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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...
Institutional Libra Backers are Getting Cold Feet
2.10.2019
Major Libra backers are backing out, according to a WSJ report
European Commission Exec Questions Facebook’s Libra Stablecoin
1.10.2019
EU antitrust regulator discusses possible impact from Libra’s launch
FB’s Internal Q&A Sessions Reveal Early Strategy for Libra: Leaked
1.10.2019
Newly leaked audio from Q&A sessions between Facebook’s CEO and employees shines new light on the firm’s early strategy for Libra
Facebook’s Libra Project is “Walled Garden”, Says Ripple’s SVP of Customer Success
30.9.2019
Voicing negative sentiments about the upcoming Facebook’s Libra project, Marcus Treacher, Senior Vice President of Customer Success at Ripple, said, that highly guarded and centralized structure of Libra is not in line with the principles of cryptocurrency. Just so you know, Libra project is backed...
Launch of Libra May Postpone Amidst Global Resistance
30.9.2019
Since its announcement in June 2019, Libra has been making waves across the globe regarding its proposed plans. The launch is likely in the mid-2020, but it is facing a lot of resistance since its inception from the financial world. A massive wave of political skepticism and regulatory concerns...
Zuckerberg’s Charm Offensive on Behalf of Libra With US Lawmakers
27.9.2019
Can Zuckerberg’s personal appeals win favor in Washington? “Personal visits absolutely help enhance policies and regulatory decisions,” says Chamber of Digital Commerce policy chief
The Reasons Why Blockchain Is Not Quite Ready for Facebook’s Dreams
27.9.2019
Facebook is ready to enter the cryptocurrency arena but blockchain technology does not look ready enough for bright Facebook plans
Facebook-Led Libra Could Be Boon to UN, Says Crypto Project’s Chief
27.9.2019
The head of the Libra Association has argued that the Facebook-led cryptocurrency could help the U.N. achieve its sustainable development goals
Facebook’s Zuckerberg Appears to Put Libra Launch Date in Doubt
26.9.2019
In an interview, Mark Zuckerberg suggested that it might be a while before the Libra cryptocurrency actually gets its launch
US House Financial Services Committee and SEC: Whose Move on Crypto?
25.9.2019
A follow-up to Tuesday’s U.S. House hearing with the SEC asks where to look for coming crypto regulation
ECB Exec Says Libra Could Address Failings of Global Payments System
25.9.2019
Libra has been a wakeup call for banks to consider major issues in global payment systems, an ECB board member says
EU and Libra: Facebook’s Project Getts Challenged as ‘Eurocoin’ Looms
24.9.2019
EU politicians eye up “Eurocoin” to battle Libra in Europe as the lawmakers and central bankers fear that private currencies can disrupt economies and sovereignty
Japan’s Central Bank Chief Calls for International Effort on Libra Regulation
24.9.2019
The governor of the Bank of Japan has called for global cooperation in regulating stablecoins like the Facebook-led Libra
IBM Says It’s Open to Working With Facebook on Libra Crypto
23.9.2019
IBM says it's ready to work with its clients who are interested in Facebook’s Libra
USD to Lead a Group of Fiat Currencies Backing Libra
23.9.2019
As per the reports, Facebook’s cryptocurrency, Libra will be backed by 50% by the US dollar and the rest by Japanese Yen (comprising 14%), Euro (comprising 18%), Pound Sterling (comprising 11%) and Singapore Dollar (comprising 7%). Chinese Yuan has not been included in the list till now. Facebook’s...
Facebook Reveals Libra Crypto’s Currency Basket Breakdown: Report
23.9.2019
Facebook has reportedly revealed the percentage breakdown of the basket of global currencies that will underpin its Libra cryptocurrency
Facebook Set on 2020 Launch for Libra, Despite Regulators’ Pushback
20.9.2019
David Marcus, the head of Calibra at Facebook, has said he expects Libra will initially face user acceptance problems, rather than regulatory ones
SEC Chair, Commissioners to Talk Crypto at US Congress Hearing Next Week
20.9.2019
The House Financial Services Committee will question SEC commissioners about crypto regulations and Facebook's Libra next week
Zuckerberg Dines With US Democrats Concerned Over Facebook’s Libra
19.9.2019
Democrats grill Zuckerberg with questions and concerns about its planned Libra stablecoin project during private dinner