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Thread: Crypto Prices Gain; Ripple CEO Says Facebook Responsible for Libra Criticism

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    Lightbulb Crypto Prices Gain; Ripple CEO Says Facebook Responsible for Libra Criticism

    Crypto Prices Gain; Ripple CEO Says Facebook Responsible for Libra Criticism


    Prices of Bitcoin and other major cryptocurrencies rose on Friday in Asia. Ripple CEO Brad Garlinghouse’s comments received some focus after he said Facebook (NASDAQ:FB) itself is responsible for all negative feedback surrounding Libra.

    Bitcoin gained 3.9% to $10,388.6 by 1:15 AM ET (05:15 GMT). Ethereum rose 1.1% to $215.01. Litecoin inched up 0.3% to $97.015.

    XRP underperformed and slipped 0.3%.

    Garlinghouse noted that Facebook “was going too far” by saying that it was going to become a new currency.

    “I think the U.S. dollar works pretty well. We don’t need a new flat currency,” he told Bloomberg.

    Bitcoin declined 7% in July, its first monthly drop after five straight months of gains. News that Libra’s proposed launch is likely to be delayed amid heavy scrutiny from global regulators was cited as the main catalyst for the selling.

    In other news, Hong Kong-based airline Cathay Pacific said it has introduced the first blockchain project to manage its unit load devices, which are containers used to load luggage, freight and mail, allowing a large quantity of cargo to be bundled into a single unit.

    The new project could reduce paper-based processes, saves ground crews time and helps prevent delayed flights, according to reports.

    The airline provides cargo and passenger services to more than 200 destinations around the world.

    Source: www.investing.com

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    A consortium led by Facebook recently announced the introduction of a new cryptocurrency, the Libra. Unlike most other cryptocurrencies, the Libra will be fully covered by financial assets. One of the aims of the Libra is to connect billions of people who do not yet have access to financial services to the financial system. The effects of the Libra will therefore first be felt in emerging markets, but soon this crypto can also manifest itself elsewhere. If the Libra actually gets off the ground, it potentially also has a greater impact on the financial system than other cryptos.

    Edit: Follow these 23 top Crypto Facebook pages: https://cryptolinks.com/facebook-cryptocurrency
    Last edited by nathandev; 08-26-2019 at 02:10 PM. Reason: Would like to add crypto fb pages for users.

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