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Mark Cuban Warns Facebook’s Libra Could Do More Harm Than Good

Dallas Mavericks owner and top shark, Mark Cuban doesn’t think Facebook’s new cryptocurrency is such a good idea. Cuban dropped the warning about Libra when he was interviewed by CNBC’s Deirdre Bosa. “I’m not a big fan of what they’re doing there,” Cuban. “I think it’s a big mistake.” The billionaire businessman thinks Libra could wind up doing damage on a global scale. “I think globally and in countries where there isn’t a lot of rule of law, or a lot of government stability, or currency stability, then it could be dangerous.” Cuban warns that without proper regulation, Facebook’s crypto asset could become a source of strife around the world. Specifically, Cuban wonders how countries will react to losing local control to a social media entity such as Facebook. “There’s going to be some despot in some African country that gets really upset that they can’t control their currency anymore and that’s where the real problems start occurring.” Mark Cuban has not been the only person warning against Facebook’s cryptocurrency project. President Donald Trump just referred to cryptocurrency as “not money” and also warned about the power that Facebook could wield with their own currency. President Trump tweeted that Facebook’s Libra will have “little standing or dependability” and without regulation could be severely dangerous to the world’s economy. It’s rare when both the left wing and right wing of American politics agree. But Democrats, as well as Republicans, have spoken out against Facebook and their digital asset endeavors. The House Financial Services Committee, led by Democrat Maxine Waters, wrote a letter to Mark Zuckerberg that demands an “immediate moratorium on the implementation of Facebook’s proposed cryptocurrency and digital wallet.” In the letter, The House Financial Services Committee argues that more time is needed to research the possible risks involved and the possible dangers that could come with the creation and use of Libra. The chairman of the Federal Reserve, Jerome Powell also expressed that Libra will cause “serious concern” for regulators when he spoke in front of Congress this week. The post Mark Cuban Warns Facebook’s Libra Could Do More Harm Than Good appeared first on ZyCrypto.

Mark Cuban: Libra Is Dangerous & Will Empower Evil African Despots

Tech entrepreneur and Dallas Mavericks owner Mark Cuban joined the growing list of skeptics warning about the apocalyptic dangers of Facebook's cryptocurrency project, Libra. In an interview with CNBC, Cuban made his position on the Libra clear: “I’m not a big fan of what they’re doing there. I think it’s a big mistake [...] but […] The post Mark Cuban: Libra Is Dangerous & Will Empower Evil African Despots appeared first on CCN Markets

Dallas Mavericks NBA Team Governor Mark Cuban: Facebook’s Libra Coin May Be Dangerous

Cryptocurrency enthusiast and Billionaire tech entrepreneur Mark Cuban has launched a daunting attack on the new cryptocurrency project by Facebook called Libra, stating that he is not a fan of the new coin, basically because it could be very dangerous to both the traditional financial sector and the cryptocurrency community at large. Libra is a […]
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Donald Trump & Mark Cuban Weigh in on Libra

Donald Trump and entrepreneur Mark Cuban don’t appear to be big fans of cryptocurrency, Libra specifically. Trump and Cuban Say “No” to Libra Libra is the new cryptocurrency being released by social media platform Facebook. The asset is not due to make its official debut until 2020, but already it appears to be stirring loads of controversy, with members of Congress requesting that Facebook postpone its plans indefinitely so that they can better understand its properties, goals and ideals. This may take some time, which is why David Marcus – head of blockchain at Facebook and the primary designer of Libra – is trying desperately to assure Congress that the coin is being developed in an ethical and proper way. Unfortunately, his words seem to be falling on deaf ears, and nobody is convinced that Libra is worthy of high standing. Among those who see Libra as a problem is entrepreneur Mark Cuban of “Shark Tank” fame. In a recent interview with CNBC, Cuban commented: I’m not a big fan of what they’re doing there. I think it’s a big mistake… Globally and in countries where there isn’t a lot of rule of law, or a lot of government stability or currency stability, then it could be dangerous. There’s going to be some despot in some African country that gets really upset that they can’t control their currency anymore and that’s where the real problems start occurring. The biggest tirade came from U.S. President Donald Trump, who took to Twitter to bash not only Libra, but bitcoin and cryptocurrency in general. In a statement to his followers, Trump states: I am not a fan of bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated crypto assets can facilitate unlawful behavior, including drug trade and other illegal activity… Similarly, Facebook’s Libra ‘virtual currency’ will have little standing or dependability. If Facebook and other companies want to become a bank, they must seek a new banking charter and become subject to banking regulations, just like other banks, both national and international… We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the world, and it will always stay that way. It is called the United States dollar! Volatility Seems to Be Dying Down It’s true that cryptocurrencies can fall victim to price swings and volatility. Bitcoin, for example, struck a new low in late 2018 when it fell to the mid-$3,000 range after trading at nearly $20,000 in December of 2017. At press time, however, bitcoin has been on a steady rise for approximately three months. Reaching $5,000 in April 2019, the currency has been spiking ever since and is currently trading for $11,600. The post Donald Trump & Mark Cuban Weigh in on Libra appeared first on Live Bitcoin News.
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Trump Slams Bitcoin and Libra | Jay Powell and Mark Cuban Weigh In

