Cryptocurrency News Today – October 4

 

  • Apple Does Not Have Any Intention Create Its Own Crypto
  • Tim Cook Takes a Jibe at Facebook’s Forthcoming Libra Project

Cryptocurrency News Today – Since the emergence of digital currencies, many firms and industries have decided to create their own native currency. Many industry giants have creative own digital currency and some are on the verge of doing that. Some digital currency trading platforms have also created their own tokens, used for processing transactions on their platforms. One of such platforms is Binance – one of the largest and most popular digital currency trading platform in the world. The firm launched its own digital currency – Binance Coin (BNB) – and the digital currency is a success. Binance Coin (BNB) is currently among the top ten cryptos in the market.

Social media giant – Facebook – is also on the verge of launching its own digital currency. However, the launch of Facebook’s digital currency – Libra Coin – is halted by regulators due to regulatory concerns. Many believe that the entrance of Libra into the crypto space would send many digital currencies packing, including Bitcoin (BTC). However, there is one top firm that does not seem to have interest in creating its own digital currency.

Bitcoin (BTC) Price Today – BTC / USD 

#NamePrice24H %
1
bitcoin
Bitcoin(BTC)
$8,754.50
-0.06%

Apple Does Not Have Any Intention to Create Its Own Crypto

Apple – a tech giant – does not have any intention to create its own digital currency. The CEO of Apple – Tim Cook – recently confirmed this when he spoke to Les Echos – a French financial newspaper. When they asked Cook about the prospect of the firm launching its own currency, he said that he was not “comfortable with the idea that a private group creates a competing currency.” There were speculations about the tech giant creating its own digital currency. Cook quashes all the news about Apple launching a digital currency during the interview. The CEO of Apple did not stop there; he also took a jibe at the upcoming Libra project of Facebook. 

Tim Cook Takes a Jibe at Facebook’s Forthcoming Libra Project

Cook did not stop at saying that Apple is not planning to launch any digital currency. He went ahead to take a jibe at the forthcoming Libra Project of Facebook. He went on to firmly say that a private firm does not have to seek to gain power in this matter. The CEO backed concerns around Facebook’s coin raised by several regulators all over the world, saying that:

Money, like defense, must remain in the hands of States, it is at the heart of their mission. We elect our representatives to assume government responsibilities. Companies are not elected; they do not have to go on this ground. 

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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