RATE Group | Bitcoin’s Roller-Coaster Week; Zuckerberg Grilled On Libra
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Bitcoin’s Roller-Coaster Week; Zuckerberg Grilled On Libra

27 Oct Bitcoin’s Roller-Coaster Week; Zuckerberg Grilled On Libra

Posted at 08:31h in Bitcoin News by

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LIBRA ON THE HILL

On Wednesday morning, Facebook CEO Mark Zuckerberg testified in front of the United States House of Representatives Committee on Financial Services about Facebook’s role in developing libra, a cryptocurrency backed by a basket of stable international assets and designed to be spendable anywhere in the world.

Facebook’s Libra Association, a coalition of companies that will oversee the project, is struggling as it faces growing skepticism and regulatory uncertainly surrounding the new cryptocurrency. It has lost seven of its largest partners in less than a month: PayPal, Visa, Mastercard, Stripe, Mercado Pago, Booking Holdings and eBay. 21 members of the group still remain, including Uber,…

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