#bitcoin #crypto #cryptocurrencies Checkout KuCoin: What are your thoughts on what we discussed? What do you think about Trump, Powell, or Cuban's point of view? Feel free to leave a comment below! Thank you all so much for watching the video. If you enjoyed the video, please consider dropping a like, subscribing, and ringing the bell icon. Email List: Steem User ID: @nicholasmerten!/c/nicholasmerten ---------------------------------------------------------------------------------------------------------- Want to support the channel? Here are some ways how: ---------------------------------------------------------------------------------------------------------- 👨‍💻 Want to start trading a wide range of crypto? My top choice is Binance. 🙋‍♂️ Want to buy crypto? Get $10 of bitcoin w/ your first purchase over $100 💹 Interested in signing up for our newsletter? 💰 Want to start spending crypto? Use the code RT3BSJ at and earn rewards! 📈 Want to chart like a pro? Use code DataDash for $10 off 🏨 Want to save up to 40% on your hotel booking? Try Travala: 📈 Want to buy stocks commission-free? Try Robinhood: 🤝 Want to trade OTC? Caleb & Brown is my personal favorite to get started. ⚖️ Looking to buy physical gold or silver? I like Gold Silver LLC: 👨‍💻 Want to browse privately and earn money? Check out the Brave Browser: 📝 Looking to file your crypto taxes? Check out TaxBit: 📅 Want to spot important dates? Check out CoinMarketCal: 👥 Check out all of our partners: Donate NANO: xrb_3y7qi1z5kcpgi9cnk4bctus155qntiy1cszfmeh9zg7eqqqjb9imebsqf33t BTC: 14DHXJa9CgeBPf6m7UeMKE9yzAYFKPW2nV ETH: 0xa34d3461ae04953489e9aa464689c022836751d0 Patreon: ---------------------------------------------------------------------------------------------------------- Join our community channels! ---------------------------------------------------------------------------------------------------------- Telegram Alerts | Telegram Discussion | Discord: ---------------------------------------------------------------------------------------------------------- For advertising, consulting, speaking, or other business inquiries ---------------------------------------------------------------------------------------------------------- WARNING: *I WILL NEVER PURSUE PROJECTS THROUGH TELEGRAM OR OTHER SOCIAL MEDIA OUTLETS. CONTACT MY EMAIL LISTED BELOW FIRST AND THEN VERIFY MY IDENTITY THROUGH A VIDEO CALL BEFORE MOVING FORWARD. THERE ARE MANY SCAMMERS IN CRYPTO. EMAIL SPOOFING IS RAMPANT, SO VERIFY MY IDENTITY THROUGH VIDEO* Feel free to reach us at Disclaimer: Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.

Mark Cuban Pours a Cool $1M into AI Startup Protecting Syrian Civilians

Billionaire Mark Cuban is often the guy on “Shark Tank” who graciously declines to make an investment into one of the hopeful entrepreneurs pitching to him and a panel of investors. He’s also backed some smash hits whose revenues have soared. While his latest investment may not be on “Shark Tank,” Cuban has found a cause worthy of his name – artificial intelligence (AI) startup Hala Systems that helps to save lives in war-torn regions including Aleppo. Cuban announced on Twitter that he’s pouring $1 million into the company, saying: “Hala uses AI for social good to do truly extraordinary The post Mark Cuban Pours a Cool $1M into AI Startup Protecting Syrian Civilians appeared first on CCN Markets

