The authorities have begun to raise alarms about a steady uptick in the number of militant groups using the hard-to-trace digital currency. Source: NYT > Business – Nathaniel Popper
Senators Grill Facebook Executive on Company’s Cryptocurrency Plans
Members of the Senate Banking Committee on Tuesday raised broad concerns about its Libra effort, which the company introduced last month. Source: NYT > Business – Mike Isaac and Nathaniel Popper
Facebook’s Digital Money Could Mean Fabulous Wealth. Or Not.
The social network is planning a new cryptocurrency, potentially inserting the company into yet another part of our lives. Our reporter wonders: What’s in it for me? Source: NYT > Business – John Schwartz
Facebook Plans Global Financial System Based on Cryptocurrency
Despite skepticism and concern about Facebook’s reach, the company envisions an alternative financial system based on a new cryptocurrency called Libra. Source: NYT > Business – Mike Isaac and Nathaniel Popper
After the Bust, Are Bitcoins More Like Tulip Mania or the Internet?
To understand where cryptocurrencies are going, it helps to look beneath the price gyrations to see how people are actually using the technology. The data provides reason for both hope and concern. Source: NYT > Business – NATHANIEL POPPER
China, a Major Bitcoin Source, Considers Moving Against It
China, whose initial enthusiasm about cryptocurrencies has waned, may order its local governments not to support the industry. Source: NYT > Business – CAO LI