Crypto Currency

Facebook battles fake Libra sellers before launching its controversial cryptocoin

Libra already has the dubious honour of being so dodgy that its dodginess is pretty much the only thing U.S. lawmakers from both sides of the aisle  can . It’s been dubbed a “shitcoin” by a sitting congressman, put on tweet-blast by Donald Trump, and sent some other cryptocurrency prices tumbling. To top it all…


Libra already has the dubious honour of being so dodgy that its dodginess is pretty much the only thing U.S. lawmakers from both sides of the aisle  can . It’s been dubbed a “shitcoin” by a sitting congressman, put on tweet-blast by Donald Trump, and sent some other cryptocurrency prices tumbling.

To top it all off, is inspiring some online (ahem) entrepreneurs to try to sell Libra — even though it won’t be available until 2020.

AWashington Post that “roughly a dozen” pages across Facebook and Instagram are pretending to be authorised hubs where users can purchase the currency, using official marketing images and designs, and sometimes even photos of Mark Zuckerberg. Some promise discounted rates available on external third-party sites. 

One video viewed by thePostshowed Zuckerberg accompanied by a voiceover explaining the currency, and claimed 20 million “coins” had already been distributed to “early investors.”

With onlooke

Read More

Be the first to write a comment.

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto Currency

$33B U.S. equity sell-off looms – How will it affect Bitcoin?

U.S. equities are cracking under pressure, so crypto faces a crucial test…

U.S. equities are cracking under pressure, so crypto faces a crucial test…
Read More

Continue Reading
Crypto Currency

Ethereum Price Set To Break Out Against Bitcoin, But How High Can It Go?

The cryptocurrency industry went under intense pressure last week, with Bitcoin and Ethereum leading the crash and multiple cryptocurrencies hitting new multi-month lows. The crash was more pronounced with Bitcoin, though, and the imbalance in selling pressure is quietly shifting the relationship between the two assets. …

The cryptocurrency industry went under intense pressure last week, with Bitcoin and Ethereum leading the crash and multiple cryptocurrencies hitting new multi-month lows. The crash was more pronounced with Bitcoin, though, and the imbalance in selling pressure is quietly shifting the relationship between the two assets. …
Read More

Continue Reading
Crypto Currency

Bitcoin Miner Cango Sells 4,445 $BTC To Cover Collateralized Loan as $SUBBD Makes Waves

What to Know: Cango’s sale of 4,445 $BTC to cover loans underscores the post-halving profitability squeeze facing hardware-dependent mining operations. As infrastructure costs rise for legacy PoW miners, investment flows are shifting toward high-margin software protocols in the AI and Web3 sectors. SUBBD Token uses AI and Ethereum smart contracts to disrupt the $85B creator

What to Know: Cango’s sale of 4,445 $BTC to cover loans underscores the post-halving profitability squeeze facing hardware-dependent mining operations. As infrastructure costs rise for legacy PoW miners, investment flows are shifting toward high-margin software protocols in the AI and Web3 sectors. SUBBD Token uses AI and Ethereum smart contracts to disrupt the $85B creator economy…
Read More

Continue Reading
Crypto Currency

Saylor Buys $90M-Worth of Bitcoin Amidst Full Market Crash, While $HYPER Breaks Records

What to Know: MicroStrategy purchased an additional $90M in Bitcoin during the market crash, signaling strong institutional conviction despite bearish retail sentiment. Bitcoin Hyper utilizes the Solana Virtual Machine (SVM) to bring high-speed smart contracts and sub-second finality to the Bitcoin network. Despite the broader market downturn…

What to Know: MicroStrategy purchased an additional $90M in Bitcoin during the market crash, signaling strong institutional conviction despite bearish retail sentiment. Bitcoin Hyper utilizes the Solana Virtual Machine (SVM) to bring high-speed smart contracts and sub-second finality to the Bitcoin network. Despite the broader market downturn…
Read More

Continue Reading