Connect with us

Libra Coin News, Facebook Libra Cryptocurrency, Calibra Digital Wallet

Libra Coin News, Facebook Libra Cryptocurrency, Calibra Digital Wallet

News: Facebook Libra Under Fire Less than 24 hours of Whitepaper Unveiling


Facebook Libra Project

News: Facebook Libra Under Fire Less than 24 hours of Whitepaper Unveiling

For the most complete data on all crypto currencies check: https://coincheckup.com | The crypto research platform.

Full credits for this video to BitcoinNews.com who listed the info in this video on an article on their website:
https://bitcoinnews.com/?s=.comFacebook%20Libra%20Under%20Fire%20Less%20than%2024%20hours%20of%20Whitepaper%20Unveiling

——–

Crypto tags:

#CryptoNews

——–

Transcript:

0:00:00 Facebook Libra Under Fire Less than 24 hours of Whitepaper Unveiling

0:00:05 This update is brought to you by "CoinCheckup News Updates" and was originally published on "BitcoinNews.com".

0:00:11 Facebook’s Libra project has indeed gotten the attention of the government yet again and has been requested to temporarily halt the development of the cryptocurrency – less than 24 hours of the unveiling of its white paper – until a full-scale examination of the currency has been carried out by relevant agencies.

0:00:27 According to the Tweet, Facebook’s attempt to create a cryptocurrency was an act of disregard for concerns of data privacy and the social media giant may have simply taken an advantage of the unregulated nature of the cryptocurrency markets to continue its “unchecked expansion and extending its reach into the lives of its users,” says Waters.

0:00:46 Indeed, the concerns are getting real by the day as to whether a cryptocurrency is a right course for Facebook to pursue at this time.

0:00:53 Moreover, privacy issues aside, the rate of adoption of cryptocurrencies could possibly be an indirect concern as well, given that the mobile wallet being developed by Facebook – Calibra, would grant billions of people access to cryptocurrency.

0:01:06 Following this train of thought, it appeared a few from the house may have shared this concern as well, to which one of the long-standing members of the committee, Rep.

0:01:14 Patrick McHenry had initiated a letter to the Chair to call for a hearing in order to assess the ramifications of the project beyond speculations and rumors, noting the huge financial backings as well as the scale of its parent company’s global reach.

0:01:27 From McHenry’s statement, perhaps it could be inferred that Bitcoin and the over 2000 cryptocurrencies in the market today are not as threatening as the one Libra project being developed by Facebook.

0:01:38 Thanks for checking this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: "BitcoinNews.com", who originally published this news update on their website.

——–

Other Credits:
Background music: Sheriff by Elexive
https://soundcloud.com/search?q=Elexive
Creative Commons – Ask Elexive for permission if you want to use this song.
Music promoted by Audio Library https://www.youtube.com/channel/UCht8qITGkBvXKsR1Byln-wA
* Created with https://content2video.com technology | Creating videos out of your data.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

RSS Libra Coin News Today!

Libra Coin News Categories

Libra Coin News Cloud

RSS Crypto News Today – Facebook Libra Coin News

  • South Korean regulator is wary of NFT-based games
    The South Korean gaming regulator is reluctant to embrace NFTs. The South Korean blockchain gaming industry is concerned regulators are looking unfavorably on non-fungible token based games, after the Game Rating and Administration Committee (GRAC) postponed an application for the NTF-based Five Stars on September 22. According to iNews24, the watchdog decided to hold off from […]
  • MicroStrategy CEO could ‘liquidate $200M in Bitcoin on a Saturday’
    ‘We can liquidate it any day of the week, any hour of the day,’ said Michael Saylor. Michael Saylor has said that all $400 million of business intelligence firm MicroStrategy’s Bitcoin reserve holdings could be liquidated at any time.In a Sept. 22 interview, Saylor told Bloomberg that although “volatility isn’t really a reason to sell,” […]
  • You won’t believe the depths to which crypto scammers on Twitter are willing to sink
    Twitter doesn’t seem able to move fast enough to stop thieves from grossly misusing their platform. Last Friday night, crypto YouTuber Ivan on Tech messaged me on Twitter. Shortly into our conversation, he graciously offered me an investment opportunity in “Bitcoin trading/mining”, courtesy of a platform that he alleged was associated with Binance. A tale of […]
  • Bitcoin options still bullish despite this week’s $900 BTC price drop
    Retail traders were rattled by Bitcoin’s $900 drop but BTC options data remains bullish ahead of Friday’s expiry. The $900 Bitcoin (BTC) price drop over the past two days might have been scary for novice traders, but those trading futures and options don't seem bothered. Cryptocurrency daily market performance snapshot. Source: Coin360As Bitcoin price rallied to […]
  • Major banks implicated in the FinCen leak take a beating in the stock market
    Banks cleared over $2 trillion in "suspicious" transactions. How did crypto fare in comparison? The major banks who were mentioned in the recent FinCen leak were subsequently thrashed by the market today. According to the investigation conducted by the International Consortium of Investigative Journalists, over the 20-year period from 1997 to 2017, the listed financial institutions […]
  • DeFi may not be like the ICO boom, but is that a good thing?
    Cameron Winklevoss and Tone Vays disagree on the quality of the DeFi space within the context of previous blockchain booms and busts. The crypto industry has boasted tremendous growth over the past year, largely thanks to the decentralized finance, or DeFi, boom. Some believe that the DeFi sector resembles the initial coin offering, or ICO, […]
  • Bitcoin-related ads are now streaming on Disney+ in some regions thanks to Zebpay
    “Learn about simple, secure Bitcoin,” the ads state. Crypto exchange Zebpay has launched a campaign with ads featuring Bitcoin during the Indian Premier League cricket games.As reported by Twitter user Mohit Rai Sharma, ads for Zebpay appeared on Indian streaming platform Disney+ Hotstar during a series of cricket matches starting Sept. 19. “Learn about simple, […]
  • Emin Gün Sirer’s $42 million blockchain for DeFi scaling has launched
    The platform's native asset began trading OKEx, Binance, and elsewhere shortly thereafter. Avalanche, a blockchain offering scalability to the world of decentralized finance took its mainnet live on Sept. 21. "From Snowflake to Avalanche, the decentralized platform has come a long way, and its journey has only just begun," Ava Labs said in a Sept. 21 […]
  • Crooked police chief sentenced to 8 years for dark web shenanigans
    The charges are reminiscent of events that took place during the "Silk Road" saga. Former police chief Yuri Zaitsev was recently sentenced to eight years in prison for acting as a bounty hunter for a dark web marketplace. In December 2018, Zaitsev was working as the leader of his unit within the Main Directorate for Drugs […]
  • SEC vs. Telegram: Part 2 — The case against integrating the two prongs of a SAFT
    Addressing the legitimacy of collapsing the sale of contractual rights with the eventual release of crypto assets. As discussed in the previous article, Telegram is a popular global instant messaging company. In 2018, it sold contractual rights to acquire a new crypto asset that it was developing (to be called Grams) to a group of […]

RSS Crypto News Today 2 – Facebook Libra Coin News

To Top
%d bloggers like this: