2020-2-20 23:03 |
The European Union is still trying to figure out what to do about Libra, according to a new memo.
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Facebook’s CEO defended the Libra project, pointing out that innovation is key to empowering users.
2019-10-23 14:39 | |
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Following the news that PayPal, MasterCard, Visa, eBay, and Stripe pulled out of Facebook’s foray into the crypto asset space, Booking Holdings Inc. has also withdrawn from the Libra project.
2019-10-14 23:00 | |
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Contrary to popular belief that the first pancake is always a bit tricky, it turns out that the first cryptocurrency remains popular and is becoming more and more popular. And competitive projects are significantly behind it or even fail.
2019-10-15 21:41 | |
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Facebook’s Libra initiative hit another roadblock prior launch after Libra associate companies including MasterCard, Visa and Stripe announced dropping out on October 9. While the decision was made after two Democratic Senators asked the the three banking giants to rethink their stance on Libra, speculation around the Senators’ being a threat clouded the crypto ecosystem.
2019-10-15 21:00 | |
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Facebook’s plan to launch Libra came under further pressure after its partners Visa, Mastercard, Paypal, and Stripe announced that they were leaving the digital currency project. And as it turned out, there was some political pushing involved.
2019-10-14 18:05 | |
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Following last week’s news that PayPal was backing out of the Libra Association, almost all of the payment firms initially linked to the project have now announced their departure. Over the weekend, news emerged that Stripe, Visa, Mastercard, Mercado Pago, and eBay have all abandoned Facebook’s beleaguered cryptocurrency, striking a blow to Mark Zuckerberg’s plans […] The post As Payment Firms Abandon the Libra Association, Who’s Next to Go? appeared first on Crypto Briefing.
2019-10-14 17:52 | |
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Facebook’s proposed Libra ‘cryptocurrency’ has run into further resistance, this time from a G7 taskforce. The group issued a report stating that ‘global stablecoins’, such as Libra, should not begin operation until proven safe and secure.
2019-10-14 14:00 | |
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The development of Libra has taken a blow after four online giants bowed out of the Libra Association. Stripe and Visa are moving away from the project to focus on their own core operations, but they’ve kept the door open for a possible return if regulatory headwinds clear, as reported by CNBC, October 11, 2019.
2019-10-14 13:13 | |
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Good morning forkers, it’s that time of the week again. It’s Hard Fork’s wrap-up of the weekend’s cryptocurrency and blockchain headlines you shouldn’t miss. Let’s get to it. 1. Facebook‘s “cryptocurrency” Libra is facing yet more challenges as Mastercard, Visa, eBay, payment system provider Stripe, and South American partner Mercado Pago have pulled out of the troubled project, The Financial Times reports.
2019-10-14 11:40 | |
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Recently, Stripe, Mastercard, Visa, and eBay left Facebook’s cryptocurrency project Libra, taking this exodus tally to 5, when just a week back PayPal left the Libra Association too. In June, the social media giant unveiled its plan for Libra, announcing its intent to roll out the international digital currency next year. The company said the […]
2019-10-14 02:27 | |
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Facebook’s attempt to launch a fiat backed stable cryptocurrency has for all purposes failed as many of the founding corporations back out. Mastercard, Visa, eBay and Stripe, have joined PayPal.
2019-10-13 21:20 | |
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Facebook’s Libra cryptocurrency has been a hot topic within the FinTech community and regulators from the world’s powerful economies. Recently, the project suffered setbacks after major partners like PayPal, Visa and Mastercard considered opting out of the Libra Association.
2019-10-12 18:37 | |
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Most payment companies have now pulled out of Facebook’s Libra project. Visa, Mastercard, Ebay, and Stripe have followed Paypal in dropping out of the project amid regulatory concerns. The Libra Association has responded to the exodus of these companies.
2019-10-13 18:05 | |
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Coinspeaker After Paypal, Mastercard, Visa, Stripe and eBay Abandoned Facebook’s LibraMastercard, Visa, eBay, Stripe and Mercado Pago have all pulled out of the Facebook-led Libra Association following PayPal, which pulled its own support of the project earlier this week.
2019-10-12 10:59 | |
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Coinspeaker After PayPal, Mastercard, Visa, Stripe and eBay Abandoned Facebook’s LibraMastercard, Visa, eBay, Stripe and Mercado Pago have all pulled out of the Facebook-led Libra Association following PayPal, which pulled its own support of the project earlier this week.
2019-10-12 10:59 | |
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Initially a 28 corporate-member project, Facebook’s Libra Association recently saw the likes of eBay, Stripe, Mastercard, and Visa leave the project. The aforementioned four parties announced their decision to back out on Friday, October 11, 2019, a week after PayPal abandoned the ship! As reported by CNBC, the former members have since argued that this […]
2019-10-12 02:01 | |
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Visa, EBay, Stripe and Mastercard are dropping out of Facebook’s cryptocurrency project Libra
2019-10-13 00:48 | |
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Wow. Within the span of an hour or two, reports have revealed that Facebook’s crypto project, Libra, suffered some heavy blows. It first started on Friday morning, with the Financial Times revealing that both eBay, the e-commerce/online marketplace giant, and Stripe, a fintech giant, have dropped out of the Libra Association.
