Libra Hearing Fails to Assuage Senior Lawmakers’ Concerns

Financial Services Committee Chair Maxine Waters said that she is still not pleased with Facebook’s proposed Libra stablecoin. Following testimony before the United States House of Representatives Financial Services Committee earlier today, lawmakers are still concerned about the possible launch of the Libra stablecoin. On Oct. 23, legislators heard statements from Facebook CEO Mark Zuckerberg and posed […]

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Libra Could Serve as Counter to Chinese Digital Currency, Says Zuckerberg

During the Congressional hearing on Oct. 23, Mark Zuckerberg touched upon the potential threat of China’s digital currency. Facebook CEO Mark Zuckerberg testified before the United States House of Representatives Financial Services Committee today regarding the Libra stablecoin project. Facebook’s Libra vs. China’s digital renminbi During the much-anticipated hearings before Congress on Oct. 23, lawmakers […]

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China’s Cyberspace Watchdog Approves 309 More Blockchain Services

The Cyberspace Administration of China adds 309 more companies to its list of registered blockchain service providers. The Cyberspace Administration of China, the country’s central Internet regulator, censor, oversight and control agency, has published its second list of registered blockchain service providers. The new batch comprises 309 companies that are representatives of various industries, including […]

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Libra Loses Key Members, Potentially Forked — Still Looks Confident

Libra proceeds with formalizing its governance structure amid major members dropping out, regulatory upheaval and fork attempts. Earlier this week, initial members of the Libra Association formalized a governance structure after holding their inaugural meeting in Geneva. The transition happened just days after seven high-profile participants, including Visa, eBay and Mastercard, chose to leave the […]

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