Mark Zuckerberg will be under the spotlight of regulators once again when Facebook's CEO testifies before the Financial Services Committee this month. The congressional panel is set to grill him October 23rd over Facebook's planned cryptocurrency Lib...
Congress will grill Mark Zuckerberg over Libra October 23rd
Mark Zuckerberg will be under the spotlight of regulators once again when Facebook's CEO testifies before the Financial Services Committee this month. The congressional panel is set to grill him October 23rd over Facebook's planned cryptocurrency Lib...
It's not just central banks interrogating Facebook over its Libra cryptocurrency as of late. The Financial Times has learned that the European Commission has asked Facebook to answer a range of questions about Libra, including the risks to financial...
A few days after the Wall Street Journal suggested that some companies announced as initial backers for Facebook's cyptocurrency were reconsidering support, PayPal has announced it will end its participation in the Libra Association. Founding members...
It has been a few months since Facebook officially announced its "Libra" cryptocurrency push with support from some big names including Visa and Mastercard. Since then we've heard little about it other than increasing scrutiny from regulators, banker...
Facebook was quick to promise that its Libra cryptocurrency would have the stability of real-world money behind it, but whose money will dominate? It's now particularly clear. Facebook sent a letter to German politician Fabio De Masi explaining tha...
Facebook is about to undergo further scrutiny of its Libra cryptocurrency, and it may have to answer some difficult questions. Officials speaking to the Financial Times said that Libra representatives are meeting with officials from 26 central banks...
Facebook's Libra cryptocurrency has run into another stumbling block. Less than a month after the EU opened up an antitrust investigation into the project, officials in France have announced that they "cannot authorize" Libra on European soil.
As Facebook's cryptocurrency Libra faces challenges from legislators, another social platform is getting ready to launch its own digital currency. According to a report in the New York Times, Telegram is aiming to launch its own coin, the Gram, withi...
Facebook's Calibra digital wallet isn't scheduled to launch until 2020. But, as you might expect, the organization that was created to protect the Libra cryptocurrency powering Calibra is already working to ensure it keeps people's data safe. We're t...
Facebook's Libra cryptocurrency project is being probed again, this time by European Union antitrust regulators. The European Commission said it is "currently investigating potential anti-competitive behavior," related to the Libra Association, Bloom...