Cole Petersen · 10 hours ago · 2 min read · Insights via Alex Krüger
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Nick Chong · 6 days ago · 2 min read
Facebook’s crypto initiative – dubbed Libra – captured the attention of the world last year, with a plethora of prominent companies signing on to be part of the “Libra Association.” The massive launch of this initiative unsurprisingly drew the ire of government officials, including the United States President and top Congressional leaders, who all noted that […]
In a recent interview with CNBC’s “Squawk Box,” CEO at Galaxy Digital Michael Novogratz stated that Facebook could have taken a different approach when it announced the creation of Libra.
At Facebook CEO Mark Zuckerberg’s Senate testimony, Republican congressman Ted Budd of North Carolina said that Bitcoin, Ethereum, and XRP are actual cryptocurrencies, while Libra isn’t.
Mark Zuckerberg, the founder and CEO of Facebook, has testified before the United States House Financial Services Committee, where Congress members have raised their concerns about the company’s past and future dealings.
Two weeks ago, it was announced that IOV Labs, the parent company of smart contract platform RSK, has acquired Latin American social media network, Taringa.
The head of Libra, Facebook’s controversial cryptocurrency initiative, has stated the project will continue to develop its planned “new global currency” despite having lost a quarter of its backers, including Stripe, Visa, PayPal, and Mastercard.
The Libra Association announced that it will pursue a payment system license under the Swiss Financial Market Supervisory Authority’s (FINMA) supervision.
Binance said it will be learning from Facebook’s mistakes with Libra, taking an even “more conservative” approach with its stablecoin, Venus.
Facebook’s bold “new global currency,” Libra, was hit by an antitrust probe from regulators in the European Union because it could unfairly dominate the market, according to a document seen exclusively by Bloomberg.
Walmart’s prospective USD-backed stablecoin should be looked upon more favorably by regulators than Facebook’s Libra, according to United States investment banking and financial services company, Cowen, Bloomberg reported.
United States cryptocurrency index fund provider Bitwise Investments said that Facebook’s Libra has accelerated crypto’s progress by three years.
Facebook has warned investors that its highly anticipated, and much-contested cryptocurrency project, Libra, may never get off the ground.
According to a recent poll by CivicScience, the majority of Americans trust Bitcoin more than they trust Facebook’s Libra.
Congressman Brad Sherman, a vocal critic of the crypto industry, again called for a complete ban on cryptocurrencies.
In a historic moment in Congress, pro-cryptocurrency representatives warned the House of Representatives of the “unstoppable” power of Bitcoin, calling for the United States to clarify regulations and seize the lead in blockchain innovation.
Bitcoin has been in the spotlight lately after a tweet from United States President Donald Trump where he expressed his views on cryptocurrencies, stating that he was “not a fan” of Bitcoin and that its value was highly volatile and based on thin air.
Facebook’s Calibra CEO David Marcus took another beating, this time from members of the House, with one lawmaker even scorning the proposed Libra cryptocurrency as “Zuckbucks.” Marcus went before members of the House Financial Service Committee to explain the social media platform’s ambitious proposal to enter the crypto space.
United States President Donald Trump expressed his views on cryptocurrencies, saying that not only was he “not a fan” of Bitcoin, he also believes Facebook’s Libra will have little standing or dependability when launched.
Mustafa Al-Bassam, the co-founder of Facebook acquired blockchain startup Chainspace, said Libra could recreate a dystopian financial system that’s less censorship resistant and easier to manipulate than the current one.
eToro, one of the leading social trading platforms, published its analysis of the Libra whitepaper, saying that it was a seismic moment for global finance.
One of the most concerning things to come from Facebook’s cryptocurrency reveal is the number of traditional finance players who are supporting it.
Facebook finally revealed details about its highly-anticipated cryptocurrency, Libra.
Following Facebook’s unveiling of its stable cryptocurrency, not only did top crypto influencers criticize the plan, but some European officials immediately called for deep scrutiny of the project, as reported by Bloomberg.
Some of the most prominent figures in the crypto community took to Twitter to share their thoughts on Facebook’s Libra cryptocurrency.
The official whitepaper of Libra, the highly anticipated cryptocurrency of Facebook, has been released on libra.org, with additional partners.
Peter Schiff, the CEO of brokerage firm Euro Pacific Capital, believes Facebook’s Libra cryptocurrency will outcompete Bitcoin on stability and fees.
PayPal, Mastercard, Visa, Stripe, and Uber will be among over a dozen companies investing approximately $10 million each to back Facebook’s new cryptocurrency.
GlobalCoin, Facebook’s own cryptocurrency, will reportedly be announced this month.
Facebook, the social media giant that owns WhatsApp and Instagram, is finalizing its plans to launch its own cryptocurrency next year.
Facebook is looking for VC firms to invest in its cryptocurrency project for sums as large as $1 billion, according to NY Times reporter Nathaniel Popper.
Facebook is filling positions for four different blockchain engineering roles.
The world’s leading social network is looking into the potential of blockchain technology to facilitate peer-to-peer payments.
Under pressure from the United States Congress and users worldwide, Facebook is seeking an innovative solution to its data privacy-related issues.