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Libra (LBA) & Facebook

Signals of Hope for Crypto Gold-Bugs? Renewed Signs that Gold-Linked Tokens Are Making Comeback

Gold protected tokens like GoldFinX appears to be the best investment source for institutional and retail investors since they can be easily traced back to find its custodial asset backing its worth.The current market perception for cryptocurrencies has been shifting recently, in a seemingly ever more positive direction, even with the global economy suffering massive blows from the prevailing pandemic. Facebook‘s Libra and JPMorgan‘s JPM coin are anticipated to launch in 2021; Bitcoin and...

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Former PBOC Governor Says Digital Yuan Is Not Threat to Fiat Currencies

Zhou said that holders of the digital yuan can use it for trading or investment. He added that, unlike Libra, they “don’t have an ambition to replace existing currencies”. The former governor of the People’s Bank of China (PBOC), Zhou Xiaochuan, said that the digital yuan is not a threat to fiat currencies. The former governor of China’s central bank, PBOC, said the issuance of the digital yuan is not to replace fiat currencies. He further noted that the digital yuan will not take the...

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David Marcus: We Want Cryptocurrency Diem To Be Part of Major Change in 2021

Despite nearly two years of delays and several regulatory hurdles, Facebook’s Libra – now called Diem – is still looking to carve out a place for itself in the crypto space.Diem Is Still Trying to Move ForwardFacebook first entered the cryptocurrency environment in June of 2019, announcing that it was looking to establish a global payment system and unveil a new digital asset it was calling Libra that could potentially be utilized to purchase goods and services through the social media...

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Bitcoin Gets Away From $20K: The Crypto Weekly Market Update

While Bitcoin has increased by a total of around 400% since the March lows, the picture doesn’t appear as bright in the short-term as it draws away from $20,000.Over the past seven days, the cryptocurrency lost over $1,000 of its dollar value, charting a decrease of about 5%.During the week, BTC managed to increase to above $19,300, but, unfortunately, it was all downhill from there. The cryptocurrency touched a low of $17,650 yesterday before recovering slightly to its current level of...

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German Financial Leader Just Doesn’t Trust Libra

Facebook’s new Libra cryptocurrency project has had a hard time getting off the ground, and considering it’s still getting a lot of raised eyebrows and distrusting looks from international financial leaders, it looks like things are set to remain somewhat difficult for the asset to roll out.Libra May Encounter Opposition in GermanyRecently, Libra was jabbed at by German Finance Minister Olaf Scholz, who says he’s not entirely comfortable with the authorization of Libra use in Europe. While...

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Facebook’s Libra Rebranding Faces Lawsuit from UK-Based Diem

They took the view that “we can just crush them, we’re Facebook,” said the co-founder of Diem.Facebook earlier changed the name of its yet to be launched stablecoin to Diem, changed the name of the Libra association to Diem Association, and also changed the name of its wallet to Novi wallet. Hoping that the coin that was previously known as Libra would be launched next year under the newly chosen name, a startup that bears the name Diem has threatened a lawsuit on Facebook.Geri Cupi, the CEO...

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Facebook’s Newly Renamed Diem Cryptocurrency Threatened With A Lawsuit Over Branding

The giant social media continues to stir controversy even when it’s trying desperately to avoid it. Just a week after Facebook renamed Libra to Diem (meaning “day” in Latin), the company could be facing a lawsuit from a London-based fintech app with the same name.CryptoPotato reported last week that Facebook changed the name of its future cryptocurrency in another attempt to escape from all the regulatory hurdles in its way. However, it seems that the Association behind the project has chosen...

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Diem: Facebook lanciert Digitalwährung neu

Diem statt Libra: Facebook gibt Kryptowährung neuen Namen Lange war es ruhig rund um die Digitale Währung von Facebook. Doch seit nun tut sich wieder was: Die Digitalwährung Libra hat einen neuen Namen: Diem. Diem, so schreibt die von Libra Association in Diem Association umgetaufte Gesellschaft hinter den Krypto-Plänen bei Twitter, sei „ein neuer Name für einen neuen Tag, an...

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The Changes Continue: Facebook’s Libra Has Been Rebranded To Diem

Facebook shook the world last year after announcing plans to introduce a “single global digital currency” dubbed Libra. However, the social media giant’s efforts were quickly scalded by global regulators as the project received massive blowback.Facebook didn’t give up on its idea. Instead, the company decided to rebrand its two main products. Firstly, the Calibra wallet became Novi, and today, Reuters reported that the Libra name had been changed to Diem (meaning ‘day’ in Latin.) Stuart...

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#1025 Bitcoin Allzeithoch, Facebook Libra Launch & Regierung kappt Bitcoin Minern den Strom in China.

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 1025. Im heutigen Video geht’s um folgende Themen: Bitcoin Allzeithoch erreicht, Facebook plant Libra Stablecoin Launch im Januar 2021 und Regierung kappt den Bitcoin Minern den Strom in China. 1.) Why Bitcoin price has not hit a new all-time high — Just yethttps://cointelegraph.com/news/why-bitcoin-price-has-not-hit-a-new-all-time-high-just-yet 2.) Facebook Libra: Stablecoin Launch im Januar 2021...

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