Libra — sometimes referred to as “Facecoin” or “Zuckcoin” — is self-billed as “a simple global currency and financial infrastructure that empowers billions of people.” The introduction waxes cypher-poetic about the liberating nature of the internet and the potential for an online currency to unfetter financially disenfranchised populations around the world from the shackles of the inefficient and parasitic banking system. “The world truly … [Read more...] about Facebook’s Libra Is Here. But It Might Not Be What You Think.
Digital assets
Latin America and Turkey Have the Most Cryptocurrency Users, Poll Shows
Cryptocurrency usage has been expanding globally and a new survey confirms that trend. The poll conducted by Statista shows that the citizens of troubled countries tend to exploit the benefits of decentralized digital money far more readily than the citizens of thriving nations. Also read: VPN Providers Defy Order to Connect to Russia’s Internet Censor Study Determines Global Cryptocurrency Adoption The 2019 edition of the Statista Global … [Read more...] about Latin America and Turkey Have the Most Cryptocurrency Users, Poll Shows
Cartoon: Join the Club
Many commentators believe that the tech giants (e.g., Facebook) are going to supplement banks, pointing out their plans to create new payment and token solutions (e.g., Facebook’s libra currency). Also likely, these companies are going to use their customer data and platform services to become banks themselves. The post Cartoon: Join the Club appeared first on Bitcoin Magazine. … [Read more...] about Cartoon: Join the Club
Crypto Lender Sees High Demand for Stablecoin Loans in Chinese Market
Asia-based crypto lender BabelBank has announced a record-high number of crypto-collateralized loans issued amid new rebranding efforts. The crypto firm will now be called BabelFinance, a name change which, the company says, signifies its efforts to offer broader services for crypto users, especially in the Chinese market. In a statement, the crypto lender claims to have issued over $100 million in loans since it launched in July 2018. … [Read more...] about Crypto Lender Sees High Demand for Stablecoin Loans in Chinese Market
After Fleeing From the US Government John McAfee Warns His Enemies
For a few weeks now, the former antivirus software tycoon John McAfee has said he is fleeing from the U.S. government for not paying his taxes. More recently McAfee’s been on a tweet tirade, speaking directly to his “pursuers” and telling them to leave him alone. Also Read: CME’s Bitcoin Futures Hit New Records McAfee: ‘All I Wanted Was to Be Left Alone’ John McAfee is well known for starting a multi-billion dollar antivirus software corporation … [Read more...] about After Fleeing From the US Government John McAfee Warns His Enemies