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Tag Archives: Cryptocurrency

How the cryptocurrency of Facebook differs

A visual representation of a cryptocurrency coin in front of the logos of Facebook and Libra. Chesnot | Getty Images Facebook has recently made headlines with its plans to create a cryptocurrency. The social media company was forced to defend the project on Capitol Hill, taking into account the privacy and potential illegal use laws G-7 warns that it is …

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Finance Minister & # 39; not comfortable & # 39; with Facebook's cryptocurrency growing as bipartisan hostility

Finance Minister Steven Mnuchin talks to reporters about cryptocurrency at the White House on July 15, 2019 in Washington, DC. Photo: Chip Somodevilla / Getty Facebook's plan to introduce the Libra cryptocurrency is severely curtailed by federal officials who have expressed concerns about their potential use to circumvent money laundering regulations and to fund other illegal activities The House Financial …

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Bitpoint Exchange hacked into cryptocurrency for $ 32 million

Bitpoint, a Japan-based licensed cryptocurrency exchange, was hacked for $ 32 million in crypto assets. According to Friday's CoinDesk Japan report, Bitpoint has shut down all services, including trading, deposit and withdrawal of all crypto assets on Friday morning, after seeing an irregular withdrawal from its hot wallet on Thursday. It is not yet clear what types of assets have …

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Volatile US Tech Guru: Cryptocurrency is the next Cuban revolution

HAVANA (Reuters) – Fleeing the US tax authorities, tech guru John McAfee blows a cigar aboard his towering white yacht in a Havana harbor and says he can help Cuba with the US government escaping – by introducing a cryptocurrency that defeats a US trade embargo. John McAfee, co-founder of McAfee Crypto Team and CEO of Luxcore and founder of …

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US lawmakers demand Facebook brake Libra cryptocurrency

Photo: Getty Images The cryptocurrency of the Facebook Libra has a difficult start. After Libra was announced last month, US legislators were not too enthusiastic about the dubious success story of the social media giants in terms of privacy. Now, the US Financial Services Committee calls on Facebook to stop its plans. Under the leadership of Representative Maxine Waters, the …

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Relying on "massive risks," the House Democrats are calling on Facebook to discontinue its cryptocurrency plans

"If products and services like these are not properly regulated and under-monitored, they can present systemic risks that threaten financial stability in the US and globally." That's what a group of Democrats in the House's Financial Services Committee said on Tuesday to Facebook Inc. in a letter in which they called on the technology giant to discontinue the plans for …

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Cryptocurrency mobile app downloads are on price increase: Report

Despite Bitcoin's recent price increase (BTC), the number of downloads for cryptocurrency-related mobile applications is not increasing, Bloomberg reported on June 28, 2018, there were 65.8 million crypto-currency-related app downloads in the first six months of this year it is 67 million, an increase of about 1.82%. This growth is nowhere near as strong as in previous years, considering 28.2 …

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Regulators doubt Facebook cryptocurrency. So too his partners.

The largest American cryptocurrency company, Coinbase, was one of Libra's 27 original partners. When the partnership was announced internally, several Coinbase employees expressed concern that their company was merging with a giant company like Facebook. According to two employees of the company, crypto currency fans, such as privacy, are extremely worried. A spokeswoman for Coinbase declined to comment. Joe Lallouz, …

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Facebook's push into the cryptocurrency poses new risks for banks

The Bank for International Settlements (BIS) warns that the financial services of large technology companies such as Facebook, Google and Amazon could bring new risks to the banking sector. The BIS – an international financial institution An institution in Switzerland owned by 60 of the world's central banks – published a report on its position on 23 June. In the …

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