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Tag Archives: Libra

BlackRock CEO: We do not need Libra, we need technology

The CEO of the world's largest publicly-traded fund provider BlackRock said he does not consider Facebook's scales a cryptocurrency. The need to democratize foreign exchange. In an interview with Squawk Box of CNBC on July 19, Blackrock announced that Larry Fink had stressed that the exchange of foreign currency in cross-border transactions must be immensely democratized and the fees for …

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Facebook resigns from his ambitious vision for the Libra

Enlarge / David Marcus, Head of Blockchain on Facebook, Speakers On Wednesday, July 17, 2019, a hearing of the House Financial Services Committee took place. David Marcus, head of Facebook's new Calibra payment department, appeared in front of two hostile congressional committees this week with a simple message: Facebook knows that decision makers are worried about the scale. and Facebook …

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Facebook needs to drop Libra and buy Square, Jim Cramer says

Jack Dorsey CEO Jack Dorsey has made a $ 34.2 billion market cap and an established bitcoin play, CNBC's Jim Cramer said Wednesday. Cramer was initially a fan of Big money gets grilled in antitrust hearings on Capitol Hill. Facebook should just drop the concept, Cramer said. "It's clearly doing more harm than good," the "Mad Money" host said, addressing …

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Libra controlled by "mostly massive corporations": AOC –

On the second day of congressional hearings, New York's MEP Alexandria Ocasio-Cortez (AOC) worried Facebook manager David Marcus about centralizing Libra. She questioned Marcus about the process by which she had selected 27 founding members for the Libra Association, a so-called nonprofit cryptocurrency for Facebook. When she discovered that Facebook had invested $ 10 million as one of the main …

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Facebook's Libra project is being attacked from all angles, and Fed chairman voices serious concerns

Federal Reserve Chairman Jerome Powell at a House Financial Services Committee meeting on October 10, 2019 July 2019. Photo: Susan Walsh (AP) Facebook's already troubled Libra cryptocurrency project, which has already met with significant opposition from the US House Committee on Financial Services and the Senate Banking Committee, will hit on Wednesday further resistance of the supervisory authorities. Wired US …

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Tech industry expresses doubts Facebook will launch Libra until 2020

Facebook launched its plans for a cryptocurrency named Libra less than a month ago, but is already facing regulatory and legislative barriers in Washington DC. As a result, some technical executives doubt that the project will be launched by 2020. "I think in two years we will be like this:" Do you remember the Facebook thing? Libra? Said Bismarck Lepe, …

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How Facebook's Libra might get you to clean up your wallet

image source | Getty Images Once Facebook's Libra makes it into the cryptocurrency, there may be a new threat to consumers: their own bad spending habits. Libra is a proposed cryptocurrency developed by Facebook and operated by a consortium of partners, including payment providers, credit card companies and consumer companies. It should start in the first half of the year …

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US lawmakers demand Facebook brake Libra cryptocurrency

Photo: Getty Images The cryptocurrency of the Facebook Libra has a difficult start. After Libra was announced last month, US legislators were not too enthusiastic about the dubious success story of the social media giants in terms of privacy. Now, the US Financial Services Committee calls on Facebook to stop its plans. Under the leadership of Representative Maxine Waters, the …

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4 US lawmakers join Call to Freeze Facebook's Libra project

US. Legislators are formally calling on Facebook, in a new letter to the executives of the social media giants, to cease all development of its cryptocurrency Libra. Democrats from the US House of Representatives wrote an open letter to Facebook on Tuesday calling for a moratorium on the entire development of Libra, while the Financial Services Committee and its affiliated …

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