• Facebook seeks to MySpace Bitcoin. What, too soon? (Composite image by Modern Consensus.)
    Libra

    Facebook’s Libra seeks to MySpace Bitcoin

    The social media giant’s new stablecoin will harness its 2.7 billion users to bring the new cryptocurrency mainstream

    Facebook wants to do to Bitcoin—and maybe even the dollar, euro, and yen—what it did to MySpace and Friendster by launching a new cryptocurrency called libra, announced on Tuesday after months of anticipation and speculation.

  • Facebook
    Cryptocurrencies,  Technology

    Visa, Mastercard, PayPal, Uber among companies joining Facebook stablecoin project

    Wall Street Journal reports the social media giant will unveil GlobalCoin details next week

    Facebook has signed up a who’s who of tech and financial powerhouses to back its forthcoming stablecoin, including Mastercard, Visa, PayPal, and Uber, the Wall Street Journal reported on June 13.

  • Igor Pejic, author of "Blockchain Babel" (publicity photo).
    Technology

    In ‘Blockchain Babel,’ a warning for banks and FinTechs

    Igor Pejic’s new books sees blockchain bringing misunderstanding, opportunities, and looming threats to the financial sector

    If there’s one theory at the heart of Igor Pejic’s new book, “Blockchain Babel: The Crypto Craze and the Challenge to Business,” it is that when it comes to using blockchain technology to remake the banking business, neither the financial institutions looking to maintain their dominance nor the FinTech firms trying to topple them understand each other, or how much they need each other.