Libra

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 […]

Digital yuan nears launch as China sweats over Libra

Sovereign virtual coin lets Beijing bolster oversight and boost currency abroad BEIJING — China appears on track to launch a sovereign digital currency next year, becoming the first major country to do so, as Beijing aims to track money flows more closely and combat planned cryptocurrencies such as Facebook’s Libra. With work completed on conducting research and setting […]

Libra Vs Bitcoin

As and when the news of Libra coin evolved, there have been some crypto enthusiasts discussing the differences between both of them. Let us check them out: #1 The first and foremost thing that differentiates the two of them is that Libra is a Proof of Stake (PoS) coin while Bitcoin works on Proof of […]

OpenLibra is an open alternative to Facebook’s Libra

While Facebook’s upcoming cryptocurrency Libra struggles to keep partners on board and regulators happy, an alternative called OpenLibra is here to address some of Libra’s potential shortcomings.  Announced at Ethereum Foundation’s Devcon 5 conference in Osaka, Japan, OpenLibra is described as an “open platform for financial inclusion,” with a telling tagline: “Not run by Facebook.” […]

Why China Is Banning Crypto but Is Bullish on Blockchain

Babel Finance is one of China’s largest financial service providers.  The firm works with crypto mining companies to fund the volatile industry and products including crypto-backed loans, deposit services, margin trading and derivatives. Since July 2018, Babel has issued $400 million in crypto-backed loans with a balance of more than $300 million outstanding. Before pivoting […]

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 […]

The Biggest Crypto Losers of 2019

Facebook’s uncertain Libra launch in 2020  Facebook’s announcement of its Libra cryptocurrency has been one of the major events of 2019. However, on the unveiling of Libra as a stablecoin backed by a select number of national currencies, U.S. lawmakers reacted with skepticism, summoning Facebook CEO Mark Zuckerberg to multiple hearings. At its core, Libra […]

Why Facebook needs Libra

In the technology sector, there’s a concept called “platform risk,” the danger that another company, or a newer, trendier technological innovation, could kneecap your business by wooing or coercing your users away. If you want to understand what Zuckerberg might see in Libra, consider Facebook’s $2 billion 2014 acquisition of Oculus, says Hunter Horsley, a former Facebook […]

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 […]

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