Walmart follows Facebook down the crypto rabbit hole
Walmart has patented its own version of stablecoin, according to the U.S. Patent and Trademark Office (USPTO).
Walmart has patented its own version of stablecoin, according to the U.S. Patent and Trademark Office (USPTO).
The social media giant says it is willing to wait as long as it takes regulators to determine the viability of the project, but there is a much simpler alternative.
Only a matter of weeks since Facebook published its whitepaper, a number of fake accounts and communications around the stablecoin have sprung up.
Bangko Sentral ng Pilipinas plans to wait a further “three to five years” before it entertains the idea of launching its own cryptocurrency.
Bank of Japan, the country’s central bank, said Libra would be difficult to regulate, and ultimately posed risks to the global financial system.
If a stablecoin is backed by gold reserves, it should be solid enough to not suffer from extreme changes in the market like what other digital currencies witness.
SIX claims a central bank-backed stablecoin will allow transactions of the SDX platform to be conducted in cryptocurrency.
While governments around the world seem to be raising their opposition to Facebook’s Libra stablecoin, the project has still found a healthy amount of support.
U.S. wants Facebook to hold off on the project, requesting that the company’s executives attend a hearing in Washington, D.C., to clear the air.
Facebook Coin, then Global Coin and now Libra, the digital currency is expected to be launched this month and there has already been more than just a little discussion on its merits or value.
The Tether's moved of $5 million funds from its treasury to an unknown wallet, prompting questions about the company's activities.
Where there was once a significant amount of inflow and relatively little outflow, the two have flip-flopped in recent days, with more outflow than inflow being recorded.