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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

Libra Scales Back Global Currency Ambitions in Concession to Regulators

The Facebook-spawned Libra Association has scaled back its original vision of a global digital currency backed by a basket of fiat currencies......»»

Category: forexSource: coindeskApr 16th, 2020

Cryptosphere: Why is Facebook"s Libra in trouble?

Facebook is getting into the crypto business. Its digital currency called Libra is scheduled to launch in summer 2020. But the project has raised a lot of concerns......»»

Category: videoSource: reutersMar 17th, 2020

Libra Plus? A New Global Digital Currency Strategy for Facebook

India’s Supreme Court overturns a crypto banking ban while Facebook prepares fiat-pegged digital currencies alongside Libra......»»

Category: forexSource: coindeskMar 4th, 2020

Does a New Digital Currency Help Shopify Stock Continue to Grow?

Shopify's integration with Facebook advertising reached a new level last week when it announced that it was joining the Libra Association. Shopify aims to eliminate a formidable barrier to wider........»»

Category: blogSource: 247wallstFeb 26th, 2020

Shopify to join Facebook-led Libra currency group

Canadian e-commerce company Shopify Inc said on Friday it would join Libra Association, a group that manages Facebook Inc led efforts to launch a global digital currency, Libra......»»

Category: topSource: reutersFeb 21st, 2020

Why High-Profile Defections Aren’t Libra’s Biggest Challenge

Libra has lost another Association member, but according to @nlw that’s likely low on their worries list, plus Square’s LN efforts & TON’s SEC support......»»

Category: forexSource: coindeskJan 22nd, 2020

Vodafone Is the Latest Big Company to Quit Facebook-Founded Libra Association

Telecom giant Vodafone has left the Libra Association, the eighth company to pull out of the Facebook-led digital currency project since the fall......»»

Category: forexSource: coindeskJan 21st, 2020

Vodafone Group exits Facebook-led Libra currency group

Britain's Vodafone Group PLC has left the entity that manages the Facebook Inc led effort to launch Libra, a global digital currency, Libra Association said on Tuesday......»»

Category: topSource: reutersJan 21st, 2020

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