LIBRA
Libra is a cryptocurrency developed by Facebook. Libra’s mission is “a simple global currency and financial infrastructure that empowers millions of people”. Libra uses a basket of stable currencies and assets as a reserve. Libra doesn’t challenge the power of money issuance typically owned by the central government, but Libra has the potential to replace money flow services of the current financial system, further reduce the role of banks and other financial institutions in financial services.
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.
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.
Blockchain, Bitcoin, Libra, Facebook
What’s Bull___, Brilliant and Big Brother? Deep diving & examining where the real value is.
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.
US Senator Sherrod Brown: Facebook is delusional
“Mark Zuckerberg has said that Facebook is more like a government than a company. That’s delusional.” US Senator Sherrod Brown said in a video tweet.
Keep Big Tech out of Finance? Draft Bill Surfaced Ahead of Libra Hearings
The draft bill entitled “Keep Big Tech out of Finance” has appeared online ahead of Facebook’s hearing on 16 and 17 July. The bill is allegedly circulating among The United States House of Representatives Financial Services Committee, as revealed by media outlet The BLOCK on 13 July.
ECB Coeure: Facebook’ Libra is Too Dangerous in the Regulatory Void!
The European Central Bank Executive Board member Benoit Coeure urged the financial regulators to take prompt actions regarding the advent of Facebook’s Libra coin, as reported by Bloomberg on 7 July.
Ethereum Co-Founder on Facebook Libra: “A Centralized Wolf in a Decentralized Sheep’s Clothing”
Ethereum co-founder Joseph Lubin is the latest critics on the centralization concern of Facebook’s Libra coin.
Why Facebook's Libra Is Not A Real Cryptocurrency
Facebook on Tuesday announced its Bitcoin rival called Libra, a cryptocurrency created by a Facebook subsidiary called Calibra that will be managed by an oversight body called the Libra Association. The Libra coin will not be available immediately, as the announcement only covers the vision and technology behind the Facebook blockchain. But the company says Libra will be private, mostly.