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Facebook Acknowledges Libra May Never Be Launched

Niji Narayan

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Facebook Acknowledges Libra May Never Be Launched
Image Source: vanityfair.com
Reading Time: 1 minute

 

Facebook has acknowledged that its plan to launch Libra cryptocurrency may be disturbed due to regulatory scrutiny. The strong push-back from international regulators and authorities may force Facebook to delay the launch. The mixed response from the community also makes it difficult to access the potential market acceptance of such currency.

In its latest quarterly report, Facebook warned that it couldn’t guarantee Libra “will be made available on time, or at all” due to various factors.

“Libra has drawn significant scrutiny from governments and regulators in multiple jurisdictions and we expect that scrutiny to continue. We do not have significant prior experience with digital currency or blockchain technology, which may adversely affect our ability to successfully develop and market these products and services,” the company said.

Libra head David Marcus promised that Libra would become a low-cost and efficient payment tool for people who did not have access to traditional means of transferring money.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Blockchain

Facebook Acknowledges Libra May Never Be Launched

Niji Narayan

Published

on

Facebook Acknowledges Libra May Never Be Launched
Image Source: vanityfair.com
Reading Time: 1 minute

 

Facebook has acknowledged that its plan to launch Libra cryptocurrency may be disturbed due to regulatory scrutiny. The strong push-back from international regulators and authorities may force Facebook to delay the launch. The mixed response from the community also makes it difficult to access the potential market acceptance of such currency.

In its latest quarterly report, Facebook warned that it couldn’t guarantee Libra “will be made available on time, or at all” due to various factors.

“Libra has drawn significant scrutiny from governments and regulators in multiple jurisdictions and we expect that scrutiny to continue. We do not have significant prior experience with digital currency or blockchain technology, which may adversely affect our ability to successfully develop and market these products and services,” the company said.

Libra head David Marcus promised that Libra would become a low-cost and efficient payment tool for people who did not have access to traditional means of transferring money.

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Blockchain

Dushan Spalevich (Founder & CEO at iBlock TV) will moderate the Blockchain – related panel discussion at TECH Conference Europe 2019 Prague

George Miller

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Dushan Spalevich at TECH Conference Europe 2019 Prague
Reading Time: 2 minutes

 

Leading Serial Entrepreneur, Angel Investor, Startup Advisor, Founder of Global Fundraising And Advisory Network, and Founder & Host of iBlock TV – YouTube, specialized in covering tech startups ecosystem to moderate Blockchain-related panel discussion at PICANTE TECH Conference Europe 2019.

 

PICANTE TECH Conference Europe is surely setting a trend for boutique-style tech events and is bringing together the large names of several industries in Prague for a full day of learning and networking.

The inaugural PICANTE TECH Conference Europe (TCE2019), will take place in Prague on the 3rd of September at Vienna House Andel’s Prague. You can REGISTER HERE!

As announced earlier by the organizers (PICANTE Media and Events) the conference will host several panel discussion with leading experts of industries such as Blockchain, Fintech, Artificial Intelligence, Quantum Technology, Cybersecurity, Cryptocurrency, Virtual Reality, Augmented Reality, and more.

The Blockchain-related panel discussion will reveal some of the most vital information around the industry and is strategically titled “The Growing Use of Blockchain by Start-ups and SMEs”.

The confirmed experts that will join the panel discussion are Alexandra Karpova (Co-Founder & CEO at Millennium Communications), Capt.L.C. Arrigo GARIPOLI (Founder at BlueQbit), Dean Rakic (Blockchain expert and advisor) and last but not least Tomáš Žilavý (Solution Sales Representative at IBM Global Markets).

With such an expert lineup, the discussion deserves the best moderator when it comes to discussing Blockchain related matters and that moderator comes in the shape of Dushan Spalevich, Founder & CEO at iBlock TV.

Dushan Spalevich is a Serial Entrepreneur, Angel Investor, and Startup Advisor.

At only 25 years, Dushan became the youngest manager responsible for a country business operation of an FMCG multinational company SC Johnson, managing Slovenian market.

Dushan co-founded a self-funded startup project in Russia and managed it as a CEO to become the biggest segment company with more than 250 employees.

Today, he is a founder of iBlock Capital – Global Fundraising And Advisory Network, and Founder & Host of iBlock TV – YouTube, specialized in covering tech startups ecosystem.

Dushan graduated at Natural Science and Mathematics High School and holds a bachelor’s degree of Faculty of Economics, University of Ljubljana, Slovenia. Dushan lived and worked in several countries and can communicate in 7 different languages.

PICANTE Tech Conference Europe is designed to bring both people and knowledge together and provides the excellent ecosystem of networking and learning opportunities without interruptions with emphasis on comfort and communication. After learning from genuine world-class experts and wayseers, meeting achievers shaping the B2B ecosystem, all attendees will get the chance to grab a drink and relax while networking at the evening social gathering.

REGISTER HERE or BROWSE THE AGENDA/PROGRAM!

 

About PICANTE Media and Events:

PICANTE.today is a news publishing website which digests/hand picks the latest news about technology, entertainment, lifestyle, finance and politics and serves them to their readers and subscribers daily.

As a responsible learning source, the team at PICANTE Media and Events are committed to 3 main principles:

Trusted and Reliable Reporting & Publishing

The articles and press releases on their website are all published from verified sources.

NO Psychological and Emotional Manipulation

The editorial team and marketing team do not aim to produce emotional manipulation and always stay away from news, press release and articles that produce fear, anxiety, racism or show any sort of cruelty towards animals and humankind.

NO Fake News

PICANTE.today ensures readers will never find any “directed” lies on the news portal as the team has taken an anti-fake news standing point from their inception.

For more details, visit www.picante.today

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Affiliate Industry

CasinoFair launches pioneering real-time referral program

George Miller

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CasinoFair launches pioneering real-time referral program
Reading Time: 2 minutes

‘Famous For Fairness’ CasinoFair, has today launched its game changing referral programme.

 

The technology, leveraged using the FunFair platform, guarantees real-time payments, and full transparency throughout, and anyone can sign up and earn as a referrer immediately.

The limited time Universal Offer at launch will deliver instant revenue to partners in real time direct to a nominated Ethereum wallet at the end of every affiliated game session.

Referrers no longer need to wait until the month or quarter end to receive payment, with smart contract technology ensuring revenues are paid as players play, and with all earnings transparent on the blockchain.

CasinoFair pays commissions on wagers guaranteeing income, paid in FUN, no matter if the player wins or loses, marking a progressive move away from the more traditional format based on player losses and luck, which regularly sees affiliates lose out.

The program will add an extra social dimension to CasinoFair’s new generation of casino offering, complementing its millennial-focused games portfolio and Guaranteed Fair technology.

Lloyd Purser, MD of CasinoFair, said: “We’re truly excited to launch this groundbreaking new affiliate technology which we see as the future of affiliate partnerships.

“We’ll be showcasing our real time, guaranteed payments and drastically cut admin to partners for the first time at iGB Live next week, and we encourage all to come along and see our innovation first hand on stand E16.”

To mark the launch of this innovative program, CasinoFair is running a promotion which will see the top three referrers by their player wagers rewarded with a prize pool of 500,000 FUN.

For more information and for those interested in becoming a referrer can sign-up here, while organisations looking to become an affiliate partner can register their interest here.

CasinoFair and FunFair Technologies will be showcasing this technology for the first time on stand E16 at iGB Live!, Amsterdam, 17-18th July.

 

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