Tag: facebook

Bitcoin is currently more valuable than all but six of the world's publicly traded companies.

Mezrich, who wrote the book that became "The Social Network," says that movie failed to present the real Winklevoss twins.

Reading Time: 2 minutes German finance minister Olaf Scholz has called Facebook’s Libra token “a wolf in sheep’s clothing” Scholz has been scathing about the proposed token since its launch, concerned by the impact on monetary sovereignty Scholz added that governments...

The fintech named Diem will send a cease and desist letter first to protect its brand name.

Facebook's testnet has been live for over a month as the Libra Association prepares for the next stage with broader participation among members. Facebook's Libra Moves a Step Ahead The latest update from the blockchain explorer finds the network performing at an average of six...

Reading Time: 2 minutes The Libra Association has rebranded to the Diem Association The name change seems to be an attempt to remove direct connection to the Libra name The Libra Association and Libra coin itself have changed hugely since the whitepaper in 2019...

The Facebook-backed project makes an attempt to distance itself from the old vision.

Facebook's Libra cryptocurrency project has been rebranded to "Diem" in a new strategic move. The Diem Association announced the name change on its website on Dec. 1, 2020. Diem Is More Mature Since its inception, the project has been heavily criticized by regulators because of Facebook's...

A scaled-down version of Libra is reported to be launched in January, but the regulatory path forward is still unclear.

Reading Time: 2 minutes Facebook’s Libra token could be set for a January launch, 18 months after its announcement The new coin could be vastly different from the original concept The new Libra may be backed only by the dollar as opposed to a basket of currencies...

Bitcoin and cryptocurrencies are once again a hot topic, being discussed across the broader financial space the most since Facebook's Libra cryptocurrency was first announced. On the heels of the recent resurgence in the crypto market, rumors suggest that Facebook could be ready to launch Libra as early as January 2021. What sort of impact would its launch have amidst the recent Bitcoin...

After facing lengthy backlash from regulators worldwide, a pared-down version of Facebook's Libra project will finally launch in January 2021. Zuckerberg's Libra Takes Flight According to the initial white paper, Libra Coin was described as a coin pegged to a composite of multiple fiat...

The world’s largest social networking platform is planning to launch its digital currency in a limited format.

Libra might eventually get off the ground as early as January albeit in a more limited format.

David Gerard on his new book, "Libra Shrugged: How Facebook Tried to Take Over the Money."

A sell-off in the technology stocks this week didn't spill itself onto the Bitcoin market. That was surprising, particularly because tech equities took up roughly 30 percent of the S&P 500 index. Meanwhile, the US benchmark index constantly proved its erratic but positive correlation with Bitcoin. Both markets moved in sync as investors stepped away from...

Reading Time: 2 minutes David Marcus, head of Facebook’s Libra project, has said that cryptocurrency adoption has “turned a corner” Marcus alluded to the pursuit of Bitcoin by banks and PayPal’s new cryptocurrency platform Libra helped push cryptocurrency into the...

The consortium now has 28 members including Facebook.

Facebook has demonstrated tremendous resolve in trying to launch its ambitious Libra crypto payment network. The plan, however, faces a few major hurdles. The first is that Facebook has a long way to go before it can win back public confidence. It lost a great deal of it during the infamous Cambridge Analytica scandal. It exposed its data collection and mining irregularities. As...