Facebook Cryptocurrency Chief Says Libra Is Not a Threat to Bitcoin

Published: 20/06/2019 07:39 ET. Journalist: By CCN Markets: Facebook confirmed that its new cryptocurrency Libra isn’t designed to kill or compete with bitcoin. David Marcus, the man leading Facebook’s crypto efforts, said Libra and bitcoin can co-exist with differing use cases and that’s he a big fan of BTC. In a tweet yesterday, he explained …

Global Policy Makers Are Up in Arms About Facebook’s Libra Coin

Published: 18/06/2019 20:30 EST. Journalist: By CCN Markets: Facebook is already under fire from regulators less than a day after officially revealing its cryptocurrency whitepaper. Based on three separate talks, it’s clear top government and bank officials from around the world are preparing to regulate Facebook Libra. Cryptocurrencies like bitcoin transcend national borders, and project …

GlobalCoin Among Facebook’s ‘Most Important’ Launches, Squeals Banker

By CCN Markets: Analysts at Royal Bank of Canada (RBC) Capital Markets predict that Facebook’s upcoming cryptocurrency, GlobalCoin, could be the company’s most significant achievement yet. In a message to investors, RBC managing director Mark Mahaney writes: “We believe this may prove to be one of the most important initiatives in the history of the …

Facebook Stock Plunges After WSJ Drops Bombshell Privacy Report

By CCN Markets: Facebook stock plunged during mid-day trading on Wednesday after the Wall Street Journal published a bombshell report connecting CEO Mark Zuckerberg with questionable privacy practices at the social media behemoth. Facebook Stock Drops Nearly 3% in Minutes After WSJ Publishes Report FB shares dropped as low as $172.88 in the immediate aftermath …

CCN is Shutting Down after Google’s June 2019 Core Update

Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight. Our traffic has experienced a massive impact by Google’s June 2019 Core Update. Image from Sistrix.com.   CCN’s visibility index on Sistrix.com shows how …