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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

Facebook musí zaplatit pokutu 5 miliard dolarů. Rekordní pokuta je pro něj ale stejně malá

15.7.2019
Federální obchodní komise (FTC) se dohodla s Facebookem na pokutě za poslední přešlapy sociální sítě se soukromím svých uživatelů. Ta je ve výši přibližně 5 miliard dolarů. Dohoda je aktuálně v rukou u ministerstva spravedlnosti na finální potvrzení. S informací přišel web Wall Street Journal,

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

Bitcoin’s Price Could Rise If Facebook’s Crypto Survives Congress Hearings

15.7.2019
Bitcoin is under pressure ahead of U.S. congressional hearings on Facebook’s Libra cryptocurrency on July 16 and 17. But what happens next?

Google Heads Back Into Social Media with New Venture Named ‘Shoelace’

15.7.2019
There are very few tech-related products in which Google has failed spectacularly, but social media is definitely one of those. Social media has become an industry worth hundreds of billions of dollars due to companies like Facebook, Twitter, and others. However, Google could not make a mark in...

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. www.shutterstock.com 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...

Facebook Reaches $5 Billion Settlement with the Federal Trade Commission

13.7.2019
Facebook has found itself in a whole range of problems over the past couple of years, and many of the problems struck at the very heart of its business. Other than issues related to failure to block advertisements bought by Russians in the lead up to the United States Presidential elections, there...

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."

Facebook Is Seeking an Economics Researcher for Its Calibra Wallet

12.7.2019
Facebook is continuing to grow the team for its Libra cryptocurrency project with the hiring of a new economics researcher

President Trump Jumps Into Crypto War, Says Not Big Fan of Bitcoin; Warns Facebook

12.7.2019
The tussle between the administration and Bitcoin just intensified as the world’s most powerful lawmaker, president of the United States, Donald Trump has spoken on cryptocurrencies for the first time, and the news is not pleasant for the industry. Trump has tweeted that he isn’t a fan of Bitcoin...

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...