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Facebook

Facebook Isn’t Behind the First Incubator for Libra Crypto Developers

With $125,000 committed to a virtual bootcamp in November, Libracamp is incubating development on Facebook's Libra testnet.

Business  ·  20 August 2019
Europe

US Lawmakers to Discuss Facebook Libra on Swiss Visit: Report

Congresswoman Maxine Waters and other U.S. lawmakers will discuss Facebook's crypto project with the Swiss data privacy chief this week.

Policy & regulation  ·  19 August 2019
Europe

Global Regulators Warn on Privacy Risks of Facebook’s Libra

Data protection chiefs from across the globe have united to express concerns over the privacy risks posed by Facebook's cryptocurrency project.

Policy & regulation  ·  6 August 2019
Regulation

Facebook Hires US Senator’s Former Aide to Lobby for Libra Cryptocurrency

Facebook has hired a former aide to the chairman of the U.S. Senate Banking Committee to lobby for its Libra cryptocurrency project.

Policy & regulation  ·  6 August 2019
Regulation

Facebook Libra Might Never Launch, Company Concedes in SEC Disclosure

Facebook has acknowledged what many have been saying – that regulatory issues may be an insurmountable barrier to its Libra project.

Policy & regulation  ·  30 July 2019
Facebook

WATCH: The Facebook Libra Hearings: Everything You Missed in 5 Minutes

From Silicon Valley to Washington, DC, Facebook's Libra is causing concern everywhere it turns up. This CoinDesk video explores what happened in the halls of power when the first major corporation joined the crypto party.

Markets  ·  28 July 2019
Facebook

Coincheck-Owner Monex Group Moves to Join Facebook Libra

Monex Group, the Japanese financial services company that owns the Coincheck crypto exchange, has applied to join Facebook's Libra project.

Business  ·  26 July 2019
Facebook

‘However Long It Takes’: Zuckerberg Vows to Win Over Libra Regulators

Facebook's CEO said it will spend "however long it takes" to get regulators on board before launching Libra.

Markets  ·  25 July 2019
Bitcoin

People in US Trust Bitcoin More Than Facebook’s Libra: Report

Compared with bitcoin, people in the U.S. don't trust Facebook's anticipated new stablecoin Libra, according to a new survey.

Markets  ·  24 July 2019
Visa

Facebook Libra Backers Are Not Official Partners Yet, Says Visa CEO

While Facebook's Libra project was said to have 28 founding partners when unveiled, that isn't quite the case, says Visa CEO Alfred F. Kelly.

Markets  ·  24 July 2019
Europe

Facebook Libra Hasn’t Responded to Information Request: Swiss Watchdog

Facebook hasn't responded to a request by Switzerland’s data privacy regulator for more details on Libra, despite the project being based in Geneva.

Policy & regulation  ·  24 July 2019
Facebook

Congress Drew a Fine Line Between Libra and Crypto – That’s a First

Lawmakers at last week’s hearings took pains to distinguish Facebook’s Libra from the broader crypto space, showing a new maturity in their approach.

Markets  ·  23 July 2019
Europe

UK Lawmakers May Probe Facebook Libra Over Privacy, Fraud

A parliamentary committee worries about Facebook holding financial details on its potentially billions of Libra users.

Policy & regulation  ·  22 July 2019
Facebook

WATCH: ‘Mother of Blockchains’ Defends Facebook’s Choice of Controversial Swiss Foundation

Joshua Ashley Klayman Kuzar sees Libra as a turning point in the march to mass adoption. "Facebook didn't come to congress," she said. "Congress came to Facebook."

Markets  ·  18 July 2019
Facebook

WATCH: Former CFTC Advisor Sees ‘Mistrust’ as Libra’s Fatal Flaw

Scandal after scandal hasn't done Facebook any favors, says former CTFC advisor Jeff Bandman.

Markets  ·  18 July 2019