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Bank of England Carney Defends Facebook’s Libra Stablecoin

 

Bank of England Governor Carney Defends Facebook’s Libra Stablecoin

Bank of England governor Mark Carney defends Facebook’s choice to create a new currency

Canadian news outlet TheStar reported Carney’s remarks on Oct. 15, noting that he highlighted the shortcomings of the current traditional financial system. Because of the inefficiency of the payments, Carey thinks that firms such as Facebook should be involved in projects like Libra.

The current payments industry is lacking

More precisely, he reportedly criticized the high costs of moving money, saying that they penalize small businesses and can cost firms as much as 200 basis points per transaction, besides being processed too slowly. According to the report, he said:

“That’s not good enough in this day and age. Those payments should be instantaneous, it should be the same as us exchanging a banknote online. It should be virtually costless and it should be 100 per cent resilient.”

Regulation is still a must

Read More: https://cointelegraph.com/news/bank-of-england-governor-carney-defends-facebooks-libra-stablecoin

 

currncy

‘Satoshi’ Enters the Oxford English Dictionary

Satoshi, noun, “The smallest monetary unit in the bitcoin digital payment system, equal to one hundred millionth of a bitcoin,” enters the OED.
currncy

Bear Trap? Bitcoin Price Bullish Divergences Emerge Amid Market Fear

Bear Trap? Bitcoin Price Bullish Divergences Emerge Amid Market Fear

Technical analysis shows signals of a potential beartrap forming in the crypto market while the overall sentiment shows signs of fear

Fear is a normal expression seen from investors during downwards trending markets as traders and investors tend to be fixated by short term movements, similar to the euphoria in December 2017.

However, is it justified to have this fear checking the macro perspective of the market, or is it providing a great buy opportunity?

read full article here: https://cointelegraph.com/news/bear-trap-bitcoin-price-bullish-divergences-emerge-amid-market-fear

currncy

Layer1 Secures $50M from Peter Thiel, Others to Mine Crypto in Texas

Layer1 Secures $50M from Peter Thiel, Others to Mine Crypto in Texas

Layer1 has raised $50 million from industry stakeholders including PayPal co-founder Peter Thiel and early stage investor Shasta Ventures

Layer1 has raised $50 million from industry stakeholders including PayPal co-founder Peter Thiel and early stage investor Shasta Ventures

currncy

UAE Financial Watchdog Asks for Public Feedback on Crypto Regulation

UAE Financial Watchdog Asks for Public Feedback on Crypto Regulation

Regulators in the UAE will be collecting public feedback on drafted crypto asset regulation until Oct. 29

Regulators in the UAE will be collecting public feedback on drafted crypto asset regulation until Oct. 29

currncy

EToro, The Tie to Track Crypto Sentiment on Twitter for Investors

EToro, The Tie to Track Crypto Sentiment on Twitter for Investors

EToro and The Tie partner on AI-based investment tool, which opens trades based on sentiment signals from Twitter

EToro and The Tie partner on AI-based investment tool, which opens trades based on sentiment signals from Twitter

currncy

WATCH: MyCrypto CEO Taylor Monahan on Crypto Adoption and Ethereum

CoinDesk sat down with MyCrypto CEO Taylor Monaghan at Devcon 5 to discuss her crypto journey.
currncy

CipherTrace Expands Monitoring Platform to 700 Tokens

CipherTrace Expands Monitoring Platform to 700 Tokens

CipherTrace adds 700 tokens to its crypto intelligence platform

CipherTrace adds 700 tokens to its crypto intelligence platform

currncy

US Congressman: Facebook Should Add Bitcoin, Not Create Libra

US Congressman: Facebook Should Add Bitcoin, Not Create Libra

U.S. Congressman Warren Davidson says Bitcoin would be much better for Facebook than the introduction of a proprietary stablecoin like Libra

U.S. Congressman Warren Davidson says Bitcoin would be much better for Facebook than the introduction of a proprietary stablecoin like Libra

currncy

Nasdaq Lists AI-Powered Crypto Index for Top 100 Coins

Nasdaq Lists AI-Powered Crypto Index for Top 100 Coins

Cryptoindex’s AI-powered CIX100 index has been listed on Nasdaq

Cryptoindex’s AI-powered CIX100 index has been listed on Nasdaq

currncy
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