Libra (LBA) & Facebook

Libra has been attacked from all sides, but now people are even starting say its introduction to the financial space was ill-planned.Libra Hasn’t Tried to Clean Up Its ActLibra first emerged last summer to mixed reception. Many users said they didn’t trust Facebook enough after the Cambridge Analytica scandal to give the company their financial data, and many politicians were concerned that Libra would potentially open the door to money laundering and other white-collar crime.However, others...

We live in a paradoxical world in that it is both expanding and shrinking at the same time. The rise of high-speed internet allows us to instantly communicate across the globe, stream movies and TV shows, shop from the comfort of our couch, dig through the archives of famous museums and libraries, and watch events in other countries unfold in real-time. The flip-side of such openness is that a small number of corporations are increasing their stranglehold on how we live our lives. As such,...

Congress Representatives were unhappy with Zuckerberg‘s attitude on his last hearing within a building of the House Financial Committee Services. Previously, Mark claimed that his company would not be trying to undermine the existing dollar-based economy. Yet, he wants Facebook to have its branded currency no matter what, working all over the Earth, with 200 million people as the “ready to go” audience. And even if the EU, Asia-Pacific and other tech-savvy gigs start developing much better,...

At press time, bitcoin – the world’s number one cryptocurrency by market cap – has fallen all the way back to $7,600, meaning it has lost more than $500 in just 48 hours.Bitcoin Falls AgainThis is a nasty drop, and one that’s reminiscent of where bitcoin stood at around this time last month. During late October, the currency was hit smackdab in the middle when Mark Zuckerberg – the head honcho of Facebook – was scheduled to testify before a congressional hearing regarding Libra and its...

Facebook CEO Mark Zuckerberg and board member Peter Thiel met secretly with President Trump in October.The purpose of the meeting – and why it wasn’t disclosed by the White House – remains unknown.After Facebook revealed the meeting had taken place, Democrats dragged Zuckerberg on Twitter.President Donald Trump invited Facebook CEO Mark Zuckerberg and board member Peter Thiel to a White House dinner in October, but didn’t disclose the meeting to the public.Facebook told NBC News about the...

The bitcoin price crashed through another vital support level on Thursday.BTC has now plunged nearly 50% from its mid-year zenith.A legendary bitcoin trader says that this time, it’s “dying” for good.The bitcoin price crashed through another vital support level on Thursday, hastening a decline that has seen the leading cryptocurrency fall nearly 50% from its yearly high.Bitcoin has recovered from these punishing reversals before, but one legendary trader predicts that this time will be...

Coinspeaker PayPal Announces Acquisition of Honey Science Corporation PayPal has announced that they reached an agreement for acquiring Honey, the money-saving browser extension and app. PayPal Announces Acquisition of Honey Science Corporation Continue reading at Coinspeaker

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The CEO of PayPal, one of the world’s largest and most established online payment processors, has revealed in an interview that he owns Bitcoin and no other cryptocurrencies. He also talked about Libra and why his company decides to withdraw from the project.PayPal’s CEO Owns BitcoinIn a recent interview with Fortune, the CEO of PayPal, Dan Schulman, shared his views on cryptocurrencies and revealed interesting insights about the work his company is doing in the field.He said that there is a...