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Facebook’s cryptocurrency Libra is a “rival” to US monetary policy and the dollar itself. That’s the view of Congress which has officially urged Mark Zuckerberg to cease development on its crypto project. Zuckerberg will now go toe-to-toe with the US government and, in doing so, pave the way for cryptocurrency legislation across the board. By […]
Squawk Box’s Kevin O’Leary criticized “crypto crap” as being noncompliant and unregulated Source: https://cointelegraph.com/rss
Canon may be late to the clippable camera party, but it's still convinced it can bring something new to the table. The company is preparing a crowdfunding campaign for the Ivy Rec, a clip-on rugged camera that's designed to capture your hikes and ot… Source: engadget
High-ranking legislators in Congress have issued a thundering rebuke to Facebook’s cryptocurrency ambitions, demanding that the Mark Zucker-berg led firm “immediately cease” work on Libra until the government says otherwise. House Democrats Demand That Facebook Halt Its Crypto Project In a letter published on July 2, Maxine Waters and other Democrats on the House Financial […]
Nobel-prize winner Joseph Stiglitz, who has previously advocated for a full ban on cryptocurrency, doesn’t like Facebook’s Libra plans either. Stablecoins might be a friendlier option to someone like Stiglitz, who believes crypto lacks all the properties of sound money. Stablecoins Pale Against Fiat, Says the Economist Facebook’s project might present a challenge to banks […]