Facebook, the social media giant unveiled its highly anticipated and until-now secretive cryptocurrency, Libra. The Libra token will run on a blockchain network secured at launch by 100 distributed computer servers, which will eventually be fully governed by the independent Libra Association. The group of 28 founding members of the Libra Association includes Visa, Mastercard, PayPal, Uber, Lyft, Coinbase, and others.
Crypto mining hardware giant Bitmain is said to be relaunching its IPO plans, but this time in the U.S. instead of Hong Kong. Bitmain is consulting with advisers over a U.S. public listing, potentially in the second half of 2019.
Kaspersky Lab, the famous Russian anti-malware firm, released a cryptocurrency survey stating that 19% of people have bought some form of crypto. The report also stated that only 10% of people feel they understand how cryptocurrencies work. 31% of respondents said that crypto prices need to be more stable before they’d get involved.