Cryptocurrency

Facebook Says Central Banks Have Nothing to Fear From Libra

Kurt Wagner, Bloomberg | Wednesday September 18, 2019

Facebook is once again defending Libra -- this time against fears that the envisioned cryptocurrency could replace sovereign currencies from the US dollar to the Euro and threaten central banks' control over money creation.

Facebook's Libra in Regulators' Sights as ECB Warns of 'Stablecoin' Risks

Reuters | Tuesday September 17, 2019

Facebook's attempt to drag cryptocurrencies into the mainstream with its Libra digital coin met with further scepticism on Monday when an ECB board member said such "stablecoins" posed serious risks.

PayPal Cautious About Future of Facebook’s Libra Cryptocurrency

Agence France-Presse | Saturday September 14, 2019

PayPal is cautious about the future of Facebook-backed cryptocurrency Libra, which is slated to debut with the pioneering digital payments firm as part of its oversight association.

France Warns It Will Block Development Of Facebook's Libra Cryptocurrency

World News | Agence France-Presse | Thursday September 12, 2019

France warned on Thursday it will block development of Facebook's planned Libra cryptocurrency in Europe because it threatens the "monetary sovereignty" of governments.

Telegram Said to Secretly Plan 'Gram' Cryptocurrency

Agence France-Presse | Wednesday September 4, 2019

In a document leaked online, Telegram said it wants to create a "standard cryptocurrency used for the regular exchange of value in the daily lives of ordinary people".

Manny Pacquiao, the Philippine Boxing Champ, Launches His Own Cryptocurrency

Reuters | Monday September 2, 2019

Pacquiao launched his very own cryptocurrency on Sunday at a free concert in Manila, where he serenaded more than 2,000 fans to drum up interest in the product.

North Korea Took $2 Billion In Cyberattacks To Fund Weapons Programme: Report

World News | Reuters | Tuesday August 6, 2019

North Korea has generated an estimated $2 billion for its weapons of mass destruction programs using "widespread and increasingly sophisticated" cyberattacks to steal from banks and cryptocurrency exchanges, according to a confidential U.N. report seen by Reuters on Monday.

Apple Card Will Not Allow Purchase of Cryptocurrencies

Reuters | Saturday August 3, 2019

The Apple credit card being launched with Goldman Sachs Group will not allow the purchase of cryptocurrencies with the card, according to a customer agreement posted to Goldman's website on Friday.

Libra Fakes Undermine Facebook's Charm Offensive on Cryptocurrency

Cat Zakrzewski, The Washington Post | Thursday July 25, 2019

Facebook is trying to rebuild trust in Washington as it seeks the go-ahead to launch a new cryptocurrency.

Facebook Libra Cryptocurrency Plan Details Still Awaited by Swiss Watchdog

Reuters | Wednesday July 24, 2019

Facebook's Libra cryptocurrency project has not responded to an information request by Switzerland's data privacy watchdog, the authority said on Tuesday,

Indian Panel Recommends Cryptocurrency Ban

Reuters | Tuesday July 23, 2019

An Indian government panel has recommended banning all private cryptocurrencies and a jail term of up to 10 years and heavy fines for anyone dealing in digital currencies.

Government Panel Recommends Ban On Cryptocurrency

Business | Thomson Reuters | Monday July 22, 2019

The panel was set up in 2017 by the then finance minister, Arun Jaitley, after reports of extensive money laundering with the use of digital currencies

No Blanket Ban on Cryptocurrencies in India, Government Says

Indo-Asian News Service | Saturday July 20, 2019

Despite banking restrictions put in place by the Reserve Bank of India, the country has not put any blanket ban on trading in cryptocurrencies yet, the government has clarified.

Facebook Says It Won’t Launch Libra Until Regulators Are Happy

Reuters | Tuesday July 16, 2019

Facebook said on Monday it would not proceed with the launch of its Libra cryptocurrency until regulatory concerns are addressed.

Bitcoin Drops More Than 10 Percent as Scrutiny of Cryptocurrencies Grows

Reuters | Monday July 15, 2019

Bitcoin slumped more than 10 percent over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting scrutiny of Facebook's planned Libra digital coin.