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Facebook must overcome a severe lack of trust if it hopes to bring Libra, its new cryptocurrency, to the masses

Facebook is in Washington, D.C. this week as its cryptocurrency chief answers questions from a Senate committee about the Libra cryptocurrency.

Bitcoin tumbles after US lawmakers take aim at Libra — ‘Facebook has burned down the house over and over’

Bitcoin plunged 16% after Sherrod Brown joined Donald Trump, Steven Mnuchin, Jerome Powell, and others in attacking Facebook's planned cryptocurrency.

US Treasury Secretary Mnuchin warned that Facebook’s Libra could be a tool for terrorists, traffickers, and drug smugglers

Mnuchin has joined Donald Trump, Jerome Powell, and Maxine Waters in questioning the cryptocurrency. Bitcoin traders yawned.
Mark Cuban.

Mark Cuban thinks Facebook’s cryptocurrency Libra is ‘a big mistake’

The billionaire tech entrepreneur and Dallas Mavericks owner foresees Libra stirring up trouble in countries with unstable governments or currencies.

Trump’s rant against crypto was ‘baffling’ and ‘depressingly archaic,’ says financial advisory CEO

In a tweet, Trump said that "unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity."

‘You are wrong about this’: Trump angered a social network popular with the far-right with his attack on bitcoin

Gab tweeted: 'Bitcoin is free speech money.' It also accused Jared Kushner of being behind President Donald Trump's tweet.
Jerome Powell testifies before the House Financial Services Committee in Washington

Fed chair Powell just called bitcoin a ‘speculative store of value’ like gold — adding weight to the safe haven theory

"Really almost no one uses bitcoin for payments, they use it as an alternative to gold," Powell said.

Trump blasts Bitcoin and says cryptocurrencies, including Facebook’s Libra, should be ‘subject to all banking regulations’

"We have only one real currency in the USA, and it is stronger than ever," Trump said in a tweet.

Stocks are dropping as traders fear a shift in the Fed’s rate cutting stance

Traders will be listening intently to Jerome Powell's speech at the Boston Fed today for signs the central bank is changing its tune on policy.

A majority of Gen Zers say they’re not likely to buy cryptocurrency anytime soon

More than 52% of teens surveyed by Business Insider said they were not at all likely to purchase cryptocurrency in the next six months.