After dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by market capitalization, is still up 9.6% since last week. However, its price has decreased by 6.5% in the last 24 hours. Out of the 7,316 companies, crypto assets, precious metals, and exchange-traded funds worth more than $82 trillion in value, […]
Most payment companies have now pulled out of Facebook’s Libra project. Visa, Mastercard, Ebay, and Stripe have followed Paypal in dropping out of the project amid regulatory concerns. The Libra Association has responded to the exodus of these companies. David Marcus, who is in charge of the project, calls it “liberating.” Also read: European Countries […]
The post Visa, Mastercard, Ebay, Stripe Join Paypal in Leaving Libra appeared first on Bitcoin News.
Facebook’s ambitious financial inclusion project, Libra, continues marching forward in spite of mountainous regulatory obstacles, but key members of the Libra Association are having doubts and dropping out. Paypal has now reportedly left the group due to regulatory concerns. Libra representative Dante Disparte has indirectly criticized the move, noting the required “boldness and fortitude to […]
The post Paypal Exits Libra – Mastercard and Visa May Follow appeared first on Bitcoin News.
News of Japan messaging giant Line’s September 17 launch of an app-connected crypto exchange is captivating lots of attention in the crypto and tech industries this week. Other initially non-crypto apps are also entering the market, adding native tokens, tipping functions and cryptocurrency wallets, illustrating a growing trend toward mainstream crypto acceptance and awareness. Also […]
The post Popular Smartphone Apps Are Adding Crypto Capabilities appeared first on Bitcoin News.
The European Central Bank (ECB) and a number of countries in the region have stepped up their efforts in response to Facebook’s Libra, which has revived a competing ECB project for instant payments. As Facebook engages Switzerland’s financial regulator, the ECB clarifies how Libra can be regulated under EU laws. Also read: India’s Popular ‘Who […]
The post European Countries Step Up Response to Facebook’s Libra appeared first on Bitcoin News.
If it wasn’t for Bitcoin there would be no Libra. That much is self-evident, since Satoshi’s creation laid the groundwork for every crypto asset that’s followed. The extent to which Bitcoin was responsible for spawning Facebook’s currency has now been made brutally clear in an interview with Abra’s Bill Barhydt. The investment platform’s CEO claims […]
The post Bitcoin’s Scaling Problems Forced Facebook to Create Libra appeared first on Bitcoin News.
G7 finance chiefs met this week and Facebook’s Libra cryptocurrency was high on their agenda. They agreed on several crypto initiatives and fast regulatory responses to projects such as Libra, calling for them to meet the highest standards of financial regulation. Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their […]
The post G7 Agrees on Crypto Action Plan Spurred by Facebook’s Libra appeared first on Bitcoin News.
A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements. Also read: G20 Leaders Issue Declaration on Crypto Assets – […]
The post How 10 Countries Respond to Facebook’s Libra Cryptocurrency appeared first on Bitcoin News.
Social media giant Facebook looks to launch a basketcoin and Telegram’s crypto project is almost complete. Read about them here.
The post Social Media Giants Facebook and Telegram to Launch Own Digital Currencies appeared first on CoinCentral.
Facebook is reportedly working on a cryptocurrency money transfer application that will be integrated into WhatsApp. The feature targets the Indian market.
The post Facebook Targets Indian Money Transfer Market Using Crypto appeared first on CoinCentral.