Facebook Enters the Crypto Space with Libra Coin

Depositphotos 271323438 xl 2015 1 - Facebook Enters the Crypto Space with Libra Coin

Search TagX on Google View all posts tagged as Tagx Find TagX related info in WikiPedia   On Tuesday, Facebook and its partners unveiled its new cryptocurrency dubbed Libra coin that will transform how its over 2.38 billion users perceive the use of crypto to make purchases. Libra to Bring “Unbanked” Individuals to the System The project is offering a stable digital currency that expects to bring more unbanked individuals into the system. The Libra coin will be backed by stable financial assets and managed through a governing body. The coin…

Facebook’s Global Coin Is A Threat to Bitcoin Cash, BCH Down 3.7%

techanalysis bch4 - Facebook’s Global Coin Is A Threat to Bitcoin Cash, BCH Down 3.7%

BCH down 3.7 percent Facebook’s Global coin will disrupt public chains like Bitcoin cash Because of Facebook’s broad base and active users exceeding 2 billion, the Global coin is an existential threat to Bitcoin Cash. Currently, BCH is consolidating against the USD, down 3.7 percent. Bitcoin Cash Price Analysis Fundamentals Perhaps, for the neutral, Bitcoin Cash is indeed what Bitcoin failed to be. That is Cash. According to Bitcoin’s whitepaper, the peer-to-peer cash system was, first of all, supposed to be a medium of exchange. However, grappled with scalability concerns…

Facebook Coin | Platform will Announce Cryptocurrency in June

Facebook Coin min - Facebook Coin | Platform will Announce Cryptocurrency in June

According to CNBC, Facebook will announce its cryptocurrency later in June. Further, those working on the project will be able to take their salary in its new currency—the Facebook coin. Let’s check this out; here’s what we know. Facebook Coin: To Be Announced in Late June Rumors have surfaced for months now about Facebook’s new digital asset; however, nothing was ever truly confirmed. What is known is this: Almost one year ago, Facebook hired former PayPal executive David Marcus to explore blockchain opportunities—blockchain is, of course, the necessary technology to…