CEZA suspends operations of cryptocurrency firms

The Cagayan Economic Zone Authority (CEZA) has ordered the suspension of operations of financial technology and offshore virtual currency exchange (OVCE) licensees amid an ongoing investigation on Golden Millenial QuickPay Inc. Ltd. (GMQ), which was granted a license by the agency, on allegations of involvement in an investment scam......»»

Source: Philstar PhilstarCategory: FinanceSep 20th, 2019Related News

Telegram secretly plans Gram cryptocurrency

MOSCOW, Russia – Working in secrecy for a year, the Telegram messaging service has a plan: to beat Facebook in the race to launch a cryptocurrency with its new project "Gram." Little is known about Gram, but media reports say Russian-founded Telegram aims to create an accessible service ........»»

Source: Rappler RapplerCategory: NewsSep 4th, 2019Related News

Facebook s Libra currency could undermine European Central Bank – official

FRANKFURT AM MAIN, Germany – Widespread adoption of Facebook's proposed "Libra" cryptocurrency could harm the European Central Bank's (ECB) ability to manage the eurozone economy and threaten the euro itself, a top official said Monday. Facebook announced Libra in June, promising the digital currency would be backed by real assets ........»»

Source: Rappler RapplerCategory: NewsSep 2nd, 2019Related News

Could cryptocurrency dethrone the dollar?

London, United Kingdom (AFP) — Bank of England (BoE) governor Mark Carney has suggested that a virtual currency, modeled on Facebook’s Libra, could one day replace the dollar as king of the foreign exchange market. The BoE chief aired vague proposals for a so-called “Synthetic Hegemonic Currency” at the recent Jackson Hole Symposium of central […] The post Could cryptocurrency dethrone the dollar? appeared first on Daily Tribune......»»

Source: Tribune TribuneCategory: NewsSep 1st, 2019Related News

The largest bank in the Philippines has launched its own cryptocurrency

The largest bank in the Philippines has launched its own cryptocurrency FXStreet UnionBank, the largest bank in the Philippines, has become the country's first financial institution to launch its.....»»

Source: Manilanews ManilanewsCategory: NewsJul 29th, 2019Related News

Libra: What consumers need to know about Facebook’s new cryptocurrency

Cryptocurrencies have become a global phenomenon in the past few years. Now Facebook is launching it’s own cryptocurrency, in association with Visa, MasterCard, Uber and others. The stated aim of  Libra  is to “enable a simple global currency and financial infrastructure that empowers billions of people”. The announcement has sparked ........»»

Source: Rappler RapplerCategory: NewsJul 20th, 2019Related News

BSP lukewarm on launching own cryptocurrency

The Bangko Sentral ng Pilipinas (BSP) remains lukewarm to the idea of issuing its own digital currency despite the decision of Facebook to unveil its own cryptocurrency, Libra......»»

Source: Philstar PhilstarCategory: FinanceJul 4th, 2019Related News

U.S. Fed to look carefully at Facebook virtual coin Libra

WASHINGTON, USA – Federal Reserve chairman Jerome Powell said Tuesday, June 26, the US central bank will be closely scrutinizing Facebook's newly announced cryptocurrency Libra with an eye toward potentially regulating the virtual coin. Powell became the latest official to voice concern over the global virtual currency unveiled last week by Facebook and ........»»

Source: Rappler RapplerCategory: NewsJun 26th, 2019Related News

Swiss watchdog in contact with Facebook cryptocurrency backers

GENEVA, Switzerland –  Switzerland's market watchdog confirmed Thursday, June 20, that it is contact with the "initiators" of Facebook's new cryptocurrency, as questions mount over how the money will be regulated.  Switzerland has tried to establish itself as a global cryptocurrencies hub, but the entry into the market of a behemoth ........»»

Source: Rappler RapplerCategory: NewsJun 20th, 2019Related News

With Libra, Facebook takes on the world of cryptocurrency

SAN FRANCISCO, USA – Facebook is leaping into the world of cryptocurrency with its own digital money, designed to let people save, send or spend money as easily as firing off text messages. "Libra"  – described as "a new global currency" – was unveiled on Tuesday, June 18 in ........»»

Source: Rappler RapplerCategory: NewsJun 18th, 2019Related News

Facebook to unveil new cryptocurrency

LONDON, United Kingdom – Facebook is set Tuesday to unveil a bid to bring cryptocurrency payments into the mainstream, reportedly with the endorsement of governments and financial giants.  The world's biggest social network is expected to outline details of a virtual currency launching next year that it hopes will ........»»

Source: Rappler RapplerCategory: NewsJun 17th, 2019Related News

Pacquiao to hold free concert with Pac token launch

MANILA, Philippines – Manny Pacquiao rekindles his passion for music when he stages a free concert at Smart Araneta Coliseum on Sunday, September 1. Simultaneous with the event is the launching of Pac token, Pacquiao’s own cryptocurrency, in collaboration with Singapore-based Global Crypto Offering Exchange (GCOX). According to Pacquiao, a Philippine senator ........»»

Source: Rappler RapplerCategory: NewsJun 15th, 2019Related News

The exciting possibilities of next-generation technologies

The global economy is undergoing disruptive changes prompted by the emergence and adoption of technologies such as mobile and cloud computing, cryptocurrency, the Internet of Things, autonomous driving system and artificial intelligence (AI). While these innovations have raised a wide variety of concerns, including fear of widespread job losses, they have no doubt been instrumental […].....»»

Source: Bworldonline BworldonlineCategory: FinanceJun 10th, 2019Related News

Facebook making independent foundation for its cryptocurrency run – report

MANILA, Philippines – Facebook will set up an independent foundation for its GlobalCoin cryptocurrency, according to a report from The Information .  The report mentions it is reaching out to financial institutions as well as technology companies "that will contribute capital and help govern the digital currency." The Next Web  added Facebook ........»»

Source: Rappler RapplerCategory: NewsJun 6th, 2019Related News