Facebook‘s Libra has been fraught with controversies. From partners withdrawing from the Libra association to Senate hearings on the project, questions like ‘When’s the project launching’, ‘Is it even launching’, ‘Will it really bank the unbanked’, have been left unanswered. In a recent podcast, Joe Lallouz, CEO of Bison Trails and a founding member of Libra […]
Project will government-backed currencies like the US dollar and Euro
The internet has given everyone access to the world’s information, and democratised access to free communications, but money has stayed…
One of the less charming aspects of Facebook is its executives’ total inability to read the room. For example, any sensible company under Facebook’s recent level of scrutiny would take the contrite and humble approach — pausing most…
Highlights: Facebook’s Libra project could be overhauled to accept multiple coins The move is designed to appeal to reluctant US regulators and rebuild
The cryptocurrency project is reportedly lowering its expectations. Now what?
The pressure from the regulator on Facebook’s potential cryptocurrency project Libra has pushed the social media giant to alternate its plans. A recent
The firm had hoped to revolutionise payments with a single digital currency.
Shopify is the newest member of Facebook’s Libra Association. In a press release, Shopify said it is all part of the company’s mission, it said “We spend a lot of our time thinking about how to make commerce better in parts of the world where money and banking could be far better.” Yahoo Finance’s Dan Roberts breaks down the details about this and the overall state of cryptocurrency.
Regulators in the European Union are reportedly struggling to decide how best to regulate Facebook Libra and the wider sector.
A Libra scam has appeared on Twitter to conduct a fake initial coin offering (ICO) of its coin LIBT. The account has existed on Twitter since 2018, but data from Etherscan has shown that the ERC20 …
In a recent interview the former president of Hedera Hashgraph said that the stablecoin Libra has the potential to bring about a complete shift in the power sta