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Facebook s Libra Flopped Before the Crypto Boom, but Zuck Never Gives Up

It s been nearly two years since Facebook launched its ill-fated Libra cryptocurrency effort. Since then, the popularity and acceptance of cryptocurrencies has soared. But while the world has left Libra for dead, Facebook has not given up on its crypto dreams. In June, 2019, Facebook unveiled plans to create a digital currency called Libra that, once released the next year, would be pegged to hard currencies including the US dollar. As Facebook spun things, Libra would be a democratizing force, a salve for the unbanked, the tech giant s benevolent gift to the world.  It was a sound-and-fury announcement greeted with attendant shock and awe: by cryptocurrency advocates who had dreamt of such a powerhouse getting behind their cause; by established payments players and their merchant customers excited by the convenience of non-government-controlled money transfers; and, less enthusiastically, by governments themselves, chagrined by the notion that Facebook might usurp their autho

Fidelity Joins Crypto Firm Paradigm To Create New Crypto Trade Group

Fidelity Joins Crypto Firm Paradigm To Create New Crypto Trade Group Last Updated: 08 April 2021 Fidelity Investments, Coinbase, and other U.S-based businesses have created a cryptocurrency trade group to shape the way Bitcoin and other cryptocurrencies are regulated. The group, called the Crypto Council For Innovation, aims to ensure that policymakers understand the importance of cryptocurrency innovation to promote favorable industry regulations. New Cryptocurrency Trade Group Unveiled The council convened by crypto investor Paradigm also has payment solution provider Square as a member organization. As stated in the announcement, the CCI would also educate the public on cryptocurrencies, appoint a board with representatives from each of its four initial members, and implement an executive team.

Coinbase and Square set to launch an initiative for crypto growth

Coinbase and Square set to launch an initiative for crypto growth
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Coinbase reveals $1 8 billion in Q1 earnings just days ahead of public listing

4/7/2021 4:01:52 AM GMT Coinbase has seen massive growth in its revenue in Q1 2021. The surge in revenue and users were in part due to the growth of the price of cryptocurrencies. The crypto exchange expects to see further growth in 2021, after its public listing on April 14.  Coinbase released its Q1 earnings report, along with the company’s expected future growth plans for new features and supported assets in 2021. Coinbase expects more growth for the rest of 2021 Major cryptocurrency exchange Coinbase announced its Q1 earnings results, with a total revenue of roughly $1.8 billion, up from around $190 million in the first quarter of last year. The company’s net income for the quarter is estimated between $730 million to $800 million. 

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