Libra (LBA) & Facebook

Libra Association Managing Director Bertrand Perez said on Friday that the Facebook’s cryptocurrency Libra, that should be launched by a Geneva-based association next year, is not intended to replace existing currencies. He said:“We are not in the area of implementing any monetary policy with the (Libra) Reserve.”This confirms what Libra’s CEO David Marcus was speaking back in July at the hearings when he kept stressing that Libra is not an investment and it doesn’t want to conquer the...

A rather inspiring presentation from the head of Facebook’s Libra David Marcus seems to have inspired someone else as well and neither more nor less – Coinbase CEO himself. Yes, you’ve heard it right, Brian Armstrong came out as a real supporter of this, still developing stablecoin.The thing is that Libra is often represented as a project that carries labels such as “alienating”, “controversial” or even “poisonous”. Even though it still hasn’t come out at the light of the day, it has already...

Following a rousing presentation from David Marcus - the head of Facebook's Libra - Coinbase CEO Brian Armstrong has come out in support of the developing cryptocurrency.Libra is often depicted as a pretty divisive and maligned project. It's not shocking to think that a cryptocurrency with plans of financial domination - emanating from a company with a checkered past of privacy problems - has regulators and citizens up in arms. Nonetheless, Libra now has at least one supporter, Coinbase's CEO...

Everybody is aware of the scandals that undermined trust in the social networking giant Facebook. According to Mark Zuckerberg, the company didn’t pay proper attention to protecting privacy, that’s why the company had to deal with the consequences of data leak and the spread of fake news. To fix this, Facebook’s CEO is all set to make everything, including Libra, right.Speaking in an interview with Asia-based news outlet Nikkei, Mark Zuckerberg said:“In the last few years, there are a lot of...

As we reported on Wednesday, proceedings for an official impeachment enquiry against U.S. President Donald Trump, was announced by Nancy Pelosi, the Speaker of the House of Representatives, shocking the entire country and the world at large. When this news spread, a lot of people considered what possible effects the situation could have both for the U.S. Stock Market as well as the prolonged trade tensions with China. Now, it would seem that fears have been allayed a bit, as the stock market...

Foto: Facebook Zürich Seit 2016 unterhält Facebook eine Niederlassung in Zürich. Die derzeit 80 Mitarbeiter dort arbeiten vor allem in den Bereichen „Augmented & Virtual Reality“. Nun will Facebook in Zürich deutlich expandieren. Die Mitarbeiterzahl soll sich mehr als verdoppeln und man will dort nun vermehrt auch im Vertrieb tätig sein. Das teilte Tino Krause, der Chef...

Speaking to the German federal parliament Bundestag on Wednesday, Benoit Coeure, a member of the Executive Board of the European Central Bank (ECB) said that Facebook’s currency Libra could possibly fix some of the troubling issues that exist at the international payments market. However, he warned that, on the other hand, it might create other problems that will need regulators to act more liberal and creative. He said:“Libra has undoubtedly been a wakeup call for central banks and...

Mark Zuckerberg, the co-creator and CEO of Facebook, a $521 billion tech conglomerate, has said in an interview that the team is “really focused” on launching its crypto project Libra - and doing it right.Speaking to Nikkei, Zuckerberg said:"A lot of people have had questions and concerns, and we're committed to making sure that we work through all of those before moving forward. Obviously we want to move forward at some point soon [and] not have this take many years to roll out. But right...

About a week ago on Thursday the 19th of September, the Committee on Financial Services scheduled Tuesday 24th, as the day for a Congress crypto hearing. Tagged “Oversight of the Securities and Exchange Commission: Wall Street’s Cop on the Beat”, the hearing was arranged to discuss several crypto-related issues including the SEC’s regulation of the sector, Exchange-Traded Funds (ETFs), Facebook’s Libra, and also a possible categorization of digital assets as official securities.The hearing...

Libra: Die neue Weltwährung von Facebook. Am Ende des Jahres ist es so weit: Die Libra Association macht sich endlich selbst an die Arbeit. Bis dahin soll ein Verwaltungsrat und ein operativer Direktor gewählt werden so der derzeitige Leiter und Facebook-Manager David Marcus. Solange leitet er und Facebook noch das Projekt, dann soll die Libra Association in Genf selbst...