Facebook (FB.CX) News

They heard senators' voices. Facebook loses some chief partners, like eBay, Stripe, Visa and MasterCard. Regulators and lawmakers criticised the Libra project, which brought to thought will the project even persist? Before the opening meeting of Libra Association in Geneva, which is planned to be...

The head of the largest social network Facebook Mark Zuckerberg will testify before the Committee on financial services of the US House of Representatives. This was reported on the website of the department. Hearings on “studying the impact of Facebook on financial services and housing” will be...

After Facebook announced its plans about launching a cryptocurrency, it faced overwhelming scorn. And now everyone is sceptically tuned that the launch will be at the time Facebook has targeted. A crypto-futures exchange CoinFLEX is now offering derivatives that payout based on the likelihood will...

Representatives of the payment company PayPal did not attend a meeting with members of the Libra Association in Washington, where they discussed a strategy for cooperation with regulators amid fierce criticism of the project. According to sources in the Financial Times, only PayPal was not present...

Four payment corporations that have already joined to the Libra Association as originating members are hesitating on officially approving the crypto plan. Mastercard, Paypal, Stripe and Visa are troubled about their further contacts with governors, who have doubts about the Libra. Heads of these...

Facebook negotiates with a key congressional committee for Chief Operating Officer Sheryl Sandberg to testify as soon as next month amid topics about the corporation’s market control and its programs of launching a digital currency Libra. Facebook expects that Sandberg is going to appear at a...

Europe’s resistance to Facebook's proposed cryptocurrency grows, as Germany describes its position. After the cabinet approved the government’s blockchain approach, it announced that this technology has fabulous potential but it doesn’t mean that it must be applied for building new private...

Facebook is trying to defend Libra again. After several authorities announced about their concerns amid Libra currency, Facebook started to make things change. 1/ About monetary sovereignty of Nations vs. Libra:— David Marcus (@davidmarcus) September 16, 2019 The leader of the Libra project,...

Today on 16 September, Global governors are going to investigate Facebook about its Libra currency again. As it was reported, the hearings are amid worries from EU states over the dangers this digital coin can carry to economic resistance all over the world. Regulators from Bank of England, the US...

A senior US official in charge of combating terrorist financing announced on Tuesday, that even if Libra is based in Switzerland, it must comply with American anti-money-laundering standards for surviving. The undersecretary for terrorism and financial intelligence, Sigal Mandelker mentioned during...

Facebook announced the primary basket of currencies. The corporation declared to US senators that Libra is going to be pegged to US dollar, euro, Singapore dollar, British pound and yen. Mark Warner, Virginia Democratic Senator is warned that China can drive the Libra Association to add yuan in the...

A couple of extra lobbyists are selected by Facebook to support the corporation win over congressmen warnings to stymie the launch of its crypto coin. Head of Hollier Associates LLC William Hollier started lobbying for the social media giant on issues related to blockchain policy in late August. He...

As to JPMorgan Chase & Co. stablecoins which are built to bypass the massive changes of BTC and ETH, could break functioning normally in pressure periods. Joshua Younger said leaning on his analysis that the cumulative cost of all existing stablecoins is not surpassing $5 billion, the...

EU Competition Commissioner Margrethe Vestager said that Libra digital currency is going to be a centre for antitrust and economic governors soon, affirming an early-level examination into how the modern payment system is going to run. Vestager informed journalists in Copenhagen that from both...

Governor of the Bank of England Mark Carney proposed a modification of the global economic system. He suggested replacing USD with a Libra-like digital currency. During his speech at the Federal Reserve’s yearly symposium, the governor announced that a currency like Facebook’s Libra may replace...

The developers of the non-custodian crypto wallet ZenGo have implemented support for the digital currency Libra test network. At the moment users will be able to send and receive tokens of the Libra test network, however, developers warn that so far these funds have no real value. You can...

The founder of the Chinese technology giant Huawei, Ren Zhengfei, said that China should not wait until someone launches a digital currency like Libra. In his opinion, the state is always stronger than any Internet company. This was reported by the local media. "China is able to release its...

According to a survey conducted by CivicScience, the overwhelming majority of US residents do not inspire confidence in the upcoming digital currency, Libra. The survey involved 1799 adults in the United States. Only 2% of respondents said they trust the Libra project more than Bitcoin. It also...