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Tag Archives: Libra

Apple’s Tim Cook Says the Company Has No Plans to Launch a Cryptocurrency

Although Apple is making an aggressive move in the fintech and global payments industry, the tech giant has no plans to step in the crypto space for now. Apple Inc’s chief executive officer Tim Cook recently said that his company has no plans to launch its own digital currency.During an interview with French financial newspaper Les Echos, Cook said that matters related to currency should remain in the hands of countries and their respective governments. He added:“I really think that a...

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Deutschland: Finanzminister will E-Euro statt Libra

Stenografen dokumentieren eine Rede der Bundeskanzlerin Angela Merkel im Deutschen Bundestag. Foto: CC 3.0 by Tobias Koch, Wikipedia Facebooks Digitalwährung Libra ist in aller Munde. Doch es gibt auch eine Menge Gegenwind für die private Kryptowährung. Der deutsche Finanzminister Scholz hat seine Kritik an den Plänen von Libra erneuert und deutlich gemacht, dass eine europäische Libra-Alternative kommen muss. Scholz fordert die...

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Bitcoin-Rabid Japan Gleefully Cheers Facebook’s ‘Killer App’ Libra

Facebook’s plans to launch a cryptocurrency are an indication that blockchain technology has come of age and is ready for prime time, especially in Japan. According to the chairperson of the Japan Security Token Association, Go Masuda, Libra is blockchain’s second “killer app,” after Bitcoin: “The industry lacked a good use case of blockchain technology. There have been no killer apps since bitcoin … the industry is now entering a new phase of commercial adoption.” With Japan being one of...

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Visa and Mastercard Run Away From Libra; Here’s the Real Reason

According to the Wall Street Journal, Visa and MasterCard are getting cold feet about helping build payment infrastructure for Facebook’s Libra project. The Wall Street Journal said that a number of financial partners were starting to back away from Libra because of regulatory concerns. This comes on the heels of a September 9 meeting in Switzerland in which financial regulators from across the globe questioned members of Libra. It also follows the skepticism expressed by Congress in July,...

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U.S. Congressmen Want the Federal Reserve to Consider a Digital Dollar

Even as the U.S. Congress bites down hard on Facebook and the social media giant’s grand plans of issuing its own digital currency, a recent event has corroborated the general idea that the problem with the Libra might not be the fact that it’s a digital currency itself, but that it’s being issued by Facebook. This is because, two Rep members have revealed concerns about the inevitability of digital currencies in the near future, suggesting that the United States should start getting used to...

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Telegram to Officially Launch TON Network by October 31

Telegram Open Network (TON) announced in its letter to investors that it is close to its planned launch.Mitja Goroshevsky, CTO of TON Labs, a startup building tools for TON developers, said that TON Labs itself “will run and manage its own validation pool.”He confirmed the authenticity of the letter saying that original investors received emails from the Telegram core team and that is expected from them to provide Telegram with their public keys by Oct. 16 using the key generator in order to...

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Unfazed by All the Negativity, Facebook’s Libra Publishes Roadmap for Mainnet Launch

There has been a lot of negativity surrounding the launch of Facebook Libra over the last few months. Global regulators and banking institutions have showered severe criticism over the project. However, despite several kickbacks, the Libra Association is proceeding ahead with its plans of mainnet launch.Recently, the Libra Association has published a new roadmap that highlights 4 major milestones to be attained before the launch of the Libra network. The Calibra team says that the first...

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#720 Zerbricht Libra von innen, nationale Digitalwährung USA & Coinexchange.io macht dicht

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 720. Heute geht’s um folgende Themen: Vier große Partner der Facebook Coin Libra bekommen kalte Füße, Nationale digitale Währunge in den USA & Coinexchange.io macht aus finanziellen Gründen dicht 1.) Zerbricht Libra von innen? Vier große Partner der Facebook Coin bekommen kalte Füßehttps://cryptomonday.de/breaking-zerbricht-libra-von-innen-vier-grosse-partner-der-facebook-coin-bekommen-kalte-fuesse/ 2.) US...

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Expect Facebook to Ramp up Lobbying Efforts to Get Libra Cryptocurrency Off the Ground

As Facebook continues in the effort to launch its Libra cryptocurrency, the social media giant is likely to rely more heavily on paid lobbyists and the persuasion powers of its senior executives. Mark Zuckerberg prefers closed-door approach In a leaked audiotape of a Facebook town hall released by The Verge, the co-founder and CEO of the tech colossus Mark Zuckerberg took a swipe at public hearings on Libra and instead seemed to favor one-on-one engagements with decision-makers. While...

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Bankers Raise a Warning That Facebook’s Libra Will Create Shadow Banking System

Photo: ShutterstockWell, if the regulatory scrutiny on Facebook‘s Libra cryptocurrency was not enough, even bankers have jumped in to pull down the Libra project. Recently, the United States Federal Reserve had asked some of the largest banking institutions in the country about their stand on Libra.Responding to it, the bankers have expressed risks posed by Libra like a potential decline in the deposit accounts as well as the banks’ payment volumes. As per the Bloomberg report, the banks...

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