Just when the dust was beginning to settle after the “round-the-globe” tongue-lashing of Facebook’s Libra project, regulators from the EU have decided in their infinite wisdom to turn up the volume a notch once more. The latest “twist” in this ongoing melodrama is that officials in the European Economic Union are concerned about potential anti-trust…
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The Libra investigation is going with full force, it seems. Back in July 2019, the Financial Services Committee declared how serious the investigation for the Facebook's project is going to be. One member of the FSC that stood out with serious determination to do the job was Maxine Waters. The Congresswoman accentuated that, according to…
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And now there are two contenders for the “2019 Crypto Hubris Award”, as if Libra needed a competitor to spur it on to victory or to smash it flat in defeat. Binance, the world’s largest crypto exchange by volume, in its infinite wisdom has decided to join the race to assist the un-banked masses of…
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Another day, another privacy defalcation by Facebook, so what else is new? Yes, once again Facebook is facing allegations that its staff has crossed another privacy line in the sand. San Francisco’s social media giant just cannot get out of its own way, when it comes to its two billion plus customers across the globe.…
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As the saying goes, “Success has a thousand fathers, but Failure is an orphan.” If anyone thought that the firestorm raised by Facebook and its Project Libra would die down, think again. There seems to be a second wave to this tsunami, as next level down technical politicos join the fray. Mark Zuckerberg, the distant…
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There is an old adage that counsels: “Keep your friends close, but keep your enemies closer.” The Bitcoin ecosphere has a hefty share of enthusiasts, zealots, and supporters, but there is also a loud and outspoken group of detractors that includes politicians of high rank, Nobel laureate economists, government officials, and ordinary citizens that profess…
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LeapRate Exclusive... Maryanne Morrow is the founder and CEO of 9th Gear Technologies - the only B2B institutional marketplace that enables same day Foreign Exchange (FX) transactions through on-demand payment liquidity. Maryanne brings more than 20 years as a corporate veteran in the financial, marketing and advertising industries to her role as founder and CEO…
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If Chinese officials are acutely aware of one thing, it most certainly is their country’s constantly evolving position in the world politic and what might pose a competitive threat to that position at a later date. It is therefore not that difficult to understand that, after Facebook and its Libra Coin received a tongue lashing…
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Facebook's Libra is all over the news: from regulatory bodies to fintech companies, everyone is excited about the "global currency" that the tech giant has been developing and has now officially launched its website. Another huge player, however, may be filing its own stablecoin very soon. Walmart seems to have filed a patent showing the…
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Facebook’s Libra project has turned from being an exciting new wave of innovation to help the unbanked to a public relations nightmare of the first order, after a rigid backlash from U.S. Congressmen and a palpable thrashing from government officials across the globe. We now have new survey data that purports that consumers in both…
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