david marcus Archives

Bitcoin News

Bitcoin News

Bitcoin is Digital Gold, Not a Currency Says Libra Head David Marcus

Lujan Odera November 7, 2019

Libra Head David Marcus sees Bitcoin as digital gold rather than a currency. CNET founder bashed Facebook’s launch of Libra claiming the tech firm is financially “tone deaf”. The general idea around Bitcoin investment lies in some believing that the coin is a store of value while others say that it is a currency. David

Lujan Odera November 7, 2019

Stablecoin News

Stablecoin News

Facebook’s Crypto Project Head Proposes a New Stablecoins Design for Libra

Nivesh Rustgi October 21, 2019

At a banking seminar, David Marcus, yesterday proposed a plan to issue a series of stablecoins instead of a combined one. Marcus is optimistic of a launch by June 2020. Facebook’s announcement of Libra has unsettled financial regulators all over the world. The userbase of Facebook poses a threat to the power of central banks

Nivesh Rustgi October 21, 2019

Altcoin News

Altcoin News

Libra Reveals First Roadmap; Member Companies Set to Meet in Switzerland in October

Supriya Saxena October 3, 2019

Since Libra’s official announcement in June, the community of developers has been working earnestly and have released several blockchain explorers. These include libranaut, libraview, librabrowser, and libexplorer. In a recent update, Libra has published its roadmap. The roadmap consists of four milestones before the mainnet launch. Libra Team Improvising on Libra Core The launch of

Supriya Saxena October 3, 2019

Altcoin News

Regulator’s Eye on Libra Shouldn’t Apply to Bitcoin and Other Crypto - Crypto Champions

Altcoin News

Visa and MasterCard Might Back Out of Libra, But Marcus Calls Press Report BS

Nivesh Rustgi October 2, 2019

The series of bad news for Libra continues, now, apparently, backers of the project are second-guessing their involvement. Libra Head, David Marcus, formally with PayPal replied to the WSJ’s report saying, “tone of some of this reporting suggests angst.” According to the report, Visa and Mastercard have declined to publicly support the project. Moreover, including

Nivesh Rustgi October 2, 2019

Altcoin News

Libra Claims it is Not an “Investment”; 2020 Launch Fixed Despite Regulatory Hurdles

Dare Shonubi September 21, 2019

The controversial Facebook cryptocurrency project, Libra, posted on Twitter today that it has been designed to deliver utility to users in their everyday lives and it is not an investment. The project is still expected to launch next year as scheduled as per Libra’s boss, David Marcus. However, Marcus also stressed that the project’s development

Dare Shonubi September 21, 2019

Regulation News

“Cryptocurrencies Have A Big Future”, White House Chief Strategist Expresses Optimism

Dare Shonubi August 2, 2019

Cryptocurrencies have a big future. Steve Bannon’s interview couldn’t be more assuring and mind-blowing as he concluded his short session of the online video interview on CNBC earlier today. Cryptocurrencies have recently found favor where it really matters and they have done a good job in getting people talking endlessly about future possibilities and financial

Dare Shonubi August 2, 2019

Altcoin News

Libra Usurps ETH & XRP, How Does It Compare With Bitcoin?

Dare Shonubi July 21, 2019

The result of a recently conducted survey by U.S. brokerage eToro showed that Facebook Libra is becoming more popular among American adults who have heard about cryptocurrencies. In fact, the population of American adults who know about Facebook Libra ranks above those of Ethereum, Litecoin and Ripple’s XRP at 16%. Bitcoin Still Dominates Although Bitcoin

Dare Shonubi July 21, 2019

Blockchain News

Libra Senate Hearing Day 2: Congress Concludes Libra Is Not A Cryptocurrency

Dare Shonubi July 18, 2019

Today’s Libra Senate hearing actually began on a bullish note for bitcoin. According to congressman Patrick McHenry, “The world that Satoshi Nakamoto…envisioned, and others are building, is an unstoppable force. We should not attempt to deter this innovation, and governments cannot stop this innovation, and those that have tried already failed.” The second day of

Dare Shonubi July 18, 2019

Regulation News

Libra Hearing: “We Need to Bring Mark Zuckerberg here”, demands Senator Sherman

Nivesh Rustgi July 17, 2019

The second phase of the Senate Hearing for Libra with David Marcus began with his testimony. The first phase with the Housing, Banking, and Urban Affairs Committee focused on the privacy and security issues of the proposed cryptocurrency by Libra. Today, the Committee on Financial Services headed the hearing titled, ‘Examining Facebook’s Proposed Cryptocurrency and

Nivesh Rustgi July 17, 2019

Editors' Picks

Editors' Picks

Is Facebook’s Past Haunting Libra’s Future? Know Here!

