‘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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Is Binance’s Changpeng Zhao the ‘Zuckerberg’ of Crypto?

Believable parallels have been drawn between Binance CEO Changpeng Zhao and Mark Zuckerberg of Facebook on podcast #74 of Coin Talk hosted by Aaron Lammer & Jay Caspian Kang, titled “When Trolls Get Rekt.” The podcast was later covered by Forbes contributor Billy Bamrough who covers cryptocurrency-related content for the publication. In his article, Bamrough shared several […]

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Barclays: Facebook’s Cryptocurrency Could Generate $19 Billion in Additional Revenue by 2021

British multinational investment bank Barclays sees some serious upside for social media giant Facebook’s cryptocurrency. The bank forecasts a whopping $19 billion in additional revenue from this initiative, alone.  Barclays Bullish on ‘FaceCoin’ Ross Sandler, an internet analyst at Barclays, said in a note to clients on Monday that Facebook’s reported cryptocurrency could generate as […]

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Facebook Moves Closer to ‘FaceCoin’ Acquiring Its First Blockchain Startup

Social media mogul Facebook has made an advance in its blockchain effort by hiring a blockchain startup specializing in smart contracts and facilitating payments.  Facebook ‘Acqui-Hires’ Chainspace According to financial media Cheddar, Facebook has hired a small blockchain company called Chainspace. In Silicon Valley, this move is referred to as an “acqui-hire” and according to the report, four […]

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FAANG Stocks Lose Over $1 Trillion – More Than All Cryptocurrencies Combined

Facebook, Amazon, Apple, Netflix, and Google stocks have together shed over $1 trillion in market capitalization from their all-time highs, marking an even bigger loss in dollar value than all cryptocurrencies combined in 2018. FAANGs Lose Bite Bitcoin and cryptocurrencies, in particular, are not the only bubble in town. Stocks of tech stalwarts like Google, […]

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