Facebook has been grilled today at a Senate Banking Committee hearing over its cryptocurrency project Libra. As part of the hearing, a representative for the social media giant claims the firm has been in contact with a Swiss agency to oversea data protection and user privacy. However, it has emerged that the firm has not…
They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits…
Bitcoin (BTC) under pressure, down 8.1 percent Q1-2 2019 marked the end of the crypto winter There is growth and Bitcoin ecosystem is improving. Corporations are sinking millions toward blockchain infrastructure development. At the same time, fund managers can capitalize on BTC’s volatility to register extraordinary gains. At the time of press, BTC is shaky…
Calibra, the digital wallet Facebook designed to be used with its cryptocurrency Libra, has now been renamed to “Novi.” The company established a new subsidiary, Novi Financial, that will be tasked with developing the newly rebranded wallet.Libra’s Old Digital Wallet Gets a New IdentityFacebook’s highly contested digital currency Libra has been in the process of…
Over the past few weeks, Ethereum as a network has seen a spike in transactions and active users.Just days ago data from Santiment indicated that the number of daily active addresses passed a two year high. Simultaneously, the number of daily confirmed transactions ticked past 1,000,000, making many think back to the 2018 bubble.Fees, though,…
Bitcoin (BTC) is crumbling The success of Facebook’s Libra instrumental for Bitcoin Under attack for their reckless past, the success of Facebook will be immense for cryptocurrencies and Bitcoin. Even so, privacy is prime. Safeguarding personal data is a top priority. At the moment, the secure BTC is stable, bouncing back after this week’s rout.…
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…
The incoming Governor of the Bank of England has once again said that Bitcoin buyers should be prepared to lose everything they invest. Andrew Bailey, formerly the chair of the FCA, says that the digital asset lacks “intrinsic value”.Bailey has expressed very similar sentiment previously. In fact, the last time he did was three days…
Vodafone has become the latest major company to withdraw from Facebook’s Libra cryptocurrency project. The telecoms firm joins eBay, Mastercard, PayPal, Stripe and Visa in quitting the association set up to develop a new global currency that would work across Facebook’s suite of apps. “We have said from the outset that Vodafone’s desire is to make…
A cryptocurrency entrepreneur who became a bitcoin millionaire when he was still a teenager has launched a new venture that he claims will "kill" Facebook's Libra. Erik Finman, 20, says peer-to-peer platform Metal Pay will be the first "all-in-one" cryptocurrency payments app and will change the way people send and receive money. “We’re going to finally…