Cryptocurrency Analysis and News Portal
The renowned Chinese internet-based technology conglomerate, Tencent Holding, joined the queue earlier in the week when it released its blockchain whitepaper for 2019 that suggests Facebook’s cryptocurrency Libra poses as much threat to the current digital payment systems as much as it does to the traditional financial world.Before now, Facebook’s
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CryptoX’s official Facebook page, boasting more than 730,000 followers, has been banned by the social media giant, while the cause remains unclear.On Sept. 18, our page was removed from the platform’s search results. Consequently, CryptoX has been unable to publish anything on the account for over a month now,
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Mark Zuckerberg, the founder of social media giant Facebook, plans to tell United States Congress that Libra will not launch anywhere in the world until U.S. regulators approve it.Libra won’t launch anywhere without Congressional approvalPer Zuckerberg’s prepared remarks released on Oct. 22 in advance of planned hearings before the
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Good news for Facebook’s crypto project for once. Libra got one of its first notable political pats on the back on Thursday from the Republican Senator from South Dakota Mike Rounds. This was first divulged to the public in a tweet by the popular digital assets custodian Anchorage.Anchorage, which has
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Finance ministers of the G20 nations met on Friday to discuss cryptocurrencies and agreed on a strict framework that curbs the powers of cryptocurrencies such as Facebook Libra. In unity, all members agreed that no stablecoin will be allowed to operate unless the financial risks that these entities pose have
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Facebook is reportedly open to the idea of using national currency-pegged stablecoins for its forthcoming Libra project.According to Reuters on Oct. 20, David Marcus, the head of the Libra project for Facebook and CEO of Facebook’s wallet service Calibra, said that Libra could use various fiat-based stablecoins, instead of
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Facebook’s cryptocurrency project, Libra, has announced the selection of a five-member board on Monday. The company has dismissed the recent turmoil over several prominent members leaving, the latest one being an online travel company called Booking Holdings.The head of policy and communications representing the Libra Association, Dante Disparte, says that
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Libra, the highly-scrutinized planned cryptocurrency led by Facebook (NASDAQ:FB), officially launched in Geneva yesterday despite several high-profile defections from the project last week. Libra Launches With 21 Chartered Members The Libra Association, the non-profit governing body of the digital currency, officially signed on 21 charter members at a meeting at its Swiss
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Finco Services of Delaware has initiated a lawsuit against Facebook in a New York court, Oct.10, over the swirly tilde logo Facebook uses for its Libra token. The plaintiff is also suing its former designer, who did the logo work for Facebook, for reusing the design.Looking for a logoFinco
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Lucas Geiger, the co-founder of blockchain startup called Wireline, announced that companies and organizations can create their own versions of crypto projects based on Facebook’s cryptocurrency Libra, called OpenLibra.The announcement was made at the Ethereum developer conference Devcon where Geiger claimed that OpenLibra would work as a stablecoin to the
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