#Libra News

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...

Magnifying Glass Cracking the Libra Coin

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...

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...

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