Tag Archives: Facebook

Facebook’s Libra Pushes Back at Claims Project Is Threat to Financial Stability

Facebook’s Libra Pushes Back at Claims Project Is Threat to Financial Stability

The head of the Facebook-led Libra Association has responded to claims that the cryptocurrency project threatens nations’ financial stability. In interview with French daily Les Echos on Thursday, Bertrand Perez, the association’s managing director and COO, played down concerns over potential disruption to the monetary policies of central banks with currencies included in the Libra reserve – a […]

Facebook hires former aid to chairman of US Senate Banking Committee for Libra project

Facebook hires former aid to chairman of US Senate Banking Committee for Libra project

The social media giant Facebook, has recently hired a former aid to the chairman US Senate Banking Committee, Susan Zook. She will be working on the new Libra project, in a move to get things pushing forward. Susan is known to have decent connections politically, as she previously served as former aid to Senator Mike […]

Bitcoin Noticeably Absent From Senate Hearing on Facebook’s Libra

Bitcoin Noticeably Absent From Senate Hearing on Facebook’s Libra

For a panel about a proposed cryptocurrency, Tuesday’s Senate Banking Committee hearing was notably light on crypto talk. Bitcoin was barely mentioned during the two-hour session and most of the lawmakers seemed far less concerned with the technology than with who was planning to leverage it: Facebook. Sen. Brian Schatz (D-Hawaii) put it perhaps the […]

Breaking: Bitcoin tumbles under $10,000 as U.S. Senate mulls Facebook’s Libra

Breaking: Bitcoin tumbles under $10,000 as U.S. Senate mulls Facebook’s Libra

Bitcoin is falling like dead weight in the air following the break under $10,000 support. As discussed earlier the price retreated from the region above $11,000. The increasing selling pressure has overwhelmed the diminishing buying pressure to the extent that BTC/USD is trading at new July lows. The bleeding is happening amid the ongoing US Senate hearing […]

WHAT’S BEHIND RECENT GAINS FOR BITCOIN, ETHEREUM, RIPPLE’S XRP AND LITECOIN?

WHAT’S BEHIND RECENT GAINS FOR BITCOIN, ETHEREUM, RIPPLE’S XRP AND LITECOIN?

The year 2019 has been slow for most digital currencies. At the beginning of the year, Bitcoin, Ethereum, Litecoin and Ripple (XRP) maintained the same low price points as the end of the previous year. This was largely owing to a long-running market correction following the post-2017 crypto boom. However, things seemed to pick up in the past few […]

A Monumental Fight Over Facebook’s Cryptocurrency Is Coming

A Monumental Fight Over Facebook’s Cryptocurrency Is Coming

Given how slowly Washington lawmakers have taken to devise a coherent, informed view of cryptocurrency, the Chair of the House Financial Services Committee’s rapid leap to action last week over Facebook’s ambitious Libra project was remarkably fast. But let’s reflect not on the details of Rep. Maxine Waters’ (D-Calif.) urgent requests that  Facebook to cease work […]

EVERYTHING YOU NEED TO KNOW ABOUT FACEBOOK CRYPTOCURRENCY

EVERYTHING YOU NEED TO KNOW ABOUT FACEBOOK CRYPTOCURRENCY

Fifteen years ago when Mark Zuckerberg and Eduardo Saverin created what would become Facebook, it would have been difficult to picture just how powerful that project would eventually become. When Facebook opened its doors to the public in 2006 and began its journey in the shadows of social networks like Hi5 and MySpace, there wasn’t the slightest […]

Facebook Co-founder Says Regulatory Scrutiny of Libra Must be ‘Exhaustive’

Facebook Co-founder Says Regulatory Scrutiny of Libra Must be ‘Exhaustive’

Chris Hughes, one of the original five Harvard friends and roommates who co-founded Facebook, has weighed in on the controversial Libra cryptocurrency debate with a scathing critique on corporate ethics. In a commentary article in Friday’s Financial Times Hughes admits he is a cryptocurrency sceptic and that he – like many central bankers around the world – […]

Pro or Anti Bitcoin? Crypto Community Divided Amid Facebook Coin Launch

Pro or Anti Bitcoin? Crypto Community Divided Amid Facebook Coin Launch

At long last, Facebook’s inaugural consumer-facing Bitcoin-related (albeit remotely related) project is upon us. To be announced on Tuesday morning, Libra (Reserve) is slated to be a stablecoin tied to a basket of traditional assets, presumably ensuring it is nothing like other crypto assets. Joining the social media giant in this venture are star massive […]

Bitcoin Pumps Whilst Google Interest Declines: Evidence of Institutions Buying?

Bitcoin Pumps Whilst Google Interest Declines: Evidence of Institutions Buying?

Bitcoin is back above $9,300 again after the price pumped from just over $9,000 at the start of today to its current level of around $9,325 at the time of writing. Interestingly, despite today’s price surge, interest in the number one crypto asset by market capitalization appears to be down on popular search engine Google. This […]