What to watch Zoom Video Communications: Investors in video communications company Zoom have been handsomely rewarded this year, with its year-to-date share price gain close to the 600% mark, as mass working from home has led to huge demand for virtual meeting tools. The company delivers its latest set of quarterly earnings on Monday, where…
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What to watch Black Friday: Today marks the official start of the Black Friday sales event (although many outlets started cutting prices weeks ago). With many retailers around the world (particularly in the UK) locked down because of Covid, all the signs point firmly at the online retail giants to clean up once again. Last…
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What to watch Informa: Business intelligence and events business Informa is down more than 50% year-to-date, as the pandemic has decimated its ability to generate revenue from conferences and other exhibitions. The London-listed firm delivers its latest set of quarterly earnings on Monday. This week, JPMorgan Cazenove downgraded its rating on the stock to neutral,…
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Stuart Levey said: I am honored to join the Libra Association as it charts a bold path forward to harness the power of technology to transform the global payments landscape. Technology provides us with the opportunity to make it easier for individuals and businesses to send and receive money, and to empower more than a…
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Initially, the Libra network will operate with four stablecoins, based upon the U.S. Dollar, the English Pound, the Euro, and the Singapore Dollar. The composite Libra Coin will be pegged to these four currencies by a formula endorsed by the IMF to conform to its structure of drawing rights. This major change will greatly enhance…
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Digital currencies and distributed ledger technologies (DLT) have been faced with continuous change and fluctuation in their legislative environment in recent years, Forbes reports. Electronic money was not always as popular as it is today upheld only technologists and Libertarian in the beginning. This changed as cryptocurrencies and blockchain technology spiked interest and powered up…
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Although Facebook is going forward with their cryptocurrency project Libra (although it was delayed several times), some of the project's key members have continued to leave. After Mastercard and PayPal withdrew as members of the Libra Association, Vodafone is the latest member to leave Facebook's cryptocurrency project. The news comes directly from The Libra Association…
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Libra is going full force with new roadmap for its 2020 launch. While regulatory concerns may have delayed the plans of Facebook to launch its cryptocurrency project, the company has designed a new plan for the upcoming start of Libra. The information about the second roadmap comes from a blog post from Libra's developers. They…
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The cryptocurrency project of Facebook, Libra, has come a long way. The most important update is that the tech giant will not be launching the project until all regulatory "clearance" is over. With that, the project is currently delayed for at least 2020. However, as regulatory concerns grew stronger, some of the founding members of the…
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The story of Facebook's Libra and Mark Zuckerberg's "relationship" with the US Congress has reached new levels. The much awaited cryptocurrency called Libra might not be launched after all in 2019, as Facebook cannot get the approval of regulatory bodies yet. The European Union also expressed great concerns over the launch of such a global…
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