Libra (LBA) & Facebook

Founded by Mark Zuckerberg and a few of his friends back in February 2004, Facebook has become the world’s largest social media platform and social networking service company. Today, the company has more than 2 billion active users and is also the second biggest platform for digital advertising only behind Google.Along with Amazon, Google and Apple, Facebook is regarded as one of the big four tech companies and has consistently maintained a monopoly in the social media space. However, even...

One of the greatest technology companies on the face of the earth IBM has indicated its willingness to work with social media giant Facebook on its cryptocurrency Libra. In a CNBC interview on Monday 23rd September 2019, the Blockchain services of the firm Jason Kelley indicated his organization’s willingness to work with just about anybody in the crypto space. He said:“Blockchain is a team sport… Our clients are ready to work with (Facebook) and we’re ready to work with all of them to bring...

Photo: CTRL-labsFacebook said on September 23 that it agreed to acquire New York-based CTRL-labs. The acquired startup is creating a wristband that will let people communicate with computers using brain signals. Thus, the new device will let people control digital devices using their minds.CNBC reported that the deal is estimated to be worth around $1 billion. However, a Facebook spokesperson said that it is lower than the reported $1 billion. Andrew Bosworth, the Facebook Vice President of...

When Bakkt was first announced last year, the entire crypto community welcomed it as a great addition to the sector, hoping that it will have enough power to propel the industry considerably higher. However, even though many think it’s still a little too soon to judge, the first day of Bakkt’s launch has not exactly been encouraging as the overall market has dropped in valuation in response to Bakkt’s weak first day.After the first hour, Bakkt recorded only about five contracts and even 9...

Facebook Libra: Facebook plant die Einführung einer Weltwährung. Der Start erfolgt im Januar 2020. Was ist das Problem von Bitcoin? Er schwankt im Wert. Deshalb hat Facebook jetzt seinen Währungskorb vorgestellt, um seine Digitalwährung Libra abzusichern: Der ganze Korb soll aus Bargeld und Staatsanleihen bestehen, die jeweils in Prozent auf einzelne Währungen verteilt sind 50 % in US-Dollar aus den USA, 18 % aus dem Euro-Raum, 14 % aus...

The People’s Bank of China (PBoC) announced that the long-awaited central bank-issued digital currency will not be ready in November as it had been predicted in crypto circles. From the bank, they added that reports saying Alibaba and Tencent are among the first financial institutions to receive the currency was incorrect.This came as a surprise because just few weeks ago we could hear that it will “be better than Libra“, and they even enthroned their new digital currency chief Changchun Mu...

Reports indicate that the U.S. dollar will have the largest representation in the basket of currencies that will underpin Facebook's forthcoming Libra cryptocurrency, sparking renewed fears that the greenback's reserve-currency status will be upended by the social media network. Dollar Will Dominate Libra’s Basket of Currencies According to Spiegel Online, the U.S. dollar will make up half of the basket. The other currencies that will make up the rest of the basket are the euro (18%), yen...

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...