Libra

Facebook

Lawmakers Amp Up Pressure on Facebook to Halt Libra Cryptocurrency Development

U.S. lawmakers repeatedly pressed Facebook's top blockchain exec to halt development of the Libra cryptocurrency in Tuesday's hearing.

Markets  ·  17 July 2019
Facebook

JP Morgan’s Jamie Dimon: Facebook’s Crypto Isn’t a Short-Term Concern

“We’re going to be talking about Libra three years from now," JPMorgan Chase CEO Jamie Dimon said Tuesday.

Markets  ·  17 July 2019
Regulation

Watch Today’s Facebook Libra Hearing at the House Financial Services Committee

Watch the live webcast of the House Financial Services Committee hearing on Facebook's Libra cryptocurrency project.

Policy & regulation  ·  17 July 2019
Regulation

Ex-CFTC Advisor: Facebook’s Libra Could Be Both Security and Commodity

Security? Payment token? Utility token? Defining Facebook's Libra won't be easy, and it's not Facebook's call, says Jeff Bandman.

Policy & regulation  ·  17 July 2019
Facebook

Bitcoin Noticeably Absent From Senate Hearing on Facebook’s Libra

For a panel about a proposed cryptocurrency, Tuesday's Senate Facebook hearing was light on actual crypto talk.

Markets  ·  16 July 2019
Bitcoin

Cuba Libra? Island Nation Slowly Explores Cryptocurrency Options

Cuba highlights the difference between bitcoin and corporate token projects like Facebook's Libra.

Policy & regulation  ·  16 July 2019
Facebook

German Finance Minister: Facebook Shouldn’t Be Allowed to Compete With the Euro

“The issuance of a currency does not belong in the hands of a private company," according to Germany's finance minister.

Markets  ·  16 July 2019
Facebook

WATCH: Breaking Down the Libra Hearings

CoinDesk LIVE presents opinions and commentary on Libra's hard road ahead. Join six experts and our own editors for a detailed discussion of the future of Mark Zuckerberg's cryptocurrency.

Markets  ·  16 July 2019
Facebook

Facebook’s Marcus Says He’d Accept 100% of His Pay in Libra

Facebook blockchain exec David Marcus told lawmakers he would be willing to accept 100 percent of his salary in Libra.

Markets  ·  16 July 2019
Facebook

Watch the Facebook Libra Hearing Live

Facebook's hearing in front of the U.S. Senate is live online and we will be running commentary all day.

Markets  ·  16 July 2019
Regulation

Facebook’s Libra Should Be Regulated Like a Security, Says Former CFTC Chair

Former CFTC Chairman Gary Gensler believes Facebook's Libra looks – and should be regulated like – a security.

Policy & regulation  ·  16 July 2019
Facebook

US Treasury Secretary Mnuchin Is ‘Not Comfortable’ With Facebook’s Libra

In a press conference Monday, Mnuchin voiced the Trump administration's concerns with Facebook's Libra and cryptocurrencies like bitcoin.

Markets  ·  15 July 2019
Regulation

What to Expect When Congress Grills Facebook on Cryptocurrency

The Congressional hearings on Facebook's Libra are likely to focus more on the company's privacy failings than broad crypto policy questions.

Policy & regulation  ·  15 July 2019
Japan

Japan Creates Working Group to Discuss Facebook Libra Ahead of G7 Meeting

Japan has set up a working group to examine the issues raised by Facebook's Libra cryptocurrency project ahead of a G7 meeting this week.

Policy & regulation  ·  15 July 2019
Bitcoin

US President Donald Trump Says He’s ‘Not a Fan’ of Bitcoin

US President Donald Trump tweeted about bitcoin and Facebook's Libra on Thursday. He's not a fan.

Markets  ·  12 July 2019