Watch: Facebook’s Crypto Chief Suffers Brutal Senate Backlash

Facebook crypto chief David Marcus

The US Senate Committee on Banking, Housing, and Urban Affairs held a hearing on Facebook’s Libra project this morning, with Facebook crypto chief David Marcus in the hot seat. After a lengthy introduction by Idaho Senator Mike Crapo in which he called Facebook’s aims “commendable,” the committee discussed the potential ramifications of Facebook banking services. … Read more

Facebook Crypto Libra’s Leader Responds to Concerns and Misunderstandings

David Marcus, Libra, Facebook

In a responsive blog post on Wednesday, David Marcus, head of Facebook’s financial blockchain project ‘Libra’, covered a range of subjects including responding to sweeping concerns surrounding the crypto project. Congress Demands Facebook Halt Work on the Libra Cryptocurrency — CCN – Capital & Celeb News (@CapitalAndCeleb) July 3, 2019 He wrote: As expected … Read more

Facebook Aggressively Hiring Blockchain Devs, Discussed Launching Cryptocurrency: Report

facebook cryptocurrency blockchain

Facebook has embarked on an aggressive hiring spree to woo crypto experts to expand its blockchain group amid speculation that the social media monopoly is considering launching its own cryptocurrency. Facebook formed its blockchain unit in April 2018 with David Marcus, the former president of PayPal and VP at Messenger. Marcus is a longtime cryptocurrency advocate and … Read more