Trending Blockchain Social Media News #29 : July 11th, 2019
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Facebook’s Libra Will Benefit Bitcoin But ‘Destroy’ Banks
"...Capitalizing on existing theories about the social media giant’s Libra protocol, the brief report suggested that publicity from mainstream consumers will ultimately flow into bitcoin..."
Read More : https://cointelegraph.com/news/facebooks-libra-will-benefit-bitcoin-but-destroy-banks-says-industry
Tweet this : https://twitter.com/TranscriptJunky/status/1146050923908784129
Four US Lawmakers Join Call to Freeze Facebook’s Libra Project
"...U.S. lawmakers are formally calling on Facebook to cease all development of its Libra cryptocurrency in a new letter sent to executives at the social media giant.
Democrats from the U.S. House of Representatives wrote an open letter to Facebook Tuesday, calling on a moratorium to all libra development while the Financial Services Committee and affiliated subcommittees hold hearings to determine how it would operate and what protections would be implemented to protect user privacy...."
Read more : https://www.coindesk.com/4-us-lawmakers-join-call-to-freeze-facebooks-libra-project
Tweet this : https://twitter.com/BitcoinsNGravy/status/1146570316342149120
Blockchain Browsers - How DLT Could Affect Web Surfing
"...The appearance of blockchain technology can be compared with the emergence of internet at the initial stage of its development: Users were cautious about a decentralized system and failed to understand many of its subtleties. But just as firms opened up to the internet, almost all corporations are now working on integrating blockchain into their processes — at least as a trial. And there are some reasons for this trend: With the acceleration of data transfers, globalization and the amount of information, the security questions concerning personal data are becoming more acute for users..."
Read more : https://cointelegraph.com/news/blockchain-browsers-how-dlt-could-affect-web-surfing
Tweet this : https://twitter.com/TranscriptJunky/status/1147466419577036800
Facebook Libra Threat Could Spur Work on China’s National Digital Currency: PBoC Official
"...With Facebook’s Libra cryptocurrency potentially posing a threat to traditional money on various fronts, China’s central bank could hasten development of its own digital cash, according to a People’s Bank of China (PBoC) official..."
Tweet this : https://twitter.com/BitcoinsNGravy/status/1148451439183667201
Fed Chair Says Libra ‘Cannot Go Forward’ Until Facebook Addresses Concerns
"...The head of the U.S. central bank believes Facebook should not be allowed to launch its Libra cryptocurrency until the company details how it will handle a number of regulatory concerns.
“I just think it cannot go forward without there being broad satisfaction with the way the company has addressed money laundering,” Jerome Powell, chairman of the Federal Reserve, said in a hearing before the House Financial Services Committee on Wednesday...."
Read more : https://www.coindesk.com/fed-chair-says-libra-cannot-go-forward-until-facebook-addresses-concerns
Tweet this : https://twitter.com/TranscriptJunky/status/1149298737824460800
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