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Youngest Bitcoin Millionaire Unveils Facebook Libra ‘Killer’

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 bring […]

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Facebook Plans to Launch “GlobalCoin” Cryptocurrency in 2020

Since the inception of digital currency, many brands and platforms have been trying to create their own unique form of cryptocurrencies with the sole aim of making financial transactions more comfortable than what it is today.In this light, Facebook is also planning to launch its own digital currency in early 2020, and if you think […]

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Bitwise: Facebook’s Libra Moved Bitcoin and Crypto Three Years Ahead

United States-based cryptocurrency index fund provider Bitwise declared that Facebook’s Libra stablecoin accelerated Bitcoin’s (BTC) progress by three years in a letter to investors published on its website on August 1.Libra Attracted Attention To BitcoinIn the letter, Bitwise’s global head of research Matt Hougan said on behalf of the company:“Thanks to Facebook’s Libra and Congress, […]

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Why Facebook’s Libra Cryptocurrency Will Be Bad For Everyone

Last month, Facebook announced the launch of a new cryptocurrency, which it plans to call Libra. Digital money is a growing trend, and Facebook is always looking for ways to expand into new markets. Until now, governments have not stood in its way, so it may have been a shock to the social media company’s […]

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Bitcoin vs Libra: Here Are The Key Differences Between The Two Cryptocurrencies

Facebook has made headlines of late with its plans to create a cryptocurrency.The social media company has been forced to defend the project on Capitol Hill, amid regulatory concerns around data privacy and potential illegal usage, while the G-7 has warned it poses “serious” legal risks.It’s an experiment in monetary systems for the digital age, […]

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Reasons Why US Government Won’t Ban Libra Cryptocurrency

Things are heating up for Libra: This week’s United States congressional hearings showed that many politicians are not convinced by the safety aspects of Facebook’s cryptocurrency project, as they grilled the social media giant on privacy- and trust-related issues. In response, Facebook keeps stressing Libra’s compliance with regulators and readiness to discuss possible frameworks.Meanwhile, a […]

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Lawmakers Amp Up Pressure on Facebook to Halt Libra Cryptocurrency Development

U.S. lawmakers repeatedly pressed Facebook’s top blockchain executive to halt development of the Libra cryptocurrency during a contentious hearing on the project Wednesday.They didn’t get far.David Marcus, the CEO of Facebook’s subsidiary Calibra, reiterated his promise that Libra would not launch until regulators’ concerns were fully addressed. But he stopped short of committing to freezing […]

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Facebook’s Laughable Move To Repair The Fatal Flaws Of Blockchain

Facebook’s Libra faces the daunting task of pulling off the flawless world-wide launch sometime next year of a new cryptocurrency based on new code. In taking on this task, they are hoping to pull off a first in software history: a major body of new code that works out of the gate. I assess the […]

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Libra Forces A Distinction Between Cryptocurrency And Digital Securities

The buzz around digital securities (or security tokens) has never been higher in the financial industry, and neither has the confusion and misinformation been more evident.With Facebook’s recent announcement to create a cryptocurrency, a blockchain, and also do a security token offering (STO) all at the same time it’s more important than ever to clarify […]

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Treasury Secretary ‘Not Comfortable’ With Facebook’s Cryptocurrency as Bipartisan Hostility Grows

Facebook’s plan to launch its Libra cryptocurrency is facing considerable pushback from federal officials who’ve raised concerns about the prospect of it being used to skirt anti-money laundering rules and fund other illicit activities.House Democrats on the House Financial Services Committee have already circulated draft legislation aimed at barring U.S. tech companies with annual revenue […]

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