Tag Archives: Libra

Libra’s announcement earlier this year brought a lot of mixed reactions, but it also attracted a lot of attention towards the field, causing other teams to think in this direction. One of these is Saga Monetary Technologies’ token dubbed SGA, which will be launched on December 10th. SGA token will be pegged to the Special Drawing Right monetary reserve.A New Type Of StablecoinSaga Monetary Technologies announced the creation of SGA – a new type of stablecoin. It will start trading on December...

Various factors are known to limit the public adoption of cryptocurrency especially Bitcoin. For now, one cannot spend Bitcoin the same way they would spend fiat currencies. Sometimes converting crypto into fiat can be quite a challenge. Custodianship of crypto assets and wallet security are the other concerns for the average investors.Also, wallet and key security together with the undeveloped crypto ecosystem and economic precedent discourage institutional investors from joining the nascent...

Libra has been attacked from all sides, but now people are even starting say its introduction to the financial space was ill-planned.Libra Hasn’t Tried to Clean Up Its ActLibra first emerged last summer to mixed reception. Many users said they didn’t trust Facebook enough after the Cambridge Analytica scandal to give the company their financial data, and many politicians were concerned that Libra would potentially open the door to money laundering and other white-collar crime.However, others...

Congress Representatives were unhappy with Zuckerberg‘s attitude on his last hearing within a building of the House Financial Committee Services. Previously, Mark claimed that his company would not be trying to undermine the existing dollar-based economy. Yet, he wants Facebook to have its branded currency no matter what, working all over the Earth, with 200 million people as the “ready to go” audience. And even if the EU, Asia-Pacific and other tech-savvy gigs start developing much better,...

Coinspeaker PayPal Announces Acquisition of Honey Science Corporation PayPal has announced that they reached an agreement for acquiring Honey, the money-saving browser extension and app. PayPal Announces Acquisition of Honey Science Corporation Continue reading at Coinspeaker

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The CEO of PayPal, one of the world’s largest and most established online payment processors, has revealed in an interview that he owns Bitcoin and no other cryptocurrencies. He also talked about Libra and why his company decides to withdraw from the project.PayPal’s CEO Owns BitcoinIn a recent interview with Fortune, the CEO of PayPal, Dan Schulman, shared his views on cryptocurrencies and revealed interesting insights about the work his company is doing in the field.He said that there is a...

Swiss Cyber Security Days Zusammenarbeit mit dem WEF Center for Cybersecurity (c4c) und renommierte Referenten an der Ausgabe 2020 Führende Experten im Bereich Cyber Security treffen sich am 12. und 13. Februar 2020 wieder in Freiburg. Die zweite Ausgabe der Swiss Cyber Security Days (SCSD) befasst sich mit dem Thema Vertrauen in eine hypervernetzte, digitalisierte Gesellschaft. Die Digitalisierung ist in den letzten Jahren stark...

Several crypto and blockchain companies out there are looking to ensure the unbanked garner the financial services they need. Sadly, many of these companies have died and no longer exist, though some, like Bit Spark, have managed to retain their positions in the digital finance space to ensure their goals come to life.Bit Spark Has Made a Real Name for ItselfBit Spark was created roughly five years ago. The company came to fruition through an initial coin offering (ICO) that garnered the...