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Libra (LBA) & Facebook

The Digital Yuan Won’t Be Used for Speculation, Says Chinese Bank Head

China’s virtual currency – the digital yuan – is set to make its official debut, and many residents and potential users aren’t happy about the way it’s structured.The Digital Yuan Isn’t for SpeculationRecently, the country issued a new law that would allow for the creation of such a coin. China had commented in the past that the digital yuan is designed to assist the nation in competing with Libra, the new cryptocurrency project being set forth by the social media conglomerate Facebook.For...

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Was war 2019 so los in der Bitcoin-Szene?

Bitcoin 2019: Was war 2019 so los in der Krypto-Szene? Im Jahr 2019 ist viel passiert, aber was hat die meiste Aufmerksamkeit erregt? War es der Bitcoin-Kurs oder vielleicht Libra von Facebook? Schauen wir uns einige Highlights an! Facebook kündigt Libra an Das soziale Netzwerk Facebook machte Schlagzeilen, als es ankündigte, eine eigene Kryptowährung mit dem Namen Libra auf...

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Was war 2019 so los in der Bitcoin-Szene?

Bitcoin 2019: Was war 2019 so los in der Krypto-Szene? Im Jahr 2019 ist viel passiert, aber was hat die meiste Aufmerksamkeit erregt? War es der Bitcoin-Kurs oder vielleicht Libra von Facebook? Schauen wir uns einige Highlights an! Facebook kündigt Libra an Das soziale Netzwerk Facebook machte Schlagzeilen, als es ankündigte, eine eigene Kryptowährung mit dem Namen Libra auf...

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2019: A Look Back At Some of the Year’s Biggest Bitcoin Stories

2019 is coming to an official close, and it’s been a crazy year for bitcoin and its crypto counterparts. In an end-of-year series, let’s examine some of the biggest stories that have occurred over the past 12 months and how they’ll possibly influence the crypto industry’s behavior in 2020.Bitcoin and Its Ongoing VolatilityIt can be argued that 2019 was a year of major volatility for bitcoin. After all, the currency started out at a mere $3,500 – where it remained until April. Bitcoin had...

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Libra Is a Failure, Says Ueli Maurer

Not long ago, it was reported that Libra was looking to make a new home in Switzerland. Well, it appears now that even Switzerland is looking down on the project, claiming that it’s not as strong as it should be.Libra and Switzerland Aren’t Friends AnymoreThese words came from Ueli Maurer, the country’s finance minster and outgoing president. He considers Libra something of a failure in its present state and doesn’t believe it can change the monetary system as it is. He also said that it...

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Swiss President Says ‘No’ to Libra Project

Swiss outgoing President and Finance Minister Ueli Maurer said on Friday that Facebook’s Libra project “failed in its current form and needs reworking to be approved.”He said:“I don’t think Libra has a chance in its current form, because central banks will not accept the basket of currencies underpinning it. The project, in this form, has thus failed.”Regulators all over the world have been worried that Libra would possibly increment the risk of money laundering and criminal actions through...

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Pour le président de la Confédération suisse Libra a échoué dans sa forme actuelle

Pour Ueli Maurer, président de la Confédération suisse qui s’exprimait devant les caméras de la chaîne de télévision SRF, le projet Libra lancé par Facebook a échoué dans sa forme actuelle et doit être retravaillé s’il veut être approuvé : « Je ne pense pas [que Libra ait une chance dans sa forme actuelle], car les banques centrales n’accepteront pas le panier de devises qui le sous-tend »....

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Vitalik Buterin and CZ Want to Have Censorship-Resistant Platform for Crypto Community

A few days ago we reported about the YouTube crypto ban. It has turned out that the biggest video sharing platform moved, deleted or banned some videos related to crypto. Hell, it deleted the whole groups connected to it, as well as the users’ profiles.However, the force is strong in the crypto community and it has been proven once again. Just a day after it was reported YouTube removed what it said was “harmful or dangerous content”, the crypto community went wild. And, as we already...

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$17 Trillion Jump in Global Stock Markets to Continue in 2020

The general consensus this year, even by people who aren’t exactly deep into financial metrics, is that 2019 has been mostly good. On average, global stock markets have performed impressively and still push on. For specifics, Deutsche Bank’s Chief Economist Torsten Slok has highlighted the global stock markets’ 2019 pump to be over $17 trillion.For several reasons including more attention by government and financial authorities, the progress has been quite noticeable. According to Slok,...

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Lael Brainard Doesn’t Seem to Trust Libra

Lael Brainard – the Federal Reserve governor – is back in the news. This time, she’s attacking the cryptocurrency project Libra, and to be fair, she’s not the only one.Brainard: Can We Trust Libra?Libra has been very controversial since it first emerged last June. Many have had mixed to negative reactions towards the cryptocurrency, claiming that it cannot be trusted given that it’s a subsidiary of Facebook, a social media conglomerate that has been attached to several scandals over the...

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