Tagged: libra

Here is Congresswoman Maxine Waters’ Statement on Facebook’s Crypto Libra

Representative Maxine Waters, Chairwoman of the powerful House Financial Services Committee issued the following statement in the wake of Facebook’s cryptocurrency announcement today. Facebook’s “Libra” is a stablecoin created from a basket of assets but the ecosystem also has the ability to create smart contracts… Read More

Here is the Letter From Congressman Patrick McHenry Requesting a Hearing on Facebook’s New Cryptocurrency Libra

As reported earlier today, Facebook officially launched its long-anticipated stablecoin named Libra. Facebook revealed details of their own cryptocurrency stating it was based on a “collection of currencies and other assets.” Facebook also said Libra will be able to create Smart Contracts similar to Ethereum… Read More

Facebook Launches Stablecoin Libra and Accompanying Wallet Calibra. Is This Good for Crypto?

Facebook (NASDAQ:FB) launched its long-anticipated cryptocurrency today with an onslaught of documents, commentary and punditry feedback. Two new websites were revealed each affiliated with a different aspect of their new crypto-ecosystem. First there is the Libra stablecoin, a global currency “backed by a collection of… Read More

Report: Facebook’s Stablecoin Libra to Launch Next Week, Big Backers Queue Up to Help

Facebook’s long-anticipated cryptocurrency, labeled “Libra,” will finally make an appearance next week according to a report in WSJ.com. Libra is expected to be a stablecoin which will be a bespoke currency that is pegged to a bundle of fiat currencies. Stablecoins are typically pegged to… Read More

Russian State Oil Company Head and Putin Second Warns Colleagues That Facebook Cryptocurrency Could Be Used to Denominate Petrol

Igor Sechin, head of Rosneft, Russia’s state oil company and reported second-in-command to Russian President Vladimir Putin, told colleagues in St Petersburg this week that the creation of a “Facebook  Global Coin” cryptocurrency could signal American tech companies’ ominous intention to start moving into oil… Read More

Facebook Reportedly Plans to Launch Cryptocurrency on June 18th

After a couple of months of speculation, social media giant Facebook is reportedly planning to launch its very own cryptocurrency on June 18th. According to TechCrunch, the crypto, named Libra, will be making its debut with a white paper that explains the basics of the… Read More

Dutch Fintech Five Degrees Announces Acquisition of Iceland-based Core Banking IT Systems Provider Libra

Five Degrees, a Netherlands-based fintech, announced on Thursday it has acquired Libra, a provider of core banking IT systems in the financial sector in Iceland. Five Degrees reported that the acquisition boosts its international growth ambitions, enabling the company to offer its full-service proposition of… Read More

PwC Dives into Blockchain, Offering More Transparency with Vulcan

PwC launched earlier this month a new Fintech tool called the Vulcan Digital Asset Services, which digitizes everyday banking, commerce, and personal currency and asset related services.  Currently, specific services available include digital asset wallets, international payment processing, and investment and trading services.  In the near… Read More

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