Libra (LBA) & Facebook

Bitcoin is censorship-resistant… The hashtag #Bitcoin is not. Over the past days, Facebook has been busy censoring all posts that include the #Bitcoin hashtag in the description. There are no distinctions: Videos, photographs, and even messages have been censored, blocking the public from accessing any information related to the cryptocurrency. Upon entering the hashtag, users in different parts of the world are confronted with a censorship screen in which Facebook ensures...

After a sharp price jump towards $13,650 intraday, Bitcoin has retraced and trades around $13,200. The alternative coins continue to bleed out, and the total market capitalization has dropped below $390 billion. Bitcoin To $13,650 And Back On ECB Stimulus News Following the latest 2020 high, Bitcoin got rejected and lost nearly $1,000 of value in hours a few days ago. Since then, the asset has been struggling with the $13,000 level. After another dip below it, BTC went on a...

PayPal’s decision to enable its users to interact with cryptocurrencies directly on its platform continues to attract popular individuals’ attention. The latest to acknowledge the significance of this move were the Head of Facebook Financial, David Marcus, and Social Capital CEO Chamath Palihapitiya. Banks Will Follow PayPal, Says Marcus Arguably the most significant piece of news recently came last week when the giant online payment processor PayPal announced it will soon...

Ever since Facebook announced its plans to create a digital payment currency dubbed Libra, central bankers have tried to counter it with an invention of their own. While Libra is facing regulatory troubles, a BIS report indicated that over 80% of the world’s central banks are currently developing a central bank digital currency (CBDC). The idea and purpose of a CBDC are fundamentally different than everything Bitcoin stands for. As such, the community has been speculating on...

Binance’s enigmatic chief executive Changpeng Zhao (CZ) says that Central Bank digital currency is a threat to Bitcoin. While giving his views about CBDC, the Binance boss CZ stated that the currency’s formation could threaten the advancement of Bitcoin. The exec responded to the question about how the digital yuan initiative of the People’s Bank of China is affecting the crypto world, raised during a video interview with Jeff Roberts, Fortune’s senior writer. The yuan digital currency...

Facebook-backed Libra has issued another “major” announcement. It is bringing former HSBC executive Ian Jenkins on board to serve as the new chief financial officer of a division in the company designed to manage the Libra payment system.Libra Brings Ian Jenkins AboardJenkins initially served as a former business finance head and general group manager for HSBC. He also has experience working with other major financial institutions such as Santander and Credit Suisse.The big question following...

When it comes to Facebook, bitcoin and Tesla, the three entities all seem to share a connection of sorts. Bitcoin is the primary cryptocurrency created in 2008. It has led to the creation of other digital currencies such as Ethereum, Ripple and EOS to name a few.Facebook and Tesla and BTC: What Connects Them?When it comes to Facebook and bitcoin and the relationship that those two entities share, Facebook has clearly been inspired by bitcoin and the crypto space to create its own digital...

Facebook’s Libra company – the cryptocurrency that will allegedly serve as a global currency everyone can use in the coming future – has appointed James Emmett, the former HSBC European head, to an executive position within its infrastructure.Libra Chooses James Emmett of HSBC FameAccording to reports, Emmett will develop and operate the payment system associated with Libra, which goes by the name of the Calibra wallet. Emmett’s appointment marks the latest in a string of several high-profile...

To create unique videos on YouTube Shorts, users will have access to a large library of music to record and enhance their content.Google LLC (NASDAQ: GOOGL) (NASDAQ: GOOG) owned YouTube has launched a TikTok rival dubbed YouTube Shorts, a short video creation service for creators and artists. The Google-owned firm noted that it created the YouTube Shorts service in a bid to create more value to sway with the recent advances of mobile devices.The firm claims it is one of the pioneers of short...

Dass die EU Regulierungen für Bitcoin und andere Cryptocoins plant, ist nichts Neues. Doch gestern wurden zum ersten Mal konkrete Inhalte öffentlich, die in einem 167-seitigen internen Memo zu finden sind. Dieses wird offenbar innerhalb der nächsten Wochen dem EU-Parlament vorgelegt.Bitcoin News: Pläne der EU zur Bitcoin Regulierung durchgesickertGerade Stablecoins, die an Fiat Währungen gebunden sind, werden in dem Memo intensiv diskutiert. Und damit sind wir wieder bei Libra, Facebooks...