Facebook is an online social media and social networking service platform, developed by Mark Zuckerberg. Facebook has faced many controversies involving user-privacy, including the Cambridge Analytics data scandal, and the spreading of other political and conspiracy theories on its platform. Facebook planned the launch of its new currency, Libra in 2019.
People’s Bank of China Announces Its Digital Currency is Ready
The central bank of China has announced that its digital currency can now be said to be ready. Speaking in a major event, the China forum as reported by local news site Shanghai Securities News on August 10, the deputy director of the people’s Bank of China (PBoC) Mu Changchun stated that over five years of rigorous research work has been put into creating a prototype that adopts the Blockchain architecture
Facebook’s Libra Likened to 2008 Subprime Mortgage Fiasco
Senator Brown compared Facebook's Libra to the subprime mortgage scenario. His sentiments show the divided debate facing the Libra project.
Bitwise: Facebook’s Libra Moved Bitcoin and Cryptocurrencies Ahead by Three Years
A cryptocurrency index fund provider Bitwise based in the US is of the opinion that the Facebook-owned stable Libra has accelerated the growth of cryptocurrencies by three years.
China’s Central Bank Accelerates R&D of its Legal Digital Currency
People's Bank of China, the Central Bank of China made an announcement of the acceleration of the development of its legal digital currency.
Singapore’s Central Bank Raises Alarm About a Bitcoin Scam
Singapore’s Central Bank enlightens the public about a Bitcoin Scam with a supposed initiative known as Bitcoin Loophole where investors’ trades are run.
Articles of the Month - July 2019
We are proud to present the “Articles of the Month” Awards of July 2019 to 3 unique articles! This is a monthly reward and selected articles will be awarded 100 contribution points (CP).
Will Facebook Ever Be Able to Launch Libra?
In recent speculation, Facebook has acknowledged that there are several regulatory issues that are preventing the progress of launching Libra globally.
Huawei’s CEO Responds to Facebook: China Can Issue Its Own Libra
Ren Zhengfei, CEO of China’s Huawei believes that China can create their own digital currency in response to Facebook’s Libra.
Weekly Market Snapshot - July 22, 2019
Here is what you need to know about the crypto market last week.
Blockchain Investment Dropped 60% in 2019 despite Bitcoin's Bullish Run
Blockchain investment dropped 60% from a record 4.1 billion in 2018 to 1.6 billion this year, according to the findings of CB Insights reported on Bloomberg 18 July.