• Europe's fiat money (via Pixabay).
    Europe

    EU banks must speed up blockchain investment, warn Lagarde, Bain

    The consulting giant and likely European Central Bank president say blockchain FinTech is coming fast

    European banks must speed up their investments in blockchain technology in order to recapture their own capital markets from American financial institutions, global consulting firm Bain & Company warned in a report released on September 3. A day later, International Monetary Fund (IMF) chief Christine Lagarde told the European Parliament’s Economic and Monetary Affairs Committee that with bank profits low and FinTech firms gobbling up investments, EU central banks must welcome new technologies—including digital currencies—in order to remain competitive.

  • Rep. Alexandria Ocasio-Cortez (D-NY) questioning Facebook's David Marcus on Libra before the House Financial Services Committee, July 17, 2019 (via C-SPAN).
    Libra,  United States

    News analysis: Less-hostile House politicizes Facebook Libra debate

    Facing questions about speed and power, David Marcus refused to make promises about the cryptocurrency

    Facebook’s David Marcus got a warmer reception from the House yesterday than he did in the Senate on Tuesday. Not that it was friendly, but the questions focused more on the power Facebook would gain from its Libra cryptocurrency, and getting Marcus to commit to working at the pace of Washington, D.C., not Silicon Valley.

  • Christine Lagarde, when she was head of the IMF and before she became the ECB chief (via IMF.org)
    Europe,  Libra

    Christine Lagarde’s nomination to head the ECB is good news for Facebook’s Libra, says eToro’s Mati Greenspan

    The European Central Bank’s incoming leader will bring a positive outlook on digital assets

    Facebook’s new Libra stablecoin got a break in Europe last week with the announcement that Christine Lagarde has been nominated to be the new head of the European Central Bank, says eToro’s senior market analyst, Mati Greenspan.

  • DJ D-Sol, who also goes by the name of David Solomon, moonlights as CEO of Goldman Sachs (via instagram.com/djsolmusic).
    Cryptocurrencies,  Libra,  Technology

    Goldman Sachs CEO David Solomon says bank payments will be tokenized on a blockchain

    All major banks are looking at the potential of stablecoins

    The world’s banking payment system is going to be tokenized on a blockchain, according to the head of Goldman Sachs. In a discussion of Facebook’s new Libra cryptocurrency with the French news site Les Echo on June 28, Goldman Sachs CEO David Solomon said he finds the “principle interesting” and the fifth-largest American bank, does “extensive research on the concept of tokenization.”