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Facebook’s Libra Crypto Gets Ready to Launch in January as a Single Coin
28.11.2020
Facebook’s libra cryptocurrency is reportedly preparing to launch with a single cryptocurrency, a scaled-down version of its original plan. The launch date for Facebook’s libra could be as early as January. Launch Date for Facebook’s Libra The cryptocurrency libra, proposed...
Goldman Sachs Cryptocurrency: Possible Collaboration With JPMorgan and Facebook
8.8.2020
Goldman Sachs is considering creating its own cryptocurrency. Having recently appointed a new head of digital assets, the company indicated a possible collaboration with other companies, including JPMorgan and Facebook. JPMorgan has created the JPM coin and Facebook has proposed the Libra...
75 Companies Back Facebook Libra’s Competitor Celo
7.5.2020
Celo, a competing project to Facebook’s Libra cryptocurrency, has added 50% more new members to its alliance, bringing the total number of supporting organizations to 75. Some Celo members are also supporters of the Libra project, such as Coinbase Ventures, Anchorage, and Andreessen Horowitz....
Facebook Libra Redesigned: New System and Cryptocurrency to Comply With Regulations
17.4.2020
Facebook’s Libra cryptocurrency project has undergone major changes. A number of key areas have been redesigned, including the payment system, the Libra cryptocurrency, and the addition of new single-currency stablecoins. The changes largely aim to comply with regulatory requirements. Also...
G20 Considers 10 Rules for Regulation of Stablecoins Like Facebook Libra
15.4.2020
The G20 is setting rules to regulate stablecoins such as Facebook’s Libra cryptocurrency. Responding to a call by the G20, the Financial Stability Board (FSB) has provided 10 “high-level” recommendations that establish a regulatory framework for stablecoins. Also read:...
Bank of England Drafts Out Regulatory Measures for Facebook’s Libra Cryptocurrency
11.10.2019
Facebook-led stablecoin project, Libra has managed to grab the attention of financial leaders all around the world, surprisingly, for all the negative reasons. It has been subject to backlash from regulatory authorities globally concerning its vulnerability to upset the financial scenario in...
Facebook CEO Mark Zuckerberg to Testify Before Congress Over Libra Cryptocurrency
9.10.2019
Facebook CEO Mark Zuckerberg will defend Libra before U.S. lawmakers later this month
Visa, Mastercard to Reconsider Backing Facebook’s Libra Cryptocurrency
2.10.2019
It has already been a few months since the tech giant, Facebook, officially announced its ‘Libra’ cryptocurrency project with international support from big organizations including Visa, Mastercard, and PayPal. Since the announcement, very little has been heard about the Libra project apart from...
Facebook to Face Global Regulators about its Libra Cryptocurrency Project
16.9.2019
According to recent news, Global regulators will interrogate Facebook shortly regarding its Libra cryptocurrency, even though the EU governments expressed concerns that the digital currency poses a danger to financial stability. As per the Financial Times, Facebook needs to face 26 national banks...
France Bans Facebook’s Libra Cryptocurrency in Europe
12.9.2019
On Thursday, Bruno Le Mair, France’s Minister of the Economy and Finance, warned that the country will halt the development of Facebook’s planned cryptocurrency, ‘Libra,’ since the digital asset poises threats to the “monetary sovereignty” of governments. The announcement was made by Le Maire as...
Vulnerability Fixed in Facebook Contract Language for Libra Cryptocurrency
10.9.2019
The vulnerability in the Move IR compiler allows malicious actors to introduce executable code to their smart contracts," OpenZepplin’s CEO Demian Brener told CoinDesk
India’s Popular ‘Who Wants to Be a Millionaire’ Show Gives Crypto a Boost
10.9.2019
One of the most popular reality TV shows in India called Kaun Banega Crorepati, based on the show ‘Who Wants to Be a Millionaire,’ has just given crypto a boost. A contestant on the show was asked a question about Facebook’s Libra cryptocurrency, and the show’s host, Amitabh...
ECB’s Yves Mersch Warns Libra Cryptocurrency Is ‘Facebook’s Siren Call’
2.9.2019
Facebook’s Libra stablecoin is “beguiling but treacherous,” according to European Central Bank key legal official Yves Mersch
Facebook is not Behind Virtual Bootcamp for Libra Cryptocurrency Developers
21.8.2019
Contrary to popular belief, Facebook is not behind the Virtual Bootcamp that is slated to begin in November, held for the Libra developers. This first incubator is being organized by Libracamp, a newly formed start-up by Israeli entrepreneurs. The start-up’s team of entrepreneurs is keen to make...
Facebook Hires US Senator’s Former Aide to Lobby for Libra Cryptocurrency
6.8.2019
Facebook has hired a former aide to the chairman of the U.S. Senate Banking Committee to lobby for its Libra cryptocurrency project
MIT Fellow Accuses Facebook of ‘Lifting’ His Ideas for Libra Cryptocurrency
26.7.2019
MIT fellow Alex Lipton claims Facebook borrowed the guts of its Libra project from a paper he co-authored last year
G7 Agrees on Crypto Action Plan Spurred by Facebook’s Libra
20.7.2019
G7 finance chiefs met this week and Facebook’s Libra cryptocurrency was high on their agenda. They agreed on several crypto initiatives and fast regulatory responses to projects such as Libra, calling for them to meet the highest standards of financial regulation. Also read: G20 Leaders Issue...
US Treasury Secretary Mnuchin Says G7 in Agreement on Libra, Cryptocurrencies
19.7.2019
“There was a clear agreement ... that Libra, in particular, raises some very significant concerns, and cryptocurrencies more broadly," said Mnuchin
US Treasury Secretary Mnunchin Says G7 in Agreement on Libra, Cryptocurrencies
19.7.2019
“There was a clear agreement ... that Libra in particular raises some very significant concerns, and cryptocurrencies more broadly," said Mnuchin
Lawmakers Amp Up Pressure on Facebook to Halt Libra Cryptocurrency Development
17.7.2019
U.S. lawmakers repeatedly pressed Facebook's top blockchain exec to halt development of the Libra cryptocurrency in Tuesday's hearing