Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
The news surrounding Facebook’s much-anticipated cryptocurrency project, Libra, in the past few months has been nothing but negative. Regulators have come down like a ton of bricks on the project with a number of major nations doing all they can to try and sink the project.
Regulatory pressure has been far more extreme than many would have imagined, beginning with the USA calling Facebook to a Senate hearing to discuss their plans and relay the fact that the company could not create its own currency.
More so, the likes of France and Germany then stepped in to say that Libra was a threat to the national sovereignty of global currencies. However, this has been dispelled by the head of the project, David Marcus, even though it has fallen on deaf ears.
Facebook has had to state that if they do not get regulatory greenlights across the globe there may not be a launch of the project at all, however, in recent comments, the project has reaffirmed that they are still looking forward to the 2020 launch.
However, as Facebook now turns to its Libra Association members to reaffirm their commitments to the project, there appears to be a little reluctance from some major names. According to Bloomberg Visa, Mastercard, PayPal and Stripe are unsure whether they wish to become paid-up participants in Facebook’s Libra digital currency.
It appears that in the leadup to the launch of the project, where there was a lot of excitement and optimism, the Libra association members where assured that the regulatory concerns that could come would be easily handled and not a threat.
With this transpiring to not be the case, it appears as if some of these major backers are now spooked and not willing to fully commit, and part with $10 million, for a project that may not come to be.
Executives at the payments companies believe Facebook oversold the extent to which regulators were comfortable with the project and are concerned about the perception that the social network hasn’t behaved responsibly in other areas,” the Bloomberg report reads.
The Association is intended to help both the members, as they have access to the Library network and will be one of the first in this potentially groundbreaking financial advancement, but it is also intended to benefit Facebook and Libra.
As part of signing on to be a paid-up member, which could happen as soon as 14 October, the companies would have to pay $10 million and act as nodes for the blockchain network which Libra will run on top of.
With all these rumours circling, there has been some talk out of these companies which seems to dispel the issues, but does not say too much more in relation to the teething problems. A Stripe spokesperson appeared to deny any problems between the company and Facebook, adding:
“Nothing has changed with our involvement with Libra since we came on to participate.”
XRP has spent much of 2024 and early 2025 fighting two battles at once. On one front, investors and analysts debate its price...
1 day ago | Kyle Turner
Short-Term Targets: Navigating the $2–$3 Range
1 day ago | Kyle Turner
Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
Trending
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Could Trump’s 100-Day Speech Send Bitcoin Soaring Past $100K?
1 day ago | john doe
Memecoins & Altcoins: What’s Worth Buying Now?
2 days ago | john doe
Moonshot or Mirage? The Wildest Bitcoin Price Predictions for 2025 and Beyond
5 days ago | David Paterson
XRP’s 2025 Breakout: Can Ripple Surpass $5 in the Next Bull Run?
5 days ago | Nicolas Leroy
Tezos (XTZ) Review 2024: Everything You Need to Know Before Buying Tezos
.article-container { font-family: Arial, sans-serif; line-height: 1.6; color: #333; backgrou...
Chromia (CHR) Review 2024: Everything You Need to Know Before Buying Chromia
Illuvium (ILV) Review 2024: Everything You Need to Know Before Buying Illuvium
My Neighbor Alice (ALICE) Review 2024: Everything You Need to Know Before Buying My Neighbor Alice
Star Atlas (ATLAS) Review 2024: Everything You Need to Know Before Buying Star Atlas
OQtima
Oqtima is an emerging online trading platform that offers a wide range of financial instruments, inc...
Saxo
Saxo Bank is a leading global online broker offering a wide range of financial instruments, includin...
FXCC
.article-container { font-family: Arial, sans-serif; line-height: 1.6; color: #333; background-c...
Quadcode Markets
Quadcode Markets is an online brokerage offering a wide range of financial instruments, including fo...
Trading 212
Trading 212 is a popular online broker offering a range of financial products including stocks, ETFs...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Libra Association Members Backtracking on Commitment to the Cryptocurrency
The news surrounding Facebook’s much-anticipated cryptocurrency project, Libra, in the past few...
New Attacks From North Korea-Linked Lazarus Group Reported
Reports have emerged which blame the notorious North Korea-linked ‘Lazarus’ group to a string of...
FBS
.article-container...
Bitcoin Hits Highest Level Since 2018
Bitcoin hits the highest levels since 2018 to trade at $15k. The volatility is a result of US...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
COMMENTS (0)