David Gerard: The birth pangs of Facebook’s crypto project
A staunch critic of Silicon Valley, writer and journalist David Gerard offers a stinging critique of Facebook’s cryptocurrency project.
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Facebook Libra rebrand draws legal and political ire
Facebook has been threatened with legal action after rebranding its Libra stablecoin to “Diem,” following objections from a finance startup with the same name.
The CoinGeek Pulse Episode 23: Libra is now Diem, Douglas Rushkoff makes Streamanity debut, Royal family reacts to Bitcoin
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’s Libra launching in 2021 and Libra Association changes its name
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
Facebook fined $6.1M in South Korea for sharing user data without consent
South Korean authorities have been investigating Facebook since 2018 following the Cambridge Analytica scandal, according to reports.
Facebook Libra taps ex-OCC exec as lead counsel
The Libra Association has announced Saumya Bhavsar as the general counsel for its payment subsidiary, Libra Networks.
BIS: Regulation could be embedded in stablecoins
The Bank for International Settlements (BIS) has said regulation could be embedded into private global stablecoins, such as Facebook’s Libra.
G7: Facebook’s Libra must not launch until it’s properly regulated
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.
Libra replaces general counsel with ex-Homeland Security chief
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.
The CoinGeek Pulse: Episode 8
Facebook returned to its financial ambitions this week, while Goldman Sachs sounded a positive note on digital currencies.
Libra co-founder spearheads Facebook’s ‘all things payments’ group
Facebook Financial—to be known internally as F2—aims at making the social media giant a big player in the payments industry.
Facebook, Google face $300B lawsuit over digital currency ad ban
The tech giants are facing a possible $300 billion class-action lawsuit over their decision to ban digital currency ads.