Tag Archives: Facebook

EToro: Facebook Should Drop Libra and Support Third-Party Stablecoins researchers at online broker

EToro: Facebook Should Drop Libra and Support Third-Party Stablecoins 
 researchers at online broker

EToro: Facebook Should Drop Libra and Support Third-Party Stablecoins #Blockchain researchers at online brokerage eToro have argued that #Facebook should look to support third-party stablecoins, not Libra. According to a Nov. 28 report from Finextra, eToro’s blockchain research unit eToroX Labs believes that while Facebook’s crypto project offers a “trailblazing opportunity” to disrupt financial services […]

Dutch Court Orders Facebook to Remove Fake Bitcoin Ads A Dutch court has ruled that must remove (

Dutch Court Orders Facebook to Remove Fake Bitcoin Ads A Dutch court has ruled that #Facebook must remove #Bitcoin (BTC)-related fraudulent investment ads following local billionaire and television producer John de Mol’s lawsuit against the company, Reuters reported on Nov. 11. De Mol initiated judicial proceedings against the social media giant in June 2019, claiming […]

Fed Must Launch FedNow Ahead of Facebook’s Libra, Says Gov’t Official A senior United States federa

Fed Must Launch FedNow Ahead of Facebook’s Libra, Says Gov’t Official A senior United States federal official has argued that Facebook’s #Libra highlights the need for the Federal Reserve (Fed) to act urgently and launch its own real-time payments system. In a letter addressed to the Federal Reserve’s Board of Governors on Nov. 7, Rohit […]

Yale Prof and Goldman Sachs Veteran Design DLT-Based Facebook Rival A Yale professor and Goldman Sa

Yale Prof and Goldman Sachs Veteran Design DLT-Based Facebook Rival 
A Yale professor and Goldman Sa

Yale Prof and Goldman Sachs Veteran Design DLT-Based Facebook Rival A Yale professor and Goldman Sachs veteran are planning to complete a new project of a blockchain-based #Facebook rival in 2020. Returning control of data to users David Gelernter, a Yale’s professor of computer science and Mirror Worlds creator, and Rob Rosenthal, a 19-year veteran […]

FATF Raises Money Laundering Concerns Over Libra and Stablecoins Global monetary watchdog, the Fina

FATF Raises Money Laundering Concerns Over Libra and Stablecoins 
Global monetary watchdog, the Fina

FATF Raises Money Laundering Concerns Over Libra and Stablecoins Global monetary watchdog, the Financial Action Task Force (FATF), has added its voice to the growing chorus of concerns over Facebook’s #Libra and other stablecoins. Mass adoption of such currencies could hinder efforts to detect and stamp out money laundering and terrorist financing, Reuters reported on […]

Bank of England Governor Carney Defends Facebook’s Libra Stablecoin Bank of England Governor Mark C

Bank of England Governor Carney Defends Facebook’s Libra Stablecoin 
Bank of England Governor Mark C

Bank of England Governor Carney Defends Facebook’s Libra Stablecoin Bank of England Governor Mark Carney has defended Facebook’s choice to create a new currency. Canadian news outlet TheStar reported Carney’s remarks on Oct. 15, noting that he highlighted the shortcomings of the current traditional financial system. Because of the inefficiency of the payments, Carey thinks […]

US Congressman: Facebook Should Add Bitcoin, Not Create Libra United States Rep. Warren Davidson (R

US Congressman: Facebook Should Add Bitcoin, Not Create Libra 
United States Rep. Warren Davidson (R

US Congressman: Facebook Should Add Bitcoin, Not Create Libra United States Rep. Warren Davidson (R) has said that Facebook adding #Bitcoin (BTC) to its Calibra wallet would be a “way better idea” than creating its new currency, #Libra. In an interview for the Noded Bitcoin podcast on Oct. 11, the Congressman said that “part of […]

US Treasury Secretary Says Firms Left Libra Due to Compliance Issues United States Treasury Secreta

US Treasury Secretary Says Firms Left Libra Due to Compliance Issues 
United States Treasury Secreta

US Treasury Secretary Says Firms Left Libra Due to Compliance Issues United States Treasury Secretary Steven Mnuchin has attributed the recent spate of firms abandoning Facebook’s #Libra stablecoin project to regulatory concerns. On CNBC’s Squawk Box on Oct. 14, Mnuchin stated that companies are abandoning the Libra project because it is “not up to par” […]

Ripple CEO: Facebook’s Libra Will Not Launch Before 2023 Brad Garlinghouse, the CEO of blockchain p

Ripple CEO: Facebook’s Libra Will Not Launch Before 2023 
Brad Garlinghouse, the CEO of blockchain p

Ripple CEO: Facebook’s Libra Will Not Launch Before 2023 Brad Garlinghouse, the CEO of blockchain payments network #Ripple, thinks that Facebook will fail to launch its #Libra digital currency before 2023. Garlinghouse bets on a 3-year Libra delay Speaking in an interview with Fortune on Oct. 7, Brad Garlinghouse argued that regulatory pushback would continue […]