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Finance News
Libra Backers Bail: Will It Still Succeed?
On the back of last week’s news that PayPal decidedly pulled out of the alliance backing Libra, Facebook’s new cryptocurrency project, Mastercard, Visa, eBay, Stripe and Mercado Pago have also announced their withdrawal from Libra.
Financial Sector Urged to Act Now to Legally Share Personal Data After Brexit
Digital Secretary Nicky Morgan is urging businesses to get ready for Brexit and act now to continue receiving personal data legally from the EU or European Economic Area (EEA).
Aftershocks from an EU Retaliation Could Send US into Recession
The US trade in goods and services figures for August show that the US goods and services deficit increased slightly to $54.9 billion in August, from $54 billion in July, and the trade deficit with China fell to $28.9 billion, from $29.6…
PayPal Abandons Launch of Facebook’s Cryptocurrency Libra
Following the announcement that Facebook would be launching its own digital currency, the Libra, PayPal has decided it will be pulling out of the alliance that originally agreed to back the launch.
Investors Nervous as Bitcoin Value Takes a $2000 Dip
The value of Bitcoin dropped below the $8000-mark this weekend, losing around 15% of its value in a few hours.
