LIBRA

75 Companies Back Facebook Libra’s Competitor Celo

How To Choose An ICO To Invest In New ICOs (OTC) Celo, a competing project to Facebook’s Libra cryptocurrency, has added 50% more new members to its alliance, bringing the total number of supporting organizations to 75. Some Celo members are also supporters of the Libra project, such as Coinbase Ventures, Anchorage, and Andreessen Horowitz. Celo […]

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, […]

Facebook’s Libra is a no-go in the majority of countries

People distrust big tech companies, the recent survey showed. Emerging markets are more loyal both to state-backed and private digital money. People are unlikely to use digital money issued by big tech companies as they do not trust them, the latest research performed by Official Monetary and Financial Institutions Forum revealed.  According to the poll, […]

How cryptocurrencies can replace other pay options

SAN FRANCISCO – Cryptocurrencies live in a volatile, roller-coaster world, which Facebook is seeking to change with its new Libra digital money.The new digital currency will be overseen by a nonprofit association and backed with real assets to serve as a reliable, stable form of globally accepted money that lives essentially on smartphones. How do […]

Abandon sinking US dollar ship? Top UK bankster pushes for new ‘synthetic hegemonic currency’

Bank of England head Mark Carney has urged his fellow central bankers to embrace tech like Facebook’s Libra to build a multipolar system, warning against “swapping one currency hegemon for another” – unless it’s their hegemon. Acknowledging that the US dollar’s days as the world reserve currency are numbered, he gushed that “technology has the […]

Details Of Recent Cryptocurrency News From Germany

There has been a lot happening in the world of cryptocurrency, and blockchain in Germany over the past week. A telecom company is looking at providing a blockchain-as-a-service marketplace, German financial authorities propose carrying out a plant inspection using blockchain, and lots more.  Below is a collection of some of the news from Germany dating […]

Vodafone Becomes Latest Big Name Backer to Quit Libra

British telecom giant Vodafone is the latest firm to pull out of the Libra Association, the non-profit body overseeing the Facebook-led digital coin, bringing the total number of early backers to withdraw from the project to eight. Vodafone Walks Away Both Vodafone and Libra confirmed the news last week with the departure appearing to be […]

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. 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 standards […]

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 […]

Experts Share: What Are the Biggest Crypto and Blockchain Topics to Follow in 2020

What Are the Biggest Crypto and Blockchain Topics to Follow in 2020 Virginia Cram-Martos, CEO of Triangularity Central bank digital currencies and stablecoins (maybe Libra, maybe not) Government blockchain-based applications and services (although, I expect this to really come to the forefront in the first half of 2021) An increase in blockchain-based identity projects — […]

Crypto contradiction: Boom Bust explores how governments try to control cryptocurrencies that were not meant to be regulated

China’s Central Bank has unveiled plans to roll out its own digital currency, which will be called DCEP (Digital currency Electronic Payment). Beijing has been working on the project for about five or six years. RT’s Boom Bust talks to Todd Horwitz of Bubba Trading about the latest in digital currency developments. “If you look […]

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 […]

Germany, Italy & France set to block Facebook’s cryptocurrency Libra in Europe – report

Paris, Rome, and Berlin are getting ready to block Facebook’s new digital currency Libra in Europe, a French minister said, as cited by AFP. Last month, France’s Finance Ministry said that the technology developed by the social media giant causes serious concerns and therefore its operation cannot be authorized for use on European soil. French […]

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 […]

10 Things to Watch for in Crypto in 2020

Things change fast in crypto. The only prediction that seems safe is that the narratives and metrics that seem important today will be eclipsed by new ideas, in a matter of months. Nonetheless, on the cusp of a new year and a new decade, we will attempt a look ahead at the important events and […]

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