Category: Social Media

Ethereum Co-Founder Criticizes Facebook’s Libra Token for Centralization

Ethereum co-founder Joseph Lubin said that Facebook’s Libra token is like “a centralized wolf in a decentralized sheep’s clothing” in an article published on tech news outlet Quartz on June 21. The social media giant released the white paper for a its cryptocurrency dubbed Libra earlier this month to mixed […]

CME: Open Interest in Bitcoin Futures Contracts Hit All-Time High

The Chicago Mercantile Exchange (CME) Group has released data showing that open interest in Bitcoin futures is rising, as per an official Twitter post on June 18. Interest in BTC futures over time: https://twitter.com/CMEGroup/status/1141015074062110721 According to CME, bitcoin (BTC) open interest spiked on June 17 with an all-time high of […]

KuCoin Lists Binance Coin, Supports Binance Chain Projects

Singapore-based cryptocurrency exchange KuCoin has announced that it is now listing the cryptocurrency Binance Coin (BNB) issued by the exchange Binance, according to a press release on June 19. KuCoin will reportedly offer BNB trading pairs with Bitcoin (BTC) and Tether (USDT). The announcement also notes that KuCoin will support […]

French Minister of Economy to Ask for Guarantees From Facebook In Regards to Its Forthcoming Coin

French Minister of the Economy and Finance intends to “ask for guarantees” from Facebook in regards to its forthcoming digital currency Libra, media outlet Europe 1 reported on June 18. The Minister of the Economy and Finance, Bruno Le Maire told Europe 1 that Facebook’s long-awaited stablecoin Libra is an […]

Fidelity-Backed Crypto Analytics Firm to Integrate Twitter-Based Crypto Sentiment Feed

Crypto analytics firm Coin Metrics partnered with Social Market Analytics (SMA) to collaborate on a feed of real-time sentiment towards cryptocurrency based on social media data, according to a press release on June 17. The new partnership intends to collect and analyze data posted by crypto community on social media […]

Binance Research: Facebook’s Libra Could Spark Additional Cryptocurrency Volume

Binance Research, the research arm of major cryptocurrency exchange Binance, claims that Facebook’s Libra stablecoin could spark additional cryptocurrency volume in a post published on its blog on June 18. In the announcement concerning the release of the full report, Binance Research claims: “Libra could spark additional cryptocurrency volume due […]

Facebook to Unveil ‘Libra Association’ and Launch Testnet Next Week: Report

Social media giant Facebook will unveil the Libra Association, which will operate its bespoke cryptocurrency Libra, on June 18, cryptocurrency news outlet The Block reported on June 14. Per the report, Facebook and dozens of its partners will unveil the Libra Association — which will be based out of Geneva […]

Facebook’s Crypto Backed by Visa, PayPal, and Uber; Whitepaper Due in Days

In the lead up to Facebook’s official cryptocurrency reveal, the social media titan has signed up gigantic backers for its “Project Libra” as well hiring senior UK bank lobbyist, Ed Bowels. This, according to reports from The Wall Street Journal (WSJ) on June 13, 2019, and the Financial Times. In addition, […]