In South Africa, angry investors of the alleged cryptocurrency pyramid set fire to the house of its organizer after the project stopped paying. It is reported by Coindesk. Thus, the company of the former medical worker Sfelele Sgumza Mbati Bitcoin Wallet promised its clients 100 percent return on invested capital in the South African rand. Client deposits were supposed to be invested in cryptocurrencies. According to media reports, Bitcoin Wallet […]
House
Jerome Powell, chairman of the United States Federal Reserve System (FRS), believes that the Libra Facebook project to create its own digital currency cannot be launched until the world's largest social network answers the “questions of concern to everyone”. Reported by Reuters. Speaking on Wednesday to the US House of Representatives Financial Services Committee, Powell specifically stated: “Libra […]
The head of the blockchain division of Facebook, David Marcus, in his letter to the House of Representatives Financial Services Committee assured the congressmen that the company would make every effort to ensure the security of personal data of users preparing to launch the Libra project. It is reported by The Hill. In particular, Marcus declared his readiness to provide personal guarantees that “in order to do […]
A bill to regulate the blockchain industry in Cyprus will be ready later this year. This was stated by the Minister of Finance of Cyprus Harris Georgiades, reports Cointelegraph. He called the distributed registry technology "a new technological revolution, similar to the revolution on the Internet." The speaker of the House of Representatives Demetris Silluris also spoke about the advantages of the blockchain: “It is expected that the widespread introduction of this technology in the public and private […]
The head of the blockchain division of Facebook, David Marcus, attempted to allay the concerns of regulators and legislators regarding the implications of the launch of the Libra project. In a note on Facebook, Markus touched on a number of Libra-related questions that, in his opinion, cause misunderstandings. Also, the representative of the largest social network confirmed that this month he will speak before the Senate Banking Committee and the Financial Services Committee […]
Investment Bank Goldman Sachs does not exclude the possibility of creating its own digital currency, following the example of how JPMorgan did it. About this in an interview with the French edition of Les Echos reported CEO of the bank David Solomon. He said that Goldman Sachs conducts serious research in the field of tokenization of assets. "We believe in the potential of this technology, which determines the creation of a stable digital currency […]
Facebook Token Libra will compete with central banks. About this in an interview with Yahoo Finance said the former economic adviser and confidant of US President Donald Trump Stephen Moore, calling the digital currency "a good thing." “This is interesting because Libra is a new problem for central banks, which is that they now have competition from private […]
On July 17, the Financial Services Committee of the US House of Representatives will hold a meeting on the Libra digital currency. It is reported by The Hill, with reference to the head of the committee, Maxim Waters. It is noteworthy that among US lawmakers, it was Waters who became the most active public critic of the Facebook initiative and a number of large companies that formed the Libra Association in Geneva, Switzerland. In particular, she […]
Member of the US House of Representatives Maxine Waters for the second time stated that Facebook should suspend the development of the Libra digital currency so that US regulators can understand the nature of the new network. She announced this on CNBC. “They must stop immediately so that we can sort it out.” We must protect our customers. We cannot allow […]
Facebook representatives will take part in the meeting of the Senate Committee on Banking, during which they will answer questions from legislators concerned about the company's plans to create its own digital currency. About this writes Reuters. The hearing will be held on July 16 and will be devoted to the launch of the Libra project and the associated risks, including the security of personal data of users, the committee said […]