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After 6 Hours of Zuckerberg Testimony, Congress Still Hates Libra
24.10.2019
The party line thickens and Libra looks hamstrung at yesterday’s Zuckerberg hearing before the House Financial Services Committee
US Financial Watchdogs Join UK’s Global Financial Innovation Network
24.10.2019
An array of U.S. regulatory agencies has joined the U.K’s Global Financial Innovation Network to further promote its expertise
3 Major Signs That Precede the Fall of World Reserve Currencies
24.10.2019
The story of reserve currencies is long and stretches far back into ancient times. As modern history shows, however, the average lifespan of fiat reserve assets is just around 100 years. This means that even the U.S. dollar’s period of dominance is probably nearing its end very soon...
US Treasury Agrees on Need to Observe Libra After Congressman’s Request
23.10.2019
The U.S. Treasury has agreed that there is a need to monitor Libra and the risks it may pose following a letter from Congressman Emanuel Cleaver
Zuckerberg: Facebook Would Leave Libra if It Launched Too Early
23.10.2019
Facebook will have to withdraw from the Libra Association if Libra is launched too early, Zuckerberg says
How Fiat Money Fails: Deconstructing the Government’s Paper-Thin Promise
23.10.2019
Fiat money has a surprisingly short lifespan. The almighty U.S. dollar currently serving as world reserve currency is not exempted, in spite of all proclamation that it cannot fail. Throughout history, fiat money has failed over and over again, where sound assets like gold have survived. Ruling...
Updating Live: Zuckerberg Hearings Before Congress on Libra
23.10.2019
Cointelegraph brings you live updates from the congressional hearings with Mark Zuckerberg
US Congressman: Default Reaction to Bitcoin, Blockchain Must Be ‘Yes’
23.10.2019
U.S. Congressman Patrick McHenry, who represents North Carolina’s 10th District, has reintroduced the Financial Services Innovation Act to promote crypto innovation
Bank Crisis Spreads in India – Deaths, Strike, Supreme Court Denial
23.10.2019
The Indian banking sector is facing multiple challenges. Customers of several cooperative banks are still struggling to withdraw their money, and deaths have been reported in connection with withdrawal restrictions. Meanwhile, some 300,000 state-run bank employees are on strike against what...
The Silk Road Investigation: A ‘Pattern of Bad Behavior and Double Agents’
23.10.2019
Kathryn Haun, a general partner at U.S. venture capital firm Andreessen Horowitz, has revealed in recent interviews how she helped take down the Silk Road when she was working for the Attorney General’s office. According to her accounts, the U.S. government agency also asked her to help...
Zuckerberg: Facebook Will Not Launch Libra Without US Approval
22.10.2019
Mark Zuckerberg plans to assure Congress that Libra will not launch until all U.S. regulators' concerns are addressed
Germany Warns of Privacy Token Usage in Money Laundering and Terrorism
22.10.2019
German Finance Ministry urges oversight over the development of privacy tokens to prevent illicit usage
Is It Possible for Bitcoin to Replace Government-backed Fiat Currencies?
22.10.2019
We are currently witnessing an age of unusual things and revolutions, where people talk to computers and software more than they do with humans, where skyscrapers are becoming more common than green patches, and where fights against government suppression have reached new heights. In such times...
UK Gov’t: FCA Will Make Final Decision on Banning Crypto Derivatives
22.10.2019
The U.K. government has stressed that is up to the “operationally independent” financial regulator, not the executive, to decide on a proposed crypto derivatives ban
Silk Road Prosecutor: 99.9% of Fiat Money Laundering Goes Unprosecuted
22.10.2019
“The financial services industry is spending $20 billion a year on AML and KYC. So I would ask you: is it even working? I don’t think it’s working”
Bad for Business: How KYC/AML Makes Everyone a ‘Terrorist’
22.10.2019
Two reports from risk solutions group Lexisnexis assert that anti-money laundering (AML) and know your customer (KYC) policies can negatively affect a business’s bottom line and customer service significantly. A recent trip to the local post office for a money order certainly had a negative...
Major Korean Banks Join Government-Backed Blockchain ID Initiative
21.10.2019
Institutions including the Shinhan and NH Nonghyup banks have joined a blockchain identity initiative aimed to securely share personal data
McAfee Envisions DEX in a World Where Crypto Won’t Be Traded for Fiat
21.10.2019
In a recent video posted to Twitter. John McAfee states: “Imagine a world…where fiat currency is diminishing in importance.” Instead of pointing to the adoption of crypto by big money interests, the rogue politician and radical bitcoin proponent talks of a complete flip, where...
Report: Facebook Could Use Fiat-Pegged Stablecoins for Libra
20.10.2019
Calibra CEO David Marcus reportedly said that Libra would be open to using national fiat-pegged stablecoins at a banking seminar on Sunday
Crypto News From the Spanish-Speaking World: Oct. 13–19 in Review
20.10.2019
This week’s selected cryptocurrency and blockchain news from Spain and Latin America, courtesy of Cointelegraph en Español