Libra coin alive or dead?

[BestCryptoYear2020]

There was a rapid growth in bitcoin price in last 2-3 months when it was announced Facebook is going to launch its own coin, called libra coin,
Now its already in cold store, due to US and EU agencies interference.

I saw in coin market cap, its only general information about libra coin, but no technical data is available yet.

[1714717418]

1714717418

[1714717418]

1714717418

[1714717418]

1714717418

[1714717418]

1714717418

[cryptoaddictchie]

There was a rapid growth in bitcoin price in last 2-3 months when it was announced Facebook is going to launch its own coin, called libra coin,
Now its already in cold store, due to US and EU agencies interference.

I saw in coin market cap, its only general information about libra coin, but no technical data is available yet.

Of course since the Libra coin isn't launched yet . There are so many hypes during the time prior to the news of release of Libra. Well I'm also been occupied and got excited what would be the Facebook Owner Zuckerberg using crypto or digital asset. Then started to read details about it.

Actually the coin has potential but its usability is entirely for the purpose on their parent company Facebook. Wishing to see a more revised plan, or more objective from them.

No wonder why some of their affiliates started to start leave one by one due to their lack of consistency.

[chaoscoinz]

There was a rapid growth in bitcoin price in last 2-3 months when it was announced Facebook is going to launch its own coin, called libra coin,
Now its already in cold store, due to US and EU agencies interference.

I saw in coin market cap, its only general information about libra coin, but no technical data is available yet.

Neither, it is stuck in a suspended animation, or limbo if you please. Marky Mark and the Facebook bunch took the right approach by going ahead into Congress first in order to get approval instead of just shooting for the stars and launching right out of the gate, which would be a sure way to see a disaster. I think after more regulatory guidance is issued and once Congress has a better grasp at the far extending reach cryptocurrency could provide, they might soften up and give old Mark Zuckerberg the green light to go ahead and launch his platform.

[ragavancoin]

There was a rapid growth in bitcoin price in last 2-3 months when it was announced Facebook is going to launch its own coin, called libra coin,
Now its already in cold store, due to US and EU agencies interference.

I saw in coin market cap, its only general information about libra coin, but no technical data is available yet.

The Facebook coin libra will going to launch next year because of US government  regulations problems and it will be review the legal process by US government next year 1or 2 quarter.

source:
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN1WC1DE

[Nadziratel]

It is difficult to find very clear information about it. However, as I have read in a few places before, there is a problem between the SEC and the Libra. I think the SEC is keeping Libra out of the market for now. There may be some studies on this subject at the US Congress also.

[royalfestus]

Libra is not only facing this opposition with USA but other part of Europe. The team behind the project is rejecting a lot of re-branding by the USA government from declaring a stable coin (as security token) to other containing measures, This started far back as June 18 when the announcement of the project was made. Investors profit had been removed with recent news and could loosen the interest and commitment from this side but the whole crypto space are watching with lot of interest in the money the coin will bring to the space. We expect resolution later in the coming year

[samuraijin]

the price of bitcoin has only had a small impact from the news about this Libra, how can it be said that the project is dead or alive while we don't know how they will release it soon in the next year, I also want to know what is interesting about this LIBRA project, I also don't know whether libra will also be in the crypto currency category, I haven't seen much about it only heard from people in this forum, because I usually better wait for their launch, if this is part of the crypto currency it will be cool and I want to see this LIBRA used by whatsapp users and Instagram

[desticy]

Judging by what happens in the information field regarding the libra, we can say that the project is more likely alive than dead.
A test network was launched, and according to the developers of the project, it is almost ready to launch. Another thing is that politicians and regulators have not yet decided on the legal status of the project.
This can be a very strong obstacle to launch.

[livingfree]

Do you really convinced yourself that the surge was due to the Libra coin announcement? I doubt it and never thought of that. It's the basic cycle of bitcoin and its market after going through a worse year.

We can get data on CMC but it's not the basis of everyone if it's a good project. It's the most popular place to get new altcoins coming but it's not an actual source because the information that shows there is very limited.

[jazmuzika217]

I think we can considered libra or facebook coin already dead because all we know that this project faced on so many issue, so tell me if you are the management or developer of libra how can you clean the project's name and have a good marketing strategies after those issues. The repution is already broke.

