A Facebook coin may aid crypto-rivals more than self tombuerkle
A white paper setting out Facebook’s ideas for its own cryptocurrency could be released on June 18, TechCrunch reported on June 6.
The social network led by Mark Zuckerberg may establish an external foundation to govern its digital coins, the Information reported on June 5, and it may seek outside investment to back the effort. Facebook last month set up Libra Networks, a new financial technology company in Switzerland focusing on blockchain and payments, Reuters reported.
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