Libra: How Facebook and others plan to ‘meet the daily financial needs of billions of people’

2019-6-21 00:00

The whitepaper for the Facebook-backed Libra cryptocurrency dropped on June 18th and is being viewed by some market observers as a watershed moment for the space. The project's undeniable reach, significant backing and novel technical design has some excited, however, there are questions surrounding whether regulators will accept the Libra business model and its management of user funds.

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$ 0.0002231 (+0.00%)
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Êàïèòàëèçàöèÿ $0 Rank 6089
Öåíà â ÷àñ íîâîñòè $ 0.0521721 (-99.57%)

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Facebook’s Libra raises money laundering concerns associated with crypto again

Facebook has been garnering a lot of news lately, with the introduction of Project Libra, which is speculated to become an e-commerce tool for the social media giant’s millions of users. However, it is speculated that like Bitcoin, Facebook’s coin could also be used for anti-social activities like money laundering, terror financing etc.

2019-6-19 13:00


Facebook’s Libra ‘sounds an awful lot like Proof-of-Stake’ and will ‘run into Ethereum’s problems,’ claims Jameson Lopp

Facebook’s “The Libra Blockchain” whitepaper has created quite a frenzy, not only in the cryptocurrency ecosystem, but also with U. S. government officials. Some people claim that Libra is not a blockchain, while others claim that it is going to kill Ripple, XRP and other similar blockchains.

2019-6-19 12:30


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