#Libra News

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...

Swiss data Commisioner Switzerland Flag binoculars witnesses Libra

Libra Returns to Center Stage as American Delegation Holds Talks with Swiss Regulators

August 19, 2019 by Ashwath Balakrishnan at Regulation

Libra is back to making headlines after a brief stint in the shadows following news that they may not launch if regulators don't approve of the project. As per a Bloomberg report, August 18, 2019, a delegation of six bureaucrats, led by Rep. Maxine Waters, will discuss Libra with the Swiss Federal...

ZenGo Wallet Celebrating next to Calibra Wallet

ZenGo Bitcoin Wallet Adds Support for Facebook’s Libra

August 19, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

ZenGo, a keyless multi-cryptocurrency wallet created by an Israel-based blockchain startup, has added support for Facebook’s Libra coin which is slated to go live in 2020. The wallet lets users store a test version of Libra that has no monetary value, to enable them to get familiar with the stablecoin...

Looking in a filing cabinet to find Facebook' coin under project libra drawer

Facebook’s Libra Could Undermine Sovereign Currencies According to Former Bank of Japan Exec

August 3, 2019 by Edoardo Vecchio at Altcoins

A former employee of the Bank of Japan (BoJ) believes that Facebook's Libra may threaten the impact of local monetary policies. Libra may reduce the overall effectiveness of monetary policies as well as weaken emerging markets currencies. Eventually, even though Libra might be delayed or even stopped, it is impossible...

Walmart Stablecoins pointing at a Walmart shop

Walmart Files Patent for Stablecoin

August 2, 2019 by Ashwath Balakrishnan at Altcoins

Retail behemoth Walmart has filed a patent with the U.S. Patent and Trademark Office for a stablecoin that is tied one for one to a reserve of fiat currency - most likely the dollar, August 1, 2019. The stablecoin will be issued and monitored over a blockchain, which is more...

Guys looking at Libra on whiteboard perplexed

Regulatory Pressure Could Prevent Facebook’s Libra from Launching

July 31, 2019 by Anthonia Isichei at Altcoins

The intense scrutiny from regulatory agencies, governments, and central banks globally regarding Facebook’s Libra, could just be the end of the company’s stablecoin project. According to a report by CNBC, Facebook revealed in a recent filing with the U.S. Securities and Exchange Commission (SEC) that plans to launch Libra in...

Monex Group Interested in Joining Facebook’s Libra Consortium

July 27, 2019 by Ogwu Osaemezu Emmanuel at Business

Oki Matsumoto, President of Monex Group, a Japan-based financial services company backing the Coincheck cryptocurrency exchange, is interested in participating in Facebook's Libra cryptocurrency project and has submitted an application to that effect, according to a Reuters Japan report on July 26, 2019. Monex Group's Application to Join Libra Project...

Magnifying Glass Cracking the Libra Coin

Ripple CEO Fears Regulation Fallout from Facebook’s Libra

July 26, 2019 by Ashwath Balakrishnan at Regulation

Brad Garlinghouse, the CEO of Ripple Inc, is concerned about the U.S. government's recent jump into action after the announcement of Libra. In an interview with Fortune, July 25, 2019, Garlinghouse speaks about his discontent with Trump's bunching of cryptocurrencies, and the potential regulatory conundrum that Libra has awoken. The...

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

Research: Over 90 Percent of Americans don’t Trust Facebook’s Libra

July 25, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

While Mark Zuckerberg and his associates are busy brainstorming on how to put Project Libra in the good books of financial regulators across the globe before 2020, it appears the team may have much more work to do. The latest research report by CivicScience has revealed that a vast majority...

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