Cryptocurrencies

'Enough of this nonsense': Comments of the week

10/17/19

Readers cast doubts on regulatory attempts to jointly revamp the Community Reinvestment Act, react to Democrats berating the CFPB head, an upcoming House hearing with Facebook's CEO and more.

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Bank earnings season begins; more payments companies quit Facebook’s Libra

10/15/19

Consumer banking is expected to offset the banks’ underperforming Wall Street units; the defections of Visa, Mastercard and Stripe threaten the cyrpto project’s viability before it starts.

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'I don't think we can ignore digital currency'

10/15/19

Banks shouldn't let the legal and regulatory hurdles deter them, attorney Felix Shipkevich says.

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Visa, Mastercard, Stripe and eBay bail on Facebook's Libra ahead of key meeting

10/11/19

As regulatory pushback against Facebook's Libra cryptocurrency has accelerated, keeping the project together has become a major challenge, with Visa, Mastercard, Visa, eBay and Stripe joining PayPal in leaving the project.

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How alleged Asian crypto scam became headache for Comerica, Mastercard

10/09/19

A digital currency firm has been accused of recruiting actors to pretend to be Comerica and Mastercard employees, writing a fake prospectus and taking other steps to make it look like the two U.S. companies were its partners in an investment venture.

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Facebook's Zuckerberg to testify to House on Libra

10/09/19

The social media giant's CEO will likely encounter pushback from members of the Financial Services Committee about the company's plans to launch its own cryptocurrency.

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EU to regulate Libra; Robinhood joins online deposit war

10/09/19

The EU wants to protect the euro and ensure Facebook’s digital currency isn’t used for money laundering; the brokerage is partnering with six banks to offer 2% on account balances.

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Deutsche Bank plans new tech division; bitcoin futures platform fizzles

10/08/19

The German bank is trying to reverse its reputation for “lousy systems;” the Bakkt platform has failed to attract much trading in its first two weeks.

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PayPal quits Libra project; HSBC to cut 10,000 employees

10/07/19

The decision is a blow to Facebook's digital currency plans; the reduction is the bank’s “most ambitious attempt to rein in costs in years."

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What it means for Facebook's Libra to lose PayPal

10/04/19

Facebook's Libra cryptocurrency project has lost its first major ally. PayPal — where the head of Facebook's Libra project once served as president — has cut its ties. As a founding member, PayPal was expected to drive the payment-specific part of the cryptocurrency initiative.

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