It’s Not Time to Write Libra’s Crypto Obituary Just Yet

To paraphrase Mark Twain, rumors of the nation-state’s demise are greatly exaggerated. The exits of Mastercard, Visa, Paypal and four other firms from the Libra consortium came after France and Germany moved to block the global “stablecoin” cryptocurrency project and after U.S. lawmakers delivered stern warnings to Libra members. This was more than a major […]

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Libra Shows Central Banks’ Failure on Cross-Border Payments: Riksbank

Facebook’s Libra has been a wake-up call for central bankers. Now one such official – Gabriel Soderberg of Sweden’s Riksbank – says cross-border payments are where policymakers need to play catch-up. “Libra showed there is a demand for something that central banks have not yet delivered, which is cheap, efficient cross-border payments,” Soderberg told CoinDesk, […]

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Swiss Regulator FINMA Won’t Impede Libra’s Development

As European watchdogs send troubling signals towards the Facebook-led Libra cryptocurrency, Switzerland remains willing to listen. According to a Reuters report on Tuesday, Mark Branson, CEO of the Swiss Financial Market Supervisory Authority (FINMA), said, “We are not here to make such projects impossible.” “We will respond to them with an open mind, with an attitude that […]

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Facebook Libra Backers Are Not Official Partners Yet, Says Visa CEO

While Facebook’s Libra project was said to already have 28 founding partners when unveiled last month, that isn’t quite the case, according to Visa’s CEO and board chairman, Alfred F. Kelly, Jr. In a Q3 2019 earnings call on Tuesday, Kelly responded to a question on his firm’s involvement with the Libra project from Bryan C. […]

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UK Lawmakers May Probe Facebook Libra Over Privacy, Fraud Concerns

A parliamentary committee in the U.K. may move to probe Facebook’s Libra cryptocurrency project over fears it will wield too much power. Speaking to Financial News, Damian Collins, chair of the House of Commons’ Digital, Culture, Media and Sport Committee, said, given the company’s past poor record on privacy, he has concerns that Facebook can adequately […]

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WATCH: Lukka CEO Believes in a Future Full of Corporate Tokens

Jake Benson is a long-time industry entrepreneur and the CEO and Founder of Lukka, a comprehensive tool for calculating capital gains taxes for cryptocurrency. In this clip he and CoinDesk Editor Pete Rizzo talk about a future where corporate tokens aren’t a “surprise.” “It’s not a surprise to me that inevitably corporations they’re going after […]

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Facebook’s Libra Should Be Regulated Like a Security, Says Former CFTC Chair

Libra is a security, says a former Commodity Futures Trading Commission (CFTC) chairman in prepared remarks to the U.S. House of Representatives. Gary Gensler, who chaired the CFTC from 2009 to 2014 and previously held leadership roles at the U.S. Treasury Department, says in written testimony that Facebook’s new cryptocurrency project looks like an investment […]

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Donald Trump Bashes Crypto, Says He’s No Fan of Bitcoin

President Donald Trump just tweeted about bitcoin, Libra, and cryptocurrency for the first time ever. It’s the most high-profile mention cryptocurrency has ever received. He’s not a fan: I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto […]

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Facebook’s Libra Lacks Foundational Components for Crypto Key Security

Steven Sprague is one of the principal industry evangelists for the application of trusted computing technology. Steven served as president and CEO of Wave Systems Corp. for 14 years before transitioning to the board of directors. Recently, Facebook launched Libra with the stated goal of “transforming the global economy.” It’s a lofty aim. However, after […]

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Libra Isn’t a Cryptocurrency. It’s a Glimpse of a New Asset Class

Noelle Acheson is a veteran of company analysis and a member of CoinDesk’s product team. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for institutional investors interested in cryptoassets, with news and views on crypto infrastructure delivered every Tuesday. Sign up […]

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