Facebook’s GlobalCoin project has to overcome some big issues before its official launch. CoinDesk spoke to seven knowledgeable sources about GlobalCoin, also known as Project Libra, revealing that the project’s software has been delayed because of potential blockchain partners’ reluctance to work on something that...
Facebook appears to be moving ahead with the launch of a digital currency, recently kicking off talks with the U.S. derivatives regulator. The Financial Times, citing Christopher Giancarlo, head of the Commodity Futures Trading Commission, reported Ginacarlo said the Commodity Futures Trading Commission is in...
Here comes GlobalCoin. That’s the name of digital payments system that Facebook plans to deploy in “about a dozen counties by the first quarter of 2020,” according to a report Friday (May 24) from the BBC. According to the report, the social media giant is...
June 18, 2019
Economist Nouriel Roubini has called out Facebook’s soon-to-be announced cryptocurrency, GlobalCoin, saying it is not really crypto. “It has nothing to do with blockchain. Fully private, controlled, centralized, verified and authorized by a small number of permissioned nodes. So, what is crypto or blockchain about it? None,” he said in an interview with CoinDesk. Though […]
June 17, 2019
Facebook’s GlobalCoin project has to overcome some big issues before its official launch. CoinDesk spoke to seven knowledgeable sources about GlobalCoin, also known as Project Libra, revealing that the project’s...
June 03, 2019
Facebook appears to be moving ahead with the launch of a digital currency, recently kicking off talks with the U.S. derivatives regulator. The Financial Times, citing Christopher Giancarlo, head of...
