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Facebook Moves Forward With Digital Currency ‘Libra’ Despite High-Profile Defections

Facebook has faced criticism since it.....»»

Category: topSource: timeOct 16th, 2019

Where it all went wrong for Facebook’s Libra

Facebook was blindsided this month when seven of the high-profile companies involved in its digital currency project, including eBay, PayPal, Visa and Mastercard, stepped back, leaving its future hanging in the balance......»»

Category: topSource: bizjournalsOct 15th, 2019

Facebook"s cryptocurrency raises "serious concerns"- Powell

U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns were addressed. Rough Cut (no reporter narration)......»»

Category: videoSource: reutersJul 10th, 2019

Facebook currency project "cannot go forward" until concerns addressed: Powell

U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns were addressed......»»

Category: topSource: reutersJul 10th, 2019

Facebook"s Libra could come under some existing rules: watchdog

Existing securities rules could apply to "stablecoin" digital currency initiatives such as Facebook's Libra project to help realize its benefits, global securities watchdog IOSCO said on Monday as policymakers examine whether new regulation is needed......»»

Category: topSource: reutersNov 4th, 2019

Zuckerberg makes the case for Libra

Facebook chief executive Mark Zuckerberg testified on Oct. 23 before the House Financial Services Committee on a proposal for digital currency, Libra......»»

Category: topSource: washpostOct 24th, 2019

Zuckerberg reassures Congress on his digital currency

Facebook CEO Mark Zuckerberg attempted to win over skeptical House lawmakers as he tries to launch Libra, a global digital currency he said would help the world's 'unbanked.' Conway G. Gittens wraps up his marathon testimony......»»

Category: videoSource: reutersOct 23rd, 2019

Cryptos: Zuckerberg is getting grilled in Washington as bitcoin is getting grilled on Wall Street

Bitcoin prices have quietly been in meltdown mode in recent trade and that trend has accelerated amid testimony on Wednesday from Facebook CEO Inc. Mark Zuckerberg as he attempts to make a case for digital-currency payment platform Libra......»»

Category: topSource: marketwatchOct 23rd, 2019

Facebook Open To Changes To Libra Vision Ahead Of June 2020 Launch

Social media company Facebook, Inc. (NASDAQ: FB) is proceeding with its Libra initiative, but the initial vision of a single, synthetic digital currency could change, read more.....»»

Category: blogSource: benzingaOct 21st, 2019

Facebook open to currency-pegged stablecoins for Libra project

Facebook Inc , facing growing skepticism about its digital currency project Libra, on Sunday said the initiative could use cryptocurrencies based on national currencies such as the dollar, instead of the synthetic one it initially proposed......»»

Category: topSource: reutersOct 20th, 2019

Foxconn Founder: Libra Can ‘Converge’ With China’s Digital Currency in Taiwan

Terry Gou, Taiwan's richest man and the founder of manufacturing giant Foxconn, wants the island to roll out the red carpet for Facebook's Libra......»»

Category: forexSource: coindeskOct 16th, 2019

Facebook"s Libra is the US"s best shot at beating China to become the dominant digital currency for emerging economies, analyst says

Getty Facebook's Libra might be the best chance the US has to beat China to become th.....»»

Category: topSource: businessinsiderOct 15th, 2019

Facebook presses on with e-coin despite defections

Facebook is pressing ahead with its Libra e-currency despite losing another backer. Julian Satterthwaite reports......»»

Category: videoSource: reutersOct 15th, 2019

Facebook Officially Launches Libra, Its Digital Currency

Facebook has faced criticism since i.....»»

Category: topSource: timeOct 14th, 2019

Factbox: Facebook"s Libra in trouble as firms jump ship

A number of payment processors and fintech companies that joined Facebook Inc's digital currency project Libra with great fanfare earlier this year, have abandoned the project, dealing a blow to the social media giant's plans......»»

Category: topSource: reutersOct 14th, 2019

eBay to leave Facebook"s Libra digital currency, FT reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallOct 11th, 2019

Stripe to drop out of Facebook"s Libra digital-currency project: report

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»

Category: topSource: marketwatchOct 11th, 2019

EU finance commissioner pledges to regulate digital currencies

The European Union's finance commissioner pledged on Tuesday, if he is reappointed, to propose new rules to regulate virtual currencies such as Libra, the currency Facebook plans to launch......»»

Category: topSource: reutersOct 8th, 2019

Why (Almost) Everybody Hates Facebook’s Digital Coin

Facebook Inc.’s plan to create a digital currency, Libra, is a big idea. If a third of the social network’s 2 billion members use Libra, it might be in more (virtual) pockets than the U.S. dollar. On the other hand, it could flop if it turns ou.....»»

Category: topSource: washpostOct 6th, 2019

PayPal drops out of Facebook’s Libra digital-currency project: report

In what could be a lethal blow to Facebook Inc.’s controversial Libra project, PayPal Holdings Inc. is reportedly on the verge of withdrawing its support for the global digital currency......»»

Category: topSource: marketwatchOct 5th, 2019

PayPal becomes first member to exit Facebook"s Libra Association

U.S. payments processor PayPal Holdings Inc said on Friday it was leaving Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra, making it the first member to exit the group......»»

Category: topSource: moneycentralOct 5th, 2019