‘Libra Is so Screwed’ — Should Have Used Bitcoin, Says Samson Mow

‘Libra Is so Screwed’ — Should Have Used Bitcoin, Says Samson Mow

Blockstream CSO, Samson Mow, says that Facebook should have just used Bitcoin instead of developing Libra because regulators won’t let it happen. Chief strategy officer at blockchain development firm Blockstream, Samson Mow, declared that he believes that Facebook should have used Bitcoin (BTC) instead of developing its own stablecoin in a series of tweets published on July 16.‘Libra Can’t Be Everything for Everyone’In his tweets, Mow noted that — after watching the entirety of…

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Billionaire Mark Cuban Says Facebook’s Libra a Big Mistake

Billionaire Mark Cuban Says Facebook’s Libra a Big Mistake

Dallas Mavericks basketball team owner and billionaire entrepreneur Mark Cuban defined Facebook’s Libra stablecoin a big mistake. Dallas Mavericks basketball team owner and billionaire entrepreneur Mark Cuban defined Facebook’s Libra stablecoin a big mistake in an interview with CNBC published on July 12.During his interview, Cuban commented on the social media giant’s cryptocurrency endeavors. He said:“I’m not a big fan of what they’re doing there. […] I think it’s a big mistake.”Cuban reportedly explained…

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Facebook Onboards Two Former Coinbase Compliance Experts

Facebook Onboards Two Former Coinbase Compliance Experts

Social networking giant Facebook has on-boarded two compliance officers who previously worked at U.S. major cryptocurrency exchange Coinbase. Social networking giant Facebook has on-boarded two new compliance experts, who previously worked at United States major cryptocurrency exchange Coinbase.Mikheil Moucharrafie joined Facebook as compliance officer after almost four years of working at Coinbase. At the exchange, Moucharrafie held positions such as support analyst and quality assurance tester, anti-money laundering (AML)/bank secrecy investigator, compliance manager, and…

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