WILL FACEBOOK LAUNCH A CRYPTOCURRENCY IN 2019?


Facebook has formed a new tech firm which looks to be working on its crypto project, and will we soon have a proper movie made about cryptocurrency? Let’s start the show! Welcome back to crypto global news, thanks to tuning into today’s show – I am Edward, we would really appreciate it if you like, share and subscribe, enjoy today’s episode. The major exchange Coinbase has opened its Coinbase Earn program to the public in over 100 countries. Coinbase first announced the program at the end of 2018 as an invite-only initiative. The pilot period let users earn cryptocurrency by learning about the ERC-20 token “0x” (ZRX). Coinbase stated that according to a survey they conducted, uninformed users were reluctant to invest in crypto but were eager to learn: “…one of the biggest barriers preventing people from exploring a new digital asset was a lack of knowledge about that asset. Many of the people we surveyed expressed a strong desire to begin learning about new and different crypto assets beyond Bitcoin, but didn’t know where to begin.” Will this program have a grass roots education affect on the crypto world? Many people in the cryptospace celebrated when Flexa and Gemini partnered to deliver digital currency-fueled micro-payments to merchants. Spedn will let consumers shop at major stores including Nordstrom and Lowe’s and pay with crypto across bitcoin, ether, Bitcoin Cash, and Gemini Dollar. What many people are discussing is that Litecoin has been left out of the list. Litecoin Creator Charlie Lee is trying to rallying followers to agree that the “app should let people pay with Litecoin at Whole Foods, Gamestop, and thousands of other merchants. Will litecoin be next on the app, and if so how will this affect the digital asset. The New York Supreme Court has ruled that the scope of the Attorney General’s investigation into Bitfinex and Tether Limited is too broad and needs a time limit. Bitfinex called the ruling a “victory” and insinuates that the case will end up going nowhere. Bitfinex has already admitted that as much as $850 million has been lost while Tether Limited has publicly confessed to only partially backing the world’s oldest stablecoin. Under the order, Tether and Bitfinex can continue business as usual, but Tether Limited may not make any loans to Bitfinex. Moreover, while the injunction has been modified, Bitfinex and Tether are called on to cooperate with the investigation to the best of their ability. Whatever the outcome from this court case, Bitfinex and Tether both find themselves in the crosshairs of one of the least-friendly-to-crypto governments in the U.S, which is of course that of new york state. Despite Bitfinex’s apparent confidence, the effect of this judgment may just be a mild annoyance for the NY Attorney General. A producer of Netflix hit “Mudbound” thinks he has what it takes to make a crypto movie that will be entertaining and accurate about the crypto space.. Using the Twitter handle @CommonEnemyInc, he threw out the idea on social media. Kyle Tekiela is named as a “five-time Emmy award winner and co-founder of Common Enemy” on the company’s website. Fellow enthusiasts yearn for a movie that does the space justice, unlike “Crypto”. The Kurt Russell-starring movie was widely criticized for being produced by people who didn’t understand cryptocurrency. Movies do affect culture, and a series of movies on cryptocurrency may bring much more needed attention to the space. Facebook is back in the crypto news, as the Social media giant has formed a new financial tech firm called Libra Networks, according to a filing on the Geneva Commercial Register. According to the official filing the new firm does the following: “…services in the fields of finance and technology, as well as the development and production of software and related infrastructure, in particular in connection with investment activities, the operation of payments, financing, identity management, data analysis, big data, blockchain and other technologies.” so what happens next, well, Anonymous sources have claimed that Facebook could release a native stablecoin some time in the third quarter of 2019. Many thanks for tuning into today’s episode, please make sure you like share and subscribe, For crypto global news I’m Edward, until next time you take it easy.

One thought on “WILL FACEBOOK LAUNCH A CRYPTOCURRENCY IN 2019?”

  1. If Facebook does launch it's own digital asset, how will this affect the Facebook Marketplace and also financial transactions on its other applications like WhatApp?

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