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Facebook’s Marcus Says He’d Accept 100% of His Pay in Libra
16.7.2019
Facebook blockchain exec David Marcus told lawmakers he would be willing to accept 100 percent of his salary in Libra
How US Congress Can Make Stablecoins and Libra Irrelevant
16.7.2019
Source: iStock/Uko_Jesita
It is well-known by now that U.S. lawmakers and now even members of President Trump’s cabinet are highly skeptical about Facebook’s proposed Libra stablecoin. And although regulators and governments in parts of the world have tried their best to control digital tokens...
Watch the Facebook Libra Hearing Live Now
16.7.2019
Facebook's hearing in front of the U.S. Senate is live online and we will be running commentary all day
Facebook’s Libra Should Be Regulated Like a Security, Says Former CFTC Chair
16.7.2019
Former CFTC Chairman Gary Gensler believes Facebook's Libra looks – and should be regulated like – a security
Facebook will Refrain from Launching Its Crypto Libra until Necessary Approvals are Acquired
16.7.2019
The discussions and debates around Facebook’s ambitious cryptocurrency project Libra never seem to come to an end. It is a well-known fact that Facebook has faced a lot of flak from policymakers, globally, citing data privacy, money laundering, security, consumer protection, and other illegal usage...
Is the US Government Finally Accepting that Bitcoin is a Threat to the USD?
16.7.2019
No matter how much we deny it, Bitcoin is the future of global trade, and will most probably dethrone the current dominant currency, the US Dollar. While the world of crypto and quite a few economists believe this, the US never reacted to crypto until recently. However, in the past few weeks,...
US Treasury Secretary Mnuchin Is ‘Not Comfortable’ With Facebook’s Libra
15.7.2019
In a press conference Monday, Mnuchin voiced the Trump administration's concerns with Facebook's Libra and cryptocurrencies like bitcoin
What to Expect When Congress Grills Facebook on Cryptocurrency This Week
15.7.2019
The Congressional hearings on Facebook's Libra are likely to focus more on the company's privacy failings than broad crypto policy questions
Japan Creates Working Group to Discuss Facebook Libra Ahead of G7 Meeting
15.7.2019
Japan has set up a working group to examine the issues raised by Facebook's Libra cryptocurrency project ahead of a G7 meeting this week
Facebook Could Be Fined Heavily For Libra, According To Proposal From Democrats
15.7.2019
Troubles for Facebook’s Project Libra does seem to end anytime soon, as the new proposal by the Democrats might invite heavy penalties if it continues to pursue it. The new proposal demands a fine of $1 million per day for violation of rules proposed if they are implemented. The new proposal...
US May Bar Large Tech Firms From Issuing Cryptocurrencies
15.7.2019
Lawmakers in the U.S. are discussing a bill that seeks to prevent large technology institutions in the country from issuing cryptocurrencies
How US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra
14.7.2019
Facebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U.S. government seem fearful of a giant tech establishing itself as a financial institution. Prior to the U.S. congressional hearings and the upcoming G7 finance meeting, a U.S. discussion...
Libra is a Red Herring. Facebook's Main Game is Calibra
14.7.2019
Calibra has little to do with the ideals behind blockchain. The digital wallet is more like a traditional bank account.
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Amid the hype around Facebook’s plan to launch its own digital token, Libra, there’s one big question. How is the company going to profit...
China Might Permit WeChat To Come Up With Cryptocurrency
14.7.2019
The impending launch of Facebook’s Libra cryptocurrency is seemingly having many implications on both economic and political fronts around the globe. Especially this development is seen with utmost interest among the business circles in China and the strained relationship with the US and...
Mark Cuban ‘Not a Big Fan’ of Facebook’s Libra
12.7.2019
The Shark Tank co-host things Facebook's Libra is a "big mistake."
The Best Responses to Donald Trump’s Claim That Bitcoin Is Backed by ‘Thin Air’
12.7.2019
The cryptosphere was rubbing its hands with glee when U.S. president Donald Trump fired off a typically cantankerous tweetstorm on June 11 in which he took aim at Bitcoin, cryptocurrencies and Libra. Bitcoiners relished the sudden attention directed towards their sphere from the president’s...
US President Donald Trump Says He’s ‘Not a Fan’ of Bitcoin
12.7.2019
US President Donald Trump tweeted about bitcoin and Facebook's Libra on Thursday. He's not a fan
Libra Can Teach China One Thing, Suggests Ex-Central Banker
11.7.2019
Zhou Xiaochuan. Source: a video screenshot, Youtube, Bloomberg Markets and Finance
The Chinese government may be about to rethink its strategy towards “digital currencies,” a recent speech by the country’s former central bank governor, Zhou Xiaochuan, suggests.
Zhou, who served as the governor...
China Should Prepare Digital Yuan to Counter Facebook Libra: Ex-PBoC Chief
11.7.2019
China should revamp its plan for a national digital currency in the face of Facebook's Libra cryptocurrency, says the central bank's former head
Bitcoin Price Slips 10% in 24 Hrs as Fed Raises Facebook Libra Concerns
11.7.2019
U.S. Fed Chairman sparks crypto rout with Facebook Libra comments