Facebook’s Libra Could Undermine Sovereign Currencies According to Former Bank of Japan Exec | BTCMANAGER

A former employee of the Bank of Japan (BoJ) believes that Facebook’s Libra may threaten the impact of local monetary policies. Libra may reduce the overall effectiveness of monetary policies as well as weaken emerging markets currencies. Eventually, even though Libra might be delayed or even stopped, it is impossible to prevent other business from developing similar projects. This according […]

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Facebook's Libra Is a Serious Privacy and National Security Concern

Facebook is no stranger toWashington’s ire, and this time its stablecoin is on the receiving end. In aletter from 30 Democrats associated groups, the California based social mediagiant has been asked to halt the Libra project. The letter states that thestablecoin project has raised “profound questions,” which need to beaddressed first. The letter sent to the chairpersons of five congressional […]

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Facebook’s Libra raises money laundering concerns associated with crypto again

Facebook has been garnering a lot of news lately, with the introduction of Project Libra, which is speculated to become an e-commerce tool for the social media giant’s millions of users. However, it is speculated that like Bitcoin, Facebook’s coin could also be used for anti-social activities like money laundering, terror financing etc., with lawmakers and regulators alike, raising an […]

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Facebook’s GlobalCoin To Release Before 2020

We’ve been talking about ‘Facebook Coin’ for the better part of six months on CryptoDaily but it’s all been in speculation. Now we have confirmation that Facebook is indeed creating its very own cryptocurrency. It’s been floating around for a while now that Facebook has been creating a cryptocurrency in the secret Libra’ project but the BBC have just reported […]

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Binance CFO Skeptical of Facebook’s Cryptocurrency | BTCMANAGER

The CFO of one of the world’s largest cryptocurrency exchanges, Binance, Wei Zhou, told Yahoo Finance UK on April 26, 2019, that he suspects that Facebook is building a closed cryptocurrency ecosystem that will “wall off other people from coming into it.” Facebook Defies Crypto Ethos Facebook’s plan to launch its own cryptocurrency has surely not struck the sweet chords […]

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Facebook’s Cryptocurrency Could be Coming a Lot Sooner Than Expected

Reports have surfaced that the social network giant, Facebook is going through talks with different cryptocurrency exchanges in regards to them selling the ‘Facebook Coin’ to their customers. The Facebook cryptocurrency could be launched a lot sooner than expected. In a new report by the New York Times, they cite numerous anonymous sources which say that employees at Facebook are […]

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