Tag Archives: Libra

Photo: ShutterstockWhen Facebook announced it is going with its own cryptocurrency Libra back in June, the CEO of Ripple Labs Inc., a US-based technology company, Brad Garlinghouse, was one of its first open supporters.Actually, he was so thrilled by the whole project and all the ‘fuss’ it had gathered in the crypto community that he decided to send the champagne to the Zuckerberg & Co.Be it as it may, a hard times has come to Libra, even before it actually came to circulation. As we had...

Telegram – the encrypted chat system that now boasts more than 30 million users – is partnering with crypto custodian platform Anchorage to ensure Telegram’s new cryptocurrency, the gram, is added to its list of token offerings.Is Telegram Set to Conquer Libra?Anchorage is one of the 28 governing bodies in the Libra Association. The bad news is that recently, PayPal – which has been one of Libra’s primary supporters through David Marcus, a former PayPal exec and the head of Facebook’s...

Facebook’s forthcoming digital currency, the Libra, is probably the most uncertain project in the cryptocurrency industry at the moment. Ever since the company announced its plans to issue the asset, there has been significantly heavy backlash both from the public and also from the U.S. Congress, so much that the earlier proposed date for early next year is quite shaky, if not completely impossible. Now, a crypto futures exchange firm seems to be taken advantage of all the uncertainty of the...

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...

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...