Facebook’s David Marcus Justifies Building A Blockchain Payments Network Vs Traditional Banking System

2019-9-26 19:16

In a blog post published on Wednesday, Libra cofounder David Marcus tried to justify Facebook's move to, saying that it is going to be an asset to the global population as most of them lack access to modern financial services.

What they aim is to provide those people with lower-cost banking services which can bring […].

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IBM exec stresses on tokenization of assets; says Facebook’s entry brings legitimacy to underlying tech

In a recent talk with CNBC, Jason Kelley, IBM’s general manager of blockchain services said that the subject of crypto should be kept aside, and tokenization of assets should be brought to focus. According to IBM exec, the need of the hour was to distinguish between talk of cryptocurrencies and “tokenization” of assets.

2019-9-23 20:30


Businesses can now schedule Instagram posts and IGTV videos with Facebook — here’s how

Welcome to TNW Basics, a collection of tips, guides, and advice on how to easily get the most out of your gadgets, apps, and other stuff. Earlier this week, Facebook released a new update for its Creator Studio, allowing businesses on the platform to schedule Instagram posts and IGTV videos up to at least six months in advance.

2019-9-21 12:00


Marcus Defends Libra Cryptocurrency in Latest Bid to Woo Central Banks

Facebook executive David Marcus defended the Libra cryptocurrency ahead of his meeting with the representatives of global bankers in Basel on Monday. The co-creator said Libra is not going to challenge or undermine the sovereignty enjoyed by nations, adding that the cryptocurrency merely wants to become a “better payment network” and deliver meaningful financial services.

2019-9-16 18:00


Crypto-forensics firm Elliptic raises $23 million in fundraising; plans to track Facebook’s Libra

Elliptic, a blockchain analytics firm, has steered the attention of the crypto-community after it raised $23 million for tracking cryptocurrencies. By delivering these tracking services, the firm claims to empower financial institutions by helping them distribute and deliver trusted services across the cryptoverse.

2019-9-4 10:39


Ôîòî:

Congresswoman Maxine Waters “Still Concerned” About Facebook’s Digital Currency Plans

Facebook’s ambitious cryptocurrency project, Libra, continues to face regulatory approvals, as on August 25, 2019, the chair of the U. S. House Financial Services Committee (HFSC), Congresswoman Maxine Waters said that she’s “still concerned” about blue and white social media giant’s digital currency plans.

2019-8-27 19:00


Ôîòî:

India doesn’t want WhatsApp sharing your payment data with Facebook

Even as WhatsApp readies to launch its mobile payment service in India later this year, the government is concerned about its privacy and security ramifications. “Indian authorities are concerned that WhatsApp‘s payment service might share user data with group companies Facebook and Instagram, compromising the security, privacy and non-commercial information of its subscribers,” according to a report from the Economic Times.

2019-7-26 09:40


Watch: Facebook’s Crypto Chief Suffers Brutal Senate Backlash

The US Senate Committee on Banking, Housing, and Urban Affairs held a hearing on Facebook’s Libra project this morning, with Facebook crypto chief David Marcus in the hot seat. After a lengthy introduction by Idaho Senator Mike Crapo in which he called Facebook’s aims “commendable,” the committee discussed the potential ramifications of Facebook banking services.

2019-7-17 20:20


US Committee Plans to Ban Facebook Cryptocurrency Libra

The House Financial Services Committee in the United States is set to discuss the future of Facebook’s upcoming cryptocurrency, Libra, on Tuesday. The head of the committee, Democratic Congresswoman Maxine Waters, last week proposed legislation which details rules that would ban Facebook and other technology firms from developing and launching financial services.

2019-7-16 15:00


With Facebook’s Libra Congress Hearings Imminent, Will Bitcoin Price Plummet or Foray Higher?

Facebook’s Libra has been knee-deep in criticism ever since it was unveiled. Another hurdle that Facebook is currently facing is testifying during US governmental hearings. David Marcus, the head of the Calibra wallet, will be testifying before the Senate Banking Committee and the House Financial Services Committee on Tuesday 16th and Wednesday 17th respectively.

2019-7-16 10:24


Facebook’s Libra crossed the Atlantic to Switzerland for regulatory certainty, claims US Congressman

Facebook crossed the Atlantic, leaving US Congressmen pointing fingers. Libra, the cryptocurrency project launched by Facebook could be left in the docks before it sets sail for Switzerland. After running into harsh winds at the hands of Jerome Powell, Federal Reserve Chair during his hearing before the House Financial Services Committee, the prospects for Facebook […] The post Facebook’s Libra crossed the Atlantic to Switzerland for regulatory certainty, claims US Congressman appeared first on AMBCrypto.

2019-7-11 18:30


Altcoins fall below key support levels

The cryptocurrency market crashed by a strong margin with many altcoins falling below key levels. At press time, the collective market cap stood at $311 billion. The latest bearish trend came right after the US Federal Reserve chairman, Jerome Powell’s latest comment before the US House of Representatives Financial Services Committee, where he warned that Facebook’s Libra […] The post Altcoins fall below key support levels appeared first on AMBCrypto.

2019-7-11 11:00


New Jefferies Survey Shows Users In The US Unlikely To Use Facebook’s Libra Cryptocurrency

According to a recently released research conducted by the financial services company Jefferies, U.S. social media users are unlikely to use Facebook’s new virtual currency Libra. The survey included more than 600 participants and 80% of them answered that they were “unlikely” or “very unlikely” to use the digital asset released by Facebook. Will US […]

2019-7-2 17:32


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Elon Musk suggests fight with Zuckerberg to stream on X

Elon Musk says his “bout” with Meta CEO Mark Zuckerberg should be streamed on X. Chancer is expected to disrupt the traditional bookmaker with a new betting model. $CHANCER presale has surpassed the $1 million mark amid huge investor interest.