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Anonymous Developer “Forks” Libra Blockchain

June 22, 2019 by Edoardo Vecchio at News, Tech

Adding to the swathes of problems and criticisms that have come since the release of the Libra whitepaper, Facebook's crypto project. An anonymous developer has forked the Libra code and proposed a more privacy-oriented alternative. Subsequently the startup accused Facebook of having copied their logo for the project Calibra. Libra...

Ripple’s CEO Believes Facebook’s Libra is a Net Positive for Crypto

June 21, 2019 by Ashwath Balakrishnan at Altcoins, News

Brad Garlinghouse, the CEO of Ripple Inc, is bullish on cryptocurrency adoption stemming from the potential to attract billions through Facebook's latest cryptocurrency launch. In an exclusive interview with Fortune, Garlinghouse declared that more banks have come forward to enquire about using xCurrent and he believes the increased interest is a...

Facebook Project Libra on a Board with details about what it does

Project Libra: A Summary of What’s to Come

June 19, 2019 by Ashwath Balakrishnan at Altcoins, News

The biggest headline in crypto this month has been the launch of Project Libra by Facebook, which was announced along with a published whitepaper. Binance Research studied the whitepaper and drew their conclusions as to what Facebook is trying to achieve with their cryptocurrency, June 18, 2019. The Biggest Mainstream...

Facebook Releases Libra Cryptocurrency Whitepaper; Crypto Community Reacts

June 18, 2019 by Aisshwarya Tiwari at Adoption, News

On June 18, 2019, Facebook released the whitepaper of its highly-anticipated Libra cryptocurrency project, which is tipped to transform the blockchain and cryptocurrency industry forever. Libra Whitepaper According to the technical document, “Libra” will operate on Facebook’s in-house blockchain network called “Libra blockchain.” The social media giant’s cryptocurrency will supposedly...

Facebook’s Crypto Backed by Visa, PayPal, and Uber; Whitepaper Due in Days

June 14, 2019 by Eddie Mitchell at Adoption, Altcoins

In the lead up to Facebook’s official cryptocurrency reveal, the social media titan has signed up gigantic backers for its “Project Libra” as well hiring senior UK bank lobbyist, Ed Bowels. This, according to reports from The Wall Street Journal (WSJ) on June 13, 2019, and the Financial Times. In addition,...

Facebook’s GlobalCoin Node Is Worth $10 Million Per License

June 7, 2019 by Ogwu Osaemezu Emmanuel at Development, News

In a bid to boost public confidence in its proposed GlobalCoin cryptocurrency and reassure financial regulators, leading social media network, Facebook is reportedly looking to hand over the management of Project Libra to an independent foundation. The Mark Zuckerberg-led firm will also require interested node operators to pay a whopping...

Report: Facebook to Launch Cryptocurrency by End of June

June 6, 2019 by Aisshwarya Tiwari at Adoption, News

Quoting a report by The Information, CNBC reported on June 5, 2019, that Facebook Inc. is expected to introduce its in-house cryptocurrency toward the end of June 2019. Facebook has Extensive Plans for its Cryptocurrency Facebook has managed to generate enormous excitement and mystique around its highly-anticipated digital currency, reportedly...

Facebook in a Meeting with a CFTC official statue of liberty in the background

Facebook Holding Talks with CFTC Over Project Libra

June 3, 2019 by Ogwu Osaemezu Emmanuel at News, Regulation

Facebook, a global social networking platform is reportedly meeting with one of the top U.S. financial watchdogs, the Commodity Futures Trading Commission (CFTC), as part of plans to make the launch of its GlobalCoin stablecoin as frictionless as possible, according to a MarketWatch report on June 2, 2019. Facebook...

Report: Facebook’s User Demographics Could Be “GlobalCoin’s” Biggest Challenge

May 29, 2019 by Aisshwarya Tiwari at Adoption, News

On May 28, 2019, cryptocurrency analytics firm Diar published a report that paints a rather gloomy picture of the fate of Facebook’s payment-focused cryptocurrency GlobalCoin. According to the report, the social media website’s user demographics could prove to be a huge challenge to GlobalCoin’s mainstream adoption. GlobalCoin Is a Payment-Focused...

Facebook Registers New Fintech Company in Geneva

May 20, 2019 by Aisshwarya Tiwari at Adoption, Business, News

Social media firm Facebook has set up a new financial technology firm in Geneva, Switzerland, Reuters reports, May 17, 2019. Facebook Quietly Sets up a Fintech Firm According to a filing with the Geneva Commercial Register, on May 2, 2019, Facebook Global Holdings II LLC registered a firm named Libra...

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