China unbans Crypto!!

China is taking an abrupt crypto U-turn that is surprising everyone in the crypto community. A country that only a few months ago had a lot of anti-crypto sentiment is increasingly becoming more open to the technology. According to Twitter-based…

Jack Dorsey: Twitter will not be Joining Libra Association

According to Twitter CEO Jack Dorsey, the social media giant will not be part of the Libra foundation. Dorsey replied with a resounding “Hell no” when asked about his firm’s potential membership of the Facebook-led crypto payments scheme at a…

Zuckerberg to tell Congress that Libra can Fix “failing” Financial System

Facebook CEO Mark Zuckerberg will tell congress that Libra can bring financial services to the world’s 1.7 Billion unbanked people. Facebook’s CEO released a written testimony a day before his scheduled appearance before the U.S House of Representatives Financial Services…

Banks May Drop Facebook Due to Regulatory Concerns

An ING executive has warned that banks may be forced to drop Facebook as a customer, if it persists with its plans to develop the Libra project. The executive is concerned that Facebook may continue its project without addressing the…

ECB Banker: Libra Could succeed where Central Banks have failed

Facebook’s Libra could potentially solve some of the problems that have plagued the international payments market for years now, but it might also create others if the regulators don’t get creative. This is according to a European Central banker who…

Ripple adds Dubai-based Bank to its Blockchain Network

Ripple partners with the National bank of Fujairah, in yet another stride towards the development of RippleNet’s Blockchain network. The national bank of Fujairah is a Dubai-based corporate bank that offers corporate and commercial banking services for conducting cross-border payments.…

Germany’s Largest Bank joins JPMorgan’s Blockchain Network

The largest bank in Germany Deutsche bank, has joined JPMorgan’s Blockchain-based network; the interbank information Network (INN) The JPMorgan Blockchain initiative was launched bank in 2017 as a pilot, and has since attracted 320 banks which have all signed up…

Facebook’s Libra backed by Several National Currencies

In its journey to get its very own Stablecoin approved by regulators, Social media giant Facebook reportedly shared details regarding the project’s proposed backing reserves. According to a Sep 9 Bloomberg report, the social media giant revealed to senators about…

Binance set to Launch Dollar Backed Stable Coin

Binance is set to launch a dollar backed stable coin in the United States according to reports. The new Binance stable coin will be known as the Binance USD (BUSD) according to an announcement made by the exchange. The new…

IMF Head: We Should be Open to Cryptocurrencies

Outgoing IMF Head Christine Lagarde, believes financial institutions such as Central banks and other financial bodies should remain vigilant in protecting consumer interests while at the same time being open to innovations like cryptocurrencies. The outgoing International Monetary Fund (IMF)…