The crypto sphere has been awash with commentary on Libra this week. It has dominated mainstream and crypto media to such an extent that most are already sick of it. Bitcoin and crypto markets are completely unfazed though and continue to inch higher. Over the past 24 hours BTC has regained its composure and hit…
Bitcoin continues to trade at a 12-month high following Facebook's announcement that it plans to launch its own global currency to rival the US dollar. The Libra cryptocurrency is the first move from a major technology giant to take on bitcoin, which launched just over a decade ago. But far from unsettling the established cryptocurrency…
At long last, Facebook’s inaugural consumer-facing Bitcoin-related (albeit remotely related) project is upon us. To be announced on Tuesday morning, Libra (Reserve) is slated to be a stablecoin tied to a basket of traditional assets, presumably ensuring it is nothing like other crypto assets. Joining the social media giant in this venture are star massive…
The crypto and finance worlds are both patiently awaiting further news about Facebook’s highly anticipated cryptocurrency project, Libra, which is expected to be officially discussed in detail tomorrow. Prior to this announcement, multiple major analysts at global banks have shared their thoughts on what Libra could mean for both the company itself and for the…
Facebook has reportedly enlisted the help of industry heavyweights to support its up and coming crypto asset. This, it hopes, will answer concerns over privacy and centralization. The list of names includes Uber, Stripe, Visa, Mastercard, and Booking.com. But, is this enough to convince an already skeptical marketplace? Differences between Facebook’s #GlobalCoin and #Bitcoin https://t.co/M5AR4naLh8…
BCH down 3.7 percent Facebook’s Global coin will disrupt public chains like Bitcoin cash Because of Facebook’s broad base and active users exceeding 2 billion, the Global coin is an existential threat to Bitcoin Cash. Currently, BCH is consolidating against the USD, down 3.7 percent. Bitcoin Cash Price Analysis Fundamentals Perhaps, for the neutral, Bitcoin…
The inventor of the reality television programme “Big Brother”, John de Mol, has sued Facebook over its negligence in policing the advertisements it allows on its platform. The Dutch billionaire has been the face of a fake advertising campaign for a Bitcoin investment platform. De Mol is not the only celebrity to have had his…
At long last, some of the world’s largest companies are delving into on crypto and related technologies. The past weeks have seen news arise that some of the world’s largest institutions in TD Ameritrade and Fidelity continue to scale into Bitcoin. What’s also important is that giants of the technology world also continue to foray…
The launch of a crypto-like-currency by social media giant Facebook has been the topic of many discussions in the Bitcoin and digital asset space recently. However, little was known about it outside of the company developing a mysterious blockchain department and rumours about a WhatsApp-based digital coin being launched by the firm. According to a…
There’s no question that the crypto industry has been growing by leaps and bounds over the past year, regardless of persisting bear trend that has sent overall market sentiment towards rock bottom. One indication of this growth has been the large and growing trend of social media giants entering the industry, and because social media…