#Libra

Ubiquitous and private corporate money. Isn’t it a scary concept, no matter where you lean on the political spectrum? The very phenomenon of Libra is somewhat underrated in the media, but it is possible that the ramifications of Libra going live will exceed our expectations.

For many crypto investors and rookie traders, 2019 was a year of much despair and uncertainty. The year started with a sharp drop in Bitcoin’s price, followed by a lengthy period of stagnation. The ICO fever, the once sacred cow of crypto, has all but died down. Several new blockchain projects popped up but ultimately […]

Some people in the crypto-community expect mass adoption to come with big players from traditional markets. Some see it coming along the growing set of real use cases for crypto, certain regulatory initiatives, or particularly ambitious projects.

Libra made a lot of news over the last year. Surely, an arguably promising project developed and promoted by none other than Facebook was guaranteed to draw attention. Apparently, it was also a serious threat to the existing monetary system, so the project faced fierce opposition from regulators around the world.

In retrospect, Libra was the hype of 2019. Facebook, global payment processing, cryptocurrency all mushed together in a reptilian power fantasy. “What could have gone wrong?” we ask ourselves as we watch Vodaphone coyly quit the Libra Association, becoming the eighth company to pull out of the project.