South Korean Multinational Company – LG Corporation, recently announced its involvement with blockchain technology. Coming into a business agreement with Ground-X, a subsidiary the South Korean Internet Company – Kakao.
It’s worth sticking around for a while to monitor if Libra is another publicity stunt or a new wave of impact like the one Mark Zuckerberg made with Facebook being the world’s largest social media platform.
Facebook’s Libra project is drawing scrutiny from global regulators soon after the announcement last week. After the US, European regulators have asked the company to furnish more details about its cryptocurrency plans.
The chairwoman of the House Financial Services Committee Maxine Waters announced that the panel will hold the second hearing next month on Facebook’s plan to develop a cryptocurrency-based payments platform Libra.
Wall Street Journal readers found an interesting add between their finance news. It appears as if not only Libra’s logo is subject of discussion: one of the defining characteristics of Facebook’s project is seemingly inspired in a key element of Hedera Hashgraph.
France decided to create a G7 taskforce in order to examine the ways how central banks can regulate Facebook’s Libra.
Ripple’s Garlinghouse told Fortune’s Brainstorm Finance conference that the entry of Facebook’s Libra into the crypto scene does not worry him since it is a boon for the general crypto market, and XRP in particular.
Western Union CEO is sure: digital currencies and the blockchain have great potential of acting as a processing system for payments, however, he claims that sending money with Ripple is 5-times more expensive than Western Union.
Facebook’s Libra Coin launch is giving jitters to Australian Banks who see the emergence of the Libra as a potential threat to the banking model.
Facebook’s awaited cryptocurrency Libra may not be launched in India, as the country’s current regulations do not permit cryptocurrency transactions.
If there was a competition between Libra and Bitcoin, head of Facebook’s blockchain sector David Marcus seems to have conceded rather than overselling the facts.
Facebook’s release of Libra white-paper raised a lot of awareness in the cryptocurrency and traditional banking communities. Many experts compare Facebook’s Libra to Bitcoin and other cryptos. The main question is, how Libra could affect Bitcoin price?
The U.S. Senate Banking Committee will hold a hearing on July 16 about Facebook’s new cryptocurrency, Libra. The hearing came after members of Congress said there is a need to more closely examine Libra and its potential risks.
Winklevoss twins have never been friends to Mark Zuckerberg, whom they previously accused of stealing their idea for Facebook winning $65M settlement as the result. Now, given recent Libra release, the twins feel more like being “frenemies”.
Since Facebook revealed its new project Libra, and everything that is related to it, people are starting to wake up and speculate – is Facebook’s Project Libra going to take over the cryptocurrency industry? Whether it will be a good or a bad mark, let’s see.