2019-10-12 23:45 | |
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United Kingdom’s central bank, Bank of England, has announced a raft of rules that Facebook’s Libra crypto must adhere to if it wishes to launch in UK. In its October Financial Policy and Summary released by the bank’s Financial Policy Committee, BoE stated that it discussed innovative explorations within the financial and payment sector. As […]
2019-10-10 23:09 | |
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The central bank has finalized principles the Facebook-led cryptocurrency project must adopt before a U.K. launch.
2019-10-10 17:00 | |
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The Bank of England‘s (BoE) Financial Policy Committee (FPC) has laid down a set of rules that Facebook‘s Libra and other cryptocurrencies must follow if they are to be launched in Britain. While some question if Facebook’s ‘cryptocurrency’ Libra will ever launch, the BoE‘s FPC did recognize its potential to becoming an “important payment system,” City AM reports.
2019-10-9 15:12 | |
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Facebook’s Libra has garnered a lot of attention from almost every corner of the world, mostly from regulators who are freaking out about Libra’s possibilities and its effects on government monetary policies.
2019-10-9 10:31 | |
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Following the deep price drops which closed out the month of September, October started with a quiet, middling week of trading activity. In the wider ecosystem, the Bitfinex/Tether group appears to be readying themselves for major lawsuits around claims of market manipulation, while payment processing giant Paypal says it will leave the Libra blockchain consortium.
2019-10-8 14:00 | |
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Welcome, it’s time for Moonday Mornings. If you don’t know what it is, where have you been? It’s Hard Fork’s wrap-up of the weekend’s top cryptocurrency and blockchain headlines. Take a look.
2019-10-7 11:52 | |
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In this week’s Hodler’s Digest, PayPal pulls out of Libra, crypto markets struggle to recover, and Mark Cuban really doesn’t like Bitcoin
2019-10-7 21:56 | |
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Facebook’s ambitious financial inclusion project, Libra, continues marching forward in spite of mountainous regulatory obstacles, but key members of the Libra Association are having doubts and dropping out.
2019-10-6 13:05 | |
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Facebook’s ambitious crypto project Libra is running out of steam as it gets hounded by regulators and governments around the world. The social media giant was dealt another blow yesterday when major project partner PayPal announced that it was jumping ship, but the Coinbase boss thinks the US should reconsider its negative stance.
2019-10-5 09:00 | |
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The Libra Association and the whole existence of Facebook’s Libra project took a pretty strong hit today. PayPal has just officially withdrawn from the Libra Association. We reported earlier today that PayPal was thinking about leaving due to regulatory backlash and it seems that it finally happened. Now, a spokesperson from PayPal affirmed that the […]
2019-10-5 01:52 | |
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A petition to ban ‘Facebook money’ posted on WeMove. EU has garnered some 50,000 signatures out of 75,000 needed. The petition is being done in partnership with the NGO, Finance Watch.
2019-10-5 18:34 | |
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It is no longer the governments, lawmakers, and regulators who have an issue with Libra and its development as a privately-issued digital currency; Apple CEO Tim Cook has now also weighed in with his thoughts.
2019-10-4 13:20 | |
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Facebook’s ‘cryptocurrency’ Libra is reportedly on the verge of losing another one of its partners after Paypal pulled out of a key meeting in Washington on Thursday. According to the Financial Times, all 28 supporters of Facebook’s digital currency project were set to meet and discuss the ways in which Libra could overcome scrutiny from regulators.
2019-10-4 11:10 | |
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Facebook’s crypto-project Libra has been battling it out with regulators from around the world, with the ones in the United States being especially vocal about their concerns. In a series of new developments, the U.
2019-10-4 09:47 | |
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PayPal might pull out of the Facebook-led Libra project, according to a Financial Times report.
2019-10-4 01:00 | |
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After months of dealing with regulators from across the world and coupled with constant criticism from the community, social media giant Facebook had announced the almost certain postponement of its crypto-project, Libra.
2019-10-3 10:15 | |
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David Marcus, the man in charge of getting Facebook‘s controversial ‘cryptocurrency‘ Libra off the ground, has fired back at a Wall Street Journal (WSJ) report that claimed MasterCard, one of the project‘s backers, was thinking about potentially pulling out.
2019-10-2 20:06 | |
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Coinspeaker Visa, Mastercard and Other Major Libra Backers Want to Pull Out from the DealFacebook's Libra is facing many regulatory challenges that have made institutional backers like MasterCard, Stripe, PayPal, and Visa lead several other potential partners in casting their doubts about the project.
