PayPal pulls out of the Libra Association, crypto markets fail to recover, and Mark Cuban says he’d rather have bananas than BTC. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more…
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The U.S. government reacted to Facebook’s Libra “like they almost want to be left behind,” says Coinbase CEO Brian Armstrong. Brian Armstrong, CEO and co-founder of major crypto exchange Coinbase, tweeted on Oct. 5 that he expects the United States government to react to China’s stablecoin project by reconsidering its “ridiculous” response to Facebook’s Libra…
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Stablecoins could pose “regulatory challenges,” says Randall Quarles, chair of the Financial Stability Board. Randall Quarles, chair of the Financial Stability Board (FSB), has claimed that the potential scale of stablecoins such as Facebook’s Libra could present future “regulatory challenges.” Quarles voiced his opinion during a presentation at the European Banking Summit in Belgium on…
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The U.S. House Financial Services Committee invites Facebook COO Sheryl Sandberg to testify on the condition that CEO Mark Zuckerberg follows suit by January. The United States House Financial Services Committee has reportedly invited Facebook COO Sheryl Sandberg to testify on Oct. 29 about the company’s plans for its Libra stablecoin. According to a report…
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Head of Swiss financial supervisor FINMA Mark Branson says that he is more concerned with the dark corners of crypto than he is with Libra. Mark Branson, head of Swiss financial supervisor FINMA, said that he is more concerned with the dark corners of cryptocurrency than he is with Facebook’s stablecoin Libra. Switzerland will not…
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Facebook CEO Mark Zuckerberg outlined the firm’s approach to regulators regarding Libra in newly leaked audio from an internal Q&A session held in July. Newly leaked audio from Q&A sessions between Facebook’s CEO and employees revealed Facebook’s early strategy for Libra launch. One month after releasing Libra’s white paper On Oct. 1, tech news agency…
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Stablecoins have exploded in popularity in 2019 — but there are plenty of challenges that lie ahead for this type of cryptocurrency in the future. What will 2020 hold for stablecoins? Big launches and some further regulatory drama are increasingly likely. Keep an eye on Facebook and Walmart to see how their projects progress, and…
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European Central Bank key legal official Yves Mersch said that Facebook’s Libra stablecoin is “beguiling but treacherous.” Yves Mersch, European Central Bank’s key legal official, said that Facebook’s Libra stablecoin is “beguiling but treacherous” during a speech at the ECB’s legal conference in Frankfurt on Monday. Bloomberg reported on Mersch’s remarks in an article published…
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Bitcoin loses support for five figures, Craig Wright ordered to pay 500,000 BTC, and China’s digital currency may be further away than first thought. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and…
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The FSA expands its workforce to ensure cryptocurrency compliance and Hong Kong residents use Bitcoin to avoid capital controls. In the crypto space in Asia last week, new data concerning Bitcoin (BTC) use in Hong Kong shows that residents are using crypto to hedge against the possibility of capital restraints, while the Japanese Financial Services…
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