US House of Representatives to Hold Hearing on Facebook’s Libra in July

The United States House Financial Services Committee will be holding a hearing on the social media giant Facebook’s proposed virtual currency Libra on July 17, according to a press release on June 24.The announcement comes by way of committee chairwoman Rep. Maxine Waters, who previously had called on Facebook to cease work on Libra until Congress and regulators had a chance...

Second US Congressional Hearing Is Scheduled on Facebook’s Libra Crypto

The U.S. House Financial Services Committee will host a hearing on Facebook’s libra cryptocurrency next month, one day after the Senate Banking Committee holds its previously announced hearing. Maxine Waters, chair of the powerful House committee, announced the hearing Monday, The Hill reported, after calling on Facebook to suspend development of the project multiple times last week. The hearing is scheduled...

Ripple CEO Is Long Bitcoin, Says ‘No One Crypto to Rule Them All’

Even though Ripple controls a significant amount of the XRP supply, CEO Brad Garlinghouse is bullish on bitcoin and owns some. | Source: Christopher Michel/Flickr By CCN Markets: Forbes caught a comment by Ripple CEO Brad Garlinghouse at the 2019 Brainstorm Finance Conference, sponsored by Fortune magazine. While pointing out that he thinks a variety of coins will thrive in the...

Cult of Elon Musk: Groupies Help $40 Billion Tesla Hit Q2 Target

How crazy is the Tesla cult? Crazy enough to give free labor to Elon Musk to help Tesla hit its quarterly delivery target. | Source: Shutterstock (i), REUTERS / Mike Blake (ii). Image Edited by CCN. If there was any doubt regarding the ability of Elon Musk to mesmerize his groupies, just look at the Tesla Owners Silicon Valley group. These...