maxine waters

Facebook Promises Up To $10,000 for Developers to Find Bugs in the Libra Project
August 28th, 2019

Ahead of the Libra launch, Facebook has kicked off a bug bounty program, allowing developers to find bugs within the Libra project and get paid for their findings. Facebook hopes this will ensure a much more secure Libra.

After Visiting Switzerland, US Regulators Remain Worried About Facebook’s Libra
August 26th, 2019

Following a visit to Switzerland to meet with the country’s financial regulators, United States lawmakers are still concerned over Facebook’s proposed cryptocurrency project, Libra.

JP Morgan’s Jamie Dimon Believes Libra Is Not a Short-Term Concern
July 18th, 2019

In recent news, Jamie Dimon from JP Morgan has said that he believes Facebook’s Libra isn’t a short-term concern of an impact on the traditional banks.

Maxine Waters Now Calls for Zuckerberg to Testify About Libra
July 18th, 2019

Rep. Maxine Waters said she’s planning to call in Facebook CEO Mark Zuckerberg to testify about his company’s new digital currency project Libra. She added that her staff has not made the formal request with Facebook yet, but they plan to do so.

‘Keep Big Tech Out of Finance’ Says the Congress
July 14th, 2019

It seems that big companies as Facebook, Amazon and Google might be forbidden to launch their digital assets. If the Congress’s Bill pass – they could face with paying $1K penalties per day. Even though it’s not likely for bill to pass, it presents another obstacle for Facebook’s Libra.

Bitcoin Price More Volatile Than Ever: From $13,100 to $11,455 in Less Than 24 Hours
July 11th, 2019

From around 14:00 UTC on July 10, Bitcoin fell $962 from its previous price in a little over an hour, landing just above the $12,000 psychological support before another wave of sellers dragged it to a peak low of $11,445.

Tens of US Watchdogs Ask Congress to Halt Facebook’s Libra Development Until the Hearing
July 3rd, 2019

In another attack on the Libra developments, 33 lawmakers have requested Congress to ask Facebook to stop further development on Libra before they answer all their concerns and questions.

Major Credit Rating Agency Fitch Drums Up Support for Facebook’s Fiat-Backed Libra
June 25th, 2019

Facebook’s Libra cryptocurrency gets backing from a high-ranking entity, Fitch, with the credit rating agency stating that Libra is more secure compared to the other existing virtual currencies.

US Congress Calls For Second Hearing on Facebook’s Libra in July
June 25th, 2019

The chairwoman of the House Financial Services Committee Maxine Waters announced that the panel will hold the second hearing next month on Facebook’s plan to develop a cryptocurrency-based payments platform Libra.