Libra (LBA) & Facebook

As it tries to sanitize the playing field, the FTC has announced an investigation into some of the biggest tech companies: Amazon, Apple, Facebook, Google and Microsoft.The Federal Trade Commission, FTC, has announced its decision to begin an investigation targeted at some tech giants. The Commission said that the investigation is to shine its spotlight on these companies’ acquisitions carried out in the past, that may not have been thoroughly scrutinized by the regulator. The tech giants...

President Trump called four big tech companies with trillion-dollar market caps, Microsoft, Apple, Google and Amazon, the MAGA club. MAGA is also a short form of ‘Make America Great Again’, a favorite slogan of Trump and his supporters.United States President Donald Trump called out four tech giants for becoming a trillion-dollar companies – thanks to his merits. And not just that. We all remember his slogan ‘Make America Great Again’ (MAGA), right? Well, he went that far to call Microsoft,...

Bitcoin price and the overall crypto market reacted positively after Fed Chairman Jerome Powell recently stressed on the importance of private crypto-based transactions. He said that the Fed is working on a number of projects for digital currencies.Bitcoin price surged over 5% on Tuesday, February 11, pushing it to a five-month high above $10,300 levels. With this move, BTC has surged nearly 50% since the beginning of 2020. At press time, BTC is trading 5.6% up for a price of $10, 304 with a...

With China set to release its new digital version of the yuan, the country’s national fiat currency, the U.S. has sworn to boost its technology and artificial intelligence spending to ensure it’s able to counter the nation’s attempts and keep itself in a competitive position.China Could Be Pushing the U.S.’s ButtonsThis could mean working harder to ensure a digital currency for the U.S. As it stands, things like Libra and even bitcoin (BTC) have regulators on edge and split right down the...

Facebook (FB) stock price is moving higher despite all the noise around the company partially caused by Elon Musk’s negative position toward it.Last few years we are witnessing Facebook getting numerous objections from many sides. It all culminated when its CEO Mark Zuckerberg last year publicly admitted that the company won’t ever be included in checking the credibility of political parties that are advertising on the social network. Of course, it all was sparked even more when it’s...

Libra was first announced approximately eight months ago in June of 2019, and for the most part, the reception has been mixed.Why Is Libra Losing So Much Support?Many banks, regulators and members of the public have scoffed at the idea that Facebook – the parent company behind Libra – would seek to enter the financial fray. With so much scandal under its belt in the past two years alone, one wonders how such a venture could even exist, and that a company like Facebook would even dare to...

Thanks to the partnership between Zawadi and Eventbrite, event organizers will have a safer and faster way to deliver tokenized tickets to buyers.A mobile ticket delivery platform Zawadi announced its partnership with the U.S. event management and ticketing website Eventbrite. The integration means event managers who are using Eventbrite can now give out tokenized tickets to their participants through social messaging apps as are WhatsApp, Facebook‘s Messenger, and Line Messenger.As per their...

Lael Brainard’s remarks suggest the Fed’s more openness to digital currencies. The U.S. Federal Reserve is studying the feasibility of issuing a digital currency and the risks associated with that.United States Federal Reserve is researching the opportunities that central banks may get issuing their digital currencies. It was revealed by Lael Brainard, a member of the U.S. Federal Reserve’s Board of Governors.According to her, the digitalization of payments could be beneficial, but at the...

Asana Inc., the developer of web and mobile app for organizing, tracking, and managing work, has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (SEC). In the statement, Asana revealed their plan to enter the public markets via a direct listing. In other words, Asana files for IPO.Asana stated:“The public listing is expected to take place after the SEC completes its review process, subject to market and other conditions.”When...

According to the post by Block.one, company representatives attended the government buildings to discuss the future of Voice. Per the announcement:“In December of 2019, we sat down with the U.S. Securities and Exchange Commission in Washington D.C. to discuss our vision and plans for Voice: what it is, what we are trying to achieve, and how the tokens will work.”The company states that it has no right to publish all the related information. However, they will take all the necessary steps...