Tag Archive for facebook

Congressman implies Facebook’s Libra is a ‘shitcoin’

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Congressman Warren Davidson really wants to talk about shitcoins.

The representative from Ohio took pains Wednesday to make that clear during a congressional hearing examining the potential ramifications of Facebook’s proposed Libra digital currency. Over the course of the hearing, Davidson highlighted all the perceived benefits of bitcoin and laid out how “shitcoin” — like, he implied, Libra — fundamentally differ.

In questioning Meltem Demirors, CoinShares’ chief strategy officer,…

Facebook’s Libra is so shady it actually united Congress

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For the second day in a row, Republican and Democratic lawmakers slammed Facebook over its digital currency, Libra

Members of the House Committee on Financial Services backed the message of their Senate colleagues from yesterday: they don’t trust Facebook.

Rep. Maxine Waters opened the hearing by blasting Facebook’s “pattern of failing to keep consumer data private on a scale similar to Equifax” and said that if Libra launches, “the company and its partners will yield immense…

Congressman implies Facebook’s Libra is a ‘shitcoin’

TwitterFacebook

Congressman Warren Davidson really wants to talk about shitcoins.

The representative from Ohio took pains Wednesday to make that clear during a congressional hearing examining the potential ramifications of Facebook’s proposed Libra digital currency. Over the course of the hearing, Davidson highlighted all the perceived benefits of bitcoin and laid out how “shitcoin” — like, he implied, Libra — fundamentally differ.

In questioning Meltem Demirors, CoinShares’ chief strategy officer,…

Facebook’s Libra is so shady it actually united Congress

TwitterFacebook

For the second day in a row, Republican and Democratic lawmakers slammed Facebook over its digital currency, Libra

Members of the House Committee on Financial Services backed the message of their Senate colleagues from yesterday: they don’t trust Facebook.

Rep. Maxine Waters opened the hearing by blasting Facebook’s “pattern of failing to keep consumer data private on a scale similar to Equifax” and said that if Libra launches, “the company and its partners will yield immense…

Congressman implies Facebook’s Libra is a ‘shitcoin’

TwitterFacebook

Congressman Warren Davidson really wants to talk about shitcoins.

The representative from Ohio took pains Wednesday to make that clear during a congressional hearing examining the potential ramifications of Facebook’s proposed Libra digital currency. Over the course of the hearing, Davidson highlighted all the perceived benefits of bitcoin and laid out how “shitcoin” — like, he implied, Libra — fundamentally differ.

In questioning Meltem Demirors, CoinShares’ chief strategy officer,…

Bitcoin drops below $10,000 as Libra enters the fold

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The cryptocurrency reached a low of $9,214. With Libra, a Facebook-owned cryptocurrency, entering the ring, many are pointing to the criticism Facebook and cryptocurrencies in general are facing as a potential reason behind the decline.

Read more here. Read more…

More about Tech, Mashable Video, Bitcoin, Libra, and Cryptocurrency

Facebook’s Libra is so shady it actually united Congress

TwitterFacebook

For the second day in a row, Republican and Democratic lawmakers slammed Facebook over its digital currency, Libra

Members of the House Committee on Financial Services backed the message of their Senate colleagues from yesterday: they don’t trust Facebook.

Rep. Maxine Waters opened the hearing by blasting Facebook’s “pattern of failing to keep consumer data private on a scale similar to Equifax” and said that if Libra launches, “the company and its partners will yield immense…

Facebook’s Libra is so shady it actually united Congress

TwitterFacebook

For the second day in a row, Republican and Democratic lawmakers slammed Facebook over its digital currency, Libra

Members of the House Committee on Financial Services backed the message of their Senate colleagues from yesterday: they don’t trust Facebook.

Rep. Maxine Waters opened the hearing by blasting Facebook’s “pattern of failing to keep consumer data private on a scale similar to Equifax” and said that if Libra launches, “the company and its partners will yield immense…

Bitcoin drops below $10,000 as Libra enters the fold

TwitterFacebook

The cryptocurrency reached a low of $9,214. With Libra, a Facebook-owned cryptocurrency, entering the ring, many are pointing to the criticism Facebook and cryptocurrencies in general are facing as a potential reason behind the decline.

Read more here. Read more…

More about Tech, Mashable Video, Bitcoin, Libra, and Cryptocurrency

With all eyes on Libra, Bitcoin drops deep below $10,000

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During the first day of Facebook’s congressional hearing on Libra, the topic was largely Facebook itself, with cryptocurrencies and blockchain being a distant second. 

And yet, most popular cryptocurrencies have been losing value as if the U.S. Senators have somehow been grilling them and not Facebook’s David Marcus, who’s about to spend some more unpleasant time at Congress today. 

Bitcoin dived sharply below $10,000 on Tuesday, reaching a low of $9,214 on cryptocurrency exchange Binance….