A new patent filing suggests that one of America’s largest retailers Wal-Mart may be developing its own U.S dollar-backed digital currency which will be similar to Facebook’s Libra. The patent was filed by the U.S Patent and Trademark Office (USPTO)…
Andreessen Partner: All Money will be Digital in a Decade
Katie Haun, a general partner at Andreessen Horowitz, believes that all money will be digital in ten years. According to her, she expects money to make the transformation that music and books have in recent years. Haun sees efforts like…
Mark Zuckerberg Advocates for Digital Community Self Governance
Facebook CEO Mark Zuckerberg believes the digital currency space needs oversight not just by government regulation but also community self-governance, which he termed as “another and perhaps even better way”. He said in a Facebook post; “One of the big…
Mnuchin fine with Libra launch if Financial Rules are Followed
U.S secretary of state Steve Mnuchin has said that he has no issues with the Libra launch as long as financial rules are followed. This comes as a bit of a surprise since the Libra project has faced the most…
Chinese Regulator: Libra must Abide to Regulations or get Banned
A Chinese senior regulator is of the opinion that Libra must be made to abide to international foreign exchange regulations or “it should be banned”. Sun Tiangi Chief accountant of China’s State Administration of foreign exchange (SAFE), made the comments…
China Looking into Blockchain and A.I Use Cases for International Financing
China is reportedly looking into the various use cases for Blockchain technology and artificial intelligence in (AI) in international financing with a specific focus on risk management procedures. China is looking to do this because it intends to liberalize its…
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…
US Congressman: Facebook Should drop Libra and Adopt Bitcoin
Facebook’s Libra has been receiving a lot of attention since it was first revealed. It has been subject to international scrutiny, analyst scrutiny, and even US congressional scrutiny. U.S congressman Warren Davidson of Ohio’s 8th congressional district added his voice…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
