Facebook’s Libra could launch in January

Facebook’s Libra could launch in January

According to a report from the Financial Times, Facebook-backed cryptocurrency Libra could launch in January. More interestingly, the Libra Association, the consortium created by Facebook, could scale back its ambitions once again. When it was first unveiled, the Libra cryptocurrency was supposed to be a brand new currency tied to a basket of fiat currencies…

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Daily Crunch: Quibi is shutting down

Daily Crunch: Quibi is shutting down

The end is in sight for Quibi, PayPal adds cryptocurrency support and Netflix tests a new promotional strategy. This is your Daily Crunch for October 21, 2020. The big story: Quibi is shutting down The much-hyped streaming video app led by Jeffrey Katzenberg and Meg Whitman, which raised nearly $2 billion in funding, is shutting…

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Bitcoin rally sends world’s top cryptocurrency ahead of gold and silver

Bitcoin rally sends world’s top cryptocurrency ahead of gold and silver

Bitcoin‘s price (BTC) jumped 8% on Thursday to almost break $13,000, its highest point since July last year. The rally comes hours after PayPal revealed it would soon support buying, selling, and holding BTC, Ethereum, Litecoin, and Bitcoin Cash. Today’s Bitcoin’s price peak means the world’s most popular cryptocurrency has now eclipsed gold and silver to become the…

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