Facebook’s New Cryptocurrency

China’s digital currency could threaten dollar’s dominance

Since bitcoin was launched in 2008, the first crypto asset with its own unit of account based on blockchain technology, more than 3,000 crypto assets with a diverse range of features have entered the digital currency. market. Yet regulatory authorities around the world have thus far largely indicated they are not threatened by crypto asset […]

Twitter and Facebook Want to Shift Power to Users. Or Do They?

A decentralized internet was hailed as a way to dethrone Twitter and Facebook. But to the tech giants, the idea could unload some of their burdens. Not so long ago, the technology behind Bitcoin was seen in Silicon Valley as the best hope for challenging the enormous, centralized power of companies like Twitter and Facebook. […]

Facebook re-brands in all caps, failing to defuse internet ire over monopoly status, fake news, and privacy predation

Facebook has rebranded as all-caps FACEBOOK in order to remind people “which company makes the products they use,” inviting mockery from social media as it dodges the problems plaguing the billion-user mega-platform. Facebook will slap the new all-caps logo in a thin-lettered typeface on its subsidiaries, while its old logo will remain the identifier for […]

Libra, Calibra: Facebook’s Digital avada kedavra Magic Money Plan Explained

Earlier in June, Facebook announced its ambitious cryptocurrency called Libra. Libra being termed as a cryptocurrency works on the same underlying technology as other cryptocurrencies, the blockchain. Despite being a cryptocurrency, it is to be noted that Libra has a lot of distinct features that are not seen on other cryptocurrencies. Libra is a permissioned […]

France to test digital currency in Q1 2020

France intends on testing its central bank digital currency (CBDC) in the first quarter of 2020. According to a report by Les Echos, the Banque de France aims at becoming the first in Europe to launch a CBDC. The bank will seek to use the digital currency to improve the efficiency of the country’s financial […]

Facebook’s digital currency Libra ‘has failed’

Facebook’s digital currency Libra ‘has failed’ and can’t work in its current form, says Switzerland’s finance minister. Facebook’s Libra project has failed in its current form and needs reworking to be approved, said the president of Switzerland where the cryptocurrency is seeking regulatory consent. “I don’t think (Libra has a chance in its current form), […]

Can the new Saga token emerge as Libra stablecoin rival?

UK-based blockchain firm Saga just launched a new token called Saga (SGA) token which could potentially be the next big competitor of Facebook’s troubled Libra stablecoin. Saga has the perfect recipe for success. An advisory board that boasts of leading economists like the Nobel Prize winner, Myron Scholes, and the Chairperson of JPMorgan Chase International […]

Libra not a crypto as it’s ‘centralized, backed by assets, and permissioned’

One of the heated topics in the cryptocurrency, regulatory, and the fintech space has been Facebook’s footprint in the digital asset ecosystem with the unveiling of Libra. This venture is viewed as a positive sign for the growth of the cryptocurrency market altogether by some, whereas criticized by many. The criticism was not much of a […]

Libra: An Explanation of Facebook’s New Cryptocurrency

What is Libra? According to the whitepaper, Libra aims to provide a global currency and financial infrastructure to empower billions of people. The idea is that individuals all over the world will be able to send each other money and access basic financial instruments through the power of the internet. The internet of money is […]

Tim Draper predicts bitcoin will reach $250,000 six months after halving.

American venture capital investor Tim Draper believes that the price of bitcoin will reach $250,000 six months after the halvening event. The halving of bitcoin is scheduled to take place in May 2020. One of the most successful venture capital investors, Tim Draper, has made a bullish prediction about bitcoin in the long term. He […]

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