Latest Blockchain & Cryptocurrency News | CryptoNewsZ | October 21, 2019


It’s October 21, 2019, Monday and this is CryptNewsZ. I’m Arveen and our team at CryptoNewsZ brings to you the latest headlines from the world of blockchain and crypto. In a new development, Facebook is now open to the idea of national currency pegged stablecoin for its Libra project. On October 20, David Marcus, the head of the Libra project for Facebook and CEO of Facebook’s wallet services Calibra said that Libra could use various fiat-based stablecoins instead of the initially proposed token. Reportedly. He also stated that the main goal of the project was to create a more efficient payment system and was not opposed to looking at alternative approaches. The original proposed backing for the Libra project included various National currencies that include the US dollar, the British pound, Euro, Japanese Yen & Singapore Dollar. Our second major headline for the day is also related to Facebook. JP Morgan CEO Jamie Dimon took a dig at Mark Zuckerberg’s ambitious Libra project stating that projects like Libra were neat that will never happen Dimon, the CEO of one of the world’s biggest banks further added that we already have a lot of stable coins and Facebook is not the first one to do that. After losing backing from industry giants such as PayPal, Visa, Mastercard and eBay and also coming under the antitrust probe of the European Union and also facing a lot of trouble with the US lawmakers the recent comments from JP Morgan CEO to not spell good news for Facebook. Crypto-exchange BitFinex’s parent company iFinex Inc has now filed for an application in an attempt to regain access to 880 million dollars from Crypto Capital and other entities. As a part of the discovery application, BitFinex requests information on alleged ownership and account usage by Crypto Capital at the number of U.S. Banks including HSBC, Citibank, Bank of America, Sun Trust, TD Bank US Bank, Wells Fargo and many more. This information is meant to establish a link between BitFinex and the funds being held in Poland, Portugal and the United Kingdom. Those are the top three headlines. That’s it from team CryptoNewsZ today. Have a good day. Please like this video And subscribe to our channel. For more informative content, please visit www.cryptonewsz.com also, don’t forget to visit our Facebook page and follow our Twitter handle.

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