Behind the Scenes of Our Deep Dive on Libra

Behind the Scenes of Our Deep Dive on Libra 1

Tomorrow we’re publishing a function about Libra, the audacious digital foreign money plan spearheaded by Facebook. Due to the grandiosity of its imaginative and prescient, the severity of critics’ objections, and the uncertainty about its future, Libra might be thought-about the defining fintech story of the 12 months. We’ve included it as half of a […]

Facebook’s Libra code chugs along ignoring regulatory deadlock – Internet

Facebook’s Libra code chugs along ignoring regulatory deadlock – Internet 3

“5 months and growing strong” the Libra Association introduced immediately in an put up about its technical infrastructure that fully omits the fierce regulatory backlash to its cryptocurrency. 40 wallets, instruments, and block explorers plus 1,700 Github commits have how now been constructed on its blockchain testnet that’s seen 51,000 mock transactions prior to now […]

Facebook shouldn’t be driving libra project, Ethereum co-founder says

Facebook shouldn't be driving libra project, Ethereum co-founder says 9

Facebook founder Mark Zuckerberg speaks at Georgetown University in a ‘Conversation on Free Expression” in Washington, DC on October 17, 2019. Andrew Caballero-Reynolds | AFP | Getty Images Facebook shouldn’t be spearheading the libra cryptocurrency mission, in line with a co-founder of the Ethereum blockchain. “I’m an enormous fan of initiatives like Libra,” Joseph Lubin […]

Governments race to beat Facebook’s cryptocurrency, libra, at its own game: Don Pittis

Governments race to beat Facebook's cryptocurrency, libra, at its own game: Don Pittis 10

Facebook’s scheme to create its own cash within the type of the libra digital coin has set off a worldwide race to beat the social media colossus at its own recreation, and Canada could be an essential participant. Since the preliminary delicate response from U.S. Federal Reserve chair Jerome Powell the day after the libra mission was introduced in June, the world’s […]

Something similar to Facebook’s libra could emerge: Expert

Something similar to Facebook's libra could emerge: Expert 15

Facebook’s libra might not be authorized, however the possibilities of a unique digital international forex being created are actually greater, the president of a European assume tank advised CNBC this week. The social media big proposed plans for a cryptocurrency in June, however has since run into numerous regulatory roadblocks. CEO Mark Zuckerberg testified earlier […]

Jack Dorsey says ‘hell no’ to joining Libra

Jack Dorsey says ‘hell no’ to joining Libra 16

Twitter won’t ever be a part of Libra, CEO Jack Dorsey mentioned in the present day at a Twitter media occasion in New York City. He mentioned “hell no” when requested if he would be a part of and defined that the Facebook-created cryptocurrency initiative didn’t want to be a cryptocurrency to pull of its […]

What Happened at the Congressional Hearing on Facebook and Libra?

What Happened at the Congressional Hearing on Facebook and Libra? 17

Libra season is over. On October 23, Facebook founder and Turing Test dropout Mark Zuckerberg testified to Congress for 5 hours about the cryptocurrency that Facebook desires to launch subsequent 12 months—however which now would possibly by no means launch at all. Here’s what went down. What was this listening to about? Zuckerberg appeared earlier […]

After this week’s hearing, Libra really might be in trouble

After this week’s hearing, Libra really might be in trouble 19

A recurring theme of this e-newsletter is that, relating to massive tech firms, Congressional hearings are sometimes unsatisfying. Members fail to do their homework, and embarrass us with their picayune questions. Or they play to the cameras, interrupting witnesses earlier than they will reply. For their half, tech executives take pains to make as little […]

Congress isn’t buying Mark Zuckerberg’s pitch for Libra

Congress isn’t buying Mark Zuckerberg’s pitch for Libra 20

Facebook CEO Mark Zuckerberg sat earlier than dozens of members of Congress on Wednesday, charged with the aim of convincing them that the corporate’s foray into cryptocurrency is a good suggestion. But practically each lawmaker who spoke in the present day took Zuckerberg to process over the corporate’s previous failures, calling on him and Facebook […]

Lawmakers were still concerned about libra after Zuckerberg testimony

Lawmakers were still concerned about libra after Zuckerberg testimony 21

Facebook co-founder and CEO Mark Zuckerberg testifies earlier than the House Financial Services Committee within the Rayburn House Office Building on Capitol Hill October 23, 2019 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images Six hours after lawmakers started grilling Facebook CEO Mark Zuckerberg on his cryptocurrency plans, House members from […]

The Best Moments From Mark Zuckerberg’s Libra Testimony

The Best Moments From Mark Zuckerberg's Libra Testimony 22

Mark Zuckerberg, America’s pluckiest boy-technocrat and the inventor of the Retreating Bowl Cut, sat earlier than the House Financial Services Committee for a marathon six-hour listening to at present. In idea, he was there to speak about his makes an attempt to prop up a brand new worldwide foreign money. In follow, he was grilled about […]