Facebook's Libra is currently making the economic headlines across the globe. It was therefore a hot topic at the Chantilly (France) G7 meeting of finance ministers and central bankers. While that meeting was ongoing, the U.S. House of Representatives and the U.S. Senate were carefully listening to David Marcus, the manager for Facebook’s digital currency project.
Winning 92,153 votes to Jeremy Hunt’s 46,656, frontrunner Boris Johnson was elected new Conservative leader and UK prime minister on Tuesday 23 July.
The race to take over from Theresa May on July 24th, 2019 is at full speed. After eight conservative candidates including Michael Gove, Sajid Javid and Dominic Raab were kicked out of the competition, only two contenders for the PM position remain: Foreign secretary Jeremy Hunt and backbencher Boris Johnson.
Facebook was pulling no punches and thinking big earlier this week as it gate-crashed the blockchain and cryptocurrency world with its own crypto, Libra. So, what do we know about it?
Although Facebook’s cryptocurrency is shrouded in mystery, some snippets have filtered through about Mark Zuckerberg’s pet project.