Tabassum July 17, 2019

Is there anyone who forgot Facebook’s Cambridge Analytica scandal case on data privacy? If you haven’t then the Senate committee is researching this case still.! As we all know, Facebook has been beset by scandals for years – sometimes on election interference, then other times concerns over privacy. Despite everything, Facebook decided to launch its

Tabassum July 17, 2019

Blockchain News

Libra: “I Don’t Trust Facebook”, Lawmakers Express Distrust

Dare Shonubi July 17, 2019

Facebook experienced a very gruesome and disappointing Senate session with lawmakers today after a 2-hour grilling between David Marcus, Libra’s CEO and a group of Senators about Facebook’s proposed cryptocurrency project. The Dirty Past Of Facebook Came Back Around Lawmakers made a grand entry into the “sea of questions” already awaiting Libra’s implementation and expressed

Dare Shonubi July 17, 2019

Bitcoin News

Bitcoin [BTC] Price Drops Below 10k as Libra Senate Meeting Concludes – Here’s What Happened

Nivesh Rustgi July 17, 2019

Various members of the United States Committee on Banking, Housing, and Urban Affairs questioned David Marcus regarding Facebook’s plans with Libra. Mr. Michael Dean Crapo, the Chairman of the committee headed the meeting. The meeting which was broadcasted live here addressed the concerns of the senators one by one; all senators were given five minutes

Nivesh Rustgi July 17, 2019

Bitcoin News

Bitcoin News

Bitcoin [BTC] Greed and Fear Index Shifts Vastly Over Regulatory Concerns: Expert Opinion

Mati Greenspan July 16, 2019

The following article is the rework of the thoughts put forward by Mati Greenspan, the Senior Market Analyst at eToro. The US Treasury Secretary, Steven Mnuchin, yesterday made an emergency press address on rising concerns around cryptocurrency. In his speech, he noted that cryptocurrencies are being exploited to facilitate “billions of Dollars in illicit activity.” He

Mati Greenspan July 16, 2019

Regulation News

Libra Testimony – Facebook Expects Switzerland Regulators To Regulate Libra Association

Regulation News

Libra Testimony – Facebook Expects Switzerland Govt To Regulate Libra Association

Tabassum July 16, 2019

Ahead of Test hearing before US senate committee on July 16, Calibra’s CEO David Marcus released his prepared testimony which quickly revealed few crucial aspects concerning Libra. Libra v/s US Regulators Mr.Marcus who is currently heading Facebook’s Calibra wallet has released 7 pages long testimony document, entitling “Hearing before the United State Committee on Banking, Housing,

Tabassum July 16, 2019

Uncategorized

Libra Head Publishes Testimony for the US Senate Hearing Tomorrow

Nivesh Rustgi July 16, 2019

The Senate Banking Chair in the US had scheduled a meeting with the executive of Facebook to question about Libra for 16th July 2019. Reportedly, Marcus David, the Head of the Libra Association, will be representing the Tech Giant’s plans. David has shared the written testimony on the government website where he diligently explains the development and

Nivesh Rustgi July 16, 2019

Altcoin News

Facebook Digital Currency Boss –“Libra is Not as Open As Bitcoin” Then What it is.

Altcoin News

“Libra is Not as Open As Bitcoin” Claims Facebook’s David Marcus; What is it then?

Tabassum July 4, 2019

Well, a lot of confusion revolves around Libra and Bitcoin has recently been addressed by Facebook Digital Currency Boss, David Marcus. He wrote an official note and emphasized that “Libra is Not as Open as, Say Bitcoin”. Then What It Is? Facebook is yet to launch Libra coin – but, yes it is two weeks

Tabassum July 4, 2019

Regulation News

Facebook Officially Responds to US Congressional Committee’s Letter to Halt Libra Development

Tabassum July 4, 2019

Libra Coin has been emerged as one of the hottest topics in the crypto industry – not just with positive remarks but definitely, the launch announcement faced a lot of criticisms. Besides every new criticizing remark, Facebook isn’t stepping back from what it committed to bringing to the 1.7 billion unbanked users. Calibra CEO Responds

Tabassum July 4, 2019

Bitcoin News

Facebook’s Blockchain Head, David Marcus, Speaks Up on Libra Vs. Bitcoin [BTC]

Nivesh Rustgi June 20, 2019

Facebook released the Whitepaper of its cryptocurrency, Libra on 18th June 2019. The cryptocurrency community and Bitcoin maximalists welcomed the news as a positive impetus for awareness about Bitcoin. Nevertheless, one might still argue that, if Libra is globally used as a medium of exchange, what the use of Bitcoin [BTC] is? An analogy with

Nivesh Rustgi June 20, 2019