Friday, 23 August, 2019

Facebook's new cryptocurrency may launch this month, a report says

Facebook reportedly launching new cryptocurrency in June Facebook to launch cryptocurrency this month — report
Russell Knight | 12 June, 2019, 05:28

A Facebook executive revealed that detail and also said the social network's cryptocurrency will be a stablecoin pegged to a basket of fiat currencies rather than just the US dollar.

The token will be initially accepted and used in Facebook's range of products such as WhatsApp, Messenger and Instagram, but Facebook's vision for Libra is an ambitious one, with the company also believed to be planning ATM-like physical terminals.

Despite all the different sources of information reporting the planned launch date of the cryptocurrency, it might be more important to actually know how the digital currency is set to work so as to be ready for it whether next year or on June 18th.

Still, we don't have much information regarding Facebook's Cryptocurrency but we do have reports regarding the same.

The move aligns with Facebook's push into e-commerce.

Messi unseats Mayweather as highest-paid athlete
Formula One driver Lewis Hamilton and boxer Anthony Joshua (both at $US55 million) were the highest-earning British athletes. It all added up to a huge $127 million for Messi , who eclipsed Ronaldo's $109 million earnings by a whopping $18 million.

Donald Trump, Mexico snipe over supposed side deal
The United States wants Mexico to be declared a safe third country in which asylum seekers would have to seek safe harbor instead of the United States, a demand Mexico has long rejected.

Yuvraj Singh Deserved a Better Send Off: Rohit Sharma
Yuvraj came into India's One-day International (ODI) team in October 2000 during the ICC knockout tournament in Nairobi. The left-handed batsman played in 132 matches in his IPL career and scored 2,750 runs and took 36 wickets .

Also, in order to raise $1 billion, Facebook is allegedly been talking to major payment networks Visa and MasterCard that reportedly involves a stablecoin along with a crypto-powered online payments system. Reportedly, Facebook is preparing well by negotiating with financial institutions to help raise $1 billion worth of global flat currencies and securities with low risks that will serve as indemnity for the token's stability. To make the currency viable, Facebook has been working with governments to get approval for the token's use.

She added that she thinks Facebook will pay interest to the users of its cryptocurrency, and that data privacy discussions "are about to extend to money".

Laura McCracken, Facebook's head of financial services and payment partnerships for Northern Europe said that GlobalCoin would be revealed later this month, saying that a white paper for the token would be published on June 18.

Not everyone at Facebook is as excited for its cryptocurrency venture as Zuckerberg. And the main focus for Facebook would be fund transfer via remittance which is to send money home to family members. According to The Information, chief operating officer, Sheryl Sandberg, and chief financial officer, David Wehner, have expressed reservations internally.

Recommended

  • NASCAR Cup race at MI  to take place Monday

    NASCAR Cup race at MI to take place Monday

    Last year, Clint Bowyer scored a rain-shortened win in a race that was called after 133 of the scheduled 200 laps. Biffle will hop in and take the wheel of the the #51 Toyota for Kyle Busch Motorsports.
    Mitchell Marsh Called Up As Cover For Injured Marcus Stoinis

    Mitchell Marsh Called Up As Cover For Injured Marcus Stoinis

    But Pakistan captain Sarfaraz says his compatriots will not resort to such tactics. "I don't think Pakistani people will do that". Indian skipper Virat Kohli soon intervened and urged fans to cheer instead of booing Smith for the infamous sandpapergate.
    Four bodies found as salvage crews lift capsized Hungarian tourist boat

    Four bodies found as salvage crews lift capsized Hungarian tourist boat

    Recovery efforts had been hampered by high springtime water levels, strong currents and near-zero visibility under the waterline. Nineteen South Korean tourists and a Hungarian crewman have previously been confirmed dead, with eight people still missing.
  • LEGO Star Wars: The Skywalker Saga - Official Reveal Trailer

    If all goes as planned, LEGO Star Wars fans will have a bevy of content on their plates. Star Wars: Jedi Fallen Order comes out on November 15.
    David Ortiz may have been targeted by crooked cop hit man

    David Ortiz may have been targeted by crooked cop hit man

    Although initial reports suggested that Ortiz was shot during a robbery, police no longer believe that to be the case. Ortiz played 20 Major League Baseball seasons before retiring at the end of the 2016 season.
    Radiohead Release 18 Hours of Leaked 'OK Computer' Sessions

    Radiohead Release 18 Hours of Leaked 'OK Computer' Sessions

    Last week, Radiohead were victims of a hacker, who stole 18 separate minidiscs from frontman Thom Yorke . Extinction Rebellion called the response "unprecedented support ".
  • Jon Stewart rails against Congress during hearing on 9/11 Victims Compensation Fund

    Jon Stewart rails against Congress during hearing on 9/11 Victims Compensation Fund

    Alvarez told the House Judiciary Subcommittee on Civil Rights and Civil Liberties that, "You all said you would never forget". Several members of the NY congressional delegation, including House Judiciary Committee Chairman Jerry Nadler and Rep.
    Zelda: Breath of the Wild sequel in the works

    Zelda: Breath of the Wild sequel in the works

    Nintendo showed a short trailer for the sequel during its presentation at the E3 gaming show in Los Angeles. There are still some more fighters to go, including the just-announced Dragon Quest Hero and Banjo-Kazooie.
    Ivan Golunov, accused Russian reporter, to go free after outcry

    Ivan Golunov, accused Russian reporter, to go free after outcry

    Given the gravity of the accusations the decision is being seen by supporters as a sign that they are anxious about the outcry. During his two decades in power, President Vladimir Putin has silenced most of his critics and muzzled the media.
  • Alex Morgan goes Steph Curry with goal celebration

