Facebook Talked to the Fed About Libra Coin, Chairman Powell Says news Jerome Powell, chairman of the U.S.Federal Reserve, said Wednesday that social media giant Facebook met with the central bank in the run-up to the reveal of its Libra cryptocurrency.Speaking during a press conference that followed a two-day Fed policy meeting, Powell was asked if he or the Fed had any concerns about… Below $4k: Bitcoin’s Price Drops to a 420-Day Low NEWSINBRIEF The price of bitcoin fell below $4,000 for the first time today since September 27th of last year.At around 16:20 UTC Saturday, the world’s largest cryptocurrency by market capitalization sank to an average price across exchanges of $3,970.43, a figure 7.5 percent lower than the day’s opening price of $4,298.83, according to Coindesk’s… What Tezos and Bitcoin Have in Common news The Tezos community has strong shared values, arguably as strong as bitcoin’s.That’s the assessment of Castle Island Ventures partner Nic Carter, who said Tuesday: “The number one lesson and takeaway of bitcoin is a core set of principles – defining them and making the chain a beacon to attract people who believe in… Financial Services: The Coming Cataclysm Feb 19, 2020 at 17:21 UTCUpdated Feb 19, 2020 at 17:29 UTCAlex Tapscott is a venture capital investor, co-author (with Don Tapscott) of Blockchain Revolution: How the Technology Behind Bitcoin and Other Cryptocurrencies is Changing the World and co-founder of the Blockchain Research Institute, in Toronto.
The following excerpt, written by Alex Tapscott, is from his new book Financial… Tencent Says Libra Would Pose Serious Threat to Alipay, WeChat Pay news Tencent, the Chinese internet giant and parent of messaging app WeChat, said the proposed launch of Facebook’s Libra cryptocurrency would pose serious risks to existing digital payment systems.In a blockchain whitepaper published in Chinese this week, Tencent said Facebook’s Libra initiative seems “bold and radical” but is actually a “prudent and rational” move for the… When Currencies Fail: A Primer on the Dollar Crisis in Lebanon Apr 29, 2020 at 19:00 UTCUpdated Apr 29, 2020 at 19:37 UTCA massive shortage of dollars is instigating economic chaos, including a more than 50% loss of value in the Lebanese pound and what looks like an enormous local premium for bitcoins.Presented in podcast and full-transcript formats.For more episodes and free early access before… Bullish Sentiment for Bitcoin Is at a 5-Month High news The ratio of long-to-short positions placed on bitcoin (BTC) has reached its highest level in over five months on cryptocurrency exchange Bitfinex.At press time, the BTC long positions placed on the exchange total 33,750 units, worth $137.3 million at current market prices, whereas the number of short positions is roughly 11,000 units less… Facebook Set to Reveal Own Cryptocurrency in June, Report Says news Social media giant Facebook may reveal its own cryptocurrency later this month.According to a report from The Information on Wednesday, Facebook is poised to unveil the token – reportedly called GlobalCoin – to the public later in June.
GlobalCoin is apparently aimed to allow users to make transactions via the social media platform, and might also… Leave a Reply You must be logged in to post a comment.Search.