Is Facebook’s libra a step towards the legitimisation of crypto? June 20, 2019 The “banking for the unbanked” narrative has long been the preserve of the bitcoin community. There are some 1.7bn people in the world today with no access to a bank account, and since bitcoin came into common usage, “financial inclusion” has been its mantra. So what should we make of Facebook’s apparent incursion into cryptocurrency? [...]
Facebook confirms launch of own cryptocurrency June 19, 2019 By Gary McFarlane from interactive investor. The social media giant announces its own cryptocurrency, called ‘Libra’ that aims to be ‘global money’. Facebook (NASDAQ:FB) has announced Libra coin, a cryptocurrency that aims to be global money and is set to launch in early 2020. A new app is joining the Facebook family called Calibra (https://calibra.com/), which will act as [...]
Facebook launches cryptocurrency with backing of Uber, Visa and Spotify June 18, 2019 Facebook has today published the white paper for its widely anticipated cryptocurrency initiative, with the founding support of several major businesses across multiple sectors. Named libra after the Roman unit of measure once used to mint coins, the cryptocurrency will be managed by an independent eponymous association consisting of 28 initial founding companies. Alongside Facebook [...]
Cryptocurrency pioneer pays $4.57m for lunch with Warren Buffett June 4, 2019 Cryptocurrency pioneer Justin Sun has bid a record $4.57m (£3.6m) to have lunch with Berkshire Hathaway’ Warren Buffett, a longtime critic of cryptocurrencies. Read more: Bitcoin hits 10-month high after strong start to 2019 The 28-year old submitted the winning bid during a five-day online charity auction on eBay which ended on Friday. Previous winners [...]
Crypto Insider June 3, 2019 Interested in Bitcoin? So are we.. Our Cryptocurrency insider page is dedicated to expert analysts who are interested in how digital currencies are affecting the financial markets. For the latest version please click the links below: Crypto Insider 24th March 202017th March 202010th March 20203rd March 202025th February 202018th February 202011th February 20204th February 202028th [...]
Fintech expert: London needs its own digital currency May 29, 2019 By Ian Hall (City AM, for CFA Institute) Powerhouse cities such as London should have their own digital currencies, according to a global fintech expert. David Birch, principal at 15Mb as well as being a well-known consultant and commentator on digital financial services, told an audience at the 72nd CFA Institute Annual Conference that “it really is time [...]
Bitcoin hits 10-month high of nearly $9,000 after strong start to 2019 May 27, 2019 Bitcoin edged close to the $9,000 mark today as it extended a strong run since the beginning of the year. The cryptocurrency rose more than ten per cent over the past day to $8,775, figures from Coin Market Cap show. Read more: Bitcoin bounces as the pound plunges: what’s next for global markets? It underlines [...]
Facebook ‘finalising its own Globalcoin cryptocurrency’, which could launch in March next year May 24, 2019 Facebook is in the final stages of planning the launch of its own cryptocurrency in 2020 which has been dubbed Globalcoin, according to reports. The social media giant, which has thus far steered clear from world of crypto trading, could set up a digital payments system in around a dozen countries as soon as March next [...]
Forex trading director spent client money on luxury lifestyle, court finds May 22, 2019 The High Court has ordered a forex trading company and its director to pay a £917,231 fine after it found investors were scammed and the proceeds spent on luxury goods and cryptocurrencies. The High Court declared that Xcore Capital and its director Jonathan Chitty, 27, from Surrey, had carried on an unauthorised investment scheme which [...]
More than £27m lost in forex and crypto investment scams last year May 21, 2019 Over £27m was reported lost to cryptocurrency and forex investment scams in the last financial year, figures published today show. Victims lost an average of £14,600 according to the Financial Conduct Authority (FCA) and Action Fraud. Reports tripled compared to the previous year to over 1,800. The FCA said fraudsters use social media to promote [...]