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Facebook's GlobalCoin Is No Threat to Bitcoin, But Banks Should Worry - 0 views

tabbforum.com/...bitcoin-but-banks-should-worry

CryptoAssets Fintech Stablecoins AltCoins Facebook

shared by John Kiff on 18 Jun 19 - No Cached

John Kiff on 18 Jun 19

PayPal, for example, charges a three percent transaction fee, which takes a substantial cut out of businesses and freelancers who use their payment service for the majority of their transactions. Unless PayPal and its peers lower their fees in response to the new competition from Facebook, they could end up losing substantial market share.

<div class="cArrow"> </div><div class="cContentInner">PayPal, for example, charges a three percent transaction fee, which takes a substantial cut out of businesses and freelancers who use their payment service for the majority of their transactions. Unless PayPal and its peers lower their fees in response to the new competition from Facebook, they could end up losing substantial market share.</div>

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Facebook debuts Libra cryptocurrency: a Bitcoin killer? - 0 views

www.zdnet.com/...ryptocurrency-a-bitcoin-killer

Fintech Facebook CryptoAssets Stablecoins AltCoins

shared by John Kiff on 18 Jun 19 - No Cached

John Kiff on 18 Jun 19

Facebook says that Calibra customers' account information and financial data will not be used to improve ad targeting on the Facebook family of products and only in limited cases will information be shared to reflect our need to keep people safe, comply with the law and provide basic functionality to the people who use Calibra.

<div class="cArrow"> </div><div class="cContentInner">Facebook says that Calibra customers' account information and financial data will not be used to improve ad targeting on the Facebook family of products and only in limited cases will information be shared to reflect our need to keep people safe, comply with the law and provide basic functionality to the people who use Calibra.</div>

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Better Than Bitcoin? Facebook Unveils Libra Cryptocurrency - 0 views

www.bloomberg.com/...k-unveils-libra-cryptocurrency

CryptoAssets Fintech AltCoins Stablecoins Facebook

shared by John Kiff on 18 Jun 19 - No Cached

John Kiff on 18 Jun 19

U.S. regulations may represent another hurdle for Facebook. The SEC has shut down about a dozen businesses issuing their own tokens for violations of securities law. Facebook has been in contact with the SEC, but it hasn't received a "no-action" letter from the SEC yet. That would have safeguarded the project from regulatory action by the agency.

<div class="cArrow"> </div><div class="cContentInner">U.S. regulations may represent another hurdle for Facebook. The SEC has shut down about a dozen businesses issuing their own tokens for violations of securities law. Facebook has been in contact with the SEC, but it hasn't received a "no-action" letter from the SEC yet. That would have safeguarded the project from regulatory action by the agency.</div>

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Facebook's Libra coin is a symptom of banks' flaws - 0 views

www.ft.com/...68-910b-11e9-aea1-2b1d33ac3271

Stablecoins CryptoAssets Fintech Facebook AltCoins

shared by John Kiff on 18 Jun 19 - No Cached

John Kiff on 18 Jun 19

A digital challenger with the clout of Big Tech is the stuff of nightmares for the old guard of finance. Facebook says that money transfers with Libra will be fast and cheap. That would undercut banks' transaction fees, especially internationally.

<div class="cArrow"> </div><div class="cContentInner">A digital challenger with the clout of Big Tech is the stuff of nightmares for the old guard of finance. Facebook says that money transfers with Libra will be fast and cheap. That would undercut banks' transaction fees, especially internationally.</div>

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What exactly is Facebook's Libra Reserve? - 0 views

ftalphaville.ft.com/...y-is-Facebook-s-Libra-Reserve-

Stablecoins CryptoAssets Fintech AltCoins Facebook

shared by John Kiff on 18 Jun 19 - No Cached

John Kiff on 18 Jun 19

Some are comparing Facebook's Libra Reserve scheme to the IMF's Special Drawing Right (SDR) system. This makes sense. It's based on a basket of currencies just like Libra intends to be when it is launched next year. But the truth is Libra is anything but an SDR system.

