Libra is a permissioned blockchain digital currency proposed by the American social media company Facebook. The launch is planned to take place in 2020.
The project already faces criticism and opposition from the central banks. US regulators have also expressed their concerns and requested an audience with Facebook and the halt of all development on the Libra project.
Steven Zenios27/11/2019
Bitcoin took a dive this week below $7,000, following the downtrend of BTC by $2,000 from $10,000 in September 2019.
Steven Zenios29/10/2019
Crypto exchange Binance, one of the largest in the world, has announced its plan to launch a new coin called Venus.
Christopher Zenios25/10/2019
After much scrutiny from lawmakers and setbacks with the withdrawal of initial partners like MasterCard, Visa and PayPal, Facebook is facing scepticism about Libra and how it could be used.
Christopher Zenios24/10/2019
In the past week, there have been ups and downs in the world of Fintech and Technology and in this article, we will give insight as to what’s happening lately.
Samuel Oskys24/10/2019
The Libra project attracted scrutiny from regulators from both the US and EU, who questioned how the cryptocurrency will be regulated and if Facebook should be trusted to develop its own currency with a history of privacy scandals.
Steven Zenios23/10/2019
European Central Bank director Benoit Coeure said in an interview that the global financial regulators have no plans to ban Facebook's Libra. However, these digital currencies will have to meet the highest regulatory standards.
Samuel Oskys17/10/2019
Things look uncertain for Facebook’s cryptocurrency project, with the exit of many companies in the last few weeks.
Steven Zenios09/10/2019
Facebook’s cryptocurrency project Libra has many supporters but now has one less as PayPal has pulled out dropping Libras associates to 27.
Steven Zenios28/09/2019
International IT giant IBM expressed how they look forward to collaborating with Facebook and working on cryptocurrency Libra.
Steven Zenios14/09/2019
Federal Reserve Chair Jerome Powell addressed a forum sponsored but the Swiss Institute of International Studies in Zurich where he answered questions about cryptocurrencies.
