5h ago
Matthew Goetz, CEO of BlockTower Capital, joins BNN Bloomberg to discuss Facebook's crypto ambitions after the social media company's Libra cryptocurrency came under fire from U.S. lawmakers at a Senate hearing Tuesday.
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Everything you need to know about cryptocurrencies
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BITCOIN TRADES
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6h ago
Bitcoin drops below US$10,000 again as Congress scrutinizes Libra
Bitcoin slid below $10,000 just three weeks after surging above it for the first time in more than a year as U.S. legislators expressed deep skepticism about the viability of cryptocurrencies.
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8h ago
1:26Facebook's Marcus Says He Would Accept His Full Pay in Libra
Jul.16 -- David Marcus, head of Calibra at Facebook, states that he trusts Libra enough to accept his full compensation in the proposed cryptocurrency. He speaks in response to a question from Senator Sherrod Brown, ranking member of the Senate Banking Committee, a Democrat from Ohio.
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10h ago
Jul.16 -- Senator Sherrod Brown, a Democrat from Ohio and ranking member of the Senate Banking Committee, delivers his opening remarks at a hearing about Facebook Inc.'s proposed cryptocurrency, Libra.
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9h ago
5:07Facebook called 'delusional' over Libra plan as Senators dig in
Republican and Democratic Senators sharply questioned Facebook Inc.’s plan to create its own digital money, adding to a chorus of complaints from across Washington and underscoring the challenges the company faces in getting its cryptocurrency off the ground.
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13h ago
5:24Mnuchin warns on Facebook's Libra
U.S. Treasury Secretary Steven Mnuchin says he has serious concerns about Facebook's proposed Libra cryptocurrency. He says if companies want to create their own currencies, they must ensure they follow the rules to prevent illicit transactions. Paul Sweeney of Bloomberg News reports.
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15h ago
Jeff Weniger, director of asset allocation at WisdomTree Asset Management, joins Paul Bagnell to break down the top stories we're tracking today.
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Jul 15
13:00Can the White House kill Facebook's cryptocurrency?
Rideau Potomac Strategy Group's Eric Miller talks about his take on the latest comments from U.S. Treasury Secretary Steve Mnunchin on cryptocurrencies and Facebook's Libra in particular. He also talks about how the Fed's rate path could drive demand for digital currencies.
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Jul 15
5:24Facebook’s crypto woes deepen as Mnuchin joins parade of critics
Facebook Inc. faced its latest Washington crisis Monday, with Treasury Secretary Steven Mnuchin joining a parade of policy makers and politicians who’ve bashed its proposed cryptocurrency, demonstrating the hurdles the company must overcome to ever make the token a reality.
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Jul 15
2:06Trump, Democrats Unite in Distrust of Facebook's Libra Proposal
Jul.15 -- President Donald Trump and Democratic lawmakers have found common ground in criticizing Facebook Inc.'s proposal to create the "Libra" cryptocurrency. Bloomberg's Benjamin Bain reports on "Bloomberg Markets: The Open."
