U.S. lawmakers have been skeptical about Facebook and the libra coin and some of the Libra Association look to distance themselves from the project.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) in the half year ended June 30 was 125.8 million euros ($139.39 million), from 70.3 million euros in the same period of 2018. The company grew strongly in all key metrics, with net revenue up 41% to 222.1 million euros and net profit up 92%.
Facebook Inc further extends its reach towards establishing its dominance in the Asian market. Having that it’s instant-messaging app – WhatsApp partners with multiple Indonesian digital payment firms to offer their mobile transaction services.
A recent Binance Labs participant, Cere Network, is designing blockchain CRM software to compete with giants such as Microsoft, Oracle, and Salesforce.
ZenGo crypto wallet has announced the support for Facebook’s Libra testnet which gives its users a first-hand experience of using Facebook’s native cryptocurrency.
The U.S. House Financial Services Committee delegation plans to visit Switzerland to exchange views about Facebook’s Libra with the Swiss FDPIC Adrian Lobsiger.
The Venus project announced by Binance earlier on Monday plans to create stablecoins and other virtual assets backed by fiat currencies around the world.
Shaikho, who is a new “real” Satoshi Nakamoto, says his idea was a “people’s bank with no boundaries, no nationalities, and no discrimination.”
It has now come to light that Facebook has been paying contract transcribers to review private audio chats from its Messenger app.
Even though he didn’t offer any specifics, Cuban suggested that the Dallas Mavericks’ crypto payments system could, when launched, offer support for not only for BTC and ETH but other coins as well.