Bitcoin Blockchain and Cryptocurrency News Center
As the Cointelegraph reported, the Libra Association just filled a key role. The Libra Association, the group behind Facebook’s digital asset endeavor, unveiled an update to its brass. The association announced Sterling Daines as the chief compliance officer of the outfit, said a statement provided to Cointelegraph staff. Daines will leave his post at Credit Suisse […]
Binance Research gives further rationale for referencing Facebook’s Libra as the SpaceX of the payments world. A recent report from Binance Research claimed Facebook’s Libra is as disruptive for the payments industry as SpaceX was for interstellar travel — but why? When it entered the rocket sector, SpaceX found an industry laden with high […]
Governments around the world are facing hard choices when it comes to cryptocurrency: overregulate it and risk losing the benefits to the economy, or do nothing and make themselves vulnerable to those who step up. Currently, the European Union can’t figure out what to do about Libra, the digital currency set to be released by […]
The Libra Association — the government body of the eponymous stablecoin introduced by Facebook in late 2019 — has formed a new committee to guide the network’s technical development, the Cointelegraph reported on January, 17. According to an announcement on Jan. 16, the Libra Association has voted to establish the five-member Technical Steering Committee which comprises leading […]
As the Libra stablecoin project continues to face a hostile audience of regulators, Facebook launches a new fiat payment system called Facebook Pay, the CoinTelegraph reported. Empower people everywhere to buy and sell things online On Nov. 12, the social media giant announced that it is introducing Facebook Pay, a payment system that is designed to facilitate […]
Facebook’s CEO Mark Zuckerberg returned to Capitol Hill to testify before Congress on Oct. 23 about the company’s planned use of the cryptocurrency it is backing, Libra, attempting to debunk the voluminous number of concerns surrounding Facebook’s regulatory measures. This marks Zuckerberg’s first testimony to Congress since his last journey to Capitol Hill back in April 2018 after the […]
Bitcoin (BTC) and cryptocurrencies are causing some confusion for regulators globally. Designed usually as peer-to-peer payment platforms, cryptocurrencies seek to improve trust, security and privacy by significantly reducing or eliminating third parties. However, by connecting users directly, cryptocurrencies make regulatory oversight far more complex, the CoinTelegraph writes. The regulatory control that most governments seek is […]
Twitter will not be joining the Libra Association, according to CEO Jack Dorsey, the CoinDesk announced on October 25. Dorsey replied with a conclusive “Hell no” on the question of his firm’s potential membership of the Facebook-led crypto payments scheme at a New York City-based Twitter event. As The Verge reported Thursday, he explained that Libra is […]
The Financial Services Committee questioned Facebook CEO Mark Zuckerberg for over six hours, the CoinTelegraph reported. While focused on the Libra Association and its planned Libra token, the hearing expanded to touch on a wide range of concerns and controversies surrounding Facebook. The hearing was often contentious, with several members of Congress using their allotted […]
Mark Zuckerberg, the founder of social media giant Facebook, plans to tell United States Congress that Libra will not launch anywhere in the world until U.S. regulators approve it, the CoinTelegraph reported. Libra won’t launch anywhere without Congressional approval Per Zuckerberg’s prepared remarks released on Oct. 22 in advance of planned hearings before the U.S. House Financial Services Committee, […]