'Managed to get this shot about halfway through my hike the other day. I peaked the trail I was on to discover a deserted reservoir, not a person in sight. Ended up jumping the wall surrounding it to shoot some stuff, resulting in this image. Luke.x': Photo by Luke Ellis-Craven on Unsplash
Bitcoin falls sharply as Fed's Powell flags 'serious concerns' about Facebook's cryptocurrency

Bitcoin falls sharply as Fed's Powell flags 'serious concerns' about Facebook's cryptocurrency

On Thursday July 11, 2019, CNBC wrote:
Bitcoin is sliding after Federal Reserve Chairman Jerome Powell poured cold water on Facebook's plans to launch a cryptocurrency.

The social network is looking to launch the token alongside a consortium of companies including Uber and Visa. "Libra raises serious concerns regarding privacy consumer protection" Powell said at a congressional committee Wednesday. These are cryptocurrencies that are often pegged to currencies like the dollar.

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Visit CNBC for more details. Cnbc has recently written 10 articles on similar topics including facebook, cryptocurrency, social media:
  • "Sen. Sherrod Brown does not mince words at a Senate Banking Committee hearing on Facebook's plans for a new digital currency". (July 16, 2019)
  • "These are the stocks posting the largest moves before the bell". (July 15, 2019)
  • "Billionaire investor Peter Thiel spoke at the National Conservatism Conference, where he called Google's work in China "seemingly treasonous," Axios reported". (July 15, 2019)
  • "See which stocks are posting big moves after the bell on July 9". (July 10, 2019)
  • "Representatives from four major tech companies will appear before the House Antitrust Subcommittee on July 16". (July 10, 2019)
  • "Google Cloud is buying Elastifile, an online file storage company". (July 9, 2019)
  • "Facebook's upcoming cryptocurrency Libra has some experts concerned about security issues. A possible bigger problem: out-of-control spending by consumers influenced by peer pressure". (July 5, 2019)
  • "A leading retail group sent a letter to the Federal Trade Commission outlining its concerns over the dominance of major tech companies". (July 2, 2019)
  • "A bipartisan team of senators introduce the Dashboard Act to make social media companies disclose the value of user data". (June 24, 2019)
  • "If Facebook cut corners in something as basic as the branding of its nascent crypto efforts, this dispute could give ammunition to its many critics". (June 21, 2019)