[Johnyz]

There was a rapid growth in bitcoin price in last 2-3 months when it was announced Facebook is going to launch its own coin, called libra coin,
Now its already in cold store, due to US and EU agencies interference.

I saw in coin market cap, its only general information about libra coin, but no technical data is available yet.

Its not a live coin yet so technically Libra is not dead. 2020 will begin in few more days and I’m confident that it can still stand despite of the government interfere, they have a better plan and we will see that. If Libra didn’t make it, i hope Bitcoin will shine again. You can’t see any data about Libra coin yet, you have to wait.

[alyssa85]

In my opinion, it's deader than a dead parrot.

As long as Facebook wants to locate Libra in Switzerland rather than the US, while still trying to use dollars to back Libra, the American regulators will do everything they can to prevent it's use in the United States. And if it can't be used in the US, it's useless. Might as well use bitcoin, or litecoin or doge or some other cryptocurrency that can be used in the US and doesn't break any laws by pretending it's backed by dollars.

[kolonel_x]

In my opinion the Libra has not been clarified so far it might be still in negotiations with the local government so the decision has not yet been published.
2020 will be a lot of projects that provide good news about halving, release 2.0, collaborating and of course Libra will next year this will be the beginning of their careers, hopefully this will become a real reality.

[Emperor of Man]

Facebook is facing heavy opposition in their libra project, and some of their strategic allies are already showing signs of doubt and withdrawal.

I dunno if they survive the heavy resistance against their project, but even if they do it won't be fast. It will take years.

[Landak]

Libra is still alive but not yet released because there are still many who oppose the Libra Coin project from Facebook.
even if libra is released, I also don't really care because basically I don't trust Facebook. but as a crypto currency, I support it.

[airdnasxela]

There was a rapid growth in bitcoin price in last 2-3 months when it was announced Facebook is going to launch its own coin, called libra coin,
Now its already in cold store, due to US and EU agencies interference.

I saw in coin market cap, its only general information about libra coin, but no technical data is available yet.

It's normal for Libra to make noise when it was first announced to the public. Of course it's from Facebook, a popular social media. That's just a normal response but since until now Libra hasn't been launched yet, there's no much noise. Crypto users are just focusing on their coins. But when Libra finally got launched, expect it to make noise again. Expect to be hearing a lot of news about Libra. And with that, we will see how well it'll do in the market.

[lionheart78]

There was a rapid growth in bitcoin price in last 2-3 months when it was announced Facebook is going to launch its own coin, called libra coin,
Now its already in cold store, due to US and EU agencies interference.

I saw in coin market cap, its only general information about libra coin, but no technical data is available yet.

The Facebook coin libra will going to launch next year because of US government  regulations problems and it will be review the legal process by US government next year 1or 2 quarter.

source:
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN1WC1DE

So it is still unsure wether Facebook Libra will launch next  year.  The decision is yet to be released and we are not sure if it is approved or not. So I guess it is early to tell that Facebook will going to launch next year.  It is more fitting to say that Libra may possibly launch next year if they were granted an approval.

[abeecrypto]

I think Libra raised a lot of people's hope. So, people were expecting much to come from it in no distant time.
But its still a work in progress. The technical aspects haven’t been figured out yet.
So, I wouldn’t say it is a failure. Neither will I say is a success.

Libra is a work in progress. All blockchain-related projects are.

[tsaroz]

There were news of Libra moving forward without waiting for the US but again the statement from the president of Switzerland, the country where Headquarter of Libra lies. https://www.theblockcrypto.com/linked/51655/swiss-president-the-current-form-of-facebooks-libra-has-failed

With this news, Libra would have many to convince before starting an issuance.

[killerfrost]

There was a rapid growth in bitcoin price in last 2-3 months when it was announced Facebook is going to launch its own coin, called libra coin,
Now its already in cold store, due to US and EU agencies interference.

I saw in coin market cap, its only general information about libra coin, but no technical data is available yet.

Even Libra has not been released yet, so how could Libra have lived or died? There are rumors that Libra will not be released in the future because there are so many countries against it. But recently Libra has also changed many terms to conform to government regulations and try to release in 2020. Everything is just beginning so we need to wait a bit longer to know result