In the News
The 2018 midterm elections gave the United States a staggering 116th Congress, important in part for the number of women who assumed office and for the diversity among those women.
WASHINGTON – Facebook CEO Mark Zuckerberg told lawmakers that the company would pull out of the Libra Association in the event the consortium launched its proposed cryptocurrency without all needed regulatory approvals.
WASHINGTON — Six hours after lawmakers began grilling Facebook CEO Mark Zuckerberg on his cryptocurrency plans, House members from both sides of the aisle expressed dissatisfaction with the lengthy testimony.
Facebook's crypto-project initiative ‘Libra' has been confronting various hindrances before an actual take-off, talk of the town across the globe as some G7 finance ministers and the central bank governors showed some sort of scepticism on this project but reinstating the project is the most buzzing topic even within the U.S. region.
On Tuesday, Rep. Sylvia Garcia (D-Texas) proposed a draft bill that may include stablecoins into the scope of the Securities Act of 1933.
TBCASoft, IBM, and SoftBank announced a blockchain-based cross-carrier system (CCPS) for mobile payments. This payment system would enable its users for payments using their phones on local merchants. CCPS is designed for interoperability across different telecom carriers, which should allow the creation of a network of merchants accessible to users of the CCPS system.
WASHINGTON (Reuters) - Facebook Inc CEO Mark Zuckerberg conceded on Wednesday that the company's planned digital currency Libra was a "risky project," but sought to reassure skeptical U.S. lawmakers that it could lower the cost of electronic payments and open up the global financial system to more people.
WASHINGTON (CNN) — A slew of policy changes this week at Facebook shows how the social media giant can act decisively on pressing public policy matters — when it chooses to.
Facebook CEO Mark Zuckerberg faces a tough test Wednesday as he testifies publicly before a House panel on Libra, his company's controversial effort to launch a global cryptocurrency.