<div class="cArrow"> </div><div class="cContentInner">Some are comparing Facebook's Libra Reserve scheme to the IMF's Special Drawing Right (SDR) system. This makes sense. It's based on a basket of currencies just like Libra intends to be when it is launched next year. But the truth is Libra is anything but an SDR system.</div>

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Facebook's Libra: blockchain, but without the blocks or chain - 0 views

ftalphaville.ft.com/...ut-without-the-blocks-or-chain

Facebook Stablecoins CryptoAssets AltCoins Fintech

shared by John Kiff on 18 Jun 19 - No Cached

John Kiff on 18 Jun 19

Talk of decentralised structures is everywhere in the introductory material, but for now the system only aspires to achieve decentralisation at some point in the future. Libra Blockchain will be coming to market in fully permissioned form, effectively centrally controlled by the founder Libra coin holders.

<div class="cArrow"> </div><div class="cContentInner">Talk of decentralised structures is everywhere in the introductory material, but for now the system only aspires to achieve decentralisation at some point in the future. Libra Blockchain will be coming to market in fully permissioned form, effectively centrally controlled by the founder Libra coin holders.</div>

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There's a Second Token: A Breakdown of Facebook's Crypto Economy - 0 views

www.coindesk.com/f-facebooks-blockchain-economy

Facebook AltCoins CryptoAssets Stablecoins Fintech

shared by John Kiff on 18 Jun 19 - No Cached

John Kiff on 18 Jun 19

In addition to Libra, the project will also issue a "Libra investment token" that will be sold only to the founding corporate members of the Libra Association, and accredited investors. Excess interest earned on the portfolio backing outstanding Libra collateral will go to holders of the investment tokens.

<div class="cArrow"> </div><div class="cContentInner">In addition to Libra, the project will also issue a "Libra investment token" that will be sold only to the founding corporate members of the Libra Association, and accredited investors. Excess interest earned on the portfolio backing outstanding Libra collateral will go to holders of the investment tokens.</div>

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Facebook's Libra Cryptocurrency: A Technical Deep Dive - 0 views

www.coindesk.com/currency-a-technical-deep-dive

Stablecoins Fintech CryptoAssets Facebook AltCoins

shared by John Kiff on 18 Jun 19 - No Cached

John Kiff on 18 Jun 19

Facebook has built a dedicated computer programming language called "Move" to provide more flexibility to the Libra blockchain. By building programmability into the blockchain, it can take advantage of new functionality or new techniques, without an entire network upgrade.

<div class="cArrow"> </div><div class="cContentInner">Facebook has built a dedicated computer programming language called "Move" to provide more flexibility to the Libra blockchain. By building programmability into the blockchain, it can take advantage of new functionality or new techniques, without an entire network upgrade.</div>

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Facebook Unveils Libra Cryptocurrency, Targeting 1.7 Billion Unbanked - 0 views

www.coindesk.com/ry-to-support-new-libra-crypto

Facebook AltCoins Stablecoins Fintech CryptoAssets

shared by John Kiff on 18 Jun 19 - No Cached

John Kiff on 18 Jun 19

Among the payments giants, a number of NGOs are involved in the Libra Association, including Creative Destruction Lab, Kiva, Mercy Corps and Women's World Banking. To become a "Social Impact Partner," participating non-profits must have a five-year track record of poverty alleviation work, including digital financial inclusion initiatives in the field, and an operating budget of greater than $50 million.

<div class="cArrow"> </div><div class="cContentInner">Among the payments giants, a number of NGOs are involved in the Libra Association, including Creative Destruction Lab, Kiva, Mercy Corps and Women's World Banking. To become a "Social Impact Partner," participating non-profits must have a five-year track record of poverty alleviation work, including digital financial inclusion initiatives in the field, and an operating budget of greater than $50 million.</div>

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Behold Libra, the global cryptocurrency masterminded by Facebook - 0 views

qz.com/...-its-new-global-cryptocurrency

AltCoins Stablecoins Fintech CryptoAssets Facebook

shared by John Kiff on 18 Jun 19 - No Cached

John Kiff on 18 Jun 19

Third parties will be able to build their own apps, wallets, and marketplaces around Libra. If you want to, though, you can use Facebook's digital wallet, Calibra, a regulated subsidiary. In the US, Calibra is registered as a money service business, and will be overseen by the US Treasury.

