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JPMorgan's Dimon says Facebook's Libra currency 'will never happen'
Sun, Oct 20, 2019
Facebook`s Libra digital currency project is "a neat idea that will never happen," JPMorgan Chase chief executive Jamie Dimon said on Friday,
Mobile banking app sues Facebook over Calibra logo
Sun, Oct 13, 2019
Facebook's Libra cryptocurrency project has hit another roadblock, as a mobile banking app has sued its Calibra subsidiary over similar logos.
Crypto currency: Bank of England sets out rules of engagement for Facebook's Libra
Wed, Oct 09, 2019
The European Union on Tuesday said it will propose a new law to cover crypto-asset projects like Libra, saying they posed a risk to the wider financial system.
Beware! Even a Google search can make you lose money; here is how
Sat, Sep 14, 2019
You would be surprised that even a simple Google Search can make you lose money. Well, this type of fraud has its links with crypto industry which has been in several controversies in the past too.
Banning cryptocurrencies in India not the solution; it would discourage tech startups: Nasscom
Tue, Jul 30, 2019
According to Nasscom, cryptocurrency-based businesses can be tested in the regulatory sandboxes being launched by the financial sector regulators across the country.
Jail for buying Bitcoin, Ethereum, Litecoin or other cryptocurrencies? Yes, you read that right! There is more
Tue, Jul 23, 2019
Crypto trade: The committee has recommended imprisonment of one year to ten years for those who sell and buy cryptocurrencies in India.
Facebook`s planned Libra cryptocurrency faces tough time; G7 urges tough regulation
Thu, Jul 18, 2019
In a summary of the informal G7 talks in Chantilly, the French presidency reportedly said the ministers and governors had agreed that "stablecoins and other various new products currently being developed, including projects with global and potentially systemic footprint such as Libra, raise serious regulatory and systemic concerns".
Bitcoin tumbles 10% on Facebook grill by US senators in regard to crypto plans
Wed, Jul 17, 2019
The cryptocurrency market took a beating on Tuesday with bitcoin losing over 10 per cent in value after US lawmakers grilled Facebook on its cryptocurrency plans.
Cryptocurrency the next Cuban revolution? What tech guru John McAfee said
Sat, Jul 06, 2019
Fugitive tech guru John McAfee feels cryptocurrency could be the next Cuban revolution.
Facebook's cryptocurrency Libra coin likely to face unprecedented regulatory scrutiny
Sat, Jun 29, 2019
The company`s announcement was met with immediate backlash from US lawmakers and regulators across the globe, who are concerned that Facebook is already too massive and careless with users` privacy.
Facebook unveils global cryptocurrency 'Libra': All you need to know
Tue, Jun 18, 2019
The cryptocurrency will be available through Facebook's own digital wallet called Calibra and other services, according to the company's announcement.
Facebook's cryptocurrency-based payments system gets big backers
Fri, Jun 14, 2019
Facebook Inc has enlisted more than a dozen companies including Visa Inc, Mastercard Inc, PayPal Holdings Inc and Uber Technologies Inc to back its new cryptocurrency, the Wall Street Journal reported.
Deal in cryptocurencies? Draft bill proposes 10 year jail term
Mon, Jun 10, 2019
A recent draft bill that proposes jail term for a person dealing in cryptocurrencies continues to call mixed reactions in India and the cryptocurrency market around the world.
Facebook may introduce its cryptocurrency in June
Thu, Jun 06, 2019
Given Facebook`s infamous security management, the blockchain would supposedly be "far more centralised" than Bitcoins and the company would tap outside firms to help run the system.
Facebook may launch its cryptocurrency this month
Thu, Jun 06, 2019
Facebook may finally launch its long-rumoured cryptocurrency later in June. The cryptocurrency, under Facebook`s "Project Libra", is reportedly aimed at allowing Facebook`s global users to transfer money across borders and to make online purchases.
Facebook plans to launch its own cryptocurrency next year: Report
Sat, May 25, 2019
Facebook's currency would be "stablecoin", a digital unit pegged to the dollar in contrast to more anarchic means of virtual payment such as bitcoin, according to earlier reporting by Bloomberg and the Wall Street Journal among others.
Facebook sets up Libra Networks to create its own cryptocurrency
Mon, May 20, 2019
Facebook wants to be part of the exciting world of digital currency and before any other technology giant takes the leap, the social networking service has reportedly started working on its virtual money in Switzerland. According to a Swiss news site Handelszeitung, Facebook has set up a company called Libra Networks in Geneva that will help CEO Mark Zuckerberg build the cryptocurrency.The company is owned by Facebook Global Holdings II in Ireland and will focus on developing the hardware and software for digital currency-related functions including payments, financing, identity management, big data, analytics, and blockchain.
Bitcoin tops $8,000 as it hits highest since July 2018
Tue, May 14, 2019
Bitcoin was last up nearly 17% at $8,131 on the Bitstamp exchange, the largest daily percentage jump since early April. It hit a high of $8,167.50, a roughly 10-month peak.
Cryptocurrency thefts, fraud hit $1.2 billion in first quarter, says a report
Wed, May 01, 2019
Losses from the theft of cryptocurrencies from exchanges and fraud-related activities surged in the first quarter of the year to $1.2 billion, or 70 percent of the level for all of 2018.
Bitcoin jumps to a six-month high as 2019 rally grows
Tue, Apr 23, 2019
Other major cryptocurrencies that tend be correlated to bitcoin such as ethereum and Ripple`s XRP also gained.