Tag: facebook
• Facebook broke key support level 245.80 • Likely to fall to support level 220.00 Facebook recently fell sharply breaking through the key support level 245.80 (previous monthly low from September and January). The breakout of the support level 245.80 accelerated the active medium-term downward impulse wave (3). Facebook can be expected to fall further […]
• Facebook reversed from support zone • Likely to rise to resistance level 327.00 Facebook recently corrected up from the support zone lying between the key support level 307.00 (which has been reversing the price from last May) and the lower daily Bollinger Band. The support zone near the support level 307.00 was strengthened by […]
The long-awaited digital currency Libra could finally see the light of day as soon as January 2021, according to a new report. Expected in January, the exact launch date is still not known and would depend on when the Libra Association receives regulatory approval by the Swiss Financial Market Supervisory Authority, or FINMA, to operate […]
Facebook will not launch the cryptoccurency Libra until it has fully addressed regulatory concerns. The remarks are prepared testimony he plans to give tomorrow, in front of the US Senate Banking Committee. Because the Libra Association is headquartered in Switzerland, Marcus says he expects the currency to be regulated by Switzerland’s financial regulator. The association is currently in “preliminary […]
Facebook is planning to set up a digital payments system by the first quarter of 2020, which will be available in many countries according to BBC. The social media giant wants to start testing its crypto-currency, which has been referred to internally as GlobalCoin, by the end of this year. Facebook is expected to outline […]
Facebook is seeking USD 1 billion in external funding for its forthcoming stable coin that is building within the blockchain division of the company. The company has been tight-lipped about the purpose and progress of the coin, but Facebook has so far hired at least 30 people to the division with David Marcus – former […]
