Items tagged with libra

Facebook's attempt to create a cryptocurrency appears to be stillborn as major partners are pulling out of the project. PayPal backed out of the project recently, and now reports indicate most of the other major backers have walked away. Facebook has now lost the backing of Mastercard, Visa, eBay, and Stripe. Regulators around the world have put the Libra project under a microscope for months. Facebook announced its Libra project in June and intended to have the cryptocurrency available in 2020. The plan was to integrate Libra into Facebook services and use the currency for e-commerce transactions on its platform and others. Initially, there were several major backers of the project, and those... Read more...
The cryptocurrency market is full of peaks and valleys but at the moment, it appears that Bitcoin has hit a peak. Bitcoin surged past $11,000 USD for the first time in a year. The value of Bitcoin has jumped by 13% in the last 24 hours. Although the cyrptocurrency’s value dropped slightly once the heat of the excitement wore off, it is currently sitting pretty at roughly $10,600. Other cryptocurrencies such as Ethereum have also hit a ten-month high. Bitcoin reached an all-time high in December 2017 at nearly $20,000. Its value dipped by 74% at the beginning of 2018, thanks to a slew of cryptocurrency regulations. A Bitcoin was only worth roughly $3,100 at the end of December 2018, but... Read more...
The era of cryptocurrency is not behind us, apparently. One look at Bitcoin's value—it sits at around $9,143 currently—indicates that there is room for at least one type of digital coin, even after the crypto-bubble burst last year in general. It is not just Bitcoin, though. Facebook is making a major move into the cryptocurrency space and has the backing of some major payment firms. Facebook's new and open-source digital currency is called Libra. It will be managed by Calibra, a newly formed Facebook subsidiary, with the goal of providing financial services all around the globe while leveraging blockchain technology. The first product that Calibra will introduce is a digital wallet... Read more...
Things have been relatively quiet so far in 2018 on the Surface hardware front. There was a bevy of activity last year with the launch of the Surface Laptop, the fifth-generation Surface Pro and the Surface Book 2. Now, according to a new report, Microsoft is gearing up for another flurry of new hardware devices in 2019. The reporting comes courtesy of Thurrott, which says that three new devices are in the works. The first of these new Surface hardware products is codenamed Libra, and will be a low-cost tablet that will slot in below the Surface Pro. The Surface Pro starts at $799 (Intel Core m3, 4GB RAM, 128GB SSD), so it’s possible that pricing for this device entry-level Surface... Read more...