On June 18, Facebook announced the debut of its digital currency Libra. Here’s some background on how the initiative works. Subscribe to The Washington Post on YouTube: https://wapo.st/2QOdcqK Follow us: Twitter: https://twitter.com/washingtonpost Instagram: https://www.instagram.com/washingtonpost/ Facebook: https://www.facebook.com/washingtonpost/ [...]
Wednesday, July 17, 2019 (10:00 AM) — Committee on Financial Services Hearing: Examining Facebook’s Proposed Cryptocurrency and Its Impact on Consumers, Investors, and the American Financial System Connect with the House Financial Services Committee Get the latest news: https://financialservices.house.gov/ Follow us on Facebook: https://www.facebook.com/FinancialDems/ Follow us on Twitter: https://twitter.com/FSCDems [...]
When Facebook first announced it was getting into the crypto business—with a basically unregulated currency called Libra—the reaction from Wall Street and government bankers was about as expected. Fast-foward a few months, and Libra is in trouble. The social media giant had lined up a long list of corporate backers [...]