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FACEBOOK

Facebook is an online social media and social networking service platform, developed by Mark Zuckerberg. Facebook has faced many controversies involving user-privacy, including the Cambridge Analytics data scandal, and the spreading of other political and conspiracy theories on its platform. Facebook planned the launch of its new currency, Libra in 2019.

Industry

Mastercard Still Betting on Blockchain Despite Pulling Out from Facebook’s Libra

Mastercard recently pulled out of the Libra Association, along with Visa and PayPal, however, it has been reported that the payment processor is not giving up on blockchain.

Sarah Tran

Oct 30, 2019

| 1 Min Read

#MASTERCARD #BLOCKCHAIN #LIBRA #FACEBOOK

Libra

Calibra Head David Marcus Declares Libra as the Most Secure Payment Network

David Marcus, Head of Calibra, the digital wallet for Facebook’s Libra stablecoin explained at Money 20/20 conference in Las Vegas about how the network aims to transform the traditional payments industry.

Sarah Tran

Oct 30, 2019

| 1 Min Read

#DAVID MARCUS #FACEBOOK #LIBRA #STABLECOIN

Industry

China’s Central Bank Rolling Out DCEP National Currency, While Saying ‘Libra Won’t Succeed'

China has been reportedly developing its central bank-issued digital currency for a while and is believed to be ready to launch by China’s central bank, People’s Bank of China (PBoC).

Sarah Tran

Oct 29, 2019

| 1 Min Read

#CHINA #LIBRA #FACEBOOK #DCEP #CBDC #PBOC

Industry

eToro CEO: Central Banks will Inevitably Establish Digital Currencies

Yoni Assia, eToro’s CEO, recently weighed in on the issue of Central Bank Digital Currencies. He noted that this matter was no longer an issue of “if,” but of “how and when” because the development of digital currencies by central banks was inevitable.

Brian Njuguna

Oct 25, 2019

| 2 Min Read

#CBDC #CRYPTO #ETORO #CHINA #FACEBOOK

Libra

Zuckerberg's Hearings with Congress and What the US Regulators Really Think

It has been more than three months since Facebook announced plans to launch its digital currency, Libra in June 2020; however, the social media giant has met with regulatory and political skepticism globally.

Sarah Tran

Oct 24, 2019

| 7 Min Read

#LIBRA #FACEBOOK #CALIBRA #CRYPTO

Libra

US Congress Examines Draft Stablecoin Bill While Facebook Will Not Launch Libra Until US Regulators Approve

The United States Congress has been considering drafting a bill that argues that all managed stablecoins must be treated as investment contracts and hence are securities.

Sarah Tran

Oct 23, 2019

| 1 Min Read

#US #CONGRESS #LIBRA #STABLECOIN #FACEBOOK

Libra

ING Warns Facebook’s Ties With Banks May Be Breached Due To Libra Regulatory Concerns

Ralph Hamers, the CEO of ING, warned that Facebook's relationships with banks will probably be cut off due to its inability to address Libra regulatory issues, especially the money-laundering fears.

Alo Kingsley

Oct 23, 2019

| 2 Min Read

#LIBRA #CALIBRA #FACEBOOK #ING #BANKS

Industry

Bruno Le Maire Insists He Cannot Support Facebook’s Libra

Since the social media giant, Facebook announced its plan to launch its digital currency known Libra, one critic has repeatedly made his opinion known. Bruno Le Maire cannot and will not support the stablecoin project.

Alo Kingsley

Oct 18, 2019

| 2 Min Read

#BLOCKCHAIN #FACEBOOK #LIBRA #STABLECOIN #CRYPTOCURRENCY

Libra

Libra Forms Governing Board Despite Shrinking Membership

The Libra Association has reaffirmed its commitment in creating a payments-oriented stablecoin, holding its inaugural meeting yesterday in Geneva, Switzerland.

Lucas Cacioli

Oct 15, 2019

| 2 Min Read

#BLOCKCHAIN #BITCOIN #LIBRA #FACEBOOK #STABLECOIN

Regulation

G7 Reports Stablecoins Like Libra Threaten Financial Security

According to the BBC, the G7 group of nations has drafted a report outlining nine major risks that digital currencies, such as Facebook’s proposed Libra, pose to the global financial system.

Lucas Cacioli

Oct 14, 2019

| 2 Min Read

#BLOCKCHAIN #BITCOIN #G7 #LIBRA #FACEBOOK #STABLECOINS

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