Mark Zuckerberg, CEO of the largest social networking site Facebook, said the company is ready to resolve all issues with Libra's regulators.
At a conference on the results of the second quarter of 2019, Zuckerberg stressed that several years ago Facebook would launch a new product without asking permission from regulators. But now the company's policy has changed.
In the congested and somewhat complex arena of blockchain technology lays a singularly unique company, built around the fundamental foundations from which crypto is built.
MinedBlock is a Fintech Crypto payments processor who specialise in transaction processing (mining) for crypto currencies.
MinedBlock have adopted a very concise and progressive mission statement from the offset and aim to capitalise on this through the execution of their Initial Exchange Offering (IEO).
According to US Treasury Secretary Stephen Mnuchin, there is every reason to develop new regulations for cryptocurrency by US regulators.
Over the past few years, the presidential administration has almost completely ignored cryptocurrencies. However, Donald Trump's recent statements about Bitcoin, as well as Facebook's announcement of Libra cryptocurrency project, give a reason to assume that the regulator intends to tackle digital money in order to limit its negative impact on the financial system.
Senior manager in EY's Financial Services Advisory team to join Fintech-related panel discussion at PICANTE TECH Conference Europe 2019.
It seems that there are some financial advisors out there who seem to know the client's needs before they do. Wondering how is this possible? Well, there's a good chance that software is part of the reason and that software comes in the form of Fintech.
The CEO of the American brokerage company TD Ameritrade Tim Hockey said that Bitcoin has become much more interesting for traders.
"Customers often ask about Bitcoin, but in the US there are significant regulatory obstacles in order to provide the customer with the opportunity to trade cryptocurrencies. We would be glad to participate in this, but we need to make sure that risks for our clients and ourselves are insignificant," said Hockey in an interview.
According to the CEO of Pantera Capital investment company Dan Morehead, by the end of the year the rate of the first cryptocurrency could reach $ 42,000.
Researchers at LongHash found that the highest volatility in cryptocurrency markets is at 1 am UTC. To conduct the study, analysts used data from the Coinbase exchange, calculating the number of daily peaks and lows in each hour and comparing with the indicators for the rest of the hours of the day.
The well-known cryptocurrency skeptic Nouriel Roubini ("Dr.DOOM") said that cryptocurrency exchanges "are directly involved in criminal activity," especially he singled out the BitMEX platform.
In his report, Nouriel Roubini emphasized that it was a fraud to offer users a trade with a leverage of up to 100, collect high commissions and "drain funds from users into a kind of "liquidation fund".Bank of England Chairman Mark Carney stressed that society needs to recognize the problems that Facebook is trying to solve with the help of the Libra project.
"It's way too expensive to do domestic payments. It's way too slow, and that hurts consumers and businesses. It stifles innovation, and it's far too expensive to send money cross-border, and there are huge financial inclusion issues related to that and costs related to that. So, while we are trying to address all these issues, we have to absolutely acknowledge the problem that they're trying to solve. And if it's not this, we'd better have some answers for what else it is," Carney said at a press conference.
