Zuckerberg Reveals How Facebook Will Profit from Libra
In Facebook's annual shareholder meeting held last week, Facebook CEO Mark Zuckerberg revealed how Facebook can profit from Libra... and the answer shouldn't be a surprise to anyone.
Integrated payments = more effective ads = high bids from advertisers.
| | It's Not About the Tech (Yet?)
Let's play a game.
Take a look at the price charts of two different cryptocurrencies here.
One of them is IOTA, which had a technical problem that resulted in no transactions confirming from February 12 until March 10.
The other is Zcash, which had no technical problems.
Can you tell the difference? If not, there is a lesson here.
| | Goldman Pans Bitcoin; Crypto Community Up in Arms
Last week, Goldman Sachs (GS) CIO of Wealth Management held a presentation to talk gold and, to everyone's surprise, bash BTC.
Here's an overview of what was said, along with some rapid reactions from a few prominent crypto minds.
Other good ripostes: | | Pay Attention to the New War Erupting in America
Most Americans think our big divide occurs between our political parties – or between the states and the federal government. But a new and bigger war is erupting in America.
It will DEFINITELY affect you and your money... and you must choose which side you'll be on. Porter Stansberry explains everything right here... | | A Backdoor Way to Invest in Bitcoin (at a Discount)?
We don't give investment advice here at CoinSnacks, but we do like to point out anomalies. One of which has come across our plate recently. It involves a company that we often write about: Galaxy Digital (TSXV: GLXY). Galaxy Digital is a publicly traded merchant bank dedicated to the crypto industry and founded by Mike Novogratz.
Why is it worth a second look? - It trades for less than book value (at IPO it was trading for 2.5x book value)
- Novogratz and the company are continuously buying back shares
- The Company has been conditionally approved to up-list onto the Toronto Stock Exchange (TSX)
There is a lot of convoluted share structure involved and, of course, anything could happen... but we aren't seeing this covered anywhere in the media.
If you are looking for a backdoor way to "play" Bitcoin, this is worth your attention. Do your own diligence.
| | The Evolution of Value on Ethereum
Here's a solid overview of Ethereum's genetic-makeup and shifting fundamentals by Messari's Ryan Matthews.
TL;DR: Ethereum is being used more than ever, and in just two years, Ethereum has evolved from a blank canvas to an agglomeration of novel forms of value and use cases.
While we're on the topic, Spencer Noon's analysis is worth checking out as well: 10 signs we're headed for a new ETH bull market
| | Bitcoin Mining's Three Body Problem
Mining is a complex inter-disciplinary phenomenon. While it has grown into a billion-dollar industry over the years, the invisible rules governing every aspect of it remain secretive to outsiders.
| | We're Doing Our Part to Help Readers Right Now
Just because the market took a hit doesn't mean you can't still find ways to profit. Especially when you can buy any stock… for any amount of money… with zero commissions.
You can do it all on the free Public App.
Plus, to help you get started, we're giving you up to $20 to invest. Once your account is approved, pick from any one of the 9 top stocks on Public's Free Slice list to get your free slice of stock. Click here to learn more. | | A Digital Dollar Whitepaper Was Published
Led by former CFTC Chairman Christopher Giancarlo, the Digital Dollar Project released a detailed whitepaper exploring a U.S. Central Bank Digital Currency (CBDC).
The white paper proposes a tokenized U.S. digital dollar, outlines the benefits of a CBDC in the context of the U.S. dollar (USD), and proposes potential use cases.
| | Canada Has Given Crypto Firms The Green Light
Canada has officially classified Bitcoin companies as Money Services Businesses (MSBs). And Bitcoiners are surprisingly happy about it.
In a series of tweets Francis Pouliot, Chief Executive of BitcoinBull, confirms the new regulations coming into effect... and explains what businesses will be affected the most.
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