Libra (LBA) & Facebook

Will bitcoin hit its biggest marks in 2021?Bitcoin Is Set to Explode in the Next Two YearsThat’s what some analysts are saying. According to bitcoin experts like “Plan B,” bitcoin could strike the $100,000 mark by the end of 2021… Around Christmas of that year to be exact.Bitcoin has been undergoing some very strange behavior, lately. The currency fell to the low $8,000 range from $9,500 in late September after Bakkt debuted to rather disappointing reception. While things picked up from...

Stocks in Chinese blockchain A-share companies “maxed out” to their 10% daily limit after a president Xi Jinping focused the attention of the public to the potential of the technology encouraging digital currencies, increasing the rise in related stocks and Bitcoin, which for the short time, though, went over $10,000.Xi said China should hurry up with its research into blockchain, the open ledger system that cryptocurrencies rely on. China’s central bank has been developing its own digital...

The vice-chairman of the China Center for International Economic Exchanges (CCIEE), Huang Qifan, has said that his country will launch the first-ever blockchain-based central digital currency. While he doesn’t believe in Facebook’s potential digital currency, Libra, he feels that such currencies are actually needed in the market as current payment methods appear to be outdated.China’s Central Bank to Launch a Digital CurrencyHuang spoke at the Inaugural Bund Financial Summit of 2019, which is...

Calls for the increased and improved use of blockchain technology are gradually making the rounds because while there are still a lot of places where the technology has been adopted quite considerably, there are still many others that have a lot of work to do. The use of blockchain technology is probably seen more in the financial sector and authorities and governments are gaining more interest.Recently, a call came from an official at the central bank of China, directed at commercial banking...

Photo: UnsplashLast week, while speaking at the Politburo Committee session, Chinese President Xi Jinping asked the country to double-down its efforts in the blockchain space. Xi said that having a strong foundation in blockchain technology, China should accelerate its blockchain development across multiple sectors like poverty alleviation, public services, healthcare, and others.Xi’s statements have caused a stir in the overall cryptocurrency with Chinese projects seeing a massive surge on...

It’s never a good sign when a company is forced to leave something it’s created behind, but in the case of Facebook and Libra, the danger is all too real.Libra Is Heading for the “No Fly” ZoneFollowing his recent testimony before Congress regarding the new financial platform, Mark Zuckerberg announced that if Libra moves forward without congressional approval, Facebook would be forced to leave the Libra Association.This is not a good sign. First off, Facebook is the initial creator of the...

It’s happened again, folks. Another major jump for bitcoin is in the books, and this time, the currency is just shy of trading at the $10,000 mark.Bitcoin Explodes in Price AgainIt seems bitcoin has had an extraordinary week when one really considers the circumstances of its present price journey. The currency has managed to regain all its losses from September and October in just a matter of days. It fell from $9,500 in late September when Bakkt – the institutional crypto trading platform...

Hunter Horsley is the former product manager of Facebook. He now heads the Bitwise Asset Management firm and was largely responsible for the submittal of the company’s latest bitcoin-based exchange-traded fund (ETF) proposal that the Securities and Exchange Commission (SEC) so unceremoniously rejected.Horsley Has His Own Thoughts on LibraLibra – the famed cryptocurrency from Facebook that’s set for a 2020 debut – has been at the center of heavy attention as of late, and many regulators,...

Wow. For a currency that remains horribly vulnerable to price swings and volatility, bitcoin has really managed to fix itself up over the past two days. The currency is trading beyond the $9,000 mark – a massive improvement considering just three days ago it was stuck in the mid-$7,000 range.Bitcoin Is Defying All ExpectationsBitcoin has experienced a hard period over the past 30 days. Things started off bad in late September when Bakkt – the institutional crypto trading platform owned by the...

A lot of people don’t like Libra. We’ve already established that, but now Jack Dorsey – the CEO of both Square and Twitter and arguably as big a social media conglomerate as Mark Zuckerberg – is taking aim at the project, claiming that Libra isn’t even a cryptocurrency.Dorsey: We’ll Never Join with LibraOne social media CEO is attacking the other, and Dorsey – while speaking at a Twitter News Summit in New York City – explained that Libra could be just a “gimmick;” a false and phony project...