Financial illiteracy could be problem for Facebook Libra use

Financial illiteracy could be problem for Facebook Libra use

David Marcus, Head of Calibra at Facebook, testifies about Facebook’s proposed digital currency called Libra, during a Senate Banking, House and Urban Affairs Committee hearing on Capitol Hill in Washington, DC, July 16, 2019.Saul Loeb | AFP | Getty...
Indian Government Breaks Silence on Crypto Regulation

Indian Government Breaks Silence on Crypto Regulation

The Indian government has finally spoken up about the regulatory framework for cryptocurrency it has been deliberating, providing answers to questions presented in the upper house of the Parliament of India. The government also confirmed that the report with the...
How Facebook’s cryptocurrency is different

How Facebook’s cryptocurrency is different

A visual representation of a cryptocurrency coin on display in front of the logos for Facebook and Libra.Chesnot | Getty ImagesFacebook has made headlines of late with its plans to create a cryptocurrency.The social media company has been forced to defend the project...
While Washington Talks Antitrust, Europe Takes Action

While Washington Talks Antitrust, Europe Takes Action

It’s been a strange, conflicted week for antitrust in Washington, DC. In one set of congressional hearings, tech leaders, facing possible far-reaching regulation, fended off accusations that they are strangling competition. In another, Facebook’s David Marcus...
Market Outlook: Crypto Bulls Rally After Bearish Downturn

Market Outlook: Crypto Bulls Rally After Bearish Downturn

Since July 13, digital currency prices have dropped in value significantly, but most coins have since experienced some recovery. While many crypto supporters are optimistic on where the markets are headed, traders and analysts have noticed a bullish-to-bearish trend....
Amazon better choice to create Libra than Facebook

Amazon better choice to create Libra than Facebook

The author of books about the early days of Facebook and Bitcoin said Thursday that the wrong tech giant is leading the charge to create Libra, a new cryptocurrency. “This is all about trust. You can’t have a bank, you can’t be a new currency without...
Digitize the dollar faster and end frenzy for fake money

Digitize the dollar faster and end frenzy for fake money

Omar Marques | LightRocket | Getty ImagesTo the Treasury Department and the Federal Reserve: Please formally digitize the dollar and put an end to all this crypto-craziness.This bitcoin BS and Libra lunacy should stop.We have a token that already is a medium of...
Your first trade for Thursday, July 18

Your first trade for Thursday, July 18

The “Fast Money ” traders shared their first moves for the market open.Mark Tepper was a buyer of Abbott Labs.Brian Kelly was a buyer of the 20+ Year Treasury Bond ETF.Karen Finerman was a buyer of S&P 500 ETF puts.Steve Grasso was a buyer of the Gold...
Everyone Wants Facebook’s Libra to Be Regulated. But How?

Everyone Wants Facebook’s Libra to Be Regulated. But How?

Everyone from President Trump to Representative Maxine Waters (D-California) says Libra, Facebook’s planned cryptocurrency, should be heavily regulated. But nobody seems to know how—including Facebook.Gregory Barber covers cryptocurrency, blockchain, and...
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