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Congress Holds a Skeptical Eye Against Facebook’s Libra, Scrutiny Continues
25.8.2019
Maxine Waters, the chairperson, U.S. House Financial Services stated in an interview that the committee is to continue the probe into Facebook’s Next-Gen cryptocurrency initiative, Libra. Waters’ announce it right after the Republican Patrick McHenry, released a statement to Waters pleading...
Facebook is not Behind Virtual Bootcamp for Libra Cryptocurrency Developers
21.8.2019
Contrary to popular belief, Facebook is not behind the Virtual Bootcamp that is slated to begin in November, held for the Libra developers. This first incubator is being organized by Libracamp, a newly formed start-up by Israeli entrepreneurs. The start-up’s team of entrepreneurs is keen to make...
Facebook Engages Former Aide of US Senate Banking Committee to Campaign for Its Cryptocurrency Libra Project
7.8.2019
Facebook has engaged Former Aide of the U.S. Senate Banking Committee to campaign for its new Libra cryptocurrency venture. The U.S. Senate’s ongoing hearings on cryptocurrency had a few representatives state that they are supportive of the U.S. driving in crypto and blockchain, while others...
Libra Might Never be Launched, Says Facebook
30.7.2019
The company is now thinking on how wise it is to suck up all the international regulatory challenges for a crypto that is based on a new technology which is not yet tested by time and the vast 2+ billion user base of the company. In the filing submitted to the U.S. SEC, Facebook expressed...
Will BTC Reach its All-Time High? Novogratz Bets so!
27.7.2019
What has made the CEO of Galaxy Digital so confident about the TC reaching its all-time high? Well, recently he said that due to the institutional interest, the world’s largest crypto- BTC rates would be propelled to its all-time high. He even sees this prediction coming true right within this...
Ripple CEO Expresses His Surprise at Bank of America’s Patent Application Referencing Ripple’s Technology
25.7.2019
According to the latest reports, the CEO of Ripple, Brad Garlinghouse, has expressed his surprise at reports suggesting that a patent application has been filed by the Bank of America which references Ripple’s DLT more than one time. In his interview with Bloomberg, the CEO has stated that he...
JP Morgan’s CEO Comments About the Effect of Facebook’s Crypto Libra
19.7.2019
Facebook’s cryptocurrency Libra is driving in diversified opinions from all over the world. While some are eagerly awaiting it, multiple authorities have raised critical questions on the ambitious crypto project by the social networking giant. The latest remarks on Libra has been made by Jamie...
Facebook Could Be Fined Heavily For Libra, According To Proposal From Democrats
15.7.2019
Troubles for Facebook’s Project Libra does seem to end anytime soon, as the new proposal by the Democrats might invite heavy penalties if it continues to pursue it. The new proposal demands a fine of $1 million per day for violation of rules proposed if they are implemented. The new proposal...
Facebook vs Google: Who Will Dominate The World Of Crypto-blockchain?
3.7.2019
Facebook created a huge stir in the global monetary system after it unveiled its cryptocurrency Libra on June 18. From Washington to London, Russia to Japan, every nation in this world took a moment to see what the social media giant is doing, and several government regulators opposed the move....
Reserve Bank Of Australia Chief Skeptical Over Facebook’s Libra, Says Very Difficult To Take Off Down Under
23.6.2019
Libra’s tussle with regulatory authorities worldwide doesn’t seem to stop. This time the Chief of the Reserve Bank of Australia has openly criticized the token stating that it cannot overtake the country’s traditional digital banking. RBA Chief Philip Lowe stated that he is quite skeptical...
Facebook Unveils Its Much Awaited Cryptocurrency, Libra, Public Launch Expected In Early 2020
18.6.2019
After months of speculations and rumors, Facebook has finally unveiled its cryptocurrency Libra and its blockchain network Libra Foundation. Libra is a stablecoin backed by like bank deposits and government securities. The digital asset will be publicly launched in the first half of 2020....
Mastercard, Visa And Mercado Libre To Join Libra Association Of Facebook That Will Be Unveiled Soon
17.6.2019
The great name in the world of Social media, Facebook is nearing its launch of “Libra Association.” The most talked about cryptocurrency project that took beyond a year to get ready. As per the reports it is going to be unveiled on the 18th of June. In the same event, they will also launch Testnet...
Facebook To Launch Its Cryptocurrency This Month, Expected To Shift Control To Outside Backers
6.6.2019
Behemoth social networking platform Facebook will be reportedly launching its digital currency later this month. The company will give employees working on the project to take the digital coin as their salary. The token will work as a borderless currency and will be heavily promoted in developing...
Facebook’s Secret Project Libra: Is It Going To Launch Stablecoin-Based Payments Network?
15.5.2019
According to a report published by the Wall Street Journal, Facebook’s much-awaited Stablecoin will focus on brand new payments network. The blockchain initiative called Project Libra will internally implicate a Stablecoin which will be backed by government currency. The report can be read...
Facebook’s Stablecoin Gets A Mixed Response At The Testing Stage From India
13.5.2019
It has been almost a year that we have been listening about the Stablecoin of Facebook. The latest predictions say that the Stablecoin will get launched in Q3 of this year. Since last year, there has been some hiring going on for the blockchain team of the company. The team includes who’s who...