Business 4 hours ago

Facebook Libra a ‘catalyst for reform’: Swedish central bank chief

Stefan Ingves, governor of the Riksbank, described Facebook Libra as an “important catalytic event” in urging central banks to focus on their own crypto plans.

Business 15 October 2019

Facebook Libra forges ahead as council named and problems continue

Facebook is still chipping away at the rough stone that it hopes will eventually become a highly polished stablecoin project.

Business 14 October 2019

Facebook Libra finds ‘ray of immense hope’ amid despair

Since it was introduced, Facebook Libra has been the talk of the town for most of bad news than good one.

Tech 13 October 2019

This week in tech: SEC settles with companies, Libra in more problems and Tether charged

The week has had everything, from raising millions of dollars in funding, to regulators cracking down on fraudulent projects to adoption by major brands. Oh, and Libra sunk into more problems which led to its backers backing out.

Business 13 October 2019

A look back at the latest in the Facebook Libra saga

Zuckerberg will try once again to convince U.S. lawmakers that the project has merit and good intentions as support from allies falls apart.

Business 10 October 2019

From open letters to new regulation, Facebook Libra faces another tough week

Lawmakers in the United States have reached out to three major financial firms partnering with Facebook’s Libra project to urge them to reconsider their involvement.

Business 9 October 2019

New laws for Facebook Libra, crypto required in EU, officials says

With specific reference to Facebook Libra, commissioner Valdis Dombrovskis said the EU would require “a common approach” to regulating stablecoins and cryptocurrencies.

Business 8 October 2019

Facebook Libra launch delayed? You can start betting on it

CoinFlex is offering prediction futures on whether Facebook’s Libra cryptocurrency will actually launch next year or not.

Business 7 October 2019

Facebook Libra: PayPal pulls out, Congress demands Zuckerberg testimony

Libra is in big trouble as a fumbled congressional meeting, a petition, and a dropped partner spell big trouble for Facebook.

Business 3 October 2019

Facebook Libra backers having second thoughts as roadmap published

When Facebook first started talking about introducing a stablecoin, it spent copious amounts of time drumming up support from worldwide, established financial companies.

Business 30 September 2019

Facebook’s Libra isn’t out to replace existing money, Perez claims

Libra Association director wants you to know that the project doesn’t seek to overhaul the existing system. Rather, it aims to enhance it.

Business 27 September 2019

Facebook Libra may not launch in time after all

Founder and CEO Mark Zuckerberg said Facebook would “work through” the regulatory challenges before proceeding with the launch of Libra.