Libra Cryptocurrency
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Facebook-Backed Crypto Project Diem Sold After Pushback
The Facebook-backed digital currency project Diem announced Monday the winding down and $182-million (roughly Rs. 1,360 crore) sale of its technology, capping a years-long initiative that drew significant concern from regulators.
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Facebook's Libra Cryptocurrency Gets Revamp in Response to Backlash
Facebook's planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp it hopes will win regulatory approval.
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Swiss Minister Says Facebook's Libra Has "Failed" In Current Form
The Swiss president and finance minister has delivered the latest blow to Facebook's planned Libra cryptocurrency, saying it has "failed in its current form," Swiss network SRF reported Friday.
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Facebook's Mark Zuckerberg Open To Scaling Back Plans For Libra Coin
Facebook chief executive Mark Zuckerberg opened the door Wednesday to scaling back plans for its digital coin Libra if it cannot win approval as a new currency for global exchanges.
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Group Behind Facebook's Cryptocurrency Announces 21 Founding Members
The Libra Association, created by Facebook to launch its new cryptocurrency, has announced its 21 founding members after defections by previous supporters including Visa and Mastercard.
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PayPal Abandons Facebook-Backed Libra Cryptocurrency Group
PayPal on Friday said it is abandoning an alliance intended to oversee the Facebook-backed Libra cryptocurrency, which has come under attack by regulators.
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France Warns It Will Block Development Of Facebook's Libra Cryptocurrency
France warned on Thursday it will block development of Facebook's planned Libra cryptocurrency in Europe because it threatens the "monetary sovereignty" of governments.
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Facebook Called Before US Senate Panel Over Digital Currency Project
Facebook's plans to create a global cryptocurrency will face scrutiny from the US Senate Banking Committee on July 16, the latest sign that policymakers around the globe are casting a wary eye on the project.
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Facebook-Backed Crypto Project Diem Sold After Pushback
The Facebook-backed digital currency project Diem announced Monday the winding down and $182-million (roughly Rs. 1,360 crore) sale of its technology, capping a years-long initiative that drew significant concern from regulators.
-
Facebook's Libra Cryptocurrency Gets Revamp in Response to Backlash
Facebook's planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp it hopes will win regulatory approval.
-
Swiss Minister Says Facebook's Libra Has "Failed" In Current Form
The Swiss president and finance minister has delivered the latest blow to Facebook's planned Libra cryptocurrency, saying it has "failed in its current form," Swiss network SRF reported Friday.
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Facebook's Mark Zuckerberg Open To Scaling Back Plans For Libra Coin
Facebook chief executive Mark Zuckerberg opened the door Wednesday to scaling back plans for its digital coin Libra if it cannot win approval as a new currency for global exchanges.
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Group Behind Facebook's Cryptocurrency Announces 21 Founding Members
The Libra Association, created by Facebook to launch its new cryptocurrency, has announced its 21 founding members after defections by previous supporters including Visa and Mastercard.
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PayPal Abandons Facebook-Backed Libra Cryptocurrency Group
PayPal on Friday said it is abandoning an alliance intended to oversee the Facebook-backed Libra cryptocurrency, which has come under attack by regulators.
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France Warns It Will Block Development Of Facebook's Libra Cryptocurrency
France warned on Thursday it will block development of Facebook's planned Libra cryptocurrency in Europe because it threatens the "monetary sovereignty" of governments.
-
Facebook Called Before US Senate Panel Over Digital Currency Project
Facebook's plans to create a global cryptocurrency will face scrutiny from the US Senate Banking Committee on July 16, the latest sign that policymakers around the globe are casting a wary eye on the project.
