bitcoin Bitcoin Regulation Brian Kelly Cryptocurrency News Libra 

US Might Have Already Lost Crypto Innovation Race

As U.S. lawmakers wrestle with what to do with Facebook’s Libra, they are being forced to confront another digital currency that they’ve been trying to avoid like the plague – bitcoin. Unfortunately, the longer lawmakers wait, the more left behind the U.S. becomes as crypto innovation goes elsewhere. Even Facebook chose Switzerland for its Libra coin. Many thanks to Chair @RepMaxineWaters, Ranking Member @PatrickMcHenry, and the rest of the House Financial Services Committee for devoting so much time to discuss Libra today. We will take the time to get this…

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Altcoin News Cryptocurrency News facebook japan Libra 

Japan Studies Libra as Global Criticism on Facebook’s Cryptocurrency Intensifies

When it comes to Facebook’s Libra digital currency not even one of the most crypto-friendly countries in the world is turning a blind eye to social media giant’s cryptocurrency plans and hoping all will work out well magically. Rather, Japan is taking proactive steps to understand Libra’s potential ramifications even before the cryptocurrency has gotten off the ground. According to Reuters, Japan has now set up a working group charged with the responsibility of figuring out the potential impact of Libra on financial regulation, tax payments, financial transactions and monetary…

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Cryptocurrency News germany Libra Mark Zuckerberg U.S. Business News 

Germany’s Finance Chief Joins Slew of Financial Leaders Scoffing at Libra

Germany joined the chorus of countries offering stiff resistance to Libra, Facebook’s new digital coin. German Finance Minister, Olaf Scholz, expressed concerns about the coin’s consumer privacy issues and potential for disruption. Reuter’s released a report which quoted him saying,  “The issuance of a currency does not belong in the hands of a private company because this is a core element of state sovereignty.” “The euro is and remains the only legal means of payment in the euro area.” Germany Is Not the Only Country Reluctant on Libra The quote…

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Blockstack Cryptocurrency News facebook Libra Op-ed 

Blockstack CEO ‘Cautiously Optimistic’ on Facebook’s Libra

Blockstack is having a big day today, launching the world’s maiden regulated token sale. So far, the deal appears to be a resounding success, with CoinList “experiencing heavy load” and “adding more server capacity.” Muneeb Ali, Blockstack CEO and Co-Founder, doesn’t seem to mind sharing the spotlight with another hot crypto-related project – Facebook’s Libra. While the crypto community has had a mixed response to Libra, Ali is willing to go out on a limb for them despite the obvious privacy issues plaguing Mark Zuckerberg and Facebook. Ali is focused on…

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bitcoin Cryptocurrency News Libra 

Facebook’s Libra Surpasses Bitcoin on Crypto Twitter but Sentiment Stinks

 A survey conducted by cryptocurrency data firm The TIE has revealed that U.S. residents are tweeting more about Facebook’s Libra coin than bitcoin. According to The TIE, 43.8 percent of U.S. residents are tweeting about Libra. The percentage tweeting about bitcoin, on the other hand, is 39.8 percent. 7/ Interestingly, the United States represents an even larger proportion of Libra Coin tweets 43.8% than BTC 39.8%. Like Bitcoin, the UK has the second most tweets on Libra. The UK is followed by France, Canada, and Australia as the country with…

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Cryptocurrency News Libra 

Gen Z Hates Crypto. Can Facebook’s Libra Change That?

Most “Gen Z” Americans have no plans to get into crypto. Hard to believe as it may seem, this was the result of a survey of 1,884 young Americans published by Business Insider. The firm responsible for conducting the investigation was Cint, a company specializing in the analysis and exchange of data. The study wanted to “learn how Generation Z views the world, including how it thinks about time and money on the internet and in the physical world.” This included researching their interest in crypto and digital assets. Gen…

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Cryptocurrency News facebook Libra Mark Zuckerberg Op-ed 

Mark Zuckerberg Defends Libra, Says Facebook Only Has One Vote

Mark Zuckerberg provided some rare commentary on Facebook’s new Libra cryptocurrency project. CNBC’s Fast Money posted the soundbite to Twitter: “Building a financial system is not the kind of thing that a company can do by itself. So we played a role in helping to stand this up. But the Libra Association is an independent organization, and we will have one vote in it… By the time it launches, hopefully we will have 100 co-founding companies.” Take a listen to what @facebook founder Mark Zuckerberg just said about the launch…

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Cryptocurrency News facebook fitch ratings Libra U.S. Business News 

Big Three Credit Rating Agency Fitch Touts Facebook’s Fiat-Backed Libra

As the wave of interest in Facebook’s stablecoin Libra continues around the world, it appears that Mark Zuckerberg’s foray into digital currencies has a new and powerful ally. Fitch, one of the big three credit rating agencies, gave it a thumbs up in a recent report. Fitch in Love with Facebook’s Fiat-Backed Libra What is it precisely that Fitch has fallen in love with? Well, in praising the centralized token, Fitch focuses on Libra’s fiat-backed status: “A potential advantage of Libra versus other cryptocurrencies is its full backing by a…

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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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* Cryptocurrency News facebook Libra Mark Zuckerberg maxine waters Op-ed 

Maxine Waters Looks to Stall Facebook on Libra, Zuck Wins Regardless

Published: 19/06/2019 14:10 EST. Journalist: By CCN Markets: House Financial Services Committee Chairperson Maxine Waters (D-Calif.) requested that Facebook hold off on developing its crypto, which is named Libra. Facebook Request Cuts Both Ways There are two ways to examine Rep. Waters’ request. First, it’s a good thing for cryptocurrency whether Facebook honors her request or not. Second, Rep. Waters is assisting the public by stalling investment in another dangerous cryptocurrency. Maxine Waters said: “With the announcement that it plans to create a cryptocurrency, Facebook is continuing its unchecked expansion…

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