G7 Forming Task Force in Response to Facebook’s Libra Cryptocurrency

With the recent unveiling of Facebook’s Libra cryptocurrency raising regulatory questions, France is forming a task force within the Group of Seven (G7) nations to examine the issues. Reuters reports Friday, that the governor of the French central bank, Francois Villeroy de Galhau, indicated the crypto task force would be headed by European Central Bank board […]

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Facebook’s Cryptocurrency Wants to Take on Banks, Not Bitcoin

George McDonaugh is CEO and co-founder of KR1 plc, a London listed cryptocurrency and blockchain investment company. Facebook is creating its own cryptocurrency – something that even those of us necking the crypto Kool Aid back in the early bitcoin days never in our wildest dreams thought would happen. The details are emerging, but what […]

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Nouriel Roubini Says Facebook’s GlobalCoin Has ‘Nothing to Do With Crypto’

Noted economist and cryptocurrency skeptic Nouriel Roubini has said Facebook’s soon-to-be unveiled cryptocurrency, reportedly called GlobalCoin, is not really crypto. In a conversation with CoinDesk, Roubini – also nicknamed “Dr. Doom” for his prediction of the financial crash in 2007 and 2008 – said: “It has nothing to do with blockchain. Fully private, controlled, centralized, verified and authorized […]

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Why Facebook’s Foray into Crypto Could be Fruitless

Mainstream media was abuzz last week with the news that Facebook has plans to launch its own digital token, ‘GlobalCoin’. This highlights the ignorance that big news outlets have, as Facebook really is ill-suited to have anything close to what we consider cryptocurrency. Cryptocurrency by nature is a mathematically secure, disruptive peer to peer technology […]

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Facebook to Roll Out ‘GlobalCoin’ Cryptocurrency in 2020, Report Says

Social media giant Facebook is set to roll out its own cryptocurrency dubbed “GlobalCoin” in 2020, according to a report from BBC. The news outlet said on Friday that Facebook is planning to launch the cryptocurrency-based payments system in “a dozen countries” by the first quarter of 2020 and is looking to start trialing it […]

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