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David Marcus: Existing payment systems are very limited

David-Marcus-Existing-payment-systems-are-very-limited David Marcus | The head of the blockchain division of Facebook

The head of the blockchain division of Facebook, David Markus, in his blog spoke about the shortcomings of traditional payment systems and why you need to switch to systems based on the blockchain.

"As I've been traveling around the world meeting with key stakeholders, it became clear to me that the advantages of digital currency transmitted over a blockchain — notably when it comes to broadening access and lowering costs of financial services — weren't as evident to others as I assumed they were," Marcus began his story.

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Mark Zuckerberg: we will launch Libra only after all issues have been resolved with the regulators

Mark-Zuckerberg-launch-Libra-after-all-issues-resolved Mark Zuckerberg | CEO of Facebook

Mark Zuckerberg, CEO of the largest social networking site Facebook, said the company is ready to resolve all issues with Libra's regulators.

At a conference on the results of the second quarter of 2019, Zuckerberg stressed that several years ago Facebook would launch a new product without asking permission from regulators. But now the company's policy has changed.

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Mark Zuckerberg commented on the situation around the Libra project

Mark-Zuckerberg-commented-Libra Mark Zuckerberg | Facebook founder and CEO

Facebook founder and CEO Mark Zuckerberg tried to dispel some public doubts that have arisen about Libra's cryptocurrency project being developed by the company.

"No company is able to create a sought-after financial system. Therefore, we only laid the foundation and hope that by the time the Libra project is launched, our association will bring together 100 co-founders, among which we will have only one vote," said Mark Zuckerberg.

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Deutsche Bank: aggressive policies of central banks led to the growth of Bitcoin

Deutsche-Bank-central-banks-led-to-the-growth-of-Bitcoin Jim Reid | Top manager at Deutsche Bank

Jim Reid, a top manager at Deutsche Bank, the largest bank in Germany, said that the US Central Bank reduced the refinancing rate one of the reasons for the rise in Bitcoin.

"If central banks are gonna be this aggressive, then alternative currencies do start to become a bit more attractive," said Deutsche Bank's global fundamental credit strategy head in an interview with CNBC.

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The US Senate will hold a hearing on the Libra cryptocurrency in July

Senate-hearing-on-the-Libra-cryptocurrency The US Senate will hold a hearing on the Libra cryptocurrency in July

The US Senate Committee on Banking, Housing and Urban Affairs on July 16 will hold a hearing on the new Libra cryptocurrency being developed by Facebook.

A hearing entitled "Examining Facebook's Proposed Digital Currency and Data Privacy Considerations" was scheduled after calls from members of Congress to study the Libra project and its potential risks more carefully. There were even calls to stop the work on the project before the hearing.

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David Chaum: “the future is in anonymous messaging and cryptocurrency payments”

David-Chaum--future-is-in-anonymous-messaging-and-cryptopayments David Chaum | The digital currency pioneer

David Chaum said that the most stunning application for the industry would be a privacy-oriented message-sending system, integrated with payments.

The digital currency pioneer said this in an interview with Bloomberg Odd Lots podcast. David Chaum is the creator of the predecessor of Bitcoin, e-currency Ecash, and one of the founders of the cyberpunk movement. Chaum told Bloomberg that raising awareness of privacy and digital sovereignty in the modern era paved the way for blockchain and cryptocurrency, which can make a breakthrough and go into mass use. 

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Facebook will release its own cryptocurrency GlobalCoin in 2020

Facebook-will-release-GlobalCoin-in-2020 Facebook will release its own cryptocurrency GlobalCoin in 2020

The world's largest social network Facebook plans to release its own cryptocurrency called GlobalCoin next year.

According to the BBC, Facebook will launch a system of cryptocurrency payments in the "dozen countries" by the first quarter of 2020. The company intends to begin testing the system by the end of this year. More information about Facebook plans will appear in the coming months.

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WSJ: Facebook plans to create a full-featured payment system based on stablecoin

Facebook--payment-system-based-on-stablecoin WSJ: Facebook plans to create a full-featured payment system based on stablecoin

Stablecoin, which is allegedly developing the social network Facebook, will serve as the foundation for the creation of a new payment system.

Project Libra - the internal name of the new blockchain-initiative Facebook - will use a stable cryptoasset, secured by fiat currency. Various sources report that the company is already working on attracting financial companies that will support the project.

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Media: Facebook is preparing to launch its own cryptocurrency

Facebook-is-preparing-to-launch-its-own-cryptocurrency Media: Facebook is preparing to launch its own cryptocurrency

The New York Times, citing anonymous sources on Facebook, reports that the largest social network has already prepared the launch of its own cryptocurrency and is already in talks with the exchanges on listing.

It is reported that we are talking about stablecoin under the brand of messenger WhatsApp. The new coin will be pegged to the US dollar and used for domestic and international transfers between friends and family members via instant messenger. In the future, Facebook users and Instagram users, whose audience counts in billions of users, will also be able to use the stablecoins.

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Twitter joins the ban of cryptocurrency ads

ICO-LINK-NEWS-Twitter-joins-the-ban-of-cryptocurrency-ads

Following the IT giants Google and Facebook, who decided to impose a prohibitive advertising policy on cryptocurrency and ICO, the social network Twitter intends to prohibit the placement of advertisements of this kind. Against the background of the impending regulatory intervention in this sector, Twitter will prohibit advertising of cryptocurrencies, ICO, and crypto-exchanges, but with some exceptions. As the British news channel Sky News reports, referring to the sources on Twitter, the corresponding decision will come into effect within two weeks and will operate in all countries of the company's presence.

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In the Facebook messenger found a bot for mining

ICO-LINK-NEWS-In-the-Facebook-messenger-found-a-bot-for-mining

Cyber security specialists have discovered a new type of virus, which is distributed through the Facebook Messenger application. The malicious bot uses a lot of infected computers for cryptocurrency mining at the expense of the affected users. New malicious software distributed through Facebook Messenger, called Digmine. Like many similar exploits, the bot uses infected systems to run one of Monero's most beloved hackers.

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