Tag: facebook

Could Facebook Be About to Buy a Cryptocurrency Company?

In June 2019, Facebook surprised many when it announced its Libra cryptocurrency. Libra, which is managed by the Libra Association, could be used for purchases and Facebook hopes that its price will not move as much as other cryptocurrencies such as bitcoin.¬† “Facebook Logo (2015) light” (Public domain) Libra has the support of several companies, such as Uber, Coinbase and Lyft. This undeniably shows that Facebook feels that cryptocurrency is …
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Facebook’s Libra is no Closer to Getting off the Ground

There are a lot of eyes on the upcoming Libra digital currency. For Facebook, a lot of the initial support had already dissipated. In fact, the list of partners bailing on Libra has grown relatively long in recent months. The Libra Project is on Weak Legs Despite noting strong support from early backers happily paying $10 million for running¬† a node, the situation has taken a turn for the worse. …
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FINMA’s Mark Branson Praises Facebook’s Transparency Regarding Libra

The opinions on Facebook’s upcoming digital currency projects remain rather divided. Consumers are not necessarily smitten by this venture, nor are most governments. In Switzerland, however, things are done a bit differently. FINMA’s Mark Branson sees merit in this project and praises how everything is handled in a transparent manner. Mark Branson Likes the Libra It is somewhat refreshing to see a financial supervisory official make positive remarks regarding Facebook’s …
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Digital Currency Scam Site Warning: UpLibra

The Libra digital currency project has gotten a lot of attention. While there is still no regulatory approval or official launch date, Facebook continues to make headlines with it. It now appears there is a potential scam making the rounds called UpLibra. It claims there is an airdrop underway, even though this currency does not exist as of yet.¬† What Does UplIbra Offer? It is always interesting to see how …
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