• The libra logo on a cellphone sitting on some coins. What else do you need to see? (via Shutterstock)
    The libra logo on a cellphone sitting on some coins. What else do you need to see? (via Shutterstock)
    Libra

    From privacy regulators to Walmart, Facebook’s Libra faces growing threats

    The US, EU, Canada, and Australia demand data protection guarantees; Walmart patents its own cryptocurrency

    August 6, 2019 /

    In a joint statement on August 6, data protection regulators from the United States, United Kingdom, European Union, Canada, and Australia came head-on, issuing a joint statement slamming the Libra project and Facebook for failing to address the fledgling cryptocurrency’s privacy risks.

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  • Call in the experts: Jeremy Allaire of Circle, Rebecca Nelson of The Blockchain Association, and Mehrsa Baradaran of the University of California, Irvine School of Law before the U.S. Senate Banking Committee, July 30, 2019.
    Call in the experts: Jeremy Allaire of Circle, Rebecca Nelson of The Blockchain Association, and Mehrsa Baradaran of the University of California, Irvine School of Law before the U.S. Senate Banking Committee, July 30, 2019.
    Bitcoin,  Cryptocurrencies,  Libra,  Politics,  United States

    Analysis: Cryptocurrency experts tell Senate innovation requires regulation

    In the wake of Facebook’s Libra plan, a Senate Banking Committee hearing shows Congress getting serious about cryptocurrency regulation

    July 31, 2019 /

    A week after the U.S. government’s inaction on cryptocurrency regulation drove Jeremy Allaire to move most of his company out of the U.S., the Circle chairman and CEO told congress why.

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  • U.S. Senator Sherrod Brown (D-OH). Caricature by DonkeyHotey (Flickr.com/photos/DonkeyHotey)
    U.S. Senator Sherrod Brown (D-OH). Caricature by DonkeyHotey (Flickr.com/photos/DonkeyHotey)
    Libra,  United States

    Sen. Sherrod Brown leads attack on Facebook’s David Marcus during Libra hearing

    The Ohio Democrat led a senatorial gang-up on the social media executive during his testimony before the Senate Banking Committee

    July 17, 2019 /

    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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