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American company Facebook, which owns the eponymous largest social network in the world, is discussing plans to create its own digital currency with the Commodity Futures Trading Commission. Preliminary negotiations that are underway should clarify whether Facebook’s plans fall under the jurisdiction of the CFTC. The digital payment system of Facebook will enable its users to make purchases on its platform and send money to each other. They will be able to carry out these operations in Instagram and WhatsApp applications. The digital asset of Facebook will be called GlobalCoin. The American company seeks to get recommendations on the creation of its own digital currency and digital payment system. To this end, it turns to regulators and central banks. It had previously discussed this issue with Mark Carney, Governor of the Bank of England.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...
Asian shares declined on Monday as oil and copper ran weakly. This followed after an upsurge in global coronavirus cases overshadowed markets, while investors waited for the European zone and the United States to implement fiscal stimulus ...
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