Facebook’s New Cryptocurrency

Japanese Official Calls for Development of Digital Yen in ‘Two-To-Three Years

Kozo Yamamoto, a senior lawmaker from Japan’s ruling Liberal Democratic Party, has called for the development of a digital yen within “two-to-three years” to counter the digital currency initiatives of China and Facebook. According to Reuters, Yamamoto commented a draft proposal for the development of the government’s digital currency will be included in the government’s […]

China warned not to rush into creating digital currency to rival Facebook’s Libra, instead join global debate

A new theory appears to be emerging in China with regards how it should cope with the potential challenges from Facebook’s blockchain digital currency Libra, with suggestions it should shift towards working with other nations to regulate the sector rather than fast-track its own alternative medium of exchange. Debate continues over whether and how China’s […]

The best investment of the decade turned $1 into $90,000

New York (CNN Business) The decade is almost over — and one incredibly volatile investment stood out from all the rest as the best of the 2010s. Want to guess what it was? Bitcoin According to a recent report by Bank of America Securities, if you invested $1 in bitcoin at the start of the […]

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 […]

Bitcoin’s bumpy revolution may be only just beginning

Bitcoin was born out of despair. Hidden among the lines of code in the first ever batch of the cryptocurrency was a headline from the frontpage of that day’s edition of The Times: “Chancellor on brink of second bailout for banks”. It was 3 January, 2009, and the world was in the midst of the worst […]

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), […]

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