LONDON - The cryptocurrency market took a beating on Tuesday with bitcoin losing over 10% in value after U.S. lawmakers grilled Facebook on its cryptocurrency plans, as political and regulatory scrutiny of digital coins intensifies.
David Marcus, the company’s top executive overseeing the planned Libra project, answered questions from the Senate Banking Committee. During the hearing, a U.S. senator said Facebook was “delusional” to believe people will trust it with their money. “Libra is essentially slammed in the Senate,” said Lennon Sweeting, head trader at Coinsquare Capital Markets Ltd. “It’s just headline-driven volatility.”
Break Facebook up!!!!
Crypto revolution is near !
Just another roller-coaster day in crypto world bitcoin ethereum ripple cryptocurrency cryptotrading
keeps print money with out gold cover will come economic Collapse sooner or later
😂😂😂😂😂
Uh oh
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Senators grill Facebook on its plans for Libra cryptocurrency'Facebook has demonstrated through scandal after scandal that it doesn't deserve our trust,' Sen. Sherrod Brown said in his opening remarks. Side Note: I was looking at all types of news for the last 2 weeks and MSNBC doing the same thing they did in 2016 they have all these political analyst on downing Bernie Sanders like he ain't s*** like he's not running for president DeleteFacebook
Source: MSNBC - 🏆 469. / 51 Read more »
Senators grill Facebook on its plans for Libra cryptocurrencyFacebook Inc is 'delusional' to believe people will trust it with thei... Why all of the world ban cryptocurrency?dont they know the danger?or they are also invilve in it Politicians of ALL stripes HATE Facebook/Libra. Therefore it MUST be a GOOD idea. Child Killer Emperyalism and Siyonism...
Source: Reuters - 🏆 2. / 97 Read more »
Senate to grill Facebook over plans for Libra cryptocurrencyU.S. lawmakers from both sides of the aisle are set to grill Facebook Inc on its... libra is not a cryptocurency!!! So they want the crypto to be controlled like money. Thankfully the crypto market is big and these crooks won’t be able to control it. cryptocurrency Are we talking about the same Senate that doesn’t even know how to use Facebook
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Senator compares Facebook to a toddler playing with matches in scathing remarks over cryptocurrency plan'Facebook has demonstrated through scandal after scandal that it doesn't deserve our trust... We'd be crazy to give them a chance to experiment with people's bank accounts,' Sherrod Brown said.
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Facebook should not be trusted with 'crazy' cryptocurrency plan: senatorsDemocratic and Republican lawmakers said on Tuesday that Facebook Inc's tra... DeleteFacebook This is so funny! The US Senate can't even handle our own currency and I am sure they have no idea what a 'crypto-currency' is. OMG! Sure we've wrecked privacy, personal communication and the very social fabric but totally trust us with currency, guys. DeleteFacebook
Source: Reuters - 🏆 2. / 97 Read more »
Bitcoin And Crypto Suddenly Branded A 'National Security Issue'Bitcoin and cryptocurrencies have been thrown into the limelight by social media giant Facebook's plans to launch its own private cryptocurrency next year, with much of the attention negative... 👍 I can guarantee that I'm not buying anything Facebook is selling. I've got no issue with cryptocurrencies but there's something about Facebook and Zuck that I just refuse to trust. Ahhhhhh......
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