Tag Archives: cryptocurrency

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Visa, Mastercard reconsider backing Facebook’s Libra: WSJ

10 October, 2019 9:42 am 9:42 am

(Reuters) – Visa (VN), Mastercard Inc (MA.N), Visa and other key financial partners may reconsider their involvement in Facebook Inc’s (FB.O) cryptocurrency, Libra, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The financial backers to Libra did not want to attract regulatory scrutiny and declined Facebook’s requests to publicly support … Read More

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Still concerned about Facebook cryptocurrency after Swiss meeting: US lawma...

08 August, 2019 9:47 am 9:47 am

WASHINGTON (Reuters) – The chair of the US House Financial Services Committee said on Sunday she remained concerned about Facebook’s plans for a digital currency after meeting the government officials in Switzerland that Facebook has said will regulate it. “While I appreciate the time that the Swiss government officials took to meet with us, my … Read More

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US lawmakers challenge Facebook over Libra cryptocurrency plan

07 July, 2019 10:59 am 10:59 am

WASHINGTON/NEW YORK (Reuters) – US lawmakers bashed Facebook on Wednesday over its planned cryptocurrency, saying the company had not shown it could be trusted to safeguard the world financial system and consumers’ data. The social media company is fighting to get Washington on its side after it shocked regulators and lawmakers with its announcement on … Read More

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Facebook should not be trusted with crazy cryptocurrency plan: US senators

07 July, 2019 11:16 am 11:16 am

WASHINGTON (Reuters) – Democratic and Republican lawmakers said on Tuesday that Facebook Inc’s track record of what they described as untrustworthiness should stand in the way of it launching a digital currency, labelling the plan “delusional” and “crazy” at a Senate hearing. Facebook is fighting to get Washington onside after it shocked regulators and lawmakers … Read More

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Facebook vows Libra currency will wait for approval as US airs worries

07 July, 2019 9:45 am 9:45 am

WASHINGTON (Reuters) – Facebook Inc (FB.O) said on Monday it would not proceed with the launch of its Libra cryptocurrency until regulatory concerns are addressed, as the US Treasury secretary took the unusual step on of saying he had serious concerns it could be used for illicit activity. David Marcus, who oversees Facebook’s blockchain efforts, … Read More

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Facebook’s cryptocurrency ambitions face privacy concerns, political ...

06 June, 2019 9:49 am 9:49 am

SAN FRANCISCO/NEW YORK (Reuters) – Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns. The social networking giant has linked with 28 partners including Mastercard, PayPal and Uber to form Libra Association, a Geneva-based entity … Read More

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Facebook to unveil new cryptocurrency

06 June, 2019 3:14 pm 3:14 pm

LONDON (92 news) – Facebook is set Tuesday to unveil a bid to bring cryptocurrency payments into the mainstream, reportedly with the endorsement of governments and financial giants. The world’s biggest social network is expected to outline details of a virtual currency launching next year that it hopes will avoid the rollercoaster volatility of “blockchain” … Read More

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China wants to ban bitcoin mining, traders say move not a surprise

04 April, 2019 11:09 pm 11:09 pm

SHANGHAI (Reuters) – China’s state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector. China is the world’s largest market for computer hardware designed to mine bitcoin and other cryptocurrencies, … Read More

Crypto exchange Coinbase opens Dublin office as Brexit looms

10 October, 2018 10:27 am 10:27 am

LONDON (Reuters) – Cryptocurrency exchange Coinbase has opened an office in Dublin, it said on Tuesday, joining the growing ranks of banks and financial firms with major British businesses developing European Union outposts as Britain’s exit from the bloc looms. San Francisco-based Coinbase, one of the biggest US exchanges, said the Dublin office would let … Read More

Japan hit by another cryptocurrency heist, $60 million stolen

09 September, 2018 9:25 am 9:25 am

TOKYO (Reuters) – Japanese cryptocurrency firm Tech Bureau Corp said about $60 million (£45.6 million in digital currencies were stolen from its exchange, highlighting the industry’s vulnerability despite recent efforts by authorities to make it more secure. Tech Bureau, which had already been slapped with two business improvement orders by regulators this year, said its … Read More

SEC halts trading in two cryptocurrency products, citing market confusion

09 September, 2018 9:13 am 9:13 am

NEW YORK (Reuters) – The US Securities and Exchange Commission said it was immediately suspending trading in two investment products that track cryptocurrencies, citing confusion in the markets over whether the products are exchange-traded funds (ETFs). The SEC said in a statement that trading in Bitcoin Tracker One CXBTF.PQ CXBTF.PK and Ether Tracker One CETHF.PQ … Read More

SEC to review decision rejecting bitcoin ETFs

08 August, 2018 9:09 am 9:09 am

NEW YORK (Reuters) – The US Securities and Exchange Commission said it will review a decision by its staff to block nine bitcoin-based exchange-traded funds from coming to market. Staff at the SEC rejected applications for new funds from three companies, suggesting they were not yet convinced that the products would not be subject to … Read More