Jul 18, 2019 at 11:15
Senate Hearing on Facebook's Upcoming Cryptocurrency Libra
The recent US senate hearing on the upcoming Facebook cryptocurrency Libra coin caused a $20 billion loss in the cryptocurrency market. Bitcoin initiated a downward trend since crypto market drops $20 Billion in 1 hour following Facebook’s Libra senate hearing. Bitcoin price displayed a fairly better performance in the last two months.
Jul 15, 2019 at 10:49
What Does the Entry of Facebook, JPMorgan and Netflix Mean?
Facebook, JPMorgan and Netflix are now in for the innovation game. Several giant institutions have entered the businesses related to blockchain and cryptocurrencies and this has given the industry a big boost. In the same sense, retail investors have also benefited since huge funds, derivatives plus many other monetary instruments are now accessible by the public.
Jul 10, 2019 at 09:11
India Shows Skepticism About Facebook Cryptocurrency
The Republic of India, the seventh-biggest nation by area geographically located in South Asia, has shown much disbelief in the new cryptocurrency owned by Facebook known as Libra aka GlobalCoin. In fact, the coin will not be allowed to operate in the country.
Facebook Promotes Itself in Leading Cryptocurrency News Magazines
Google has ordered advertising of the Facebook brand on Coinidol.com, one of the world’s leading cryptocurrency news magazines, despite Facebook’s ban of most cryptocurrency advertising since January 2018. This move is evidence that Facebook is looking for support from the world crypto community to gain trust in its new cryptocurrency FaceCoin (allegedly named Libra or GlobalCoin), that is announced to be issued in Q1 2020.
Facebook's Cryptocurrency to Attract Investments from Visa
Recently, we brought you the news about Facebook launching its own cryptocurrency, allegedly called Libra, by next year – others call it GlobalCoin. The news attracted the attention of some big names in the finance industry to come and support this disruptive initiative. Some of the giant companies willing and able to invest in the project include PayPal, Uber, Visa and MasterCard, and many other forward-thinking individuals are also interested. The official announcement from Facebook is expected soon. Facebook is expected to launch a whitepaper for its coin on June 18.
Facebook CEO Preserves his Position after Elections
CEO and founder of Facebook, Mark Zuckerberg, recently won another leadership election at the company’s yearly general committee meeting. Most of the institutional shareholders of Facebook (FB), a California-based online social media and social networking service firm, wanted Zuckerberg to retire from being chairman of the board so as he can effectively manage other daily operational activities of the firm.
Facebook's Cryptocurrency to be Presented in 2020
The leading social media network, Facebook, the company that owns Instagram and WhatsApp, apps which allow users to make and share content or take part in social networking, plans to put its own cryptocurrency on the market by 2020, the coin will be used to make payments beginning with over 12 different nations globally by April next year (Q1 of 2020).
Facebook Launches Fintech and Blockchain Firm in Switzerland
The biggest social network company Facebook has registered a new firm dealing with blockchain and payments in Geneva, according to popular news outlet Reuters. The Swiss fintech company is reported to be focused on data analytics and investments in particular.