News Libra

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 U.S. President and top Congressional leaders, who all noted that […]

A Libra scam has appeared on Twitter to conduct a fake initial coin offering (ICO) of its coin LIBT. The account has existed on Twitter since 2018, but data from Etherscan has shown that the ERC20 token was created on Jan. 26. While the scammers claim more than 200 ETH has been raised privately, the […]

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. This would have allowed the project to be kept alive as it was meant to be. Novogratz said: “If Facebook would have come out originally saying […]

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. By “actual” cryptocurrencies, Congressman Budd likely meant that unlike the three assets, Libra is not open-sourced and permissionless. He said: “It’s crucial that members of this committee be able […]

Mark Zuckerberg, the founder and CEO of Facebook, has testified before the U.S. House Financial Services Committee, where Congress members have raised their concerns about the company’s past and future dealings. Zuckerberg says stifling innovation could give an upper hand to China Libra has been one of the most controversial technology projects in the past […]

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. With 30 million users, Taringa is the fourth largest social media operator in the region. In the press release accompanying the announcement, IOV Labs alludes to its ambition to introduce […]

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. Speaking on Bloomberg Television Tuesday, David Marcus assured that Libra intends to recruit new members to replace those that said […]

The Libra Association announced that it will pursue a payment system license under the Swiss Financial Market Supervisory Authority’s (FINMA) supervision. The group, which oversees Facebook’s controversial cryptocurrency, chose Switzerland as its main regulator despite scrutiny from U.S. lawmakers. Libra continues its push to be regulated by Swiss authorities One of the most highly contested […]