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One More Time About Libra: Future Money or Another Unsuccessful Project?
Forecasts   |   13.08.19  |  

Libra is the most popular crypto project in recent months. Bitnewstoday has collected some information about it and spoke to several experts asking if they believe in its success Five years ago, crypto enthusiasts were the object of ridicule. Nowadays,...

The People’s Bank of China Prioritizes The Development Of National Cryptocurrency
Legislation   |   05.08.19  |  

... and respond quickly to social problems. In all likelihood, the Central bank is giving priority to the development of the digital currency in response to the growing spread of cryptocurrencies globally, especially after the announcement of the Facebook Libra project. Back in early July, Central Bank Director Wang XIN said: “Libra could create a scenario under which sovereign currencies would coexist with U.S. dollar-centric digital currencies. But there would be in essence one boss, that is the U....

The Impact of the Libra Announcement on the Crypto Space
Guest-posts   |   12.07.19  |  

Almost four weeks after the Libra announcement the buzz has died down and a more rational assessment can be made. Giuseppe Gori expresses his stance on the project of Facebook Almost four weeks after the Libra announcement the buzz has died down and a more rational assessment ...

Trump Criticized Cryptocurrencies. How Did The Markets Respond?
Cryptocurrencies   |   12.07.19  |  

... the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!” In addition, Trump criticized the Facebook Libra cryptocurrency project and proposed that US regulators regulate the social network giant. ....Similarly, Facebook Libra’s “virtual currency” will have little standing or dependability. If Facebook and other companies want to become a bank,...

Japanese FSA Sees No Barriers In Approving Facebook Libra
Legislation   |   02.07.19  |  

According to the regulator, Libra "most likely will not be a cryptographic asset (virtual currency)" The leading financial authority in Japan said that the Facebook Libra project is likely to be approved. The Nikkei agency reports that the FSA sees no legal obstacles ...

TOP-5 Forecasts on Libra Impact on Decentralised Finance (DeFi) Industry
Forecasts   |   02.07.19  |  

... until today, the Facebook announcement to launch their own cryptocurrency is the most discussed event in the crypto community in 2019. How will it impact the industry? At least until today, the Facebook announcement to launch their own cryptocurrency Libra is the most discussed event in the crypto community in 2019. In this article, I will not analyse Libra from a technological point of view, because at least for me there is no technological novelty, but I will make my TOP-5 forecasts of how this ...

Binance is Сonsidering Becoming a Facebook Libra Node
Exchanges   |   28.06.19  |  

... an interview with the Cryptopotato outlet during the FinTech Junction conference in Tel Aviv The Chief Strategy Officer of Binance Gin CHAO noted that the company is considering the possibility of becoming a node for the recently announced Facebook Libra cryptocurrency. He stated this in an interview with Cryptopotato outlet during the FinTech Junction conference in Tel Aviv. “We’re definitely considering it. And so, we would like to throw our hat in the ring. Whether or not we will become ...

Bruno Le Maire Demands Guarantees From Facebook Libra
Legislation   |   19.06.19  |  

... digital giants, to make sure that they do not end up in monopolistic situations." Facebook released cryptocurrency and blockchain-based financial infrastructure project on 18 June. The stablecoin is planned to operate on the native and scalable Libra blockchain, and be backed by a reserve of assets ostensibly “designed to give it intrinsic value” and mitigate volatility fluctuations. Image courtesy of European Union