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US Congressman Urges Facebook to Add Bitcoin Support Instead of Creating Libra
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US Congressman Urges Facebook to Add Bitcoin Support Instead of Creating Libra
The last week has seen Facebook face an increasing amount of difficulties relating to its Libra cryptocurrency. At the time of writing, the Libra Association has lost a number of its most notable founding partners. Now, a US Congressman is urging Facebook to abandon Libra, and instead embrace the existing premier cryptocurrency – Bitcoin. US Congressman says Facebook should abandon Libra, focus on Bitcoin Specifically, this proposal comes from the…
US Treasury Secretary Sheds Light on Libra Mass Exit as Facebook Faces Lawsuit
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US Treasury Secretary Sheds Light on Libra Mass Exit as Facebook Faces Lawsuit
The United States Treasury Secretary, Steven Mnuchin, recently shed some light on the highly publicized mass exit from the Libra Association last week. This comes as Facebook is also facing a Libra-related lawsuit against its Calibra organization. Treasury Secretary Steve Mnuchin says Libra exit was due to compliance issues First and foremost, Mnuchin’s comments came during a fresh appearance by the Treasury Secretary on CNBC’s Squawk Box segment. In the…
Bitcoin Will Bring “Dictators and Toll Trolls” Down, According to Tim Draper
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Bitcoin Will Bring “Dictators and Toll Trolls” Down, According to Tim Draper
A fresh Medium post saw the well-known billionaire investor Tim Draper praise Bitcoin’s potential for democratic reform. In fact, Draper said that Bitcoin could fundamentally change how governments all over the world operate. Draper says Bitcoin could bring down dictators In this Medium post, Draper calls Bitcoin a “startup currency” to the “startup religion” that crypto can bring about. Specifically, Draper says that geographical barriers will become less important as…
Facebook’s Libra Association Suffers Massive Setback as Major Members Flee
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Facebook’s Libra Association Suffers Massive Setback as Major Members Flee
Facebook’s cryptocurrency ambitions through its Libra Association has just seen a massive setback. Specifically, a number of high-profile founding members has just left the Libra Association en masse. Libra Association in crisis as Mastercard, Visa, eBay and Stripe leave Around a week ago, Toshi Times first reported that PayPal was withdrawing from the Libra Association. At the time, some were speculating that this could be the first of many exits…