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…
The UK information commissioner has expressed concerns over Facebook’s cryptocurrency-like project, Libra. Elizabeth Denham says that the San Francisco-based firm has not provided enough detail about how it will keep personal information safe. The British privacy regulators are the latest on an increasingly long list of agencies from around the world that have taken issue…
A number of surveys have indicated that most US and UK adults couldn’t care less about Facebook’s so-called cryptocurrency. Not only do they suggest that people won’t bother to use Libra but that those surveyed remain understandably sceptical of the social media company following recent scandals. Some in the cryptocurrency space had lauded Facebook’s entry…
The past few weeks have been an absolute flurry for the crypto space. Facebook’s launch of Libra awoke something in the public, forcing anyone and everyone to take note of this budding industry. Related Reading: Fresh Bitcoin Uptrend May Start in September, But Drop to $7,000 Could Precede Bull Run Case in point, the chief…
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…
All this week, the crypto market has been under a microscope both by politicians with regulatory power, and throughout the entire crypto community hoping to determine what long-term implications Facebook’s Libra will create for Bitcoin now that policymakers are up in arms over the asset class. Following a negative tweet from United States President Donald…
According to Mati Greenspan, Libra has garnered some support at long last, and from an unlikely figure no less. Citing a recent article, which he translated via Google, the eToro analyst noted that the President of the Bundesbank, the central bank of Germany, lauded the Facebook-backed crypto project. Hot off the German press… The President…
Sentiment across the United States pertaining to the crypto market is at an extreme low, despite Bitcoin rallying above $10,000 and kicking off what appeared to be yet another bull run for the bubble-bound crypto asset. The fear and panic stems from tweets originating from the United States President, Donald Trump, condemning crypto, Bitcoin, and…
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 Japanese government has started developing a crypto payments platform similar to SWIFT according to reports. The effort has come as part of a wider spread initiative to combat money laundering. SWIFT Not So Swift According to Reuters, citing ‘a person familiar with the plan’, the international network for crypto currency payments will rival SWIFT…