There are reports from multiple sources that Facebook will reveal details of its cryptocurrency (its called Libra) in the morning Tuesday US time.
- to publish a whitepaper
- currency likely to have multiple applications, P2P money transfer, merchant shopping (eg on Instagram Shopping, Facebook Marketplace)
The background to this is that FB has circa 2.5 billion users - this could well be seen as a very significant endorsement of crypto and the recent price rises of such currencies would support this. The other thing to consider are entrenched payment method competitors, so Libra is not going to get a free run.
---
As a reflection of the optimism on cryptos this represents, BTC movement since basing in early 2019 has been significantly higher (OK, not as significant as the drop from late 2017):
