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A wrap up of news covering the announcement of Facebook's cryptocurrency, Libra.
Last updated Jul 25, 2019
In Facebook’s quarterly earnings report this week, CEO Mark Zuckerberg emphasized that the company would work to address regulators’ concerns over Libra for “however long it takes.” But he als...
July 25, 2019July 25, 2019
4 min read
What goes around comes around. When Facebook introduced a ban on cryptocurrency projects posting on its website in 2018, it likely didn’t anticipate that, a mere year later, it would need to c...
July 24, 2019July 25, 2019
3 min read
The president of Germany’s central bank, Bundesbank, has urged his G7 counterparts not to prematurely condemn Facebook’s Libra, the digital currency and alternate financial system the tech gia...
July 21, 2019July 20, 2019
2 min read
Finance chiefs from the world’s leading nations today voiced unanimous concern over the destabilising impact of Facebook’s Libra initiative on the world’s monetary system.
"It poses serious d...
July 18, 2019July 18, 2019
US Congressmen struck a notably more conciliatory tone toward Facebook than their Senate colleagues, going so far as to praise Bitcoin, and the broader cryptocurrency movement, as “unstoppable...
July 17, 2019July 18, 2019
On Tuesday, 700 old white men, and roughly three women, gathered in Congress to ask David Marcus, the executive behind Facebook’s Libra Project, how we can be sure its incipient digital curren...
July 16, 2019July 16, 2019
7 min read
Tomorrow starts what David Marcus, head of Calibra, the crypto wallet subsidiary of Facebook, believes will be the “broadest, most extensive and most careful pre-launch oversight by regulators...
July 15, 2019July 16, 2019
President Donald Trump is angry. And he’s taken to Twitter to let the world know how he feels, for a change. This time, cryptocurrency has got his goat—specifically, Bitcoin and Facebook’s Lib...
July 12, 2019July 12, 2019
Federal Reserve Chairman Jerome Powell has had more time to think about Facebook’s Libra project and is now singing a much different tune.
On Wednesday, Powell testified before the House Finan...
July 10, 2019July 10, 2019
A Congressional subcommittee has asked Facebook to “immediately agree to a moratorium on any movement forward on Libra," the social network's upcoming cryptocurrency.
The letter was made publ...
July 2, 2019July 3, 2019
Enthusiastic traders are not the only ones who get liquidated on BitMEX. The bitcoin futures trading exchange demolished Facebook in an op-ed by BitMEX CEO Arthur Hayes and a “research” articl...
June 28, 2019June 28, 2019
With Libra, Facebook believes that they can help empower the 1.7 billion unbanked people in the world and make access to money and financial services as easy as sending a Facebook or WhatsApp ...
Ki Chong Tran
5 min read
The launch partners for Facebook’s Libra cryptocurrency are split.
Earlier in the week, it was reported that seven key partners were reconsidering their options. The article, published in the ...
June 27, 2019June 27, 2019
Could the Ethereum community become one of the validators of Facebook’s Libra?
That’s the radical idea proposed by SpankChain CEO Ameen Soleimani—who is well-known for his unique brand of radi...
June 25, 2019June 27, 2019
Mark Carney, Governor of the Bank of England, announced on Thursday night that stablecoins, like Facebook’s Libra, will be allowed to store their reserves in the hallowed vaults of the world’s...
June 21, 2019June 27, 2019
We made the mistake of calling Facebook’s possibly-upcoming cryptocurrency, the Libra, a “stablecoin” when it was announced. We wrote this because Libra—which will be governed by a consortium ...
The bankers have taken a look at Facebook’s Libra, and the response is a resounding “Meh.”
U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook discussed its plans to la...
June 19, 2019June 27, 2019
Facebook may have to shutter plans for Libra Coin in the short term.
Since the announcement yesterday that Facebook is creating a cryptocurrency (well, two, actually) to be implemented into Me...
Facebook’s Libra project is late to the party, and the party’s already been mostly shut down by law enforcement. Nearly everything in the 11-page white paper released yesterday by the company—...
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