anthony pompliano Cryptocurrency News FinTech News Opinion tokenize us dollar 

The U.S. Must Tokenize the Dollar to Remain Competitive

In a recent interview with CNBC’s Squawk Box, Anthony Pompliano, the co-founder of Morgan Creek Digital, has argued that the United States must tokenize the dollar to remain competitive in the shifting global financial landscape. Pompliano urged lawmakers to “tokenize the dollar immediately,” asserting that China is in the process of developing a digital yuan, with other countries aiming to soon follow suit. He argues that the status of the U.S. dollar as the global reserve currency is contingent on the currency’s tokenization, warning that if “China has a digital…

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* Cryptocurrency News facebook FinTech News Libra 

Big Four Australian Bank Fears Facebook’s Crypto Libra

Published: 20/06/2019 03:21 ET. Journalist: By CCN Markets: Facebook’s foray into cryptocurrencies with Libra has met with a ton of mixed reactions. While some are going gaga over the social media giant’s latest effort that’s supposed to enable cross-border payments at the tap of a button, the traditionalists are taking a dim view. Governments across the globe are calling for strict scrutiny and regulation of Libra, but there’s one category of people who are really afraid of what Facebook’s cryptocurrency can do. Facebook takes aim at the banking system Banks,…

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CCN is Shutting Down after Google’s June 2019 Core Update

Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight. Our traffic has experienced a massive impact by Google’s June 2019 Core Update. Image from Sistrix.com.   CCN’s visibility index on Sistrix.com shows how our site was affected by Google’s Core Update. As data from SEO analyzer Sistrix shows, our visibility on Google dropped from 1.2 to less than 0.6. You might say we ought not to face any…

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Crypto FinTech News Robinhood U.S. Business News 

Robinhood Attracts $200 Million as Valuation Swells to $7 Billion: Report

By CCN: Who says millennials don’t like to save and invest their money? By building a commission-free stock brokerage and trading app with a slick interface, Robinhood has built a $7 billion business in just six years. That’s the company’s valuation as it nears a $200 million funding round from its current financial backers, Bloomberg reports. The investment round is still unfolding and once complete could reportedly result in Robinhood fetching a valuation as high as $10 billion. Robinhood closed its most recent funding round last year at which time…

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Crypto facebook FinTech News Mark Zuckerberg Project Libra Stablecoins switzerland 

Facebook Unexpectedly Plants Its Flag in Crypto-Friendly Switzerland

By CCN: Facebook has reportedly set up a fintech company dubbed Libra Networks in Switzerland. The move clearly correlates with the social media giant’s Project Libra. According to Reuters, the focus of the fintech is on the blockchain, payments, data analytics, and investing. Libra Networks, which was registered in Geneva on May 2, will provide financial and technology services. Also in its wheelhouse will be developing related hardware and software. Another Secret Move Famed investor Michael Novogratz recently called Project Libra “stunningly important” to the crypto space. Given Facebook’s history…

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facebook FinTech News Opinion Project Libra 

Facebook’s Secret Crypto Project Faces a Treacherous Self-Inflicted Problem

By CCN: The myriad privacy issues Facebook has been mired in are turning off the very people it wants to hire to help it improve its platform. These are the findings of former recruiters who shared the details with CNBC. You’d think that Facebook would have to beat off people wanting to work at the company. Those leaks, especially the Cambridge Analytica, are not sitting well with job prospects. If this keeps up, it will likely become more challenging for the company to enter the world of cryptos – codename…

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Crypto FinTech News J-Coin japan mizuho 

Japanese Megabank Mizuho is Launching its Own Digital Currency in March

Almost a fortnight since JPMorgan unveiled its own cryptocurrency and nearly three years after conducting tests, Japanese financial giant Mizuho Financial Group has announced a launch date for its digital currency, J-Coin. According to the Nikkei Asian Review, the Japanese bank will unveil its own crypto known as J-Coin on March 1. The value of the J-Coin will be pegged to the yen with one coin being worth one yen. Mizuho Financial Group intends to use its cryptocurrency primarily in digital payments and remittances. The Japanese banking giant has partnered…

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Altcoin News Crypto FinTech News petro russia 

Russia to Regulate Crypto While Launching its Own Oil-Backed Cryptocurrency

Russia’s State Duma is planning to pass a resolution on a pending cryptocurrency regulation bill, reported a local source. Oleg Nikolayev, a member of the State Duma Committee on Economic Policy, said that the Russian assembly house had led cryptocurrency regulations to its final stages. In contrast to the Russian Central Bank’s conservative stance on bitcoin and other virtual currencies, Olga said that the house was working on a business-friendly framework for these assets’ integration. IMF has given green light to eight nations, to launch a national cryptocurrency and those nations…

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