#Libra News

Facebook Heavily Criticized in Congressional Hearing, Zuckerberg Evades Specific Questions

Facebook: Libra Cryptocurrency Faces Strict Regulatory Standards from U.S. Treasury

September 11, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

United States Treasury Under Secretary of Terrorism and Financial Intelligence, Sigal Mandelker, has declared that Facebook’s proposed Libra global cryptocurrency project will not be launched unless Libra complies with tough anti-money laundering (AML) and anti-terrorist financing standards, reports Reuters on September 10, 2019. Libra Must Comply or Die As the...

Tiwtter Breakthrough Telegram Bitcoin Twitter

Twitter Doesn’t Intend to Enter Cryptocurrency Contest with Facebook and Telegram

September 9, 2019 by Ashwath Balakrishnan at Altcoins

Jack Dorsey, CEO of Twitter and Square, has confirmed that Twitter has no plans of rivaling Facebook and Telegram with a token offering of their own, as per Forbes, September 9, 2019. Square will focus on bettering their Bitcoin-based offerings as Dorsey believes that an open internet standard like Bitcoin...

Facebook’s Libra Slammed by European Central Bank Executive

September 3, 2019 by Edoardo Vecchio at Altcoins

According to news published on Bloomberg on Septemeber 2, Yves Mersch, an executive board member at the European Central Bank (ECB), stated that Facebook’s proposed Libra currency could undermine the European Central Bank’s ability to set monetary policy. You Can't be a Central Bank During the European Central Bank conference...

Telegram Cryptocurrency ‘Gram’ Available by October

August 28, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Telegram has hinted that the first batches of its Gram cryptocurrency will be available to a select group of investors by October 2019 and the Pavel Durov-led firm also plans to make the Gram wallet available to the nearly 300 million users of Telegram shortly, reports The New York Times...

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...

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