Libra (LBA) & Facebook

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...

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,...

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...

This year of 2019 turned out to action-packed with respect to the cryptocurrency market and the global economy in general. Undergoing a massive crypto winter in 2018, the crypto market saw some recovery especially in Q2 2019. If we look at the year-to-date performance, the overall cryptocurrency market cap surged by 60%. Thanks to Bitcoin‘s performance giving 100% returns during the same period.Also, if we look at the traditional markets, they have performed beyond investors’ expectations....

Even though Google tracks Santa and seems to be very Christmas-like, it doesn’t seem to care for the crypto community at all. YouTube, the Google-owned video-sharing platform apparently started restricting or even deleting crypto-related videos or those who were flagged to be that way. Some crypto influencers even said their videos or even the whole channels were completely removed. The founder of Skill Incubator, a company that teaches valuable skills to help people thrive in today’s...

Financial Technology (FinTech) has been the talk of the town this year and will continue to remain the next year as well! Big Tech companies like Google, Apple, Facebook, etc. have already pulled up their socks to grab a considerable share in the evolving financial space.Furthermore, 2019 has been a good year witnessing significant growth in awareness and exposure for FinTech startups and companies. Besides, the industry has also managed to attract massive funding for the development of...

It seems China was really serious when talking about its digital currency. Even though China was trying to forbid cryptocurrency mining and trading, for the last three months it is in the process of creating its own.Head of the People’s Bank of China’s (PBoC) Digital Currency Research Institute, Mu Changchun, stated that the country’s digital yuan is finally ready for trials. The central bank digital currency (CBDC) will, as per the announcement, not come as a volatile asset like Bitcoin or...

Facebook’s cryptocurrency project Libra is still very much up in the air, according to board member Patrick Ellis.Ellis Admits Facebook Has No Clue What It’s DoingComing about in late June of 2019, Libra has sparked controversy at every turn, and has people split right down the middle regarding how trustworthy it is and how useful it will be. The idea is that Libra will be used as a cryptocurrency through Facebook for third-world nations to purchase goods and services. Many of these regions...

Avenir Suisse Podcast Diesen Sommer hat Facebook mit weiteren Firmen angekündigt, eine neue digitale Währung lancieren zu wollen. Das Projekt bekam den Namen Libra, und es schlug ein wie eine Bombe. Politiker und Regulatoren standen plötzlich auf den Hinterbeinen, und Vertreter etablierter Finanzinstitute fragten sich: Ist das nun die lange befürchtete Disruption der...

Ripple is ending this year in high class. The company announced on Friday it managed to raise $200 million in Series C funding. This investment presents the last stone in a road marking this the record “Ripple year” regarding its business. It also proves the blockchain technology’s worth in improving global payments and the higher advantage when it comes to the digital asset XRP and the XRP Ledger.As per the official announcement, the Series C was led by the investment company Tetragon and...