Facebook Takes Crypto Down to Switzerland with a New Company, “Libra Networks”

Facebook Takes Crypto Down to Switzerland with a New Company, “Libra Networks”

Facebook has been featured in some crypto-related news for a couple of months now because of its plan to introduce a cryptocurrency and also a crypto payment platform sooner or later. The much-anticipated Facebook coin, which is proposed to work on the WhatsApp Messenger app of the social networking giant, is yet to be launched; however, news making rounds at the moment confirm that Facebook has taken another step towards the crypto space – not…

Read More

US Senators Demand Information on Facebook’s Crypto Project in a Letter to Mark Zuckerberg

US Senators Demand Information on Facebook’s Crypto Project in a Letter to Mark Zuckerberg

Facebook has been struggling with their public image over the last couple of years, mainly due to the back to back news of their mishandling of users’ private data. Being one of, if not the, biggest social media platform in the world today, Facebook has taken an intensive and intruding approach towards data collection for their billions of users. The extent to which Facebook acted in bad faith has been revealed over the course of…

Read More

Faceook Makes Blockchain & Crypto Advertising a Little Easier; Eliminates Pre-Approval Requirements

Faceook Makes Blockchain & Crypto Advertising a Little Easier; Eliminates Pre-Approval Requirements

On May 8th, Facebook has updated its advertising policies regarding blockchain, cryptocurrency, and financial products and services. As per Facebook’s previous ads policies dated back to last June, an advertiser had had to acquire a written approval prior to publishing cryptocurrency products and related services on Facebook. Through the recent announcement, Facebook has completely eliminated the requirement for a written approval and now allows people to post advertisements related to blockchain technology, digital currency news,…

Read More

Facebook’s Crypto Team Consists of Ex-PayPal Staff; Stablecoin Might Be Announced Next Quarter

Facebook’s Crypto Team Consists of Ex-PayPal Staff; Stablecoin Might Be Announced Next Quarter

According to a Bloomberg report, Facebook might be launching its stablecoin as soon as next quarter. According to anonymous sources, Facebook is on the verge of launching its rumored crypto project in India and the social networking giant is doing it with the help from some of the best alumni from PayPal. Facebook’s cryptocurrency has been in the works for a while now and so far, the social media giant has kept their project under…

Read More

Facebook Hires an MIT Professor to Help with its Cryptocurrency Plans

Facebook Hires an MIT Professor to Help with its Cryptocurrency Plans

There has been a steady increase in the news regarding Facebook’s push for cryptocurrency and blockchain-powered technologies. Now, according to a new report, Facebook has hired an MIT professor to help with the company’s crypto efforts. Christian Catalini is on leave from MIT and working at Facebook, according to sources familiar with the matter. Catalini is a Theodore T. Miller Career Development Professor at MIT and reportedly a prominent researcher in the field of token…

Read More

Facebook Works on a Crypto Payment Platform in Addition to Native Cryptocurrency

Facebook Works on a Crypto Payment Platform in Addition to Native Cryptocurrency

Facebook is no stranger to trying new markets; they now dominate the social media landscape by owning Instagram, Facebook, Messenger, and WhatsApp as well as a few others, but the social networking giant’s next big venture now appears to be a cryptocurrency payment system according to a new report by the Wall Street Journal. Facebook is recruiting a host of financial companies and online merchants to aid them in launching a cryptocurrency based payment platform….

Read More

Venture Capitalist Billionaire Tim Draper Is Interested in Facebook’s Cryptocurrency Project

Venture Capitalist Billionaire Tim Draper Is Interested in Facebook’s Cryptocurrency Project

A new major player might soon join Facebook’s grandiose cryptocurrency stablecoin endeavor: American venture capital investor and billionaire Tim Draper. The news of Facebook working to create its own cryptocurrency made rounds towards the end of 2018. Although the news still has it that the plan is still ambiguous, crypto enthusiasts have had their hopes high. It would be amazing for one of the biggest social media platforms in the world to support the transfer…

Read More

Russia’s Social Networking Giant VK Plans on Creating its Own Cryptocurrency

Russia’s Social Networking Giant VK Plans on Creating its Own Cryptocurrency

The emergence of cryptocurrency in social media platforms is one that we have played with in time past. A number of social media platforms have risen up to the task, as Facebook and Telegram are probably the most significant one; however, they are yet to clinch the deal to make this present-day dream a full reality. Last year, Facebook announced its intention to create its own crypto coin that would be functional on the platform….

Read More

Kik and Kin CEO Ted Livingston: Facebook Is Going After the Dollar

Kik and Kin CEO Ted Livingston: Facebook Is Going After the Dollar

Facebook is planning to launch its new cryptocurrency in the near future. In the initial stages, with this cryptocurrency unofficially dubbed “Facecoin,” Facebook will be targeting the remittances market in India. It is a widely shared view that Facecoin might be one of, if not the biggest challenger to the most famous cryptocurrency, Bitcoin. However, CEO of Kik messaging app and Kin cryptocurrency, Ted Livingston, thinks that it’s not Bitcoin that Facebook is targeting with…

Read More

TRON Founder Expresses an Optimistic View about the Future of Bitcoin and Cryptocurrencies

TRON Founder Expresses an Optimistic View about the Future of Bitcoin and Cryptocurrencies

Kicking off the year with a strong start, the Chief Executive Office of TRON (TRX) Justin Sun says he believes Bitcoin and other cryptocurrencies have a promising future ahead of them. The sustenance of the crypto ecosystem has been a disturbing question since the crypto plunge in 2018 that sent Bitcoin, the largest cryptocurrency, down by about 85% of its value in 2017. Crypto enthusiasts, as well as investors, have all been worried sick of…

Read More
1 2