Libra Archives - Page 4 of 6

Facebook Officially Signs Charter with 21 Remaining Libra Members

October 15, 2019

Facebook sealed its deal with the remaining Libra Association members by signing an official agreement on Monday. Reported by Bloomberg, the formal charter to form the association is still an unbinding one a...

Mark Zuckerberg to Testify Before Congress Over Libra’s Impact

October 10, 2019

As concerns over Facebook’s Libra are mounting, the social media company’s founder and CEO, Mark Zuckerberg, will appear before the House in the United States for testimony. Announced by the House Financial ...

Libra Takes Another Hit as Chief Product Officer Leaves

October 9, 2019

In less than a week, the Facebook-led Libra Association has lost the support of PayPal, while Visa, Mastercard, and Stripe are also rethinking their participation amid more scrutiny from US regulators. And no...

US Senators Urge Visa, Mastercard, Stripe to Rethink Libra Membership

October 9, 2019

Amid the exit of PayPal from the Libra Association, the focus is now on three other major partners of the project – Visa, Mastercard, and Stripe. Two Senate Democrats – Senator Sherrod Brown of Ohio and Sena...

PayPal Becomes the First to Withdraw from Libra Association

October 7, 2019

PayPal has decided to distance itself from Facebook’s ambitious cryptocurrency project amid concerns over regulatory scrutiny. In a statement shared with media houses, the payments company noted: “PayPal has...

PayPal, Visa, & Others Considering Withdrawal from Libra: Report

October 4, 2019

After PayPal representatives didn’t show at a Libra Association meeting on Thursday, the Financial Times reported that the company is reconsidering its involvement with Facebook’s Libra project. The payment c...

Libra Not Threat To Fiat, Says Libra Exec

September 27, 2019

Another Facebook executive has said that the company’s Libra cryptocurrency is not intended to threaten existing fiat currencies. Speaking at an event in Geneva on Friday, Bertrand Perez, a managing direct...

Germany Passes Blockchain Strategy That Will Block Facebook’s Libra

September 18, 2019

The German government has reportedly passed a blockchain strategy that’ll block parallel currencies in the country, including Facebook’s Libra. According to a report published by Reuters, the blockchain stra...

Germany Passes Blockchain Strategy to Push Back Facebook’s Libra

September 18, 2019

Germany joined France in the forefront of the resistance against the launch of Facebook’s Libra in Europe on Wednesday when it passed a comprehensive blockchain strategy to push back the establishment of any ...

Libra Not Threat to Sovereignty, Says FB Exec

September 16, 2019

The co-creator of Libra, Facebook’s nascent cryptocurrency, took to Twitter on Monday to try and dispel some of the fears people have about the digital asset. David Marcus, a former PayPal executive, noted...