Libra (LBA) & Facebook

In what seems to be a return to bearish tendencies, Bitcoin price has dipped below $8,000 overnight, fortunately, major altcoins haven’t followed suit this time. At the time of writing, BTC was down 0.83% to $7,967.00.The altcoins, on the other hand, have fared differently with each altcoin seeming to find its ground. Ethereum (ETH) is down 0.51% to $174.16, XRP is up 5.44% to $0.27, EOS is up 1.27%, Tether down 0.71% to $1 while Litecoin is down by 0.97% to $55.68. Several factors may be...

Olaf Scholz who is currently the German finance minister has indicated his stance on the cryptocurrencies in particular and electronic money in general. According to local sources, he made his position known last week and also revealed skepticism for private-interest cryptocurrencies such as Facebook’s Libra. He proposed the introduction of an electronic Euro which won’t serve a replacement of the current Euro system but will be used alongside it.He said:“Such a payment system would be good...

Have you ever made a friend of an enemy? Was there ever anyone or anything that you just couldn’t stand, yet you wound up becoming inseparable down the line? People like Katie Haun can relate to this story.Katie Haun: Why She Now Loves BTCHaun is a former federal prosecutor that had been required to examine mafia cases and other major crimes that were plaguing the rural U.S. At one point, an employer adamantly requested that she study bitcoin and see if there was a plausible way of “shutting...

Facebook’s Libra has no doubt incurred a mixed reception among crypto fans and regulators alike, but the fact that it could now be left in the dark by one of its biggest supporters – PayPal – doesn’t look good at all.Libra and PayPal Part WaysPayPal and Facebook are hugely connected through Libra in that former PayPal exec David Marcus is the leader of development with Facebook’s blockchain division. He’s the guy in charge of Libra, and he’s often the man who serves as the face of the...

Apple CEO Tim Cook doesn’t appear to be a fan of Libra… or Facebook, for that matter.Tim Cook: Only Countries Should Be in Control of CurrenciesWhile he didn’t single the two enterprises out specifically, he did speak out against companies that were looking to “create their own currencies.” At press time, all one can really think about is Facebook’s venture into the crypto space through its new coin Libra, which has enjoyed a mixed reception since the beginning of the year when it was first...

Apples Tim Cook äußerte sich letzte Woche zu Gerüchten Apple würde einen eigenen Cryptocoin kreieren. Unterdessen bekommen Kreditkartenanbieter und auch PayPal kalte Füße, was Facebooks Cryptocoin Libra anbelangt. Ob Zuckerberg bei einer weiteren Kongressanhörung die Wogen glätten kann?Crypto News: Großunternehmen mit CryptoproblemenDer US-Kongress will Zuckerberg noch in diesem Jahr ein weiteres Mal befragen, um dem Launch des Libra zuvorzukommen. Nach der letzten Kongressanhörung sind...

The walls are all but crumbling down around Facebook’s embryonic ‘cryptocurrency’ venture, as PayPal allegedly considers calling quits on Libra. Libra Back(er)s Against the Wall First Visa, and MasterCard, and now PayPal. Things aren’t looking too rosy for Libra, as regulatory watchdogs continue to hound the project. Today, a fresh batch of conjecture is boiling over, as the Financial Times reports that representatives from PayPal abstained from yesterday’s Libra association meeting. 28...

Apart from its ongoing antitrust investigation as put forward by the Federal Trade Commission (FTC), Facebook is also having a rough time regarding its proposed digital currency, the Libra. A few months ago, Facebook announced its plans to float its own cryptocurrency and also released a whitepaper to the effect.As part of the announcement, a Libra Association was announced, an association made up of several big companies including Uber, Mastercard, Visa, eBay, Spotify and many other...

On Thursday, after Facebook announced its new Threads app, Snap Inc. (SNAP) stock fell up to 7%. Facebook’s latest attempt to clone features already being used by Snapchat is only one of many, which has since pitched both social media giants together in the public eye.Even though Threads is a stand-alone app, it allows users already on Instagram to exchange status updates and media including photos and videos, to specific people who make up their “close friends”, an Instagram feature which...

Although Apple is making an aggressive move in the fintech and global payments industry, the tech giant has no plans to step in the crypto space for now. Apple Inc’s chief executive officer Tim Cook recently said that his company has no plans to launch its own digital currency.During an interview with French financial newspaper Les Echos, Cook said that matters related to currency should remain in the hands of countries and their respective governments. He added:“I really think that a...