Tag Archives: Libra

Well, it sure seems like we’re in for another faulty end-of-year mark for bitcoin. At press time, the currency has fallen by roughly $800 over the past 24 hours and the asset is now trading at $7,400.Bitcoin Falls; Zuckerberg to Blame?The sentiment is that this all has to do with Mark Zuckerberg’s testimony today. Zuckerberg – the famed CEO of Facebook – is set to speak before a congressional committee today regarding Libra, the cryptocurrency being released by the social media giant in 2020....

Ever since Facebook officially announced its plans to float a digital currency and then released the Libra whitepaper, there have been very polar reactions to the idea, which continue to this day. The United States Congress right from the start has made it clear that they are not excited about the idea and would prefer it doesn’t continue. We have already reported that as part of the process of seeking regulatory support, Facebook CEO Mark Zuckerberg has been obliged to support his position...

Mark Zuckerberg will appear before Congress on Wednesday to defend Facebook’s controversial ‘cryptocurrency’ project, Libra. In his prepared remarks, the Facebook CEO will tell lawmakers that America risks losing “financial leadership” to China if they don’t get behind his company’s plan. Referring to China’s proposed digital currency, which is expected to launch before the end of the year, Zuckerberg will argue: “While we debate these issues, the rest of the world isn’t waiting....

Ripple Werbung Ripple hat ja kürzlich seine alten Produkte eingestampft und sich neu aufgestellt. Seit heute lüuft in zwei Ländern unter dem Hashtag #RunsOnRipple folgender Ripple-Werbespot: Ripple lanciert einen neuen Werbespot der grosses erahnen lässt. Ripple wirbt damit für sein Netzwerk, welches länderübergreifend und in allen Währungen inklusive...

In an effort to ensure that Facebook’s Libra cryptocurrency breaks down regulatory walls and launches on time or at least not too far from the earlier planned launch date, the social media giant is willing to make some compromises.In a testimony recently submitted to the House Financial Service Committee, Facebook CEO Mark Zuckerberg has confirmed to U.S. lawmakers that Facebook itself will not handle Libra, suggesting that the Libra Association which is the body tasked with the role of...

Facebook‘s head of the Libra project – David Marcus – has recently given an indirect warning to the U.S. lawmakers of losing the digital currency war to China, if the company’s Libra Project fails.Since its Libra cryptocurrency announcement in June 2019, Facebook has been in odds with the regulators over the Libra launch. The regulators have repeatedly questioned Facebook’s ability to execute this project at a global level.However, David Marcus has warned Washington that if Libra is derailed,...

CEO Mark Zuckerberg will be the next Facebook executive to face a bipartisan grilling when he testifies before the US House Committee on Financial Services tomorrow. The committee published a transcript of Zuckerberg’s prepared testimony ahead of the hearing, and there was one thing noticeably absent from his statement: any reference to bitcoin, cryptocurrency, or even blockchain. House Releases Mark Zuckerberg’s Libra Testimony That’s somewhat remarkable, given that Zuckerberg has...

Social media giant Facebook has been facing severe regulatory troubles for launching its Libra cryptocurrency. Last week, even big giants like Mastercard, Visa, PayPal, Stripe, who were earlier part of the Libra Association, announced their withdrawal from the project.Facebook is now working out other ways to keep its Libra project alive. As reported by Reuters, Facebook proposed using fiat-pegged digital stablecoins for its project. It means that instead of directly pegging the Libra token...

It seems like Facebook’s new currency, Libra, has regulators scared out of their wits… So much, in fact, that the United States government is now looking into potentially developing its own digital currency – issued by its central bank – as a means of competing.Libra Has Everyone TerrifiedLibra, as we all know, has gotten very mixed reactions from both regulators and the general public in the past, with very few Facebook users saying they would consider using Libra if it was available today....

French Finance Minister Bruno Le Maire said on Friday that Paris, Rome, and Berlin will join together in the effort of blocking Facebook’s new digital currency Libra in Europe.This is not the first time Le Maire is showing his hate towards cryptocurrencies. Last month, when he spoke about Libra, he said that this kind of technology, developed by the social media giant “causes serious concerns and therefore its operation cannot be authorized for use on European soil.”He added that the Libra...