Sunday, 23 January 2022

Tag Archives: Digital Currency

Marcus says Libra won’t be controlled by a single company

WASHINGTON: Facebook executive David Marcus tried to calm the fears of officials threatening to block its proposed digital currency, saying Libra won’t be controlled by a single company. The head of Facebook’s Libra currency project sought to address the main issue raised by France’s Economy Minister Bruno Le Maire: the ...

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State Bank of Pakistan Eyes Digital Currency Launch by 2025

KARACHI: The State Bank of Pakistan (SBP), the country’s central bank, is considering the launch of a digital currency by 2025. According to a report from news source Dawn on Tuesday, SBP deputy governor Jameel Ahmad said that the central bank is currently working on the digital currency concept in order ...

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Facebook secretly developing cryptocurrency for WhatsApp users

CALIFORNIA: Tech giant Facebook is secretly working on developing a cryptocurrency that will let users transfer money on WhatsApp. Initially it will be launched in India, people familiar with the matter say. Bloomberg reported that the company is developing a stablecoin – a type of digital currency pegged to the ...

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Bitcoin ends winning July on a sour note

REUTERS: Bitcoin fell 5 percent on Tuesday, briefly hitting a one-week low below $7,700, and marking a poor finish to a strong July when the digital currency increased more than 20 percent. Tuesday’s decline stemmed partly from disappointment over the U.S. Securities and Exchange Commission last week reaffirming an earlier ...

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Mastercard has a patent that could allow bitcoin transactions

NEW YORK: Consumers might one day be able to charge their purchases on their credit cards using bitcoin as a currency. On Tuesday, Mastercard won a patent to protect a method that would manage “fractional reserves of blockchain currency.” At present, Mastercard holders can only pay for things using currency ...

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Iran Develops Its Own Cryptocurrency

TEHRAN: Iranian Minister of Communications and Information Technology Mohammad Javad Azari Jahromi says the Iranian cryptocurrency is being developed under a joint project involving the ministry’s ICT Research Institute, Central Bank of Iran’s Monetary and Banking Research Institute and the state-run Post Bank. “Last week, in a joint meeting aimed ...

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