Financial giants are becoming skittish over Facebook’s plans for cryptocurrency domination.| Topic: Blockchain Global firms working on brand cryptocurrencies take a cue from Facebook’s Libra case Lines are blurring between fintech banking and consumer digital wallets, major consumer brands have much to gain and more to lose as the race to serve future customers with…
Libra Cryptocurrency
Libra is a permissioned blockchain digital currency proposed by the American social media company Faceboo
Facebook denies there’s ‘angst’ about its Libra cryptocurrency plans amid reports partners like Visa and Mastercard might pull out,
Facebook only announced its new currency Libra in June but a senior executive leading the project is already hitting back at reports that the project is coming apart at the seams. David Marcus, the Facebook executive overseeing Libra, fired back on Twitter at a Wall Street Journal report that said that a group of Libra’s…
Facebook And Mark Zuckerberg’s Worst Nightmare Is Coming True
It all seems to be going wrong for social media giant Facebook.On the one side, politicians are lining up to trash the company , with Democratic presidential hopeful Elizabeth Warren’s March threat to break Facebook up back in the spotlight. Meanwhile, Facebook’s hotly-anticipated bitcoin rival libra, which was scheduled for launch some time next year…
Disinformation a threat to 2020 election, and we still haven’t dealt with 2016 (opinion) – CNN
Ann M.Ravel is the Digital Deception Project director at MapLight and previously served as chair of the Federal Election Commission.The opinions expressed in this commentary are her own. Amid the flurry of debates, ads and candidate speeches for the 2020 presidential election, another hallmark of the campaign season has appeared: digital deception.It seems almost a…
House committee wants Facebook’s Mark Zuckerberg and Sheryl Sandberg to testify on Libra
By Clare Duffy, CNN Business Congress is concerned about Facebook’s Libra cryptocurrency , and one committee wants to question the folks in charge: Both Mark Zuckerberg and Sheryl Sandberg have been asked to testify before the House Financial Services Committee about Facebook’s plans for Libra. A hearing with Sandberg, Facebook’s chief operating officer, could come…
Last Week in the City: Markets slump on growth woes
Garry White, Chief Investment Commentator, looks at the market-moving events that have shaped equity markets this week (30 September to 4 October 2019).by Garry White 04.10.2019 It was a very busy week for participants in global markets.A slew of negative economic data prompted significant growth concerns; the Democrats launched an impeachment inquiry into Donald Trump;…
Bitcoin & Co.: Do investors have to pay taxes for their cryptography companies? | 04/10/19
Should the profits generated by the cryptocurrency trade be taxed? If yes, how? A rare question about this investment opportunity, if you believe the American accountants. • According to experts, many crypto investors pay no tax on their business with Bitcoin and Co.• The United States is already working on a new regulation • A…
How Consensus Mechanisms Affect Energy Usage in a Blockchain
How Consensus Mechanisms Affect Energy Usage in a Blockchain ID 126119576 © Iurii Motov | Dreamstime.com Oct 1, 2019 12:58 pm GMT 298 views Even though blockchain has become part of the daily lexicon, there are still quite a few misconceptions associated with the technology.Probably the biggest one has to do with its energy usage.A…
Pablo Soria de Lachica Examines the Impact of Facebook’s Cryptocurrency Libra on Financial Services Sector
MEXICO CITY, MX 1, 2019 / The arrival of Bitcoin a decade ago was hailed as a landmark moment in the history of money, with proponents of the original cryptocurrency prophesying that it would democratize finance and change the banking system forever.However, the proliferation of digital coins since then has made no dent on the…
Stephen Schwarzman’s Lesson in New Book: Go Big
Good morning. Blackstone CEO Stephen Schwarzman has a new book out, entitled What It Takes , and last night I had the opportunity to interview him about it in front of a group of admirers at the New York Public Library (in the Stephen A.Schwarzman building.) The book is a fascinating portrait of a man…