Facebook is in for a rough ride with its Libra cryptocurrency project. If that wasn’t clear from the president’s anti-cryptocurrency Tweets last week and Treasury Secretary’s comments on Monday that they are “a national security issue,” it was very obvious after the Facebook executive spearheading its Libra payment system was treated like a bipartisan punching bag in a hearing before the U.S. Senate Banking Committee on July 16.
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Nobel laureate and Columbia University professor of economics, Joseph E. Stiglitz (photo via Columbia University).‘Suckers are born every minute’: Economist Joseph Stiglitz takes on Facebook’s David Marcus over Libra
The head of Facebook’s new cryptocurrency project fires back at the Nobel laureate’s declaration that only a fool would trust it
Earlier this week, a Nobel Prize-winning economist squared off with a Facebook executive over whether the social media giant could be trusted to create a cryptocurrency.
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Facebook is joining Apple and Google in coming after Citibank and Chase
The social media giant’s Libra cryptocurrency is about a lot more than just payments
The tech giants are coming for the banks. If there’s one message to be taken out of Facebook’s aggressive push into blockchain-based payments via its new cryptocurrency, libra, it’s that Facebook is now also a FinTech company.
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Facebook’s Libra seeks to MySpace Bitcoin
The social media giant’s new stablecoin will harness its 2.7 billion users to bring the new cryptocurrency mainstream
Facebook wants to do to Bitcoin—and maybe even the dollar, euro, and yen—what it did to MySpace and Friendster by launching a new cryptocurrency called libra, announced on Tuesday after months of anticipation and speculation.
