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Facebook’s cryptocurrency has official launching day

Facebook plans to launch their cryptocurrency Facebook Libra, but there is no specified strategy. The main problem for Facebook is regulation of the digital currency by U.S. government. At this stage, there is no strategy set in stone for the markets or the product, or how it will actually get rolled out in June. After... Facebook’s cryptocurrency has official launching day
Facebook plans to launch their cryptocurrency Facebook Libra, but there is no specified strategy. The main problem for Facebook is regulation of the digital currency by U.S. government. At this stage, there is no strategy set in stone for the markets or the product, or how it will actually get rolled out in June. After first Facebook analyses they can reach almost 2,4 billion users in the world. Libra won’t have impact on the global financial landscape.

Facebook says that it is too early to reveal their strategy, but on the other side there is still problem with regulator which hasn’t allowed libra what can be real reason for strategy problem.

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Weekly review: Gold, USD, EURUSD and Dow Jones

Weekly review: Gold, USD, EURUSD and Dow Jones

Global stock markets have ended another brutal week as the banking crisis stoked fears of broader weakness in the global economy. Attention this week will be on planned central banks meetings. Major central banks, such as the US Federal Reserve, Bank of England and Swiss National Bank, are to hold monetary policy meetings this week.

HSBC acquires collapsed SVB’s UK wing

HSBC acquires collapsed SVB’s UK wing

The collapse of the "Silicon Valley Bank" led to widespread panic in the global markets. The bank also financed many firms in the UK, to protect these companies UK Banking giant HSBC has acquired the British arm of SVB with the support of the Bank of England.

Weekly review: Gold, USD, EURUSD and Dow Jones

Weekly review: Gold, USD, EURUSD and Dow Jones

Global stocks markets ended on a strong bearish note on Friday after financial regulators shut down one of the leading lenders in the United States, the Silicon Valley Bank (SVB). This week all eyes will be on the US inflation data, which could reinforce expectations of a bigger rate hike later this month.