CCN

Facebook’s Crypto Libra May Kill Launch in India, Its Biggest Market: Report

Published: 20/06/2019 06:26 ET. Journalist: By CCN Markets: Facebook’s cryptocurrency Libra is expected to change the way payments are made across the globe when it launches next year, but there’s one market that the social media giant might be giving a miss – India. The Economic Times, India’s biggest business daily, reports that Libra will …

CCN

Electronics Giant Samsung Prioritizes Blockchain in 10-Year Roadmap

Published: 20/06/2019 06:08 ET. Journalist: By CCN Markets: Samsung Electronics vice chairman Jay Y. Lee has revealed a marked focus in future technologies – part of its 10-year strategy – with a focus on blockchain, artificial intelligence (AI), and 6G. Lee, who is often seen as the face of the Samsung, held meetings last week …

CCN

Bitcoin Price Storms 151% YTD as Facebook’s Libra Boosts 2019 Rally

Published: 20/06/2019 04:47 ET. Journalist: By CCN Markets: Bitcoin is up more than 151 percent against the U.S. dollar year-to-date at $9,300, surpassing most assets and stock indices in the likes of Nasdaq 100 and S&P 500 with ease in six-month performance. The bitcoin price is up nearly $1,200 in the past week (source: coinmarketcap.com) …

CCN

‘A Clear Threat’: Big Four Australian Bank Fears Facebook’s Crypto Libra

Published: 20/06/2019 03:21 ET. Journalist: By CCN Markets: Facebook’s foray into cryptocurrencies with Libra has met with a ton of mixed reactions. While some are going gaga over the social media giant’s latest effort that’s supposed to enable cross-border payments at the tap of a button, the traditionalists are taking a dim view. Governments across …

CCN

Facebook Libra’s Stark Reminder: Mass Regulation Before Mass Bitcoin Adoption

Published: 20/06/2019 02:34 ET. Journalist: By CCN Markets: As expected, the US government has an interest in Facebook’s Libra project. The biggest regulatory organization in the world is sure to take notice when the world’s largest social network moves into the world of banking and personal finance. Suddenly, Blockchain is Legitimate Facebook’s aims are from …

CCN

John McAfee Trolls Winklevii on Bitcoin, Says Cameron Is ‘True Power’

Published: 19/06/2019 22:45 ET. Journalist: By CCN Markets: You might think that Tyler Winklevoss has gotten ahead of himself by predicting the bitcoin price could cross $15,000 if it surpasses the $10,000 level. That is unless your name is John McAfee, in which case that forecast is absurdly low. McAfee is doubling down on his …

CCN

Bond King Says Trump Might Drop Out of 2020 Election if Economy Falters

Published: 19/06/2019 21:45 ET. Journalist: By CCN Markets: Even though Donald Trump kicked off his 2020 presidential campaign last night in Florida in front of a crowd of roughly 20,000, Wall Street isn’t entirely convinced that he’s committed. Jeffrey Gundlach, who is nicknamed the Bond King and whose firm DoubleLine Capital oversees $115 billion in …

CCN

Facebook Contractor: “It’s Like a Sweatshop in America” – One Contractor has Died & Many Fear for Their Lives

Published: 19/06/2019 21:13 ET. Journalist: By CCN Markets: An exposé published at TheVerge.com revealed at least one Facebook moderation center is akin to a third world sweatshop. This should come as no surprise given what we already know about Facebook’s company culture. Facebook Whistleblowers Step Forward Facebook outsources moderation services to Cognizant, a publicly-held $35 …

CCN

Uber’s “Crypto” Libra Support Could Be The End of The Giant

Published: 19/06/2019 20:29 ET. Journalist: By CCN Markets: There’s a lot of irony in Uber’s lack of crypto acceptance contrasted with its support of Facebook’s Libra project. The company will play a vital role in the early stages of the network, and presumably, it will be one of many vendors who accept the “crypto” out of …