Tag Archives: Libra

Bitwise Bitcoin ETF proposal has been withdrawn. The cryptocurrency asset management firm indicated that it had submitted a note to the U.S. SEC. Bitwise said that the withdrawal request is “consistent with the public interest and protection of investors”. This shows that the firm is studying the situation at this time. The global head of research told:“We did indeed withdraw the application. This is a procedural step, and we intend to refile our application at an appropriate time.”It also...

Instagram’s Boomerang has received an upgrade. Apart from looping, users of the social networking platform will be able to do a bit more with their videos. The platform has introduced new tools to try to compete with TikTok.The features have been expected by many users. One of the features is the trimming effect. This improves playback control for videos when editing. Other effects include “SlowMo” which reduces playback by 50%, “Echo” which produces blurry playback and “Duo” which produces...

If there’s one thing that is absolutely sure about the general Bitcoin community, it’s the bullishness. BitPay Chief Commercial Officer Sonny Singh has now added to this bullishness with a $20,000 Bitcoin prediction for 2020. Singh has joined a long list of industry enthusiasts who believe the sky is only the beginning for the world’s king coin.$20,000 Prediction for Bitcoin in 2020In a recent conversation with Bloomberg’s Taylor Riggs which took place on Wednesday, Singh spoke quite...

2020 could quite easily be a great year for FAAMNG stocks if things continue the way they currently are. FAAMNG comprises Facebook (FB), Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), Netflix (NFLX), and Google’s parent company Alphabet (GOOG and GOOGL). These are the biggest tech and internet stocks in the world.FAAMNG Stocks in 2020A publication from The Arora Report shows the current money flow into these companies via their stocks. Dividing each stock into several data points, the table...

Facebook’s CEO Mark Zuckerberg unveiled his vision for 2030, but also a whole bunch of decade-end aims for his social media Goliath, including an extensive “opportunity” for Facebook to “decentralize” finance and business.He wrote in a post:“Over the next decade, we hope to build the commerce and payments tools so that every small business has easy access to the same technology that previously only big companies have had.”As the reader could further see, in this vision are included Instagram...

The slightly negative attention from institutions towards Facebook’s Libra continues with the German Central Bank’s President Jens Weidmann, saying that they have to slow it down with further regulations. He also notes that banks must improve their payment systems and the E.U. should be more considerate regarding launching e-euro.Weidmann On Digital EuroEver since Facebook announced its plans to create a stablecoin, dubbed Libra, the world has turned its attention towards this sort of digital...

On Thursday, TON founders received an order to open their TON ICO documents to the investigators. The order came via a court filing by the U.S. regulator. Per the document:“Plaintiff respectfully moves to compel Defendants to answer questions and provide documents regarding the amounts, sources, and use of funds raised from investors in connection with the unregistered sale of securities at issue in this case.The requested bank records are highly relevant to the issues in dispute in this...

2019 is coming to an official close, and it’s been a crazy year for bitcoin and its crypto counterparts. In an end-of-year series, let’s examine some of the biggest stories that have occurred over the past 12 months and how they’ll possibly influence the crypto industry’s behavior in 2020.Bitcoin and Its Ongoing VolatilityIt can be argued that 2019 was a year of major volatility for bitcoin. After all, the currency started out at a mere $3,500 – where it remained until April. Bitcoin had...

Not long ago, it was reported that Libra was looking to make a new home in Switzerland. Well, it appears now that even Switzerland is looking down on the project, claiming that it’s not as strong as it should be.Libra and Switzerland Aren’t Friends AnymoreThese words came from Ueli Maurer, the country’s finance minster and outgoing president. He considers Libra something of a failure in its present state and doesn’t believe it can change the monetary system as it is. He also said that it...

Swiss outgoing President and Finance Minister Ueli Maurer said on Friday that Facebook’s Libra project “failed in its current form and needs reworking to be approved.”He said:“I don’t think Libra has a chance in its current form, because central banks will not accept the basket of currencies underpinning it. The project, in this form, has thus failed.”Regulators all over the world have been worried that Libra would possibly increment the risk of money laundering and criminal actions through...