Libra (LBA) & Facebook

E-commerce retailing giant Amazon is planning to expand its reach in the food industry and open a new brand of grocery store. As CNET has reported, a new grocery store will be opened in Woodland Hills, California, in 2020.Amazon spokesperson said:“Amazon is opening a grocery store in Woodland Hills in 2020.”When asked about Whole Foods acquired by Amazon for $13.7 billion in 2017, the company has stated it is going to make a new brand totally different from this network and Amazon Go...

Photo: Acumen_ / FlickrIn recent weeks, China appears to be retracting its hard stand against crypto activities within its jurisdiction. Notably, even President Xi Jinping encouraged Chinese investors to take up blockchain and crypto activities in an attempt to diversify the Asian economy.These developments have made billionaire Michael Novogratz warn that the United State’s reserve status might soon be undermined by the Chinese revolution. In his statement, he insists that China is already...

Anlässlich der FinTech-Week in Singapur stellte Wirex eine neue Visa Travelcard vor. Im asiatisch-pazifischen Wirtschaftsraum erlaubt die Debitkarte die Bezahlung mit Fiatwährungen sowie mit Bitcoin und Co. Wirex versucht immer wieder mit neuen innovativen Läsungen wie neulich einem Bonusprogramm, neue Kunden zu gewinnen. Neue kryptofähige Debitkarte für die APAC-Region Auf der FinTech-Week in Singapur kündete der Zahlungsdienstleister Wirex eine neue Debitkarte an. Die Visa...

After dominating its smartphone industry with its iPhone for a decade, tech giant Apple is exploring a new product line for the next phase of the technological revolution. Over the last decade, Apple scaled tremendous heights with billion-dollar sales of its iPhone flagship handsets. Earlier this year, the Cupertino-based tech giant also became the first company to touch a trillion-dollar valuation.Known for getting breakthrough innovation in the tech space, people have been eagerly waiting...

Facebook’s cryptocurrency project, Libra, could be used to build on top of central bank digital currencies. That’s what the venture’s co-creator and head economist reiterated today at a FinTech conference in Singapore. Interestingly enough, the statement also comes at times when a few countries are contemplating the launch of their own state-backed digital currencies.Libra Improving State-Backed Digital CurrenciesChristian Catalini, Libra’s co-creator and head economist of Calibra, spoke in...

Facebook’s Libra cryptocurrency has been slated for a 2020 release, but according to top executive Kevin Weil, it will be decades before the currency is fully ready.Libra May Take Longer – Much Longer – Than Originally ThoughtAs vice president of product at Facebook’s Calibra digital wallet unit, Weil explained that while the currency itself may be ready relatively soon, the wallet system that’s backing it up will take much longer. He comments that the system is quite complicated, and...

In what seems to be both a conflict-of-interest and also an effort to promote his cryptocurrency, the head of cryptocurrency projects at Facebook David Marcus has given bullish indications as to where Bitcoin is going. He also indicated that Bitcoin doesn’t fit into the cryptocurrency asset class as well giving his bias for the Libra cryptocurrency. David made this known at the recent New York Times DealBook conference last week. He also said that Bitcoin has more qualities as an asset than...

Financial regulators in Australia are looking to put more pressure on Libra.Libra Is Getting Reamed… AgainA new report suggests that Facebook and Libra executives failed to follow proper Australian protocols. This is raising concerns with members of the Australian government, who are now looking to learn all they can before the currency is set to debut in 2020.Facebook’s Libra has had a rocky history. The coin was first introduced back in June of 2019 to rather lackluster reception. The...

At press time, bitcoin has taken something of a nosedive and is now trading for a measly $8,800.Bitcoin Drops AgainWhile the price isn’t nearly as bad as it could have been, the currency has fallen below the $9,000 line, which is where it’s been for nearly two weeks. Things ultimately took a nasty turn for bitcoin and cryptocurrencies in general in late September when Bakkt – the institutional crypto trading platform owned by the Intercontinental Exchange (ICE) – debuted to rather lackluster...

It’s a big win for Chinese tech giant Tencent as Hong Kong’s top-most regulator – Securities and Futures Commission (SFC) – has recently granted them a new license to open a virtual bank.On Friday, November 8, speaking at the World Blockchain Summit in Wuzhen, China, Tencent’s chief of blockchain division – Yige Cai – said that his company has received a go-ahead from the SFC to open blockchain-based virtual banking system in the country.Although not many details of the bank’s launch are...