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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President Donald Trump and Rep. Maxine Waters (D-CA) agree on their dislike of the Facebook-backed Libra cryptocurrency (Photo composite from images by Gage Skidmore of Peoria, AZ, and the U.S. Congress)President Trump slams Bitcoin, piles on Facebook’s Libra
Donald Trump and Rep. Maxine Waters actually agree on something: Facebook’s cryptocurrency is a bad idea
Facebook is so powerful it can even make President Donald Trump agree with Rep. Maxine Waters, the liberal House Democrat from California’s 43rd district, near Los Angeles.
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Visa, Mastercard, PayPal, Uber among companies joining Facebook stablecoin project
Wall Street Journal reports the social media giant will unveil GlobalCoin details next week
Facebook has signed up a who’s who of tech and financial powerhouses to back its forthcoming stablecoin, including Mastercard, Visa, PayPal, and Uber, the Wall Street Journal reported on June 13.
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Bloomberg host hilariously tears into blockchain fans, gets blocked on Twitter by CEO
Joe Weisenthal ridicules investor Naval Ravikant and other blockchain enthusiasts in a tweetstorm
Don’t expect AngelList CEO Naval Ravikant to appear on Bloomberg’s “What’d You Miss?” any time soon. That’s because the show’s co-host, Joe Weisenthal, took to Twitter to rip into Ravikant’s lofty pronouncements about blockchain technology. Here’s how it went down: It all began in Sunday morning from a tweet by from Shane Parish, the founder of something called Farnam Street. For those unfamiliar with it (we were on that list), the site’s “About” section says: “We address such topics as mental models, decision making, learning, reading, and the art of living.” According to Parish, he has “helped millions of people master the best of what other people have already figured…


