019 by Ashwath Balakrishnan at Bitcoin

Ex Federal Reserve senior official, Simon Potter, has rebutted against Mark Carney's recent suggestion to introduce a digital currency to be used as the global reserve currency for international settlement. According to BNN Bloomberg, Potter believes there are numerous benefits countries receive for using the dollar to settle international trade balances,...

SEC Head looking at Libra and Libra looking back hands on hips

SEC Head Unsure of Classifying Libra Cryptocurrency as a Security

September 25, 2019 by Edoardo Vecchio at Altcoins

The Chariman of U.S. the Security and Exchange during his latest address to congress shed ambiguous light the regulatory concerns surrounding Facebook’s Libra. As described in a post from Reuters, Jay Clayton, head of the SEC, didn’t provide any detailed statements about whether Facebook’s Libra will be regulated as securities...

IBM and Facebook puzzle pieces joining blue

IBM Considers Joining the Libra Association

September 24, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

IBM, a formidable force in the distributed ledger technology (DLT) space has made it clear that its open to collaborating with Facebook to make the social media giant’s Libra cryptocurrency project a huge success, reports CNBC on September 23, 2019. IBM Open to Working with Libra Consortium Tech and blockchain...

Japan Joins Brigade of Libra-Cautious Countries

September 24, 2019 by Ashwath Balakrishnan at Altcoins

After several of the most powerful countries voiced their concerns regarding Libra, Japan has joined in on urging for a cooperative framework to mitigate the risks posed by Libra. Reuters reports events from a meeting between Bank of Japan officials and business persons in Osaka, September 24, 2019. Growing Uncertainty for...

China National Blockchain Network Goes Live April 2020

China Avoids Rushing the Launch of its Central Bank Digital Currency

September 24, 2019 by Ashwath Balakrishnan at Altcoins

Chinese officials have confirmed that they have no timetable in place for the launch of their central bank digital currency (CBDC). This comes just weeks after a formal announcement by the PBoC that a launch is being scheduled by year-end. Global Times reports, September 24, 2019, that China is actively...

A coin looking pretty stable on some rocks

IMF Contemplates the Risks and Rewards of Stablecoins

September 20, 2019 by Osato Avan-Nomayo at Altcoins

The International Monetary Fund (IMF) published a new staff paper on September 19, saying stablecoins can cause significant disruptions to the current global payments framework. However, the organization also admits that this type of cryptocurrencies can contribute to improving financial inclusion across the world. Disintermediation of the Finance Sector According...

Facebook Met U.K. Regulators Months Before Libra Announcement

September 19, 2019 by Ashwath Balakrishnan at Altcoins

Facebook has endured several setbacks in launching Libra as governments are finding it difficult to allow it to run without robust AML practices. Reuters revealed that Facebook has multiple meetings with the finance ministry and various regulators in the U.K (FCA, BoE), September 18, 2019. Facebook's Pre Launch Discussions Before Libra was...

Libra looking over a tower of bank notes

David Marcus: Libra Cryptocurrency is not a Threat to Sovereign Currencies

September 16, 2019 by Anthonia Isichei at Altcoins

Facebook executive David Marcus, has come out to debunk reports about the Libra cryptocurrency being a threat to sovereign currencies, in a thread on September 16, 2019. Working With, Not Against There have been reports that Facebook’s cryptocurrency, libra, was created to threaten sovereign currencies of nations. This sentiment is...

Paypal Man Sitting Next to Libra wondering what it is all about

PayPal Cautiously Believes in Libra’s Potential Despite Regulatory Concerns

September 16, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Paypal, an American centralized payments services company has made it clear that it firmly believes in the potential of the social media giant's global cryptocurrency project despite the intense scrutiny of governments and central banks on Libra, as well as the regulatory bottlenecks surrounding the cryptoasset, according to a Channelnewsasia...

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