Too Long; Didn't Read
Facebook launched its cryptocurrency, Libra, on June 18th, along with a white paper and an impressive graphics listing 30 "heavyweight" partners in their respective industries. With Paypal withdrawn and Visa and Mastercard soon to follow suit, the death knell has sounded for Libra. Here’s an analysis of what happened in just 4 months. The launch party took place just one year after the Cambridge Analytica scandal, revealed in March 2018, and which resulted in (among other negative consequences) Zuckerberg being summoned to appear before Congress.