Waters noted that Facebook history of handling user-data adds to her concerns and urged Facebook's executives to testify before her committee. … [Read more...] about Facebook’s Libra vs. Bitcoin: What’s The Difference?
Since announcing the Libra plan last month, Facebook has faced criticism, including from Trump. Treasury Secretary Steven Mnuchin on Monday called it a "national security issue," [because] "cryptocurrencies such as Bitcoin have been exploited to support billions of dollars of illicit activity like cybercrime, tax evasion, extortion, ransomware, illicit drugs, and human trafficking." … [Read more...] about GOP Sen. Toomey Willing to Give Libra Coin a Chance
Growing uneaseEuropean officials, already wary of the US dollar's dominance in foreign exchange, appear reluctant for a US company to gain such a strong foothold, Bernard-Alzias cautioned. … [Read more...] about Stormclouds Gather For Facebook’s Libra Currency
"So we very much believe in the potential of Libra." … [Read more...] about PayPal Cautious About Future Of Libra Cryptocurrency
How does Facebook fit into this? Facebook is launching a cryptocurrency that will be based on real assets. That means it's essentially what's known as a “stable coin” which has either traditional currency (USD, euros) or government debt backing it. That would make it less volatile than Bitcoin, experts say. … [Read more...] about What is Facebook’s new digital currency Libra?