#Libra News

Swiss data Commisioner Switzerland Flag binoculars witnesses Libra

Switzerland Central Bank Discusses Libra Cryptocurrency with Regulators

August 28, 2019 by Ogwu Osaemezu Emmanuel at Regulation

Switzerland National Bank’s (SNB) Vice Chairman, Fritz Zurbruegg has revealed that the apex bank is currently holding serious talks with relevant authorities across the globe concerning Facebook’s global cryptocurrency project, Libra, according to a Reuters report on August 27, 2019. Important Details Still Missing Per sources close to the matter,...

Magnifying Glass Cracking the Libra Coin

Libra Launches Bug Bounty Program, Rewards up to $10,000 for Critical Software Issues

August 28, 2019 by Ashwath Balakrishnan at Altcoins

The Libra Association has launched a bug bounty program for their testnet, with the goal of attracting more developers to audit their code base and reveal critical issues that could cripple the network, August 27, 2019. Rewards will go up to $10,000 depending on the severity of the bug, and...

Facebook in a Meeting with a CFTC official statue of liberty in the background

Facebook Hires Lobbying Firm in the Face of Regulatory Uncertainty

August 28, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

In a bid to conquer the regulatory challenges and uncertainties surrounding Facebook's yet-to-be-launched Libra cryptocurrency, the highly controversial social media giant has employed the services of Washington-based lobbying firm named FS Vector, reports O'Dwyer's on August 26, 2019. Facebook Hires Lobbying Firm Per sources close to the matter, Facebook has...

Congresswoman Maxine Waters “Still Concerned” About Facebook’s Digital Currency Plans

August 26, 2019 by Aisshwarya Tiwari at Altcoins

Facebook’s ambitious cryptocurrency project, Libra, continues to face regulatory approvals, as on August 25, 2019, the chair of the U.S. House Financial Services Committee (HFSC), Congresswoman Maxine Waters said that she’s “still concerned” about blue and white social media giant’s digital currency plans. This, according to a report by Reuters,...

Central Banker contemplating a central bank digital currency over the dollar

Global Central Bank Digital Currency as a Catalyst for the Demise of the U.S. Dollar

August 26, 2019 by Ashwath Balakrishnan at Finance

Earlier this week, Mark Carney, the governor of the Bank of England, brought up the idea of a central bank operated digital currency akin to Libra to bring an end to the dominance of the U.S. dollar as the global standard for trade and international hedges. Bloomberg extensively covered the...

Mike Pompeo Buttresses the need for Amenable Bitcoin Regulations

August 21, 2019 by Ogwu Osaemezu Emmanuel at Regulation

In an interview with CNBC’s Squawk Box on August 2019, United States Secretary of State Mike Pompeo has made it clear that the U.S. must regulate bitcoin and altcoins just like other digital payment systems and electronic financial transactions in the state, to make it harder for bad actors to...

Facebook WhatsApp smartphone money payments smiling emoji

Facebook’s WhatsApp to Launch Payment Service in Indonesia

August 21, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Facebook the highly controversial social media giant developing the Libra global stablecoin, is in talks with Indonesian digital payment platforms and fintech firms to enable it to launch a WhatsApp-based mobile payments service in the region, reports Reuters on August 20, 2019. Facebook Interested in Indonesia In a bid to...

EU Investigating Facebooks Libra Cryptocurrency From Anti-Trust Angle

August 21, 2019 by Ashwath Balakrishnan at Altcoins

The European Commission, an executive branch of the EU, has initiated their inquiry into Libra's ability to suppress rivals and create a financial monopoly. Reports from Bloomberg, August 21, 2019, confirm that the European Commission is scrutinizing the consortium of companies involved with Libra. Visa, MasterCard, Facebook, and the Commission have declined Bloomberg's request...

Libra cornered by metal pay app hockey mask

Youngest Bitcoin Millionaire Upgrades Crypto-Payments App to Depose Libra Cryptocurrency

August 21, 2019 by Anthonia Isichei at Altcoins

The self-acclaimed youngest bitcoin millionaire is seemingly ambitious and confident that a newly upgraded payments app would depose Libra even before the Facebook cryptocurrency has launched. In a Twitter post on August 19, 2019, the young cryptocurrency investor announced the launch of Metal Pay, which is touted to reach a...

Winklevoss Twins hands holding facebooks hand blue

Winklevoss Twins open to Partnering with Facebook for the sake of Cryptocurrency

August 20, 2019 by Ashwath Balakrishnan at Altcoins

Cameron and Tyler Winklevoss are brothers who are known for two things: their infamous dispute with Mark Zuckerberg and buying bitcoin at $8. In an interview with CNN, August 19, 2019, the brothers revealed they would be open to a partnership with Facebook over Libra. The brothers founded crypto exchange Gemini...

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