Education & News
In this post: * Congressman says Facebook should incorporate Bitcoin rather than launch Libra coin. * Libra Association holds inaugural meeting in Switzerland. United States Congressman Warren Davidson has opined that Facebook adding Bitcoin (BTC) to its Calibra wallet would be “a way better idea” than creating its own Libra cryptocurrency. Speaking
Bitcoin
World’s number one cryptocurrency exchange by trading volume – Binance is launching an open blockchain project dubbed “Venus”. The project is focused on the development of localized stablecoins and digital assets pegged to fiat currencies (traditional currencies issued and backed by government) globally. According to an official announcement, Binance says
Education & News
CEO of Chinese Tech and mobile phone giant Huawei has said that China can compete with Facebook for market share by issuing its own cryptocurrency. The CEO Mr Ren Zhengfei made the remarks at a recent interview as believes China has the capacity to can easily create a digital currency
Africa
The Central Bank of Kenya (CBK) has expressed its view of Facebook’s cryptocurrency project; says implementing the Libra comes with risks. According to local news outlet Telecomopaper, the CBK authorities have joined an increasing number of global institutions who have voiced criticism of the Facebook Libra project; which they
Bitcoin
After a moderate show on the first day of the Facebook Libra hearing, we take a look at matters raised and insights to possible outcomes of the sitting. Day 1 involved a session between the Senate Banking Committee and Facebook. The social media giant was duly represented by David Marcus
Bitcoin
The United Kingdom Finance Minister – Philip Hammond has said regulators and not lawmakers should decide how to regulate cryptocurrency, as he spoke with regards to Facebook’s Libra stablecoin. In an interview with CNBC, the minister opined that the Facebook coin is an “issue for regulators to determine, not for
Bitcoin
With Facebook’s cryptocurrency hearing hours away and as reactions to President Trump’s tweet continue to pile up, former Republican congress man and three-time US Presidential Candidate - Ron Paul says “I’m all for cryptocurrencies, I like competing currencies”. Speaking at a recent interview, Ron Paul says he
Bitcoin
With the United States Senate hearing on Facebook’s cryptocurrrency project set for tomorrow (July 16 & 17), a draft bill has surfaced regarding the next line of action; seeking to prevent large technology companies from issuing cryptocurrencies. Last week, President Trump in likely anticipation of this hearing had also
Bitcoin
Unites States Federal Reserve Chairman – Jerome Powell has aired his views on Bitcoin and Facebook’s Libra cryptocurrency; as he believes a globally adopted cryptocurrency system could remove the need for reserve currencies. Speaking at a session with the Senate Banking Committee setup for hearing of Facebook’s cryptocurrency project,
Bitcoin
Mixed reactions have trailed U.S President Donald Trump’s Bitcoin and Facebook Libra Tweet, in which he said he is not a fan of either asset. Many seem not to fancy his opinions however, and as always some non-coiners share the same thoughts at his. Here, we look at
Bitcoin
United States President, Donald Trump expressed his opposition to cryptocurrrencies in an official tweet, as he specifically mentions Bitcoin and Facebook’s Libra cryptocurrency. In a series of tweets posted on his official handle on July 11, at 5:15pm NGN time, President Trump stated: I am not a fan
Blockchain
Facebook Coin is here. However, instead of being called Facebook Coin, Facebook has decided to call its new cryptocurrency ‘Libra.’ Already, confusion abounds online concerning what Libra actually is. Below, we’ve, therefore, created a thorough Libra Wiki, detailing everything Nigerians need to know about Facebook’s new digital currency.