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Libra is Not Bitcoin, CoinShares Exec Testifies Before US Congress

Facebook cryptocurrency Libra is an imitator of Bitcoin, Meltem Demirors of CoinShares testified before the US Congress on Wednesday. The chief strategy officer appeared before the House Financial Services Committee to explain the difference between Bitcoin and thousands of cryptocurrency projects that takes inspirations from it. дальше »

2019-7-18 16:00


“Zuckbucks” encounters resistance due to Facebook’s damaged reputation, Libra may precipitate unfavorable legislation

Facebook’s Calibra CEO David Marcus took another beating, this time from members of the House, with one lawmaker even scorning the proposed Libra cryptocurrency as “Zuckbucks. ” Marcus went before members of the House Financial Service Committee to explain the social media platform’s ambitious proposal to enter the crypto space. дальше »

2019-7-18 00:26


‘I Like Bitcoin,’ Says House GOP Leader McCarthy while Criticizing Facebook’s Libra

Coinspeaker ‘I Like Bitcoin,’ Says House GOP Leader McCarthy while Criticizing Facebook’s LibraHouse Minority Leader Kevin McCarthy praised Bitcoin and its underlying blockchain ledger technology for offering users privacy, especially given that big companies keep violating the privacy of its users - that's probably why he's not so optimistic about Libra. дальше »

2019-7-17 13:20


“Keep Big Tech Out of Finance Act” proposes $1 million per day fine on large tech companies acting as financial institutions

A recent bill, “Keep Big Tech Out Of Finance Act,” recommends prohibiting giant tech firms from serving as financial institutions or launching their own cryptocurrency. Likely geared toward Facebook, the bill was reviewed by Democrats that oversee the House Financial Services Committee. дальше »

2019-7-16 18:38


Breaking: Top GOP Congressman Defies Trump, Says ‘I Like Bitcoin’

One of Donald Trump’s top allies in Congress has diverged from the president on what has suddenly become one of the federal government’s top priorities: bitcoin. Kevin McCarthy Is a Bitcoin Fan House Minority Leader Kevin McCarthy told CNBC that unlike Trump, he is a fan of the flagship cryptocurrency and the security of blockchain […] The post Breaking: Top GOP Congressman Defies Trump, Says ‘I Like Bitcoin’ appeared first on CCN Markets дальше »

2019-7-16 16:01


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. дальше »

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. дальше »

2019-7-16 10:24


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What Congress May Want To Know About Facebook's Libra

With Facebook set to meet with the Senate on Tuesday and the House on Wednesday, Washington insiders report that lawmakers will be interested in Libra's classification as a possible exchange-traded fund, what Facebook will do to ensure user privacy, and what the Swiss headquarters of the Libra Association will mean for US oversight of the project. дальше »

2019-7-16 18:45


Enraged South African Bitcoin Scam Victims Burn Down The House Of Alleged Scammer

You don’t mess with Bitcoin investors from Ladysmith or, maybe, well, you do, but your house gets torched. After several South Africans lost their money to a Bitcoin Ponzi scheme in the rural town of Ladysmith, they decided to torch the house of the alleged mastermind of the crime, Sphelele “Sgumza” Mbatha. According to reports, […] дальше »

2019-7-12 01:40