Libra, Facebook’s cryptocurrency plan, is moving forward despite being “mocked” by regulators and losing key investors like Visa and Mastercard, The New York Times reported on Monday (Oct. 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
David Marcus, CEO of Facebook’s wallet service Calibra, said that Libra could use national currency-pegged stablecoins like a dollar stablecoin, rather than the synthetic one it initially proposed, Reuters reported on Sunday (Oct. 20). Get the Full Story Complete the form to unlock this article...
Jamie Dimon, CEO of JPMorgan Chase & Co, said that Facebook’s proposed cryptocurrency, Libra, is “ … a neat idea that’ll never happen,” according to reporting by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Proponents of cryptos tout anonymity, the fact that digital coin transactions are hard to trace, and that blockchain allows for transactions to occur pretty much instantaneously between parties. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Financial Action Task Force (FATF) said it is worried about “stablecoins,” like Facebook’s Libra, and how they could be used for illicit purposes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Olaf Scholz, Germany’s finance minister, reiterated his opposition to Facebook on Friday (Oct. 18), and said that the release of the cryptocurrency should be prevented. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
In hopes of profiting from the lack of large, regulated institutions in the chaotic digital asset space, Fidelity is bolstering its digital currency custody business. The Boston-based financial group, which has over $2.8T of assets under management, unveiled the rollout of Fidelity Digital Assets last fall with...
The Bank of Canada is thinking about launching its own digital currency. The Logic was the first to report that the country’s central bank is investigating both opportunities and challenges focused on the project, with some believing that creating a public central bank digital currency...
To paraphrase an old saying: Patriotism is the last refuge of … crypto. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
