On Friday, the Bank of England’s governor made a comment that was music to the ears of Bitcoin and crypto proponents. BITCOIN IS THE FUTURE 🙏🏽 pic.twitter.com/ITdKsG9HJ5 — Pomp 🌪 (@APompliano) August 23, 2019 According to reports from Reuters and Bloomberg, Mark Carney dropped a bombshell on a group fo central bankers and press at…
Binance Coin (BNB) down 12.1 percent Libra coin may be available at Binance upon launch in 2020 The exit of US clients will shave Binance’s trading volumes. To counter that, they may end up listing Facebook’s Libra upon roll out. Talks are in a preliminary stage. Meanwhile, BNB is down 12.1 percent from last week’s…
The fallout from last week’s US senate hearings on Facebook’s Libra project is still being felt across the crypto ecosystem. Many are blaming the social media giant for Bitcoin’s recent correction but in reality it is just part of the natural rhythm of the market. Bitcoin Back at Four Figures Following a week of consolidation…
A massive outage on Facebook and Instagram revealed hidden “tags” given to users photos on the popular social media platforms – tags that are used by the company to market to its users. It also may have revealed how their Libra cryptocurrency will become a Trojan Horse into user data. It’s to no surprise that…
As the pressure continues to pile on Facebook, the social media giant is still determined to forge ahead with its grand crypto ambitions. As it realizes that the journey ahead is not going to be a smooth one the company is looking at alternative ways of getting its own currency off the ground and a…
Going by recent headlines, it appears as though central banks around the world are planning to or in the process of creating their own digital currencies.The coins, by their disruptive nature, are bound to attract attention from these banks. And with Facebook’s plans to launch the Libra, there are ever-growing challenges to their monetary authority…
Following a couple of weeks of outright lambasting by US lawmakers, Facebook’s Libra crypto project appears to be cracking at the seams before it even gets off the ground. A fresh round of regulatory pressure has piled on this week from concerned countries around the world. Facebook Crypto Angst Escalates In the two months following…
Billionaire tech entrepreneur Mark Cuban is not a big fan of Facebook’s recently-detailed cryptocurrency-of-sorts. He says there may be repercussions from despotic leaders around the world if citizens start to use alternatives to national currencies. Cuban joins an increasingly noisy chorus of regulators, bankers, and other organisations concerned about the social media giant’s financial ambitions…
Bitcoin and the aggregated crypto markets plummeted over the past day after BTC failed to stabilize in the $13,000 region and incurred a sudden influx of selling pressure that sent it spiraling downwards. Naturally, the world was quick to try to pin this drop on some concrete event – rather than some technical reason –…
Facebook’s Libra project has been questioned by European Union anti-trust regulators. They are concerned about the project, popularly referred to as a cryptocurrency, restricting competition. Libra has been subject to immense scrutiny already from global policy and law makers. In fact, the company recently admitted that the regulatory pressure might force it to postpone or…