The House Financial Services Committee (HFSC) held a hearing on Tuesday, September 24, 2019 titled “Oversight of the Securities And Exchange Commission: Wall Street’s Cop On The Beat”.For the SEC, this was a chance for all five Commissioners to publicly meet together and sit as witnesses before the Committee in the House of Representatives.For Democrats,…

People walk past a board with the logo of Bitcoin in a street in Yerevan, Armenia September 9, 2019.Anton Vaganov | Reuters This has been a tough week for bitcoin . The world’s first and largest cryptocurrency plunged more than 20% over seven days, hitting a low of $7,757 Friday — its lowest level since…

People walk past a board with the logo of Bitcoin in a street in Yerevan, Armenia September 9, 2019. Anton Vaganov | Reuters This has been a tough week for bitcoin . The world’s first and largest cryptocurrency plunged more than 20% over seven days, hitting a low of $7,757 Friday — its lowest level…

Terms and Conditions Home Cryptocurrency News Facebook COO Faces Bipartisan Congressional Grilling Over Libra in October Facebook Chief Operating Officer Sheryl Sandberg is expected to field questions from a Congressional committee over the controversial cryptocurrency ‘Libra’.| Source: Joe Raedle/Getty Images/AFP Facebook COO Faces Bipartisan Congressional Grilling Over Libra in October By Mark Emem @cointributor September…

In June, Facebook and other members of the Libra Association that include Vodafone, credit card companies Mastercard and Visa, and PayPal, announced plans to launch a digital currency backed by a reserve of real-world assets next year The launch of Facebook’s Libra could be pushed back to tackle the regulatory concerns that have been raised…

Bitcoin and cryptocurrency markets went into meltdown this week , with the bitcoin price suddenly falling off a cliff .The bitcoin price lost some 15% in a shock sell-off on Tuesday , dragging down the wider bitcoin and crypto market and catching traders, who had hoped the hotly-anticipated Bakkt crypto platform launch would give bitcoin…

Benjamin Glick | September 26, 2019 With contributions by Maria Wolvin and Ben Marsico. In this week’s roundup, a spree of activity continued for the Securities and Exchange Commission.Last Thursday, witnesses provided testimony before the SEC’s Investor Advisory Committee to address the increased use of leveraged loans and the potential impact they could have on…

Following in the steps of Instagram, Facebook is testing hiding from the public the number of Likes a post receives as an effort to de-escalate the the impact they have on mental health of users For years, people who use Facebook, Instagram and Twitter have chased Likes as a status symbol.More Likes on a social…

Brexit’s $74 Trillion Battle Over Derivatives Is Heating Up Alexander Weber and Silla Brush – BloombergIndustry groups want extended access to London clearinghouses; FIA and AFME say solution is needed before end of this yearLondon’s dominance of the derivatives market is under threat, with European firms at risk of being blocked from using clearinghouses in…