Zuckerberg to tell Congress that Libra can Fix “failing” Financial System

Facebook CEO Mark Zuckerberg will tell congress that Libra can bring financial services to the world’s 1.7 Billion unbanked people. Facebook’s CEO released a written testimony a day before his scheduled appearance before the U.S House of Representatives Financial Services…

Banks May Drop Facebook Due to Regulatory Concerns

An ING executive has warned that banks may be forced to drop Facebook as a customer, if it persists with its plans to develop the Libra project. The executive is concerned that Facebook may continue its project without addressing the…

US Congressman: Facebook Should drop Libra and Adopt Bitcoin

Facebook’s Libra has been receiving a lot of attention since it was first revealed. It has been subject to international scrutiny, analyst scrutiny, and even US congressional scrutiny. U.S congressman Warren Davidson of Ohio’s 8th congressional district added his voice…

Secretary Mnuchin: Libra Backers Dropped out because of Libra’s Non-compliance

Steven Mnuchin speculated on what may have caused the latest blow to Facebook Libra’s ambitions. The proposed digital currency saw more of its corporate backers withdraw support, in what is being seen as a major setback. This came just weeks…

4 Countries that are Strongly Against Facebook’s Libra

Different governments around the world were unsettled after American social media giant Facebook announced a permissioned Blockchain digital currency, named Libra. This proposed digital currency that is reportedly backed by a number of major national currencies, did not excite financial…

Top reasons why Facebook’s Libra is Facing strong opposition

The unveiling of Facebook’s Libra currency has led to a lot of chatter among crypto enthusiasts, some of whom have vehemently refused to support it. Facebook has said that the crypto will enable users to make faster and cheaper international…

Circle CEO: Bitcoin price will Go Past $10,000 by June 21st

Circle CEO Jeremy Allaire believes that the price of Bitcoin will go north of $10,000 by June 21, which will mark the dawn of what he calls the “Crypto summer”. He points to Facebook’s Libra launch as the catalyst that…

Visa, Paypal, and Mastercard back Facebook’s Incoming Stablecoin

Social media giant Facebook’s stablecoin which has not even been officially launched yet, is attracting not only a lot of buzz in the crypto community, but also interest from commercial partners in the form of three major companies PayPal, MasterCard,…

Facebook could Double or Triple Crypto Users – Bloomberg

In an interview with popular financial and crypto publication Bloomberg, Blockchain capital partner Spencer Bogart claimed that the crypto endeavors of social media giant Facebook could lead to the doubling or even tripling of crypto users. Bogart expressed his opinion…

Is a Facebook blockchain move in the pipeline to protect users’ data?

Technology giants like Facebook and Google collect massive amount of user data. Users have no control over the destiny of this data. The data may be sold, or hacked. A Facebook blockchain move may be in the pipeline to protect users’ data, as a Mark Zuckerberg interview seems to indicate.