breaking Bitcoin, blockchain and crypto stock news

Thursday, September 26, 2019

#CryptoCorner: Calibra Head David Marcus Publishes Blog Advocating #Blockchain Networks, Coinbase CEO Praises Libra, Zuckerberg Allows for Libra Launch Delay

#CryptoCorner: Calibra Head David Marcus Publishes Blog Advocating #Blockchain Networks, Coinbase CEO Praises Libra, Zuckerberg Allows for Libra Launch Delay

Point Roberts, WA, Delta BC, September 26, 2019, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market.

Subscribe to Podcast RSS feed:

September 26 Crypto Corner

Stocks discussed: (NasdaqGS:FB)

David Marcus, the head of Facebook’s (NasdaqGS:FB) Calibra wallet, published a blog post yesterday making the case for blockchain-based payment networks. Marcus explores some of the disadvantages of the current payment network models, including his claim that existing models are “closed and not well interconnected”, that they’re siloed (“it’s a bit like if you couldn’t send emails from Gmail to Yahoo! Mail”), and that they tend to require third-party intermediaries to execute transactions. An excerpt reads:

“Long story short, building on top of existing rails and across disconnected payment networks won’t reduce cost, open up the market to more innovation, nor lower the barrier of access to modern financial services as much as building a new infrastructure with a very stable, high quality global medium of exchange supporting it.”

Coinbase co-founder and CEO Brian Armstrong expressed support for Marcus’s blog post in a tweet, and also defended the Libra project against what he interprets as undue criticism.

“Libra is one of several important crypto projects on the horizon with the potential to improve the world. Whether it works or not still remains to be seen, but I find the backlash to it a bit odd and misguided. @davidmarcus makes a reasonable case here”

Meanwhile, in an interview with Nikkei Asian Review published today, Facebook CEO Mark Zuckerberg cast doubt on Libra’s launch date. Though he didn’t say one way or another, Zuckerberg’s comments seem to have allowed for the possibility of a delay in the stablecoin’s launch date.

"A lot of people have had questions and concerns, and we're committed to making sure that we work through all of those before moving forward."

"Obviously we want to move forward at some point soon [and] not have this take many years to roll out. But right now I'm really focused on making sure that we do this well."

Former Federal Reserve official Simon Potter has criticized comments from the Bank of England’s Governor Mark Carney, who last month said that the U.S. dollar should be replaced as the global standard by “something like” Facebook’s Libra, according to a report from BNN Bloomberg. Speaking at a Peterson Institute for International Economics event in New York yesterday, Potter said:

“I see no argument that makes sense to have something that complicated out there when you have large, liquid capital markets in the U.S. Not having one currency that you can basically price things and have a deep market in, that makes life much harder for the global economy.”

“Central banks should be very concerned about the private sector doing this. “A nation’s control of its currency is designed to protect people and get good outcomes. The private sector is much more interested in selling products.”

Sam Mowers, Investorideas

Read other editions of the  Crypto Corner

Get the Crypto Corner News by email Get Crypto Corner News

More info on the sector:
Investor Ideas is positioning as a  leader in blockchain and crypto content with its Bitcoin and Blockchain portals, and

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

About - News that Inspires Big Investing Ideas is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 

The podcasts are also available on iTunes,  Spotify, Tunein, Stitcher,, iHeartRadio and Google Play Music.

Visit the Podcast page at

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: Learn more about publishing your news release and our other news services on the newswire and
Global investors must adhere to regulations of each country. Please read privacy policy:

Cryptocurrency Disclaimer news content is not meant to be a solicitation to buy or sell cryptocurrencies and does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an content brand

Learn more about our news, PR and social media services at

Follow us on Twitter
Download our Mobile App for iPhone and Android  


Get more Bitcoin and Blockchain Investor ideas  – news, articles, podcasts and stock directories 

No comments:

Post a Comment

Cryptocurrency Stock News: WonderFi's (TSX: WNDR) Bitbuy and Coinsquare Platforms Exceed $1 Billion in Combined Client Assets Under Custody

Cryptocurrency Stock News: WonderFi's (TSX: WNDR) Bitbuy and Coinsquare Platforms Exceed $1 Billion in Combined Client Assets Under Cust...