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
What does the future hold? “Our financial services system really has not been disrupted in the same way that media and other industries have with the arrival of the internet and digitisation. Payment, currencies, and banks haven't really changed a whole lot since the arrival of the internet and since the 2008 financial crisis,” Blockchain's Dr Hileman said. … [Read more...] about What is Facebook’s new digital currency Libra?