Even though Congress tried to inflict damage on Big Tech in hearings related to user data, antitrust concerns and Facebook’s Libra, it seems it has failed. That leaves Silicon Valley with little incentive to change.
Experts say that Facebook’s Libra will probably not reach the billions they claim, and it won’t affect the financial world and stability in general. However, while everyone is talking about Libra, banks are developing their own digital currencies.
Judging by recent news, it appears that Binance is in talks with Facebook about either listing Libra or joining the Libra Association. Binance’s CSO, Gin Chao, confirmed that the exchange has had discussions with Facebook about a listing process.
Mark Zuckerberg commented on the newly-launched Facebook’s Libra crypto. He says that Libra Association is an independent organization and Facebook only has one vote in it. That way he emphasizes the trustworthiness of Libra.
This edition of Max’s Corner analyzes the controversy surrounding the changes to Google’s search algorithm, the plight of the Silk Road founder and the latest on Facebook’s crypto project.
Social media giant Facebook breaks the shackles of regulatory bondage as FB stock price soars high following the announcement of its crypto project – Globalcoin.
Pivotal Research analyst Michael Levine has a price target on Amazon stock of $2,750 a share, the highest on Wall Street according to Tip Ranks. That’s well above second-highest forecast, that had $2,500 target.
Even though there was hope that eBay may be delving into Bitcoin and cryptocurrency, the hopes were shattered after their spokeperson said that cryptocurrency is not a part of their payments strategy.
eBay, the US-based e-commerce behemoth, is rumored to make a foray into crypto after its Consensus ads recently leaked online. If eBay does open arms for crypto payments, it could be a boon for adoption.
PayPal’s CFO John Rainey stated that while his company was definitely working to create a blockchain/ cryptocurrency framework to facilitate its payments in a more streamlined manner, he still wasn’t sure about Bitcoin’s overall scalability potential.