Libra ecosystem

Buffett: ‘I Don’t Own Any Cryptocurrency, I Never Will’

Investment guru Warren Buffett vows to stay far away from cryptocurrencies. “Cryptocurrencies basically have no value and they don’t produce anything,” the Berkshire Hathaway CEO and chairman told CNBC. “In terms of value: zero,” the Oracle of Omaha said. “I don’t own any cryptocurrency and I never will,” he added. Buffett has been a long-time […]

Huge Win For Libra As Shopify Joins Association

Today, Libra has scored a big win. The Facebook project has proven that it is down but not out. Shopify has announced that it is joining the Libra Association. Libra is a cryptocurrency project announced by Facebook last year. The project has however suffered several regulatory stepbacks from the EU and the U.S. Libra Is […]

Why does Libra require a new programming language?

While the goal behind Libra is clear, Maurer mentioned that many people are still wondering why Facebook built an entirely new programming language to power the platform. Maurer explained that the idea was to build a language designed to fit with the paradigms used when programming with money. Unlike many other blockchains that can be […]

Libra Minus Facebook: Why Celo Is 2020’s Buzzy Token Project

Celo is the new black.  Investors from Silicon Valley to Switzerland are whispering about it. The team behind that project, cLabs, is combining the ethereum and Libra models with a $30 million war chest from the likes of Polychain Capital and Andreesen Horowitz (a16z). And with their stablecoins and reserve baskets, the shared backing of […]

What Exactly Is Facebook’s ‘Libra’ Cryptocurrency? What Are Its Challenges?

The new decade is set to launch with one of the most ambitious cryptocurrencies yet, with the social media giant Facebook’s ‘Libra’ expected to start trading in a few months. The new coin certainly has the muscle behind it: in fact, it has an entire Libra ‘Association’ that consists of companies such as Spotify, Farfetch, […]

‘Zuckerberg’s Libra Coin Won’t Work’: Advocates of privacy and decentralization claim

Advocates of privacy coins and currency decentralization have joined the rejection of Facebook Libra. As part of a widespread rejection of Mark Zuckerberg’s stablecoin Libra, supporters of decentralized digital currencies, as well as privacy advocates, join a long list of organisations and politicians, claiming that a digital currency run by the Facebook CEO totally lacks […]

Would Libra’s Payments Be Safe? Fed Member Comments On Digital Currency’s Future

In a speech, Wednesday by Lael Brainard, a member of the Board of Governors of the Federal Reserve System, at Stanford University’s Graduate School of Business, the future of digital payments in the U.S. were broadly sketched. But her comments provided more risks and concerns than a path forward.    That afternoon, Ms. Brainard addressed the audience […]

China Urged to Regulate Cryptocurrency Over Growing Libra Concerns

The powers that be in China seldom listen to advice from any outsiders. One former central banker, however, thinks that global cooperation is needed, especially in response to Facebook’s Libra. China has fast-tracked the development of its central bank digital currency (CBDC), primarily over fears that Facebook could dominate if it gets there first. The […]

Facebook Libra vs Bitcoin

Libra is created by Facebook and has the backing of numerous large corporations. In contrast, Bitcoin was created by an anonymous person or group going by the name Satoshi Nakamoto. They are both based on Blockchain technology. Facebook Libra vs Bitcoin: Trust Bitcoin is a virtual currency that does not involve any third parties. You […]

Where did Facebook’s Libra go wrong?

As Google and other major enterprises take part in Hedera’s 39-member governance council, a number of companies have left Facebook’s Libra Association, a project that aims to create a global cryptocurrency-based payments network. Despite backlash from regulators and government officials, companies such as PayPal, Mastercard and Visa initially joined Libra’s governance council. According to Harmon, […]

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