It’s been a little over two weeks since we all got our first look at Libra and Calibra. No doubt there will be countless news stories to come, and opinions on why it will or will not fly. Here are the things I will be...
The co-creator of Facebook’s recently announced cryptocurrency, Libra, said the currency was created to help the unbanked population easily access the financial system, according to a Facebook post he wrote on Wednesday (July 3). Get the Full Story Complete the form to unlock this article...
Bitcoin has dropped in value again to under $10,000 after a recent high of around $13,900, according to reports. The cryptocurrency’s loss means it pulled down the value of other premium coins with it, and none of them showed any rises at all. Get the...
Despite the obvious regulatory hurdles that Facebook’s recently announced cryptocurrency is facing, the company is moving forward with its plan to provide the world with an accessible global currency, according to reports. Get the Full Story Complete the form to unlock this article and enjoy...
With the idea of pegging Libra’s value to a basket of international currencies, Facebook’s proposed cryptocurrency would bring tax challenges to European users, per tax lawyers. These issues would hamstring the digital currency’s mainstream adoption, the Financial Times reported. Get the Full Story Complete the...
Have you overdosed on Libra coverage yet? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree...
A man who claims to have invented the cryptocurrency Bitcoin says he can’t access his fortune in coins, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
In a move that could mirror the playbook of JPMorgan Chase CEO Jamie Dimon, Goldman Sachs Group Inc. Chief Executive Officer David Solomon said in an interview with a French newspaper that he is “absolutely’’ taking a look at cryptocurrencies. Solomon also noted the bank...
Bitcoin value dropped dramatically to below $11,000 on Thursday (June 27), after an 18-month high of almost $14,000 earlier this week, marking a 16 percent dip, according to a report by Reuters. The famous cryptocurrency was riding a wave of interest after Facebook announced a...