Bitcoin Skeptic Mark Cuban Torches ‘Useless’ SEC in Withering Takedown

By CCN: Billionaire bitcoin skeptic Mark Cuban torched the Securities and Exchange Commission as “useless” bureaucrats who bring “ridiculous” lawsuits against investors to justify their worthless existence. “I’m obviously not a fan of the SEC,” Cuban told CCN. “I think they prefer regulation through litigation and that creates problems for everyday investors.” Cuban — whose net worth tops $4.1 billion — is a tech entrepreneur who owns the Dallas Mavericks NBA team. Cuban: SEC Puts Investors on Double-Secret Probation Cuban’s anti-SEC comments to CCN mirror the blistering remarks he made to Yahoo Finance last week (video below). Cuban says the The post Bitcoin Skeptic Mark Cuban Torches ‘Useless’ SEC in Withering Takedown appeared first on CCN

Shark Tank’s Mark Cuban, Kevin O’Leary Slam ‘No Growth, Zero Value’ Uber

By CCN: If the founders of Uber were to appear before the panel of Shark Tank reality TV show, they would certainly not get a dime from billionaire Mark Cuban or multimillionaire Kevin O’leary. In separate interviews, the two reality TV stars indicated that investing in Uber’s stock now that it has gone public was not something they would consider doing. Canadian businessman Kevin ‘Mr. Wonderful’ O’Leary, was most brutal in assessing the ride-hailing giant. Speaking on CNBC, Mr. Wonderful stated that Uber is not worth investing in since it ‘doesn’t have any cash flow’: This company is value-less. The post Shark Tank’s Mark Cuban, Kevin O’Leary Slam ‘No Growth, Zero Value’ Uber appeared first on CCN

Billionaire Bitcoin Investor Mark Cuban Teases 2020 Trump Challenge

By CCN: Donald Trump might not be the only billionaire in the 2020 presidential race. Americans could have an alternative to both Trump and whoever wins the wide Democratic field in the form of billionaire Mark Cuban – owner of the Dallas Mavericks, prolific entrepreneur, and cautious Bitcoin optimist. Mark Cuban Waiting for a ‘Perfect Storm’ to Spark Presidential Aspirations Cuban told CNBC “we’ll see” when asked if he would run for president as an independent in 2020. He said it would take a “perfect storm.” Donald Trump has one of the lowest approval ratings of any president, and the The post Billionaire Bitcoin Investor Mark Cuban Teases 2020 Trump Challenge appeared first on CCN
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UK Finance Chief Ready to Engage with ‘Potentially Transformative’ Libra

The UK is studying the properties of Libra in-depth to prevent the digital currency from damaging the economy. This is what Philip Hammond, Chancellor of the Exchequer of the United Kingdom, said in a recent interview with CNBC’s Squawk Box. Hammond explained that regulators must fully understand how Libra works to counter the risks associated […] The post UK Finance Chief Ready to Engage with ‘Potentially Transformative’ Libra appeared first on CCN Markets

Tether (USDT) Accidentally Creates $5 Billion in Crypto

Stable coins, which are backed by fiat currency, have become an integral part of the crypto ecosystem over the past couple of years, and in that regard, Tether (USDT) is possibly the most well known. However, the very fact that it is backed by fiat makes it possible for it to be prone to certain errors, and that is exactly what happened yesterday when the team behind USDT made a mistake that had an effect on the wider crypto market for some time. Administrative Error In an astonishing development, the members at Tether transferred $5 billion ... ﾿ Read The Full Article On Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
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ZILLIQA Price Prediction Today: Daily (ZIL) Value Forecast – July 15

• The short-term and medium-term outlook is in a downtrend. • Selling opportunities at the broken demand area may be considered. ZIL/USD Medium-term Trend: Bearish Supply zone: $0.02500, $0.02600, $0.027000 Demand zone: $0.01000, $0.00500, $0.00300 ZILUSD is in a downtrend in the medium-term. The bears' strong pressure broke the lower demand area of the rant […]
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Royal Mint In UK Enters Crypto Realm Offering Custodial Services for Temtum (TEM) Cryptocurrency

The Royal Mint in the UK, a 1,100 financial institution tasked with minting coins for the United Kingdom announced their plans to become a cryptocurrency custodian in the coming days. This becomes the first time the financial institution is entering into the cryptocurrency world following previous unsuccessful attempts. The Royal Mint released an official press […]
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