<div class="cArrow"> </div><div class="cContentInner">Third parties will be able to build their own apps, wallets, and marketplaces around Libra. If you want to, though, you can use Facebook's digital wallet, Calibra, a regulated subsidiary. In the US, Calibra is registered as a money service business, and will be overseen by the US Treasury.</div>

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Zuckerberg: The man who would be monetary king - 0 views

ftalphaville.ft.com/...man-who-would-be-monetary-king

Stablecoins Facebook AltCoins Fintech CryptoAssets

shared by John Kiff on 18 Jun 19 - No Cached

John Kiff on 18 Jun 19

Libra is nothing more than a brazen attempt to override national monetary sovereignty by creating a global-scale Fed equivalent - within which Facebook's dominance is veiled by the cunning use of buzzwords like blockchain, DLT, decentralisation and cryptocurrency.

<div class="cArrow"> </div><div class="cContentInner">Libra is nothing more than a brazen attempt to override national monetary sovereignty by creating a global-scale Fed equivalent - within which Facebook's dominance is veiled by the cunning use of buzzwords like blockchain, DLT, decentralisation and cryptocurrency.</div>

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Facebook confirms it will launch a cryptocurrency called Libra in 2020 - 0 views

www.theverge.com/...rrency-calibra-wallet-announce

Facebook AltCoins Fintech Stablecoins CryptoAssets

shared by John Kiff on 18 Jun 19 - No Cached

John Kiff on 18 Jun 19

Because Facebook owns Calibra and also has a seat on the Libra Association, it will be the only entity on the currently 29-member board that will effectively have two votes. But the governing structure of the Libra Association is still evolving.

<div class="cArrow"> </div><div class="cContentInner">Because Facebook owns Calibra and also has a seat on the Libra Association, it will be the only entity on the currently 29-member board that will effectively have two votes. But the governing structure of the Libra Association is still evolving.</div>

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Facebook's Calibra is a secret weapon for monetizing its new cryptocurrency - 0 views

www.theverge.com/...in-weil-david-marcus-interview

AltCoins CryptoAssets Fintech Stablecoins Facebook

shared by John Kiff on 18 Jun 19 - No Cached

John Kiff on 18 Jun 19

Calibra is how Facebook intends to make money off Libra. More generally, it's a massive play for Facebook to get into financial services in a way that no other technology company may be able to compete with.

<div class="cArrow"> </div><div class="cContentInner">Calibra is how Facebook intends to make money off Libra. More generally, it's a massive play for Facebook to get into financial services in a way that no other technology company may be able to compete with.</div>

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Alphaville's Libra cheat sheet - 0 views

ftalphaville.ft.com/...Alphaville-s-Libra-cheat-sheet

Stablecoins CryptoAssets AltCoins Fintech Facebook

shared by John Kiff on 18 Jun 19 - No Cached

John Kiff on 18 Jun 19

After months and months of speculation, Facebook has finally revealed the details of its would-be cryptocurrency challenger.

<div class="cArrow"> </div><div class="cContentInner">After months and months of speculation, Facebook has finally revealed the details of its would-be cryptocurrency challenger.</div>

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JPMorgan Says Importance of Bitcoin Futures Has Been Understated - 0 views

www.bloomberg.com/...n-futures-has-been-understated

Fintech CryptoAssets Bitcoin Futures Institutionalization Liquidity

shared by John Kiff on 17 Jun 19 -

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John Kiff on 17 Jun 19

The overstatement of trading volumes by cryptocurrency exchanges, and by implication the understatement of the importance of listed futures, suggests that market structure has likely changed considerably since the previous spike in Bitcoin prices in end-2017 with a greater influence from institutional investors.

<div class="cArrow"> </div><div class="cContentInner">The overstatement of trading volumes by cryptocurrency exchanges, and by implication the understatement of the importance of listed futures, suggests that market structure has likely changed considerably since the previous spike in Bitcoin prices in end-2017 with a greater influence from institutional investors.</div>

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Singapore and UK to Enhance Financial Sector Cyber Security Cooperation - 0 views

www.mas.gov.sg/...UK-to-Enhance-Cooperation.aspx

Fintech CyberRisk

shared by John Kiff on 17 Jun 19 - No Cached

John Kiff on 17 Jun 19

The MAS (the Monetary Authority of Singapore), BOE (Bank of England) and FCA (Financial Conduct Authority) have announced they will be working together to strengthen cyber security in their financial sectors.

