As if Facebook and Project Libra do not have enough to worry about after two weeks of vociferous bashings from government officials across the globe, now four separate consumer groups have banded together and penned a letter condemning Libra and urging its 28 members and owners to withdraw from the project. The consortium of consumer…
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The Bitcoin train just keeps chugging along, refusing to pull back sharply, as some analysts of note have suggested, and setting a new high for the year in the process. There has been a great deal of “hype” in the press this week regarding Facebook’s published plans for its proprietary crypto “Project Libra”, which will…
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Where is the 30%+ correction in Bitcoin prices? It was certainly not present during weekend trading, as the world’s favorite cryptocurrency bolted past $9,000, climbed to $9,388, pulled back, only to repeat its magical mystery tour once more. The ensuing attack on what many analysts have claimed to be an inordinate concentration of profit taking…
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Facebook plans to launch its own cryptocurrency, a coin called GlobalCoin in 2020. The news report comes from BBC. The cryptocurrency will reportedly become available in several countries in the first quarter of 2020. However, trials are going to start by the end of 2019. Facebook's cryptocurrency and blockchain initiatives are some of the most…
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Facebook (NASDAQ:FB) continues to move its crypto initiatives forward, primarily on the sly, unless they funnel a leak through either Bloomberg, the New York Times, or the Wall Street Journal. Not known for disguising its presence in a market, the social media giant has chosen to operate its highly anticipated Project Libra out of Switzerland,…
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