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G7 finance chiefs pour cold water on Facebook's digital coin plans

Leigh Thomas and Michael Nienaber
Posted at Jul 18 08:35 AM

The massive social media company's plan to launch a digital coin has met with a chorus from regulators, central bankers and governments saying it must respect anti-money-laundering rules and ensure the security of transactions and user data. Read more »

France, Germany worried over new Facebook currency

Agence France-Presse
Posted at Jul 18 02:15 AM

CHANTILLY, FRANCE - The finance ministers of France and Germany on Wednesday expressed serious reservations about Facebook's planned Libra cryptocurrency because of its possible impact on global financial stability. Read more »

Bitcoin drops more than 10 percent as scrutiny of cryptocurrencies grows

Tom Wilson, Reuters
Posted at Jul 15 05:34 PM

Bitcoin slumped more than 10% over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting scrutiny of Facebook's planned Libra digital coin. Read more »

Facebook's Libra currency under fire

Kevin Trublet, Agence France-Presse
Posted at Jul 14 10:59 AM

Facebook's planned virtual unit Libra, already under heavy attack from US President Donald Trump and global regulators, faces skepticism among the wider cryptocurrency community as well. Read more »

US Fed calls for Facebook to halt Libra project until concerns addressed

Pete Schroeder and Trevor Hunnicutt, Reuters
Updated as of Jul 11 08:04 AM

WASHINGTON - US Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns are addressed, comments that pressured the project and dented the price of the original cryptocurrency bitcoin.   Read more »

Bitcoin's losses grow, recoils 30 percent from 2019 highs

Reuters
Updated as of Jul 03 08:11 AM

Bitcoin skidded as much as 9 percent on Tuesday, falling below the $10,000 mark and pushing losses to over 30 percent since the original cryptocurrency hit an 18-month-high last week. Read more »

Bitcoin seen to sustain rally as Facebook unveils own cryptocurrency

ABS-CBN News
Posted at Jun 26 04:00 PM

Bitcoin is set for a big rally after Facebook's announcement that it would launch its own cryptocurrency, a local fintech startup said on Wednesday.  Read more »

US Fed to look 'carefully' at Facebook virtual coin Libra

Agence France-Presse
Posted at Jun 26 06:55 AM

Federal Reserve chairman Jerome Powell said Tuesday the US central bank will be closely scrutinizing Facebook's newly announced cryptocurrency Libra with an eye toward potentially regulating the virtual coin.  Read more »

Bitcoin surges above $11,000 thanks to Facebook's currency plans

Agence France-Presse
Posted at Jun 24 08:53 PM

Bitcoin surged to a near 16-month high above $11,000 Monday, overshadowing showings across stock, foreign exchange and commodity markets, with investors looking ahead to the week's G20 summit. Read more »

Facebook's cryptocurrency faces privacy concerns, political backlash

Katie Paul and Anna Irrera, Reuters
Posted at Jun 19 10:11 AM

The social networking giant has linked with 28 partners including Mastercard, PayPal and Uber to form Libra Association, a Geneva-based entity governing the new digital coin, according to marketing materials and interviews with executives. No banks are yet part of the group. Read more »

Facebook reveals Libra cryptocurrency, with lofty goals

Katie Paul and Anna Irrera, Reuters
Posted at Jun 18 05:11 PM

Facebook Inc revealed plans on Tuesday to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move into e-commerce and global payments. Read more »

Facebook to unveil new cryptocurrency

Agence France-Presse
Posted at Jun 18 07:56 AM

Facebook is set Tuesday to unveil a bid to bring cryptocurrency payments into the mainstream, reportedly with the endorsement of governments and financial giants.    Read more »

Bitcoin tops $8,000 as it hits highest since July 2018

Gertrude Chavez-Dreyfuss, Reuters
Posted at May 14 07:02 AM

There is no real fundamental explanation as to why bitcoin, the original cryptocurrency, hit a 10-month high on Monday. Read more »

Hamas shifts tactics in bitcoin fundraising, highlighting crypto risks - research

Tom Wilson and Dan Williams, Reuters
Posted at Apr 26 03:03 PM

LONDON/JERUSALEM - The armed wing of Hamas is using increasingly complex methods of raising funds via bitcoin, researchers say, highlighting the difficulties regulators face in tracking cryptocurrency financing of outfits designated by some as terrorist groups. Read more »

France sees blockchain as anti-monopoly weapon in digital world

Agence France-Presse
Posted at Apr 16 08:18 AM

France had already put in place legal, fiscal and accounting structures to manage fundraising in digital currencies as a pillar of the blockchain economy. Read more »

China wants to ban bitcoin mining

Brenda Goh, Alun John, Reuters
Posted at Apr 09 08:33 PM

China’s state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector. Read more »

Bitcoin soars past $5,000, mystery buyer seen as catalyst

Tom Wilson and Tommy Wilkes, Reuters
Posted at Apr 02 06:39 PM

Bitcoin burst to its highest level in almost five months on Tuesday, sending smaller cryptocurrencies up, with analysts ascribing the move to a major order by an anonymous buyer that triggered a frenzy of computer-driven trading. Read more »

Geek turned Bitcoin baron tracks cryptocurrency's rise and fall

Agence France-Presse
Posted at Mar 13 03:24 PM

Once described as a geek who stuffed himself with snacks in front of his computer, Mark Karpeles rose to head a firm that once claimed to handle 80 percent of the world's bitcoin transactions. Read more »

JPMorgan Chase unveils cryptocurrency prototype

Agence France-Presse
Posted at Feb 15 04:38 AM

JPMorgan Chase on Thursday unveiled a prototype for a digital coin system using blockchain, a first among major banks as disruption accelerates change in financial services.   Read more »

Police raid ROSES4U Inc. for scamming Malaysians, Europeans

Maan Macapagal, ABS-CBN News
Posted at Feb 12 10:51 PM

The PNP-ACG and the Securities and Exchange Commission raided a company for allegedly operating an online investment scam targeting Malaysian and European investors.  Read more »