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Crypto Investing In The 2020s
Wednesday, October 16, 2019 - 11:35am | 1974As we cross the threshold into the next decade, what truly is in store for crypto investors? Will Bitcoin be many times more valuable by the end of the decade? Or will it be mostly dead? Will it be replaced by cryptocurrencies with more advanced technology? If so, will those cryptocurrencies have...
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Germany Joins France In Pushing Back Against Facebook's Libra
Wednesday, September 18, 2019 - 4:01pm | 691France and Germany have both agreed to block Facebook’s Libra cryptocurrency. German parliamentarian Thomas Heilmann said the German government will block projects like Libra, which aligns with France's stance. In a joint statement, the two governments affirmed that “no private...
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France 'Cannot Authorize' Facebook's Libra Project
Thursday, September 12, 2019 - 10:13am | 252French Finance Minister Bruno Le Maire said Thursday that Facebook, Inc. (NASDAQ: FB)'s proposed cryptocurrency Libra would put the sovereignty of governments at risk. "In these conditions, we cannot authorize the development of Libra on European soil,” Reuters quoted Le Maire...
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Apple Acknowledges Cryptocurrency Interest, But Don't Expect Anything Soon
Thursday, September 5, 2019 - 9:04am | 407Apple Inc. (NASDAQ: AAPL) has an interest in cryptocurrencies, but the iPhone maker is merely "watching" the space for the time being, CNBC reported Thursday. What Happened Jennifer Bailey, vice president at Apple Pay, said at a private CNN event that cryptocurrencies have...
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Stock Wars: Facebook Vs. Twitter Vs. Snapchat
Wednesday, August 28, 2019 - 12:57pm | 1632Social media stocks are back in favor: they've held up fairly well despite the broader market downturn seen since the start of August. Especially for Facebook, Inc. (NASDAQ: FB) and Snap Inc (NYSE: SNAP), it has been a redemption of sorts. Source: Y Charts The following is an...
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What We Know About Mastercard's Reported New Interest In Cryptocurrencies
Monday, August 19, 2019 - 1:56pm | 436Credit card network Mastercard Inc (NYSE: MA) is looking to make a push into the digital currency space and is actively recruiting people for a new cryptocurrency team, the New York Post reported. What Happened Mastercard placed job ads for workers who will be tasked with monitoring...
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Overstock Updates tZero, Blockchain Initiatives
Friday, August 9, 2019 - 7:00am | 267In its second-quarter earnings announcement, Overstock.com Inc (NASDAQ: OSTK) noted positive trends with its retail and blockchain subsidiaries Medici Ventures and tZero. Among the announcements, Medici Ventures is in talks with Facebook (NASDAQ: FB) over Libra and tZero is targeting its launch of...
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Cramer To Facebook: Forget About Libra, Acquire Square
Thursday, July 18, 2019 - 10:29am | 419Social media giant Facebook, Inc. (NASDAQ: FB)'s ambitions to enter the digital currency space would be better served through an acquisition of Square Inc (NYSE: SQ), according to CNBC's Jim Cramer. What Happened Cramer's opinion on Facebook's Libra has changed from saying its...
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Wednesday's Market Minute: The Utility Of Bitcoin
Wednesday, July 17, 2019 - 8:44am | 296A lot of explanations have been given for Bitcoin's big move this year: Wall Street institutional interest, progress in market structure, gold-like accumulation as a hedge against central bank extravagance, Chinese wealth transfer, excitement around Facebook.com, Inc.'s (NASDAQ: FB) ...
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'Not A Lot Of Love' For Libra As Facebook Pitches Digital Currency In Washington
Tuesday, July 16, 2019 - 12:15pm | 483Treasury Secretary Steven Mnuchin publicly commented Monday on Facebook, Inc. (NASDAQ: FB)'s digital currency Libra and said it is "indeed a national security issue." On Tuesday, Facebook's David Marcus testified before the Senate Banking Committee. No Love From Washington...
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Mnuchin: Treasury Concerned About Facebook's Libra Plans
Monday, July 15, 2019 - 1:57pm | 323Treasury Secretary Steven Mnuchin on Monday expressed concerns about Facebook, Inc (NASDAQ: FB)’s proposed new digital currency Libra. Mnuchin said the potential exists for the planned digital currency to be misused, and that could present a national security issue. Facebook announced earlier...
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Cramer: Libra Digital Currency Is Transformational For Facebook
Wednesday, July 3, 2019 - 10:49am | 345Jim Cramer said Facebook, Inc. (NASDAQ: FB)’s planned launch of the digital currency Libra has reinvigorated the stock, speaking Tuesday on CNBC’s “Mad Money.” “Imagine if Facebook can get a piece of the payment space, it would be huge, and it will be,” he...
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As Facebook Prepares To Launch Libra, Regulators Are Watching
Wednesday, July 3, 2019 - 6:51am | 667Facebook, Inc. (NASDAQ: FB)'s bold move into the cryptocurrency space with the planned launch of Libra in 2020 is certain to draw the attention of regulatory authorities. 'High Standards Of Regulation' The Cambridge Analytica data scandal in 2018 involved the harvesting of personal data...
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Analyst: Facebook's Libra A 'Benefit' For Bitcoin, Not A Competitor
Monday, June 24, 2019 - 9:20am | 386Facebook, Inc. (NASDAQ: FB)'s upcoming digital currency Libra is a "benefit" for Bitcoin, not a direct competitor, Bart Smith, Susquehanna International Group's head of digital assets, told CNBC Monday. What Happened Unlike Bitcoin, Libra is a digital token backed by fiat currency...
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Cramer Says Facebook's Crypto Ambitions 'Brilliant,' Citi Analyst Talks 'Watershed Moment'
Tuesday, June 18, 2019 - 3:36pm | 490Social media giant Facebook, Inc. (NASDAQ: FB) confirmed plans Tuesday to launch a new digital currency, Libra, next year. Cramer: 'Brilliant' Facebook's digital currency ambitions are backed by 27 other businesses and nonprofit organizations. The company can...