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Libra (LBA) & Facebook

These 7 Stocks Alone Gained $282 Billion Yesterday Which Is Nearly The Total Crypto Market Cap

Seven US-based giant companies, namely Facebook Inc, Apple Inc, Amazon.com Inc, Microsoft Corp, Alphabet Inc, Tesla Inc, and Salesforce.com Inc, gained nearly $300 billion in total market cap during yesterday’s trading session on Wall Street.This only goes to show how small the digital asset field is compared to the giants, as their one-day combined gains represent almost the entire crypto market cap.$282B Gained In A Day By 7 US CompaniesGreen dominated most tech-oriented stocks on Wall...

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Libra Association Appoints Its Second Chief Legal Officer In Three Months

The Libra Association, the entity behind Facebook’s future Libra cryptocurrency, has appointed its second general counsel in three months. Previously acting as the general counsel at the Homeland Security Department, Stevan Bunnell has replaced Robert Werner as the new Chief Legal Officer.Libra Appoints A New CLOAccording to the Bloomberg Law report, Robert Werner, hired by Libra to serve as its first-ever general counsel in May, confirmed the news that Bunnell has taken over his job. Werner...

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Report: Bitcoin Is the Cause of Many Bank-Issued Forms of Crypto

Many banks are beginning to issue their own digital currencies. It can be implied that the likes of Libra may have caused these banks to look into establishing such assets, but according to a new report, bitcoin is the real reason many of these institutions have taken the next steps.Bitcoin May Have Given Birth to Many Bank-Issued Digital CurrenciesLibra is a scary currency for most banks in that it’s looking to establish itself as a global currency that virtually every country can gain...

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Most Banks Seem to Be Afraid of Libra

Central banks are now consistently looking to release their own centralized digital currencies. While these assets are nothing like bitcoin – the latter gives financial independence to its users, while the former currencies are controlled by individual firms – it’s likely that these coins will all get in the way of each other, and that the likes of both bitcoin and Facebook’s Libra will be competing head to head with many of these bank-issued currencies.Libra Is Scary to Most BanksOne of the...

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Bitcoin and Libra Set to Compete as Central Banks Issue Digital Currencies

Bitcoin and Libra may compete favourably in the global financial clime as several central banks plan to release their digital currencies.Raghuram Rajan, the former governor of the Reserve Bank of India, is optimistic about the future of certain cryptocurrencies. According to Rajan, both Bitcoin and Libra may find a place in the global financial market as central banks begin to issue their own digital currencies.According to a CNBC report, Rajan referred to Bitcoin as a “speculative asset” and...

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Gerüchteküche: Wird PayPal den direkten Kauf von Bitcoin ermöglichen?

PayPal, einer der grössten Online-Zahlungsriesen, hat bestätigt, dass Entwickler daran arbeiten, Funktionen zum direkten Kaufen und Verkaufen von Kryptowährungen auf seiner Plattform zu integrieren. Wie The Block berichtete, wurden die Enthüllungen in einem Brief an die Europäische Kommission im März als Antwort auf die öffentliche Konsultation des Gremiums zu seinem vorgeschlagenen Rahmen für Krypto-Assets vorgebracht (frei übersetzt): „Als innovatives FinTech-Unternehmen und...

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JP Morgan And Singapore’s Investment Giant Temasek Have Developed A Blockchain-Based Payment Network

A recent report informs that Singapore has developed a fully functional blockchain-based payment network allowing faster and cheaper international settlements. The team behind it, including investment giant Temasek and US multinational bank JP Morgan, is finalizing technical details for the prototype, and the final product should arrive soon.Singapore Taps Blockchain For A Payment NetworkAccording to the report from Reuters, local authorities announced earlier today that the platform, called...

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Facebook Top Manager wechselt zu Bitcoin-Börse und Wallet Coinbase

Foto: Facebook Zürich Was früher die Wallstreet und dann die IT-Branche war, ist heute die Bitcoin-Branche. Es ist „The Place to be“. Top Manager wechseln zu Bitcoin-Unternehmen: Paul Grewal wechselt aktuell zu der Kryptobörse Coinbase. Der ehemalige Bezirksrichter in Kalifornien sowie stellvertretender Facebook-Justiziar nimmt einen Platz in der Rechtsabteilung der...

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Lithuania To Sell 24,000 Blockchain-Based Digital Tokens Called LBCOINs Next Week

According to a recent report, Lithuania may be the first nation to launch a central bank-backed digital coin in the eurozone. The country’s central bank plans a pre-sale of twenty-four thousand blockchain-based digital tokens called LBCOINs.Lithuania To Sell 24k Blockchain-based TokensA Reuters report from earlier today informed that the Baltic country has completed the development stages of the LBCOINs and is preparing for the pre-sale next week.Each of the twenty-four thousand...

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Ripple Co-Founder Believes that U.S. Slow Response to Blockchain Could Be Catastrophe

Chris Larsen says that the development of organizations like Ripple is a way for the U.S. to go for the crypto space.Ripple co-founder Chris Larsen is concerned about the U.S. regulatory response to blockchain technology. He indicated this during an interview with Wall Street journalist Paul Vigna. When asked about his views on Facebook‘s jumping into the crypto space Larsen said that Facebook “coming on board” was a major milestone.He admitted that Facebook’s Libra project ran into “quite a...

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