Mark Zuckerberg grilled by Congress over Libra and political ads

posted in: Cryptocurency | 0

New York (CNN Business)Mark Zuckerberg returned to Capitol Hill on Wednesday to testify before the House Financial Services Committee over Facebook’s plans for a cryptocurrency project called Libra. Within minutes, however, it became clear lawmakers would expand the focus of … Continued

Monday was supposed to be a big day for Facebook’s Libra. Instead, it lost another partner

posted in: Cryptocurency | 0

New York (CNN Business)Monday was supposed to be an exciting day for Libra. Its governance organization, the Libra Association, held an inaugural meeting to select members for its leadership team a critical milestone for the Facebook (FB)-developed cryptocurrency project. “Of … Continued

Facebook says Libra is out of its control. But Libra’s overseers are a web of Silicon Valley insiders

posted in: Cryptocurency | 0

New York (CNN Business)In its effort to bring the Libra cryptocurrency to life, perhaps the biggest hurdle for Facebook is a lack of trust and opposition from regulators around the world, who are concerned about Libra’s potential implications for privacy … Continued

Antitrust scrutiny isn’t stopping Big Tech from trying to get even bigger

posted in: Cryptocurency | 0

New York (CNN Business)On Tuesday, representatives from Facebook (FB), Amazon (AMZN), Apple (AAPL) and Google (GOOG) are set to testify at a House hearing on “online platforms and market power,” in what could be the industry’s most high-profile grilling session … Continued