US Senators Threaten CEOs: Dump Libra or Face Regulatory Wrath
Facebook’s crypto woes are deepening as more partners are jumping the Libra ship before it even sets sail. It appears that US senators are urging them to do so as letters to CEOs...
U.S. Congress Wants to Grill Zuckerberg Again Before January 2020
The U.S. House of Representatives wants Facebook CEO Mark Zuckerberg to appear in its Financial Services Committee to discuss the Libra cryptocurrency project before January 2020...
Facebook Covert Audio Sharing Casts Doubt Over Libra Privacy
Facebook used third-party contractors to listen to user audio without telling them, in a move which raises questions about the third-party sponsors of its libra cryptocurrency...
Visa, Paypal Say They’ll Pay $10 Million to Run ‘Facebook...
Big companies like Visa and PayPal are reportedly willing to pay millions for the privilege of running a node on the Facebook cryptocurrency network. Facebook’s foray into crypto has...
EBay Ads Tell World It Will (Finally) Accept ‘Virtual...
Cryptocurrency users were celebrating fresh rumors about a major adoption push this week after hints suggested eBay might accept Bitcoin and altcoins. eBay: ‘Virtual Currency Is...
‘Facebook Coin’ Will Be More Like Bitcoin Than Starbucks...
Speculations about the purpose of Facebook’s planned digital coin are getting wilder. Ignoring key features like independence and decentralization, one analyst predicts that...
PayPal Says It’s a ‘Little Early’ To Embrace...
PayPal CFO John Rainey says it is “too early” for the company to invest in Bitcoin – despite the fact the cryptocurrency has appreciated 125,000 percent in 7 years. PayPal...
Bitcoin is Now Moving 11% Of Venmo’s Yearly Total in One Day
Bitcoin scaling solutions may be getting huge publicity in 2019, but the amount of money the network processes daily could already cause headaches for competitors. Bitcoin Usage...
Bitcoin Set to Be ‘World’s Main Payment System’ in...
Bitcoin will “surpass all competition” from other payment systems such as Visa and MasterCard within ten years if current growth continues, new research has concluded. Bitcoin Will...
Analyst: ‘Bitcoin Poses Existential Threat To Visa, Mastercard...
Investors should not ignore cryptocurrencies’ threat to incumbent payment services like Visa, Mastercard, and PayPal, according to Lisa Ellis. In a note to clients, the...
Use Bitcoin! Customers Condemn PayPal After It ‘Bans’ The...
Cybersecurity news resource The Hacker News (THN) has become the latest PayPal user to have its accounts frozen without warning, the company has claimed. ‘At Least One Valid...
TIME Magazine: Bitcoin Development Should Be World Priority
TIME Magazine has produced a surprisingly complimentary appraisal of Bitcoin, saying the cryptocurrency “matters for freedom” and is a “way out” of authoritarianism. TIME...