Business 16 October 2019

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 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

Tether, Bitfinex sued for creating the “largest bubble in history”

But the latest revelations that have surfaced over the past several months have certainly put the companies in a harsh light.

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 4 October 2019

New York attorney general keeps pressure on Bitfinex despite court-granted stay

In a letter written by senior enforcement counsel John Castiglione, the NYAG said the courts should not allow Bitfinex to continue to blank the investigation.

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 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.

Business 26 September 2019

Why Facebook Libra is built on blockchain

Dave Marcus has explained the reasoning behind Facebook’s choice to develop Libra on blockchain instead of traditional banking systems.

Business 26 September 2019

PBoC dismisses talk of ‘imminent’ China cryptocurrency launch

The governor of the People’s Bank of China, Yi Gang, doused any further speculation, saying China’s cryptocurrency project did not “have a timetable.”