Tag Archives: Libra

The introduction of Libra was met with a lot of reaction from all corners of the crypto-space, with many hotly contesting the utility and functionality of Facebook’s crypto-project. In an exclusive interview with a media outlet, CoinMetrics’ Nic Carter claimed that the social media company has made a huge miscalculation with the Libra project. CarterContinue reading “Libra contributed to governments taking crypto-industry seriously: Nic Carter”

SFOX, a cryptocurrency prime dealer, recently released a report discussing the current market sentiment in the digital asset industry and the impact of Facebook’s Libra on Bitcoin’s ecosystem. While Libra is yet to be released and given the necessary regulatory clearance to function as a digital asset, Facebook’s proposed crypto-project has corresponded with Bitcoin’s downward priceContinue reading “Facebook Pay could potentially impact Bitcoin’s market”

While China continues to work towards launching its own stablecoin, Japan practices caution. According to a report, the Governor of Bank of Japan, Haruhiko Kurado, has said that the central bank has no intention to issue digital currencies. The central bank is instead, working on crypto-asset research, in case the need to do so emergesContinue reading “Bank of Japan’s Governor supports digital currency research, not issuance”

MakerDAO’s latest upgrade is deemed paramount to the ecosystem’s relevance as it seeks to enhance the Dai token’s real-world use cases. Maker’s Rune Christensen recently featured in a Blockcrunch interview to share a peek into the company’s intended roadmap, especially with regard to the move to Multi-Collateral Dai from Single-Collateral Dai . Speaking about Multi-CollateralContinue reading “Libra, digital yuan, centralized stablecoins are just banking services: MakerDAO’s Christensen”

2018 was touted as the year of stablecoins. In 2019, despite being flagged as ‘risk’ to the existing financial system by the US Feds, stablecoins continued to evolve at a rapid pace. While most of the latest negative commentaries were directed towards Facebook’s proposed Libra global coin, industry players were positive about the future ofContinue reading “Stablecoins see increase in on-chain volume and transactions this year”

Binance CEO Changpeng Zhao is at the head of the world’s largest cryptocurrency exchange by volume and is perhaps one of the world’s most prominent and influential crypto-personalities. In a recent interview with Bloomberg, CZ stated that the digital asset industry is one for the present and the future, despite it being under consistent attackContinue reading “Binance will list Facebook’s Libra if it commands strong user base”

Abra, the cryptocurrency investment app and wallet, recently revealed that it would be offering 60 new cryptocurrencies to its users based in the United States, while doubling the bank deposit limit for its users. Following the development, Abra CEO Bill Barhydt appeared in an interview and expanded on how the platform got past regulators. RegulationsContinue reading “Facebook’s Libra will happen in some form: Abra’s Bill Barhydt”

Christopher Giancarlo, Former CFTC chairman, recently featured on an edition of the Unchained podcast to highlight the need for revamping legacy rules for mainstreaming cryptocurrencies. In doing so, Giancarlo added that the SEC faces immense challenges to fairly define the “digital environment and the new digital asset classes.” He said, “We are reaching a pointContinue reading “Libra has suffered owing to Facebook’s reputation: Former CFTC Chairman”

Recently, Mark Zuckerberg, Facebook CEO, faced Congress on all matters concerning its privacy policy, political advertisements, and the launch of its crypto-project, Libra. One of his remarks that stood out with regard to its cryptocurrency, made while acknowledging the concerns of the Congress, said that was China stealing the United States’ thunder in terms ofContinue reading “Ethereum’s Lubin: Stablecoins are ‘extremely valuable’ to emerging digital economy”

The case for Bitcoin as a Medium of Exchange [MoE] has been questioned several times over the past few months. The world’s largest crypto-asset’s status as a ‘store of value’ has seen a meteoric rise, with some members of the community being quick to declare that BTC as a settlement unit is not ideal anymore,Continue reading “Bitcoin isn’t a form of currency, suggests Libra’s David Marcus”

Social media platform, Facebook is often viewed as a revolutionary application as it went viral soon after its launch. The platform’s cryptocurrency project, Libra seems to be garnering the attention of several policymakers, however, for all the wrong reasons. Recently speaking at the Web Summit technology conference, Vice President of Product at Facebook’s Calibra unit,Continue reading “Libra won’t go viral like a social media platform: Calibra exec”

Facebook has been the talk of the town after it announced its cryptocurrency project, Libra. While many are skeptical of the project, several others remain bullish about the opportunities afforded by Libra. Mark Yusko, Founder and CEO of Morgan Creek Digital, revealed his position on Facebook’s cryptocurrency project in a recent interview. Yusko highlighted theContinue reading “Libra’s effect on fiat currencies fueling government’s fears: Mark Yusko”