    Alex Morgan goes Steph Curry with goal celebration

    It stands as the largest victory in an worldwide match. "When you get a deluge of goals like that, it's a good feeling". She was the first to get the USA on the board, scoring in the 12th minute and then again in the 53rd minute.
    United States of America  vs. Thailand Live Stream

    United States of America vs. Thailand Live Stream

    Alex Morgan scored a record-tying five goals and 21-year-old Mallory Pugh scored off of the bench in her Women's World Cup debut. Morgan refused to settle for a hat trick and tied this record by netting her final two goals in the 81st and 87th minutes.
    Lebanese businessman Nizar Zakka leaves Iran for Beirut after his release

    Lebanese businessman Nizar Zakka leaves Iran for Beirut after his release

    Nizar Zakka, who has USA residency, flew to Beirut with Lebanon's security chief Abbas Ibrahim, the official told Reuters. He had just attended a conference there on the invitation of one of the country's vice presidents.

What's Causing The Huge Mass Anomaly Beneath The Moon? What's Causing The Huge Mass Anomaly Beneath The Moon? The dense mass-"whatever it is, wherever it came from"-is weighing the basin floor downward by more than half a mile, he said". So, some 4 billion years ago, a mostly metallic asteroid hit the moon and remains embedded in the mantle to this day.

US Women's National Team: Alex Morgan Set To Shine At France 2019? US Women's National Team: Alex Morgan Set To Shine At France 2019? Would you tell a men's team to not score or celebrate?" It wasn't long after that Morgan was named a member of the U.S. And once again at the head of the squad is Alex Morgan , one of the US team's captains and starting forward.

Sudan businesses shut as protesters keep up civil disobedience Sudan businesses shut as protesters keep up civil disobedience The Central Committee for Sudanese Doctors blamed forces supporting the ruling generals for the deaths on Sunday. The US's top diplomat for Africa is going to Sudan this week amid unrest, the state department said on Monday.

Marta ruled out for Brazil’s first World Cup match Marta ruled out for Brazil’s first World Cup match I hope we can qualify for the knockout stage because these two goals are meant to help us do just that". Marta returned to practice last Tuesday after missing out on training since May 24 with the injury.

Mexico reveals border infrastructure plan; Trump vows migration deal details Mexico reveals border infrastructure plan; Trump vows migration deal details Trump has dangled the prospect of renewing his tariff threat if the USA ally doesn't cooperate to his liking. Trump blasted that report, calling it a "FRAUD" and "nothing more than a badly reported "hit job" on me".

Cyclone Vayu: 10 Chinese ships seek shelter in Ratnagiri Cyclone Vayu: 10 Chinese ships seek shelter in Ratnagiri Cyclone Vayu , season's first in the Arabian Sea has finally formed and is likely to see further intensification as well. Early Tuesday morning, it will intensify into a cyclonic storm and severe cyclonic storm in the subsequent 24 hours.

FIFA Women's World Cup Wrap 08 June 2019 FIFA Women's World Cup Wrap 08 June 2019 The NFF has done well by ensuring good preparation for the team, with the tournaments that we played. They face South Korea and hosts France in their remaining group phase matches.

Collins: 'The '70s called, they want their star witness back' Collins: 'The '70s called, they want their star witness back' Sorry, no Do Overs - Go back to work!" Besides Dean, two former US attorneys and a legal scholar are scheduled to appear. And he pointed out very clearly, if we had had sufficient information to exonerate the president, he would have said so.

Nokia 3.1 comes to the U.S. via special AT&T and Cricket models Nokia 3.1 comes to the U.S.  via special AT&T and Cricket models While the Nokia 3 .1 A and Nokia 3 .1 C comes with the same hardware, they will be available through two different carriers. This device also misses out on a dual rear camera setup, which has become mainstream even in the budget segment these days.

Final Fantasy VII Remake Game's Trailer Unveils Tifa Final Fantasy VII Remake Game's Trailer Unveils Tifa This is the mysterious game they announced with Square Enix back in 2017 and... we still don't know much more now. Now, the wait is over, as Final Fantasy VIII Remastered will be coming to Steam, PS4, Switch and Xbox One.

PM Modi asks target oriented five-year plan document for each Ministry PM Modi asks target oriented five-year plan document for each Ministry Following the meeting, Modi also interacted with some secretaries who did not get a chance to speak during the meeting, over tea. Modi was in the Maldives on his first official overseas trip since being elected to a second term.

President Trump defends using trade tariffs President Trump defends using trade tariffs The United States is seeking sweeping changes, including an end to forced technology transfers and theft of USA trade secrets. Earlier, it insisted that the trade friction with Washington was not taking much of a toll on its global business.

Daily Online Edition of The Sunday Times Sri Lanka Daily Online Edition of The Sunday Times Sri Lanka The President said that those who have appeared before the PSC so far are former officers or officials and not current officers. Sirisena told his police top brass on Friday that he would not allow any police, military or intelligence personnel to testify.

UK PM candidate Harper: I want a new Brexit deal UK PM candidate Harper: I want a new Brexit deal The date has been pushed to October 31 but Britain is still no closer to negotiating the terms of its departure with the EU. An 11th, Sam Gyimah, withdrew shortly before the announcement saying he had not been able to build sufficient support.

Gwyneth Paltrow reveals unorthodox living arrangement with husband Brad Falchuk For those who might scoff at this setup, Paltrow tells the Times , via Vanity Fair : "I don't care about the haters. She elaborated on the trip in January, calling it a "very modern honeymoon " on Live with Kelly and Ryan .