How the wheels came off Facebook’s Libra project

posted in: Cryptocurency | 0

Support for Mark Zuckerbergs mission to reshape global finance is slipping away slowly but surely When quit in dramatic fashion in recent weeks, including PayPal, eBay, Visa and Mastercard, as concerns mount. One by one theyre starting to drop away. … Continued

Police arrest hundreds over international child sexual abuse website

posted in: Cryptocurency | 0

South Korean-based site accepted digital currency for access to videos, with victims rescued in US, UK and Spain Hundreds of people have been arrested in a worldwide operation over a South Korea-based Read more: https://www.theguardian.com/technology/2019/oct/17/police-arrest-hundreds-over-international-child-sexual-abuse-website

IRS warns crypto holders: dodge tax and we’ll hand out stiff punishments

posted in: Cryptocurency | 0

Service sending out warning letters to more than 10,000 people holding digital currency and says taxpayers should take these very seriously Watch out, crypto-heads the taxman cometh. The Internal Revenue Service has begun mailing more than 10,000 letters to cryptocurrency … Continued

Libra: US Congress asks Facebook to pause development

posted in: Cryptocurency | 0

Legislators say they need time to investigate cryptocurrency and its potential impact The US Congress has asked Facebook to pause development on its cryptocurrency until lawmakers have had more time to investigate the ramifications of the companys actions. In a … Continued

Why Facebook’s Libra currency gets the thumbs down | Joseph Stiglitz

posted in: Cryptocurency | 0

Only a fool would trust Facebook with their financial wellbeing. But maybe thats the point of the Libra currency Facebook and some of its corporate allies have decided that what the world really needs is another cryptocurrency, and that launching … Continued

Libra cryptocurrency: dare you trust Facebook with your money? | John Naughton

posted in: Cryptocurency | 0

The social media giants foray into bitcoin territory should prompt suspicion Weve known for ages that somewhere in the bowels of Facebook people were beavering away designing a cryptocurrency. Various names were bandied about, including GlobalCoin and Facebook Coin. The … Continued