Libra News

Walmart’s prospective USD-backed stablecoin should be looked upon more favorably by regulators than Facebook’s Libra, according to U.S. investment banking and financial services company, Cowen, Bloomberg reported. Where Cowen may not be known as one of Wall Street’s household names, the investment bank has in recent years appeared more confident voicing its bets after being […]

U.S. cryptocurrency index fund provider Bitwise Investments said that Facebook’s Libra has accelerated crypto’s progress by three years. Despite the increased industry scrutiny, the increased attention toward Bitcoin is working to its advantage. It’s been an amazing year for crypto, Bitwise says A San Francisco-based index fund company believes that the best is yet to […]

Brad Garlinghouse, the CEO of Ripple, said that Facebook was responsible for the scrutiny and criticism it encountered from regulators. In an interview with Bloomberg TV, Garlinghouse said that the company went “too far” in its whitepaper by stating Libra was going to become a “new currency.” Facebook sabotaged Libra with “arrogant” approach While the […]

Facebook has warned investors that its highly anticipated, and much-contested cryptocurrency project, Libra, may never get off the ground. Libra’s May 2019 debut brought to an end nearly a year of speculation that Facebook was quietly building a cryptocurrency, with the social media giant unveiling a permissioned payments blockchain for its 2.4 billion users backed […]

According to a recent poll by CivicScience, the majority of Americans trust Bitcoin more than they trust Facebook’s Libra. With 86 percent of respondents saying that they weren’t interested in Libra at all, it seems that Facebook will have a tough year trying to win over the public. Facebook’s Libra is up against a tough […]

Congressman Brad Sherman, a vocal critic of the crypto industry, again called for a complete ban on cryptocurrencies. Sherman said Bitcoin had no real use other than to fund illicit activities and warned about the risks cryptocurrencies pose to the political and financial stability in the U.S., he said in an interview with Bloomberg. Cryptocurrencies […]

In a historic moment in Congress, pro-cryptocurrency representatives warned the House of Representatives of the “unstoppable” power of Bitcoin, calling for the United States to clarify regulations and seize the lead in blockchain innovation. Meanwhile, Facebook’s Libra continued to face relentless opposition. David Marcus made his second appearance on Capitol Hill this week to testify […]

Bitcoin has been in the spotlight lately after a tweet from U.S. President Donald Trump where he expressed his views on cryptocurrencies, stating that he was “not a fan” of Bitcoin and that its value was highly volatile and based on thin air. Since then, U.S. Secretary of the Treasury Steven Mnuchin held a briefing […]