<div class="cArrow"> </div><div class="cContentInner">The MAS (the Monetary Authority of Singapore), BOE (Bank of England) and FCA (Financial Conduct Authority) have announced they will be working together to strengthen cyber security in their financial sectors.</div>

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Detecting Facial Manipulations in Adobe Photoshop - 0 views

theblog.adobe.com/nipulations-in-adobe-photoshop

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shared by John Kiff on 17 Jun 19 -

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John Kiff on 17 Jun 19

Researchers from Adobe and UC Berkeley have created a tool that uses machine learning to automatically identify when photos of people's faces have been altered.

<div class="cArrow"> </div><div class="cContentInner">Researchers from Adobe and UC Berkeley have created a tool that uses machine learning to automatically identify when photos of people's faces have been altered.</div>

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Cryptocoin computer code fails to deliver on promoter claims - 0 views

columbialawreview.org/...coin-operated-capitalism

CryptoAssets ICOs

shared by John Kiff on 17 Jun 19 -

Cached

John Kiff on 17 Jun 19

This paper analyzes the white papers of the fifty top-grossing ICOs of 2017, how the software code controlling the projects' ICOs reflected their disclosures. Most promised forms of investor protection that the code did not deliver and 12 allowed modifications to the way the smart contract worked, but only four of them disclosed that ability.

<div class="cArrow"> </div><div class="cContentInner">This paper analyzes the white papers of the fifty top-grossing ICOs of 2017, how the software code controlling the projects' ICOs reflected their disclosures. Most promised forms of investor protection that the code did not deliver and 12 allowed modifications to the way the smart contract worked, but only four of them disclosed that ability.</div>

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Introduction to Central Bank Digital Currencies (2/2) - 0 views

hackernoon.com/al-currencies-2-2-31228c20835b

Fintech CryptoAssets AltCoins CBDC

shared by John Kiff on 17 Jun 19 -

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John Kiff on 17 Jun 19

This article details how CBDC can be implemented, comparing three possible DLT-based options (Corda, Hyperledger Fabric, and Quorum) on privacy, scalability/performance, resiliency and finality.

<div class="cArrow"> </div><div class="cContentInner">This article details how CBDC can be implemented, comparing three possible DLT-based options (Corda, Hyperledger Fabric, and Quorum) on privacy, scalability/performance, resiliency and finality.</div>

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Cryptocurrenices and Sharia Law: Halal or Haram? - 0 views

hackernoon.com/aw-halal-or-haram-ec8d46211580

Fintech IslamicFinance CryptoAssets Stellar

shared by John Kiff on 16 Jun 19 - No Cached

John Kiff on 16 Jun 19

According to this article there are three main cryptos that comply with Sharia law; Stellar's Lumen (XLM), OneGramCoin (OCG) and X8Currency (X8C).

<div class="cArrow"> </div><div class="cContentInner">According to this article there are three main cryptos that comply with Sharia law; Stellar's Lumen (XLM), OneGramCoin (OCG) and X8Currency (X8C).</div>

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Fintech Daily Digest

Facebook's GlobalCoin Is No Threat to Bitcoin, But Banks Should Worry - 0 views

Facebook debuts Libra cryptocurrency: a Bitcoin killer? - 0 views

Better Than Bitcoin? Facebook Unveils Libra Cryptocurrency - 0 views

Facebook's Libra coin is a symptom of banks' flaws - 0 views

What exactly is Facebook's Libra Reserve? - 0 views

Facebook's Libra: blockchain, but without the blocks or chain - 0 views

There's a Second Token: A Breakdown of Facebook's Crypto Economy - 0 views

Facebook's Libra Cryptocurrency: A Technical Deep Dive - 0 views

Facebook Unveils Libra Cryptocurrency, Targeting 1.7 Billion Unbanked - 0 views

Behold Libra, the global cryptocurrency masterminded by Facebook - 0 views

Zuckerberg: The man who would be monetary king - 0 views

Facebook confirms it will launch a cryptocurrency called Libra in 2020 - 0 views

Facebook's Calibra is a secret weapon for monetizing its new cryptocurrency - 0 views

Alphaville's Libra cheat sheet - 0 views

JPMorgan Says Importance of Bitcoin Futures Has Been Understated - 0 views

Singapore and UK to Enhance Financial Sector Cyber Security Cooperation - 0 views

Detecting Facial Manipulations in Adobe Photoshop - 0 views

Cryptocoin computer code fails to deliver on promoter claims - 0 views

Introduction to Central Bank Digital Currencies (2/2) - 0 views

Cryptocurrenices and Sharia Law: Halal or Haram? - 0 views

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