Page 107 - Cryptocurrency
Facebook Libra to be blocked in Europe by Paris, Rome, Berlin: France
"Libra is not welcome on European soil," French Economy Minister Bruno Le Maire told reporters the sidelines of the annual meetings of the World Bank and International Monetary Fund
 "Facebook Libra to be blocked in Europe by Paris, Rome, Berlin: France")
Facebook posts $6 bn profit, active user base increases to $2.45 bn
The leading online social network said its profit topped $6 billion on revenue that climbed 28 per cent to $17.4 billion in the quarter that ended on September 30
 "Facebook posts $6 bn profit, active user base increases to $2.45 bn")
Thumbs down to Facebook's cryptocurrency
Technology has enabled us to complete transactions efficiently with good protection. The last thing we need is a new vehicle for nurturing illicit activities
 "Thumbs down to Facebook's cryptocurrency")
From self-drive cars to IoT, these next-wave techs will rule 2020s decade
In the last 50 years owing to advances in science and technology-enabled healthcare humans are living longer.
 "From self-drive cars to IoT, these next-wave techs will rule 2020s decade")
Rupee trims early gains, settles 8 paise higher at 70.06 against dollar
The rupee opened on a strong note and soared 35 paise to 69.79 a dollar against the previous close of 70.14
 "Rupee trims early gains, settles 8 paise higher at 70.06 against dollar")
Rupee tumbles 60 paise to 72 against US dollar in early trade
The domestic unit on Friday appreciated by 38 paise to close at a two-week high of 71.42 on Friday led by a rally in domestic equities and renewed hopes of the US-China trade talks.
 "Rupee tumbles 60 paise to 72 against US dollar in early trade")
Beware online frauds
There isn't a great deal you can do but there are a few precautions you can take as a citizen
 "Beware online frauds")
Bitcoin surges 15% to $8,574 in bounce back from lowest in five months
Cryptocurrencies may also get a boost after China's state-owned news agency Xinhua reported the country plans to speed up development of blockchain technology and industry
 "Bitcoin surges 15% to $8,574 in bounce back from lowest in five months")
Tata Steel, six other firms join hands with WEF for responsible sourcing
Other founding members of the initiative are Antofagasta Minerals, Eurasian Resources Group Sarl, Glencore, Klockner & Co, Minsur SA and Anglo American/De Beers
Fix Facebook before moving ahead on Libra, US lawmakers tell Zuckerberg
Despite some top-notch firms pulling out, Facebook and 20 partner organisations have formally launched the digital currency Libra project
 "Fix Facebook before moving ahead on Libra, US lawmakers tell Zuckerberg")
Best of BS Opinion: The importance of exports, the power of youth activists
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: The importance of exports, the power of youth activists")
Libra currency-pegged 'stablecoin', not controlled by one company: Facebook
Central banks and government finance officials have long worried about the challenges posed by digital currencies, and the risk they can be used for money laundering and financing terrorism
 "Libra currency-pegged 'stablecoin', not controlled by one company: Facebook")
Many countries against rushing into crypto currencies: Nirmala Sitharaman
Reserve Bank of India Governor Shantikanta Das spoke about crypto currencies during one of the interventions this week
Sound legal basis a must for digital monies like Facebook's Libra: G7
Facebook's Libra has generated intense scrutiny from officials worldwide who worry about the impact it could have on the financial system