A staunch critic of Silicon Valley, writer and journalist David Gerard offers a stinging critique of Facebook’s cryptocurrency project.
Facebook has been threatened with legal action after rebranding its Libra stablecoin to “Diem,” following objections from a finance startup with the same name.
In this week’s Pulse episode, we have the latest in cyberspace and Queen’s Elizabeth’s reaction after getting a blockchain journal in the mail.
Facebook will be launching the first Libra-issued digital asset in early 2021, it will be a stablecoin backed 1 to 1 with the US dollar
South Korean authorities have been investigating Facebook since 2018 following the Cambridge Analytica scandal, according to reports.
The Libra Association has announced Saumya Bhavsar as the general counsel for its payment subsidiary, Libra Networks.
The Bank for International Settlements (BIS) has said regulation could be embedded into private global stablecoins, such as Facebook’s Libra.
Financial regulators in the world’s seven biggest economies will continue to oppose the launch of Facebook’s digital currency Libra until proper regulations are in place.
Stevan E. Bunnell, former general counsel for the U.S. Department of Homeland Security, has taken up post as Facebook Libra’s chief legal officer.
Facebook returned to its financial ambitions this week, while Goldman Sachs sounded a positive note on digital currencies.
Facebook Financial—to be known internally as F2—aims at making the social media giant a big player in the payments industry.