Congressman Warren Davidson Suggests Libra is a Sh*tcoin

On Wednesday, Representative Warren Davidson suggested that Facebook Libra’s lack of decentralization placed it in the same category as other run of the mill sh*tcoins. Libra is Not a Cryptocurrency Events took a somewhat unexpected twist during today’s congressional hearing on the potential impacts of Facebook’s new Libra cryptocurrency. While questioning CoinShares Chief Strategy Officer, […]

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Overview: Facebook Libra Project US Senate Hearing

Earlier today Facebook Libra met with US Senators from the Senate Banking Committee. Here are a few highlights of note from the hearing. Facebook Libra Meets with Lawmakers Again Today Facebook answered questions from concerned US lawmakers on the Senate Banking Committee. As previously covered by Bitconist, lawmakers are worried that Facebook’s Libra cryptocurrency could […]

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Facebook’s Libra Will Primarily Be Used to Buy Bitcoin, Says Fundstrat

There has been no shortage of opining over Facebook’s foray into crypto this week. Most industry heavyweights are in agreement that Libra is about as far from bitcoin as the greenback is, but the new digital offering will have an impact on the crypto scene, and it may not be that bad. So What Do […]

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Facebook Unveils Wallet For Pseudo-Cryptocurrency ‘Libra’

Facebook has finally unveiled its cryptocurrency offering, revealing a custodial wallet and making suspicious claims about what gives it value. Facebook To ‘Make Money Better’ As Website Crashes Dubbed ‘Calibra,’ the wallet will serve Facebook’s coin, which will be known as ‘Libra’ in line with previous hints surfacing in the press in recent weeks. The […]

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Facebook’s Crypto Launch May Push Bitcoin to $10K in June

Bitcoin price could rally to $10,712 in June amid current investor sentiment and the launch of Facebook’s ‘cryptocurrency’ GlobalCoin, according to a prominent analyst.  Bitcoin to $10K in June? ThinkMarkets Chief Market Analyst Naeem Aslam has concluded that June will be a phenomenal month for Bitcoin price action. Historically, May has been the best performing […]

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Facebook Talks ‘GlobalCoin’ With CFTC (While Bitcoin Never Had To)

Facebook is reportedly in talks with US Commodities and Futures Trading Commission regarding the future of its GlobalCoin ‘cryptocurrency.’ Facebook In Talks With The CFTC The world’s largest social media website, Facebook, has reportedly entered into a conversation with the US Commodities and Futures Trading Commission (CFTC). According to the reports, the Chairman of the […]

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Why Facebook’s Foray into Crypto Could be Fruitless

Mainstream media was abuzz last week with the news that Facebook has plans to launch its own digital token, ‘GlobalCoin’. This highlights the ignorance that big news outlets have, as Facebook really is ill-suited to have anything close to what we consider cryptocurrency. Cryptocurrency by nature is a mathematically secure, disruptive peer to peer technology […]

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‘Facebook Coin’ Will Be More Like Bitcoin Than Starbucks Rewards, Says Analyst

Speculations about the purpose of Facebook’s planned digital coin are getting wilder. Ignoring key features like independence and decentralization, one analyst predicts that ‘Facebook Coin’ would look more like Bitcoin or Ethereum than your Starbucks reward points. Facebook Coin Might Encourage Viewing Ads With growing interest, many are trying to envision Facebook’s planned ‘FaceCoin.’ Lacking […]

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