Tag Archives: Libra

It seems Facebook‘s Libra association is falling deeper and deeper each day. As per G7, the group of the biggest economies in the world report, it has, as quickly as possible, to prove that it is safe and secure and poses no risk for its users.In a massive slap to the social media company, the report says that cryptocurrencies (including not only Libra) are a big risk to a world’s financial system.The report says that even if Libra’s creators are able to address global concerns – the project...

Back in June, Live Bitcoin News reported that an online banking firm, Current, wasn’t very happy with Facebook or Libra, claiming that the project had potentially stolen its logo. Now, that anger has turned into a full-fledged lawsuit.Current Takes Facebook to CourtCurrent has filed suit against Facebook in a New York district court for allegedly stealing the logo of its company. When looking at the two examples, one can see that the bank’s properties may have been stolen. The logos of both...

Recently we reported about how PayPal, one of the founding members of the Libra Association abandoned the whole project. However, it seems it wasn’t the only one. Just for a reminder, there were previously 28 members of the association, but it seems that they couldn’t handle the issues Libra is currently facing, most especially the problems surrounding regulatory support from relevant authorities. Now Mastercard, Visa, eBay, and payments firm Stripe have decided not to participate in...

Libra is often touted as the Facebook cryptocurrency, but according to Alex Karasulu – CEO and founder of OptDyn – this isn’t necessarily true.Alex Karasulu: Libra Better Than PayPal?In a recent interview, he seeks to answer questions regarding Libra and clear up some of the “myths and legends” that surround it. For example, he comments that Libra will not necessarily be a cryptocurrency in the way bitcoin, Ethereum or Litecoin is, but rather it will be a payment system much like PayPal. In...

According to the latest report from Yahoo Finance, the chairman of the United States Commodities and Futures Trading Commission called Ethereum (ETH) a commodity.Speaking at the Yahoo Finance Summit, CFTC chairperson Heath Tarbet said that the ETH token falls under the regulatory oversight of CFTC. He further added that in the near future, one cannot rule out the possibility of having Ethereum futures in the market. Tarbet said:“We’ve been very clear on bitcoin: bitcoin is a commodity. We...

Alipay has indicated that it will ban Bitcoin transactions and all others related to cryptocurrency payments. In what seems like an extension on the cryptocurrency war that the Chinese government is waging, the electronic payments giant said in a tweet thread that it would terminate all cryptocurrency-related transactions.If any transactions are identified as being related to bitcoin or other virtual currencies, @Alipay immediately stops the relevant payment services.— Alipay (@Alipay)...

Ripple CEO, Garlinghouse, has sounded an alarm geared at calling the United States government to action, reiterating that China’s goal with the CBDC is to destabilize the US dollar. The CEO urged the government of the United States during an interview with Fox Business to be at the forefront of the crypto revolution, instead of China.Garlinghouse talked about the tech boom back in the early 2000s and how the US took control of the industry and benefited immensely from that...

Things do not seem to be going as planned for Facebook’s Libra as Mark Zuckerberg is set to testify before the US Congress later in the month. This was revealed by the Chairwoman of the United States House Committee on Financial Services Maxine Waters (D) in a press statement yesterday. The Chairwoman indicated that a letter had been sent to the Social media giant in July “requesting an immediate moratorium on the implementation of Facebook’s proposed cryptocurrency, Libra, and digital...

When Facebook‘s cryptocurrency Libra started struggling with keeping its co-workers to keep partners on board and all of the institutions happy, an alternative called OpenLibra came to address some of Libra’s potential flaws.OpenLibra is described as an “open platform for financial inclusion,” with a tagline: “Not run by Facebook” and it was announced at Ethereum Foundation‘s Devcon 5 conference in Osaka, Japan.Be it as it may, thirty blockchain companies and nonprofit organizations decided...

Facebooks Libra ist weiterhin der kontroverseste Altcoin des Jahres. Nun wagt sich Brad Garlinghouse, CEO von Ripple, hervor und sieht Libra nicht vor 2023 auf dem Markt. Sollte er richtig liegen, dürfte Libra zum größten Problemfall werden, den Zuckerberg bisher kreierte.Crypto News: Ripple CEO sieht Libra erst 2023 auf dem MarktEs bleibt weiterhin offen, ob der Markt überhaupt einen zentralen Cryptocoin von Facebook akzeptieren wird. Und damit ist nicht nur der Cryptomarkt gemeint, auch die...