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Facebook Globalcoin: Killer or Multiplier?

It may sound like a 2014-era shitcoin, but Globalcoin is this year’s most anticipated new digital asset. It doesn’t matter that it’s not decentralized, not permissionless, and not even crypto. The only question that really matters is what does Facebook’s currency spell for bitcoin? Will…

No, Forbes, Facebook’s Newly Detailed Not-So-Crypto is No Rival for Bitcoin

The launch of a crypto-like-currency by social media giant Facebook has been the topic of many discussions in the Bitcoin and digital asset space recently. However, little was known about it outside of the company developing a mysterious blockchain department and rumours about a WhatsApp-based…

Zuckerberg Consults Rivals Winklevoss to Push Facebook’s ‘GlobalCoin’

Will Facebook cryptocurrency GlobalCoin be the catalyst to mass adoption propelling cryptocurrency usage from 30 million to 2.4 billion? Maybe, but several concerns remain. Facebook Quietly Planning Killer App If one thing was notable about Facebook and cryptocurrency this time last year, it was the…

Facebook Cryptocurrency, ‘GlobalCoin’ Set to Launch in Q1 of 2020: Report

Facebook has been actively working on its new venture, which it says, will ‘compete with banks.’ The secretive cryptocurrency endeavor was earlier taking shape through hiring drive for the team. Recently, it was formally inducted as a subsidiary in Switzerland under ‘Project Libra‘ on 17th…

Zuckbucks or Bust: How SEC Rulemaking Hurts Startup Cryptos and Favors Big Tech

SEC guidance has created a more attractive environment for regulated tech firms like Facebook to offer proprietary cryptoassets integrated into their existing products that can be legally traded on existing crypto-exchanges as non-securities. Meanwhile, the SEC has targeted startup cryptos for increased scrutiny. Also Read:…

Latest Hack Sparks Concern Whatsapp Will Never Be Secure

Facebook’s popular messaging app with 1.5 billion users in over 180 countries has another major vulnerability. Hackers were able to covertly install spyware on iOS and Android smartphones using Whatsapp with just a phone call. “All of their security issues are conveniently suitable for surveillance,…

Facebook Cryptocurrency Project ‘Libra Networks’ Opens Office in Switzerland

Facebook has been highly secretive about its recent endeavor with cryptocurrency and blockchain. A more transparent approach could raise speculations in the market. Moreover, the regulations around cryptocurrency and payments have been unclear as well. Recently, the U.S. Senate Banking Committee sent an open letter…

Facebook registers Libra Networks in Geneva in latest blockchain move

Facebook may be heading to Switzerland to develop its stablecoin, opening up a financial technology company focused on blockchain, according to a public register. Geneva’s commercial register shows Libra Networks was registered on May 2 with Facebook Global Holdings as a stakeholder. Reuters first reported…

Facebook Coin Could Drive a ‘Mass-Adoption’ of Crypto, Study Concludes

Stablecoins are getting more popular. So popular that they could bring about the mass adoption of Bitcoin as giant non-financial companies, such as Facebook and Samsung, get ready to participate in the crypto market. Facebook and Samsung Are Joining the Stablecoin Craze A new Binance…

Facebook hires Coinbase employees amid continued speculation on its crypto ambitions

Facebook hired two Coinbase employees this month, adding both Jeff Cartwright and Mikheil Moucharrafie to its compliance team, according to both Cartwright’s and Moucharrafie’s LinkedIn profiles. The hires add to the intrigue surrounding Facebook’s Blockchain efforts, with mounting speculation on the social media giant’s crypto…