Major backers of Facebook’s Libra may be getting cold feet

2019-10-01

Cracks are forming in the coalition Facebook Inc. assembled to build a global cryptocurrency-based payments network. Visa Inc. V, +1.33%  , Mastercard Inc. MA, -0.23%   and other key financial partners that signed on to help build and maintain the Libra payments network are reconsidering their involvement following backlash fromRead More →

Tech’s day of reckoning on Capitol Hill was long and harsh

2019-07-16

Tech’s day of reckoning Tuesday on Capitol Hill started with skepticism about Facebook Inc.’s proposed digital currency, and ended with a spirited debate over charges of anti-conservative bias on Alphabet Inc.’s Google search. In between, the industry’s Big Four took some plenty of body blows from both political parties. Nonetheless,Read More →

Bitcoin cracks $8,000, now up 120% year-to-date

2019-05-14

Bitcoin prices continued to march higher on Tuesday, trading through $8,000 for the first time in more than nine months. The price of a single bitcoin BTCUSD, +4.22%  hit an intraday day high around $8,300 and in most recent trade the cryptocurrency was trading at $8,058.90, up 2.5%. The best-knownRead More →