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Libra Chief David Marcus Opens Up About Libra’s Potential to Outperform Other Anti Money Laundering Systems
30.10.2019
David Marcus, the spearhead of Facebook’s Libra Project bragged about the social media giant’s highly anticipated stablecoin and its potential to curb money laundering practices in the best possible way in comparison to the current payments systems. The Libra chief shared his views on...
Calibra Head David Marcus Touts Libra’s Money Laundering Standards
29.10.2019
Calibra wallet head David Marcus says that Libra’s anti-money laundering compliance will be better than many alternatives
What to Expect When Facebook’s Zuckerberg Defends Libra on Capitol Hill
23.10.2019
Here's what you need to know before Mark Zuckerberg testifies in front of the House Financial Services Committee on Libra
Facebook Likely to Use Stablecoins Pegged to Fiat for its Libra Project
21.10.2019
Facebook’s Libra project has been abuzz with new updates quite frequently in recent times. According to the recent reports dated October 20, 2019, Facebook is contemplating to utilize stablecoins pegged to a national currency for its digital currency Libra. Talking at a banking seminar, Facebook’s...
Libra Could Drop ‘Basket’ and Issue Individual Fiat Stablecoins
21.10.2019
Under pressure from regulators, the Libra project may consider a fundamental change to the way its planned crypto payments system will operate
Group of Seven Report Says That Libra Launch Should Be Halted Until Risks Are Addressed Adequately
18.10.2019
The Group of Seven has brought Facebook’s Libra project under the spotlight once again, and to the social media giant’s horror, the news is certainly not welcoming. “Facebook should not launch the global digital currency Libra until proper regulations are in place to handle the potential risks,”...
Despite a Row of Defections, Facebook Unveils its Crypto Libra
15.10.2019
The recent row of defections by major global companies doesn’t seem to have deterred Facebook’s spirits. The leading social network giant, on Monday, has officially taken a step forward with its plans of creating its own cryptocurrency known as Libra. The Libra Association has signed up 21 members...
Facebook-Led Libra Forms Governing Council After Big-Name Departures
15.10.2019
At a charter signing in Geneva on Monday, the Libra Association locked in 21 members of its governing council
Visa, Mastercard, Ebay, Stripe Join Paypal in Leaving Libra
12.10.2019
Most payment companies have now pulled out of Facebook’s Libra project. Visa, Mastercard, Ebay, and Stripe have followed Paypal in dropping out of the project amid regulatory concerns. The Libra Association has responded to the exodus of these companies. David Marcus, who is in charge of...
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...
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
Germany Aims at Blocking Facebook’s Libra Along with Other Private Stablecoins
19.9.2019
With the rapid advancement of blockchain-based technologies, stablecoins, a fast-growing subset of cryptocurrencies are also on the rise. Stablecoins are designed by pegging their value to some other asset, like fiat currencies or exchange-traded commodities, in order to avoid drastic fluctuations...
Facebook’s David Marcus Responds to Critics Over Libra ‘Threat’
16.9.2019
The head of Facebook's Calibra has spoken out to "debunk" allegations that the Libra project poses a threat to nations' fiscal sovereignty
Bug Bounty Program of Libra Association Opens Door to Public Scrutiny
28.8.2019
The social networking giant, Facebook, is leaving no stone unturned to make its well-planned cryptocurrency, Libra’s, launch a massive success. In its attempt to induce an increased amount of external contributors to its much-anticipated project, Libra, the Libra Association has announced a ‘Bug...
Facebook’s Libra Token Back in Action, As Delegation from US to Visit Switzerland for Discussions
19.8.2019
Ever since it was unveiled on June 18, Libra has been in the headlines, mostly for controversial reasons. From the US Congress to the Senate, from the US to the UK, lawmakers everywhere had polarizing views about the token. While a few of them felt that this Libra could help curtail illegal...
MasterCard is Looking for Twenty-Eight Crypto-Experts for Hiring
5.8.2019
MasterCard is focusing on building its own crypto team. Recently, it has posted job openings for 28 crypto experts for the same. The platform offers credit card, prepaid card & debit card payment services to its huge user-base. The new plan to create a crypto team will have its ‘blockchain...
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...
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
Bitcoin Noticeably Absent From Senate Hearing on Facebook’s Libra
16.7.2019
For a panel about a proposed cryptocurrency, Tuesday's Senate Facebook hearing was light on actual crypto talk
Facebook will Refrain from Launching Its Crypto Libra until Necessary Approvals are Acquired
16.7.2019
The discussions and debates around Facebook’s ambitious cryptocurrency project Libra never seem to come to an end. It is a well-known fact that Facebook has faced a lot of flak from policymakers, globally, citing data privacy, money laundering, security, consumer protection, and other illegal usage...