Cryptocurrency 

How Facebook’s Libra Has Been Influencing Crypto, Politics and Finance

Over the past few days, a number of Libra-related announcements have been made — only, they weren’t from Facebook, the Libra Association, Calibra wallet or any other party involved in its development.  First, top crypto exchange Binance announced a project called “Venus” — coincidentally, another astrology-themed name — which will focus on developing “localized stablecoins” worldwide; the People’s Bank of China (PBoC) said it is almost ready to launch its government-backed digital currency, reportedly admitting that Libra prompted it to speed up; and Erik Finman, ostensibly the youngest Bitcoin (BTC)…

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Cryptocurrency 

Bitcoin Believer Turned Facebook’s Libra Boss

David Marcus, the man spearheading Facebook’s blockchain effort, has gotten a tremendous amount of spotlight lately. The rapid emergence of Libra has dominated the coverage of other crypto-related developments, as it became apparent that the social media giant’s inroad into the realm of digital assets will have most serious consequences for both the blockchain sector and the global financial system in general. While previously the crypto industry has hardly ever had one key spokesperson — which is perhaps a natural and welcome state of affairs for a domain wherein decentralization…

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Bitcoin 

Facebook’s Libra Moved Bitcoin and Crypto Three Years Ahead

United States-based cryptocurrency index fund provider Bitwise declared that Facebook’s Libra stablecoin accelerated Bitcoin’s (BTC) progress by three years in a letter to investors published on its website on August 1. Libra attracted attention to Bitcoin In the letter, Bitwise’s global head of research Matt Hougan said on behalf of the company: “Thanks to Facebook’s Libra and Congress, we have just fast-forwarded two or three years into crypto’s future, accelerating all the conversations, debates, and mainstream discussions into the present day.” Increasing regulatory scrutiny The firm claims that, as a…

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Cryptocurrency 

2% of Americans Trust Facebook’s Libra More than Bitcoin: Research

Just 2% of Americans trust Facebook’s Libra more than major cryptocurrency Bitcoin (BTC), according to a recent survey by CivicScience. United States-based polling company CivicScience recently conducted a survey of 1,799 American adults to find out the general trends and public concerns over Facebook’s not-yet-launched cryptocurrency Libra. According to research results released on July 22, at least 40% of respondents claimed that they trusted Libra less than Bitcoin and other cryptocurrencies such as Ether (ETH) and XRP. 35% stressed that they trust Libra much less than Bitcoin, according to the…

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Bitcoin 

Most Germans Skeptical Towards Facebook’s Libra, Only 12% Welcome it

About 71% of German citizens are skeptical towards Facebook’s Libra stablecoin, while only 12% welcome it, according to a survey published by German financial association Bürgerbewegung Finanzwende on July 23. Most Germans already have an opinion Notably, the survey also showed that almost every one of the 2,093 German adults surveyed had an opinion on the matter, with only 17% saying that they are not sure what to think about the stablecoin. Furthermore, 52% of the respondents also pointed out that Facebook’s impact on society is already problematic today, and…

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Bitcoin 

Swiss Data Protection Regulator Seeks Details on Facebook’s Libra

The Swiss data protection regulator is waiting for Facebook to provide it with particulars on data protection risks associated with the forthcoming Libra digital currency, Reuters reported on July 23. The Federal Data Protection and Information Commissioner (FDPIC) — the competent authority for data processing by federal bodies and individuals in Switzerland — sent a letter to Libra Association on July 17, asking for details about Libra. The FDPIC stated: “The Federal Data Protection and Information Commissioner has noted the remarks made by Mr. David Marcus at his hearing before…

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