Facebook Libra (LIBRA) News

Facebook-proposed Libra stablecoin is expected to release in January. As the Financial Times reported, after over a year's examination from international financial supervisors, Libra will launch in the form of a U.S. dollar-backed cryptocurrency. The publication cites three people who took part in...

Facebook has unveiled a new financial unit called Facebook Financial, which is going to be directed by the co-founder of the Libra blockchain project David Marcus. “Today, we are creating a new group that will monitor everything related to payments / financial services on Facebook,” said...

Pantera Capital's founding partner and CEO Orchid (OXT), Dr. Stephen Waterhouse, said the US government would never allow private companies to challenge the dollar. In an interview that was recorded before the head of Telegram, Pavel Durov, officially announced the abandonment of the TON...

Facebook does not plan to refuse to launch the stablecoin Libra in favor of a more traditional payment system. The press service of the organization denied a statement circulated by the media. Facebook representatives once again emphasized their commitment to the project: “Libra has not changed...

Libra Association partners are weighing reorganizing the project to soften the position of governors. For this, the project's model may be revised in favor of the inclusion of several coins in the network, including those created by central banks. Libra is projected to become a payment network that...

Tagomi, an American cryptocurrency broker, has joined the Libra Association, the institution responsible for generating the Libra digital currency project from Facebook's largest social network. “We're happy to become a member of Libra and share a common mission to expand financial inclusion. We...

British telecom Vodafone has become the eight corporation to quit the Libra Association. Both Libra Association and Vodafone affirmed the news on 21 Jan. Vodafone plans to give support earlier proposed for Libra to its well-organized and thriving digital payment service M-Pesa, which the...

Can this be the first step for Libra struggle? Facebook has revealed a new payments system which intends to make online money transfers more manageable. Facebook Pay is going to work across Facebook, WhatsApp, Messenger and Instagram, enabling users to send funds to their contacts and friends on...

Hearings of Mark Zuckerberg on Wednesday lasted six hours and supposed to be over Libra currency, but very soon they converted into a broad indictment of Facebook. Maxine Waters, the committee chairwoman said at the beginning of the hearings that she has studied numerous difficulties that the...

The CEO of Facebook is going to protect the Libra project before a congressional committee on October 23. He states that coin won’t issue until the US government confirms the project. Zuckerberg made remarks before the hearing in the House Financial Services Committee, where he mentions that the...

Facebook Inc. warns Washington that if the corporation’s plans for launching a cryptocurrency fail, it will be a huge win for China. David Marcus said in an interview that China is going ahead and trying to create a digital payment system with a worldwide reach and, at the same time, the US is...

David Marcus, who is a chief executive of Libra currency, said he doesn’t think that companies, which have left the project, have a fault. He is optimistic that various other corporations are going to join the project despite the enormous opposition from regulating institutions that are fearing...

Facebook's digital currency Libra has pushed central banks to reform their work. This was stated by the head of the Bank of Sweden Stefan Ingves, noting that the regulator is exploring the possibility of issuing its digital currency. In a conversation with CNBC, he called Libra “an incredibly...

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 author of the initiative to create an alternative version of the digital currency Libra incorrectly provided information about some of the project participants. So, representatives of Tendermint, Chainlink, Web3 Foundation and Hashed denied their participation in it, CoinDesk reports. Earlier...

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...

Two Senate Democrats are warning three payment corporations to review their membership in the Libra Association and involvement with the crypto project of the Facebook. Senator Sherrod Brown of Ohio and Senator Brian Schatz of Hawaii are sure that Libra is a threat not only to the worldwide economy...

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...