Facebook’s Calibra Wallet Rebrands to Novi
Calibra, the digital wallet Facebook designed to be used with its cryptocurrency Libra, has now been renamed to “Novi.” The company established a new subsidiary, Novi Financial, that will be tasked with developing the newly rebranded wallet.
Libra’s…
Central Banks Issuing Digital Currency Could Be a Bluff; Here’s How
Going by recent headlines, it appears as though central banks around the world are planning to or in the process of creating their own digital currencies.
The coins, by their disruptive nature, are bound to attract attention from these banks.…
Bitcoin Collapses below $7,500 after Brexit Breakthrough
Bitcoin took a deep dive on Wednesday to test the levels last seen in May.
The benchmark cryptocurrency plunged by up to circa $566.29, or 7.65 percent, in just two hours of trading. The move downside brought bitcoin down to a session low of…
Pressure on Libra From U.S. Intensifies as Congressman Suggests Bitcoin Instead
The majority of US politicians are anti-crypto and Bitcoin. Either through fear, or lack of knowledge, they view digital currencies as a threat to their own system which is highly controlled and often manipulated. One congressman however thinks…
US Senators Coercing Libra Partners is Un-American: Coinbase CEO
Facebook’s plan to launch Libra came under further pressure after its partners Visa, Mastercard, Paypal, and Stripe announced that they were leaving the digital currency project. And as it turned out, there was some political pushing involved.
Senator…
G7: Crypto Stablecoins Like Libra Threaten Financial Stability, But Not Bitcoin
It comes as no surprise that Facebook is still on the receiving end of regulatory pressure from global economies. The social media giant has done the crypto industry few favors as all eyes are now on stablecoins and the outlook for them is predictably…
Coinbase CEO: US Should Reconsider Ridiculous Stance on Libra as Project Partners Jump Ship
Facebook’s ambitious crypto project Libra is running out of steam as it gets hounded by regulators and governments around the world. The social media giant was dealt another blow yesterday when major project partner PayPal announced that it…
No, a Facebook Libra Delay Would Not Cause a Crypto Crash
The world’s largest social media company has faced nothing but criticism since it announced grand plans to dominate global finance markets with its own crypto coin. Red flags were raised by governments and central banks across the planet over…
Gloomy Future For Libra Crypto as Central Banks Pose Tough Questions
Not a week has gone by since Facebook announced its lofty crypto ambitions that it hasn’t been torn apart for one reason or other. Now it is the chance for the central banks of the world to grill the social media giant on its plans to compete…
France Blocking Facebook Libra in EU Shows True Power of Bitcoin
Governments and policymakers have been in an uproar ever since Facebook debuted their Libra cryptocurrency to the world, prompting the first signs of stricter regulation around crypto and Bitcoin looming.
Among the list of concerned governments…
