Cryptocurrency Analysis and News Portal
Facebook is in new rounds of talks focused on discussing potential backings for its digital currency Libra.It was recently reported that Facebook has informed U.S. senators that it might not consider the Chinese Yuan as a potential contender for a backing of the cryptocurrency Libra. Facebook has submitted details of
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One of the biggest disruptions to the crypto space this year has been the announcement of Libra from the tech giant Facebook (NASDAQ:FB) back in July. The white paper published by the company about its cryptocurrency resulted in a lot of chaos and eventually led to turmoil in the crypto
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Social media giant Facebook, which is currently trying to get regulatory approval for its Libra stablecoin project, reportedly shared details regarding the project’s proposed backing reserves.According to a report by Bloomberg on Sept. 9, Facebook told United States senators about the backing reserves for the stablecoin — a type
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If it wasn’t for Bitcoin there would be no Libra. That much is self-evident, since Satoshi’s creation laid the groundwork for every crypto asset that’s followed. The extent to which
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Social media giant Facebook has hired two more lobbyists to aid the release of its forthcoming Libra stablecoin.As Bloomberg reported on Sept. 5, lobbying disclosures filed earlier this week revealed that William Hollier, the president of legislative and regulatory counseling firm Hollier Associates LLC, began lobbying for Facebook on
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The new breed of stablecoins led by Facebook’s Libra could be vulnerable to failure in periods of network stress. According to an analysis from JPMorgan released on Sept. 5, they lack the short-term liquidity of other payments systems, so usage could grow faster than the network can safely support.Transaction growth
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Venture capitalist Fred Wilson dissed Ethereum while praising bitcoin and brown-nosing Facebook's beleaguered Libra "cryptocurrency." | Source: ShutterstockVenture capitalist Fred Wilson is backpedaling after one of his many lame predictions blew up in his face. Again.This time, Wilson dissed Ethereum while praising bitcoin and brown-nosing Facebook's beleaguered Libra "cryptocurrency."The
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Ever since Facebook announced its cryptocurrency Libra, the social media giant has had to face wave after wave of backlash from regulators across the spectrum from countries all over the world. With that, Libra has essentially managed to put all cryptocurrencies in the crosshairs of these regulators.Now, lobbyists and supporters
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For the cryptosphere, August was marked by the hotly debated announcements of world giants regarding the releases of international cryptocurrencies. The People’s Bank of China (PBoC) announced the imminent release of a national digital currency, Walmart began developing its own blockchain, Binance launching the Venus project, and Pavel Durov’s
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The release date for Facebook’s upcoming cryptocurrency Libra has not been disclosed yet but the company is planning on an early 2020 release. To avoid any post-launch bugs, Facebook is now offering up to $10,000 per bug (depending on the severity) to people who can find a flaw in Libra’s
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