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

Facebook’s Libra cryptocurrency faces questions from international regulators

posted in: Cryptocurency | 0

Chair of Financial Stability Board says companys plans could spark closer scrutiny of cryptocurrencies Facebooks Libra cryptocurrency is facing increasing skepticism from international regulators financial instruments. Quarless comments mark the first time a senior US regulator has spoken of how … 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