NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

No, a Facebook Libra Delay Would Not Cause a Crypto Crash

Martin Young
Martin Young
5 years ago
2 mins read
facebook crypto libra

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The world’s largest social media company has faced nothing but criticism since it announced grand plans to dominate global finance markets with its own crypto coin. Red flags were raised by governments and central banks across the planet over the threat that Libra proposes to their own sovereignty.

 Zuckerberg’s Crypto Woes

In an interview with the Nikkei Asian Review, billionaire Zuckerberg admitted that Libra’s lofty ambitions may take a bit longer to reach fruition. He avoided the question on a 2020 launch replying;

“Obviously we want to move forward at some point soon [and] not have this take many years to roll out. But right now I’m really focused on making sure that we do this well.”

He added that the company was already behind in work in areas such as protecting privacy, ensuring users’ well-being, and preventing election interference. In other words the concerns of regulators around the world were fully justified.

Forbes, which often barks up the wrong digital tree with regards to Bitcoin price movements, has hinted that this may be related this week’s crypto market crash. In reality, it is highly unlikely that anything Facebook does is remotely linked to Bitcoin or its frequently witnessed price swings.

The outlet goes on to say that Libra could be a potential Bitcoin competitor but if this was in any way true then crypto markets would benefit from Facebook putting the anchors on its plans.

Facebook is still reeling from scandals involving data and news manipulation, personal privacy violations, hacks and server breeches, and antitrust suits. The notion of it being able to freely launch its own currency with virtually no culpability to a potential 2 billion users without attracting backlash was simply asking too much.

Ripple Exec: Libra is a ‘walled garden’

The project has attracted criticism from industry as well as government. According to CNBC Ripple’s senior vice president of customer success, Marcus Treacher, likened the crypto project to a ‘walled garden’.

This term is often applied to the likes of tech giants such as Apple which retain a tight grip of control over their products and the user experience with them. Ripple in a way could wear the same label over its centralized products but Treacher defended them anyway.

“Yes it’s a network, but it has no parameter. It connects with all of the players that want to use the technology.”

Ripple’s XRP token, which powers its xRapid cross border payments platform, hit a 20 month low this week of $0.22 according to Tradingview. Major token movements by the company in recent week have angered the community and investors which dumped XRP back to levels prior to its massive surge in late 2017.

Facebook’s Libra has not impacted crypto markets as it is an entirely different animal, other economic factors may have attributed though.

Image from Shutterstock
Tweet123Share226ShareSend
Martin Young
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

Leave a Reply Cancel reply

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

Leave a Reply Cancel reply

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

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

XRP

XRP Price Forms Bull Flag On The Weekly Chart: Analyst’s $23 EOY Target Swims Into View

The XRP price is flashing a bull flag pattern on its weekly chart, hinting at an explosive breakout ahead. A...

Scott Matherson 2 hours ago
xrp price xrpusdt

XRP Price Prediction Today: Bulls Eye Next Breakout After Key Resistance Flip

XRP has finally broken above a major resistance zone, igniting fresh bullish momentum across the market. Related Reading: Dogecoin Bulls...

James Halver 3 hours ago
Bitcoin

Lower Bitcoin Dominance Reinforces Altcoin Strength — Here’s How

Bitcoin has been the undisputed leader of the crypto market, but the balance of power is starting to shift. Recent...

Godspower Owie 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

ethereum eth

Ethereum Faces September Profit-Taking Risks Despite $638M ETF Boost

James Halver 3 minutes ago
dogecoin-previsions-maxi-doge-heritier-crypto

Dogecoin Price Could See Another Double-Digit Surge This Week As These Developments Take Place

Sandra White 1 hour ago
etf-memecoins-etats-unis-reglementation-crypto

Les ETF memecoins aux États-Unis : quel impact pour la réglementation crypto ?

guillaumev 1 hour ago

Premium Sponsors

Press Releases

  • Najlepšie kryptomeny na investíciu v roku 2025

    Ktorú kryptomenu kúpiť teraz | Najlepšie kryptomeny na...

    24 minutes ago
  • Którą kryptowalutę kupić teraz | Najlepsze kryptowaluty do inwestowania w 2025 r.

    Którą kryptowalutę kupić teraz | Najlepsze kryptowaluty...

    2 hours ago
  • Melyik kriptovalutát érdemes most megvenni | A legjobb kriptovaluták, amelyekbe 2025-ben érdemes befektetni

    Melyik kriptovalutát érdemes most megvenni | A legjobb...

    2 hours ago
  • 5 криптовалути, които да следим...

    2 hours ago
  • Najlepsze altcoiny do kupienia przed decyzją FED z 17 września w sprawie stóp procentowych

    Najlepsze altcoiny do kupienia przed decyzją FED z 17...

    2 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.