Facebook faces more scrutiny on Day 2 of Libra hearings

Facebook Inc faces more questioning by U.S. lawmakers on Wednesday over its planned cryptocurrency, after a bruising first bout when senators from both parties condemned the project, saying the company had not shown it could be trusted......»»

“It is out of question’’ that Facebook's Libra be allowed to “become a sovereign currency,” says France's finance minister......»»

Federal Reserve governor Lael Brainard has warned that the Facebook-led Libra project faces stiff regulatory challenges and that there's a question mark over one of its core concepts......»»

U.S. Federal Reser.....»»

Between skepticism about Facebook Inc.’s ability to safe.....»»

Facebook's Libra cryptocurrency faces a pivotal meeting of backers on Monday, days after the ambitious project to bring digital coins into mainstream commerce suffered a severe setback when major payment firms quit......»»

The alternative currency plan proposed by Facebook could still launch, but the road to get there has just gotten way harder, a.....»»

Facebook chief executive Mark Zuckerberg will testify before the U.S. House Financial Services Committee on Oct. 23 as the company faces growing scrutiny from U.S. lawmakers......»»

Facebook chief executive Mark Zuckerberg will testify before the U.S. House Financial Services Committee on Oct. 23 as the company faces growing scrutiny from U.S. lawmakers......»»

The digital payment system has potential, but it may cause trouble for the social media giantRelated Stocks: FB,.....»»

Facebook's Libra cryptocurrency suffered another setback on Wednesday when Switzerland said the proposed payments system could face strict rules that typically apply to banks, on top of tough anti-money laundering laws......»»

Wall Street has remained mostly bullish on Facebook despite scrutiny of its data practices, allegations of political bias and evident government mistrust of Libra......»»

Facebook Inc's proposed digital currency Libra faces anti-trust probe by European Union regulators, Bloomberg reported on Tuesday, citing a document seen by the organization......»»

Facebook has been scrambling to get its global cryptocurrency payment network called Libra off the ground, but challengers abound......»»

From Silicon Valley to Washington, DC, Facebook's Libra is causing concern everywhere it turns up. This CoinDesk video explores what happened in the halls of power when the first major corporation joined the crypto party......»»

Weekly Edge: Bitcoin"s Value Plummets As Facebook"s Libra Comes Under Heavy Scrutiny.....»»

Facebook's second day of Congressional hearings over Libra was by most accounts a total debacle - between Rep. Carolyn Maloney (D-CA) suggesting that the social media giant 'shouldn't launch' the cr.....»»

Facebook is trying again to sell lawmakers on Libra Wednesday during a House Financial Services Committee hearing......»»

Facebook Inc will face more questioning on Wednesday by U.S. lawmakers over its planned cryptocurrency after a bruising first bout when senators from both parties condemned the project, saying the company had not shown it could be trusted......»»

Bitcoin tumbled back below $10,000 and dragged the rest of the crypto space lower after U.S. lawmakers grilled Facebook on its cryptocurrency plans, as political and regulatory scrutiny of digital coins intensifies. Bitcoin.....»»