Tag Archives: Libra

Facebook CEO Mark Zuckerberg Facebook is going to come to Europe with an official visit this month. At the same time, FB stock is experiencing not the best period.Facebook (FB) stock continued to trade lower on Tuesday closing at $207.15 from the previous monthly high of $224. At the time of writing, the price was around $210. This comes as Chief Executive Mark Zuckerberg is preparing for visiting Europe to meet with EU officials in the course of the month.Facebook Stock Price Movements:...

Bitcoin price and the overall crypto market reacted positively after Fed Chairman Jerome Powell recently stressed on the importance of private crypto-based transactions. He said that the Fed is working on a number of projects for digital currencies.Bitcoin price surged over 5% on Tuesday, February 11, pushing it to a five-month high above $10,300 levels. With this move, BTC has surged nearly 50% since the beginning of 2020. At press time, BTC is trading 5.6% up for a price of $10, 304 with a...

Libra was first announced approximately eight months ago in June of 2019, and for the most part, the reception has been mixed.Why Is Libra Losing So Much Support?Many banks, regulators and members of the public have scoffed at the idea that Facebook – the parent company behind Libra – would seek to enter the financial fray. With so much scandal under its belt in the past two years alone, one wonders how such a venture could even exist, and that a company like Facebook would even dare to...

Lael Brainard’s remarks suggest the Fed’s more openness to digital currencies. The U.S. Federal Reserve is studying the feasibility of issuing a digital currency and the risks associated with that.United States Federal Reserve is researching the opportunities that central banks may get issuing their digital currencies. It was revealed by Lael Brainard, a member of the U.S. Federal Reserve’s Board of Governors.According to her, the digitalization of payments could be beneficial, but at the...

Ever since cryptos came into existence a decade ago, a lot has changed in the financial world. Many crypto proponents suggested a while back that digital currencies will soon take over the world. They said that cryptos will eventually render fiat currencies obsolete. However, new studies show that cash is unlikely to disappear ‘anytime soon.’Although there is declining use of cash as a payment method and the cryptos are surging, Deutsche Bank is convinced that money is here to stay. The...

Australia has a plan for tackling stable coins like Libra.Are Libra and Australia At It Again?Stable coin regulation will now be in the hands of Australia’s Prudential Regulatory Authority (APRA). As part of the Australian Council of Financial Regulators, the APRA has created what’s known as the Distributed Ledger Technology Working Group as a way of governing new operations and maneuvers in the industry of decentralized finance.One of the most controversial steps taken in recent years in the...

CV VC Top 50 Report: Crypto Valley in Schweiz und Liechtenstein zählt 842 Bitcoin und Blockchain Unternehmen Die Blockchain-Unternehmen im Crypto Valley haben an Substanz gewonnen: Die Zahl der Unternehmen erhöhte sich moderat auf 842 (erstes Halbjahr 2019: 810). Diese beschäftigen über 4’400 Mitarbeitende. Dies geht aus der vierten Ausgabe des CV VC Top 50 Reports hervor, der von der Investmentgesellschaft CV VC (Crypto Valley Venture...

For the longest time, executives of Libra have stated that users can expect a release date of 2020 for the coin. However, 2020 has finally arrived, and the project doesn’t look any closer to coming to fruition than it did roughly one year ago.Libra Could Be DelayedThe currency – first introduced in June of 2019 – has experienced its fair share of hard blows over the past seven months. For one thing, many people don’t trust the currency after all the dirt that’s gone down with Facebook, most...

Another major partner has left the Libra project in the dust. This time, the one making a grand exit is Vodafone, an international prepaid phone carrier.Libra Is Still SufferingLibra has had a very rough history. First introduced to users in June of 2019, the project has seen its fair shares of ups and downs (more downs, at this stage) and has been the subject of widespread criticism from international leaders and U.S. regulators alike.The company has also lost several big-name supporters...

An imminent discussion of digital currencies native to central banks of diverse countries has been sparked, and Facebook‘s Libra is at the heart and center of it.More than RippleRipple‘s flagship products leading cross-border payments might have been touted in the past as the leading catalyst for sparking conversations and implementation of digital currencies pegged to official national currencies. However, Facebook Libra has now officially taken center stage, eliciting more questions and...