Libra (LBA) & Facebook

While Facebook is prepping for its Libra launch in 2020, it also has acquired ServiceFriend which is a start-up that builds bots. Experts already have speculated that this is possibly meant for the Calibra wallet support service. First, this news was published in an Israel where ServiceFriend is situated. One of its largest investors, Roberto Singler, alerted one of the local publications about this matter. While Facebook hasn’t yet approved the relevance to Calibra on this deal,...

Facebook Libra: Facebook plant die Einführung einer Weltwährung. Der Start erfolgt im Januar 2020. Die von Facebook geplante digitale Währung Libra hat weltweit kontroverse Reaktionen hervorgerufen. Trotz des Aufruhrs, den Libra in den USA und Europa erzeugt hat, behält Facebook den Launch der Kryptowährung jedoch fest im Blick. Während Frankreich noch schwor, Libra in Europa zu blockieren, wurde von anderer Seite bestätigt, dass Libra in...

Schweizer Finanzmagazin: Experten sagen Digitalgeld keinen globalen Siegeszug voraus Facebook zählt 2,4 Milliarden Nutzer, will seine eigene Digitalwährung „Libra“ auf den Markt werfen und ist damit eines: eine Bedrohung für das Finanzsystem. So sehen es die Finanzminister Deutschlands und Frankreichs, wie das Zentrum für Europäische Wirtschaftsforschung (ZEW) in einer Studie betont. Nach Olaf Scholz ist eine Parallelwährung nicht zu...

Social media giant Facebook has for the first time indicated the full list of the basket of currencies which will support the proposed stablecoin Libra. While is known publicly that the US Dollar accounts for about 50% of the basket of currencies that will back the cryptocurrency, not much was known about the rest.According to the Der Spiegel report , in response to a request from Fabio De Masi who is the finance spokesperson of the Left Party of the German Parliament (the Bundestag), a...

Despite all the regulatory hurdles and all that hate that has come from both domestic and international lawmakers, Libra, Facebook’s controversial new cryptocurrency, is still proceeding with a 2020 launch. Libra Is Still Moving AheadLibra was first announced in June to widespread criticism. As Facebook was just beginning to relieve itself from its previously embarrassing fiasco involving Cambridge Analytica in 2018, the company unveiled new plans for a cryptocurrency that could be used as a...

Digital Currencies: The Rise of Stablecoins Der Internationale Währungsfonds hat die Stablecoins für sich entdeckt Coins, die beispielsweise an Gold oder den Dollar gebunden sind und deren Wert somit nicht wie eine Achterbahn rauf und runter geht. In seinem Blogeintrag „Digital Currencies: The Rise of Stablecoins“ erkennt der IWF nun die Vorteile der Stablecoins an: Durch...

Today, users of Portal from Facebook have more options available to them to connect with their loved ones and friends, no matter how wide the distance between them is. With the following three new additions, Portal, Portal Mini, and Portal TV, users can expect more when it comes to video-calling.Availability and CostFollowing the addition of the Portal TV, the Portal family is set to be accessible to more countries, aside from the US and Canada, such as France, New Zealand, Australia, Spain,...

The conspicuous absence of even a single bank as a founding member of Facebook’s cryptocurrency project was never “intentional," according to the co-creator of  Libra, David Marcus. Facebook, he said, would love to have banks involved. No banks in Libra Association? No worries In an interview with Swiss newspaper Neue Zurcher Zeitung, Marcus revealed that banks were put off by the lack of regulatory clarity. This could change when new members are inducted: "First of all, financial...

On Sept. 19, the Committee on Financial Services came to an agreement that the topic, “Oversight of the Securities and Exchange Commission: Wall Street’s Cop on the Beat,” would be the topic of discussion and Sept. 24 was chosen as the D-day, which is, just for a reminder, the day after Bakkt launch.This hearing will consist of the chairman of the SEC, Jay Clayton, Commissioner Hester Pierce, who is also known as Crypto Mom, and three other commissioners.Will Libra Make It Into the List of...

Changchuan Mu within the educational lectures touches a range of cryptocurrency questions starting from the recently announced People’s Bank of China (PBoC) digital currency to the vast expansion of Facebook‘s Libra. Also, he compared Libra to the PBoC digital currency, stating that the Chinese new currency is even better than Libra in several aspects. Mu believes that at this point, Libra already might be unstoppable and that it is “highly unlikely” that someone can stop people from buying...