Crypto Diaries: Facebook’s secretive Project Libra coming out of the shadows

Know all about Global Coin, TON Network & Why you need to install Brave Browser

Let’s start off with a quick recap of the Cryptocurrency market before I set out to discuss the issues relating to this edition of the Crypto Diaries. After a couple of weeks of consolidation below the previous highs, the digital assets are breaking out to the topside. Bitcoin looks poised to touch the $10K psychological barrier soon. Apart from the bullish price action, there were some important developments last week which deserve a mention & a discussion on their impact on the Cryptoverse so let’s get started.

Global Coin

The rumors have been simmering ever since I wrote about it earlier this month. Finally, after keeping its secretive Project Libra under the wraps for the most part of 2018, the social media giant registered a fintech firm dubbed Libra Networks LLC, in Geneva (Switzerland) — a platform that would offer services in emerging technologies — most notably digital payments.

Back in February 2018, WhatsApp payments feature was introduced in the Indian market by the parent company Facebook to tap into the biggest remittance-receiving country in the World ($70 billion) with over 200 million…