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Facebook has gotten a beating of late, not least of all from the U.S. government. Today the social media giant faces off with the Senate Banking Committee in a hearing that should define cryptocurrency and the legality of corporate exploration into this odd – and politically frightening – future. You […] In a press conference Monday, Treasury Secretary Steven Mnuchin said Facebook's proposed digital currency, Libra, "could be misused by money launderers and terrorist financiers" and that it was a "national security issue." "Cryptocurrencies such as bitcoin have been exploited to support billions of dollars of illicit activity like cyber crime, […] The United States Senate Banking Committee has released the opening statements of David Marcus, head of Facebook’s crypto wallet Calibra today, July 15. The statements come ahead of a hearing on the Libra cryptocurrency project tomorrow in the Senate, in which Marcus will testify. In his testimony, Marcus raised the […] Japanese authorities are investigating the impact of Facebook’s Libra stablecoin, The New York Times reported on July 12. Per the report, Japanese authorities have set up a working group tasked with investigating the impact of Facebook’s stablecoin on monetary policy and financial stability. The working group will reportedly consist of […] Ethereum’s co-founder Mihai Alisie is extremely concerned that Facebook is attempting to hoodwink regulators into approving a centralized “cryptocurrency,” according to a report by Bloomberg on July 11. In an interview with Bloomberg, Alisie stressed that Facebook is attempting to get regulator approval for its yet-to-be-released virtual currency Libra by […] Donald Trump and entrepreneur Mark Cuban don’t appear to be big fans of cryptocurrency, Libra specifically. Trump and Cuban Say “No” to Libra Libra is the new cryptocurrency being released by social media platform Facebook. The asset is not due to make its official debut until 2020, but already it […] Facebook’s unveiling of its Libra cryptocurrency has generated a lot of attention in the financial world, as well as in the crypto space. So far, the company has announced that its Libra blockchain network will be launched in 2020 and backed by a separate entity, the Libra Foundation. The cryptocurrency […] Federal Reserve Chair Jerome Powell said there needs to be broad satisfaction with the way Facebook is handling regulatory concerns regarding its forthcoming stablecoin Libra. Powell gave his comments in a hearing before the House Financial Services Committee on July 10. Rep. Steve Stivers asked Powell during the meeting, “if […] Facebook’s ‘consortium’ may lose its banking virginity. The cryptocurrency project launched last month by the social media giant has been seen as the death knell for big banks. However, some have diverged, veering closer to Facebook rather than chiding away. The Royal Bank of Scotland [RBS] is one such player. […] David Marcus, the former PayPal exec who now heads Facebook’s blockchain division, is busy defending Libra from all the doubters. Hey, Why All the Hate on Libra? Libra is a new cryptocurrency that Facebook is developing. Users will be able to utilize Libra for purchases through Facebook’s WhatsApp program, as […]
Watch the Facebook Libra Hearing Live
Mnuchin: US has 'very serious concerns' that Facebook's Libra could be misused by terrorists
Senate Releases Opening Statements on Libra Ahead of Senate Hearing
Japan to Look Into the Impact of Facebook’s Libra Ahead of G7
Ethereum Co-Founder Mihai Alisie Concerned Over Libra Centralization
Donald Trump & Mark Cuban Weigh in on Libra
Top-6 Issues Experts/Entities Have With Libra
Fed Chair Says Facebook Needs to Satisfy Regulatory Concerns Regarding Libra
Facebook, Royal Bank of Scotland ‘discuss’ Libra; big-banks to join the consortium?
David Marcus Is Libra's Knight in Shining Armor
