Libra news
- Temasek joined the Libra Association alongside Paradigm and Slow Ventures.
- The Libra Association is continuously revamping the Libra project to get regulatory approval.
- The association aims to launch the Libra stablecoin before the end of 2020.
Latest Libra news
The CEO of Facebook, Mark Zuckerberg, had implored the U.S House of Representatives last week, that America has to up its game in the league of digital assets in order to maintain its financial leadership and compete well with the likes of China that is already working diligently to digitalize its currency. Zuckerberg was called into the U.S Senate to testify and defend the recently announced Libra cryptocurrency project by Facebook. Libra Crypto...
Facebook has been under government scrutiny for its recently announced Libra cryptocurrency project and for potentially risking the consumer data at large. Mr. Mark Zuckerberg, the CEO of Facebook has been called to testify on Wednesday before the House Financial Services Committee. The CEO had previously cleared his stance that he wishes to highlight the potential of Libra cryptocurrency to the lawmakers, in sustaining America’s leadership...
The Libra Association, Facebook’s protégé that is working diligently to launch a new cryptocurrency by the second half of the year 2020, has been under scrutiny and excessive skepticism from the governments and regulatory authorities across the globe. While the government of France and Germany had previously announced their plans of blocking Libra operations within the territory of Europe, a recent consumer survey has highligh...
Facebook’s plan of launching its Libra cryptocurrency is once again threatened with major partners like MasterCard, Visa, eBay, and Stripe announcing their departure from the Libra Association. It has only been a week since PayPal declared that it no longer wishes to be a part of Facebook’s cryptocurrency project. While the project was initially backed by 28 partners, with the likes of Visa, eBay, MasterCard, and Stripe leaving the Li...
Facebook has been working on designing its Libra cryptocurrency for over a year now. The officials at Facebook have reported at numerous instances that the world should expect the launch of the digital currency in the second half of 2020. Facebook aims at introducing a cryptocurrency that wouldn’t only be openly traded in various applications under its name, such as Messenger and WhatsApp, but would also be internationally exchangeable. According...
Ever since Facebook announced its plan of launching its own cryptocurrency, “Libra”, there’s been much speculation about it. However, even before the plans have been realized, France has already announced recently that Libra will be blocked in France and supposedly on much of the European ground as well. France Vocalizes Its Concerns About Libra Cryptocurrency Mr. Bruno Le Maire, Minister for economy and finance in France forese...
Facebook’s (NASDAQ:FB) cryptocurrency plans pose risks to the international banking system, an organisation which represents the world’s central banks has warned. The comments come after the social media giant unveiled plans last week to launch a digital currency called Libra. Facebook’s share price rose on Friday, gaining 0.85 percent to close at $191.14. The shares have given up more than five percent of their value over the p...
Facebook’s share price (NASDAQ:FB) ended trading lower yesterday, with investors digesting the social network’s plans to launch a new digital currency. The company explained that people would be able to make payments with the cryptocurrency, called Libra, via its own apps, and on messaging service WhatsApp. Facebook’s share price shed 0.29 percent to close at $188.47 yesterday, underperforming the Nasdaq Composite which rallied 1.39 percent to en...