2019-10-2 14:01 | |
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Facebook’s cryptocurrency Libra has been in hot water ever since the social media giant released the whitepaper earlier this year. Central banks and governments across the globe have put together a concerted effort against Libra, putting Facebook executives in the dock time and again as they fear that the social media giant is out to […] The post Facebook Crypto Libra Crumbling as Visa, Mastercard Consider Quits: Report appeared first on CCN.com
2019-10-2 11:06 | |
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Major Libra backers are backing out of the Facebook-led cryptocurrency effort, according to a WSJ report.
2019-10-2 04:51 | |
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Although John McAfee has managed to distance himself away from the U. S. government, he is one of the most active crypto advocates present in the space. Staying true to his beliefs, McAfee featured in another interview to discuss freedom and how Facebook’s Libra initiative goes against this thought.
2019-9-28 21:00 | |
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Cryptocurrencies were finally seeing some respite… until a new plunge pushed the leading crypto back under $8,000. The market followed BTC with losses in the 5% range for most top cryptos. Notably, Stellar (XLM), IOTA and Tezos (XTZ) have posted gains at around 5%, while the rest of the market has largely maintained the same […] The post Market Commentary: Bitcoin Price Strikes Out Again As Regulators Spook Libra appeared first on Crypto Briefing.
2019-9-26 19:08 | |
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Following a rousing presentation from David Marcus - the head of Facebook's Libra - Coinbase CEO Brian Armstrong has come out in support of the developing cryptocurrency. Libra is often depicted as a pretty divisive and maligned project.
2019-9-27 16:00 | |
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Lukka, Theorem & Hashdex establish daily NAV reporting for crypto assets - CryptoNinjas Blockchain technology and data services provider, Lukka (previously known as Libra), today announced a new collaboration with Theorem Fund Services and Hashdex that provides same-day net asset value (NAV) reporting for digital assets.
2019-9-26 00:38 | |
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Facebook’s Libra, which is gunning to launch in 2020 despite major pressure from regulators world over, has lifted the lid on its crypto-project and revealed the fiat currencies that would constitute Libra’s ‘basket of reserves.
2019-9-21 12:00 | |
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Facebook executive David Marcus, has come out to debunk reports about the Libra cryptocurrency being a threat to sovereign currencies, in a thread on September 16, 2019. Working With, Not Against There have been reports that Facebook’s cryptocurrency, libra, was created to threaten sovereign currencies of nations.
2019-9-17 20:32 | |
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Facebook set the cat among the pigeons earlier this year when it revealed its cryptocurrency project – Libra. CEO Mark Zuckerberg scared the living daylights out of governments and private corporations alike with his ambitious project that aims to make sending money “as easy as sending a photo,” so it is not surprising to see […] The post Remittance Ripoff PayPal Will Die Where Facebook’s Libra Succeeds appeared first on CCN.com
2019-9-17 16:50 | |
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The head of Facebook's Calibra has spoken out to "debunk" allegations that the Libra project poses a threat to nations' fiscal sovereignty.
2019-9-16 16:04 | |
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So the first foolhardy participants have started to gather ahead of the Storm Area 51 event that 3. 5 million Facebook followers are apparently going to. Whilst it doesn’t take a technical analyst to predict how badly that is likely to turn out, they can be quite useful for looking at Bitcoin price.
2019-9-15 14:00 | |
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Facebook’s Libra Coin has been all over the news the past few months as more tech giants invest in the network. However, many people in the cryptocurrency community are skeptical about the new stable coin, saying that Libra doesn’t have the properties that made Bitcoin what it is today.
2019-9-15 12:00 | |
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As more and more astronomical objects make their way in the crypto-sphere, Facebook’s Libra is still waiting out to check all the boxes before it hits the market as a ‘global currency’.
2019-9-12 13:00 | |
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Ethereum stablecoin users transferred billions to centralized exchanges following the results of the 2024 U.S. presidential race.
The two leading stablecoins are seeing increased inflows into centralized exchanges, suggesting a potential buying spree. According to data provided by IntoTheBlock, Tether (USDT) saw its exchange net flows rise from a net outflow of $43 million on Nov. 2…
Paxos issued a new stablecoin, the Global Dollar (USDG), which is legally compliant with Singapore’s monetary laws. Unlike other legally compliant stablecoins, USDG will distribute a large portion of the interest earned on reserves to market participants that help propagate the stablecoin network.
Circle plans to bolster its foothold in Southeast Asia, with Hong Kong’s stablecoin roadmap incentivizing the firm’s proposed business expansion.
BitGo has appointed Ben Reynolds, former president of Silvergate Bank, as managing director to lead its stablecoin USD Standard. Global crypto custodian firm BitGo announced Reynolds’ appointment to oversee the growth and global adoption of its recently launched USD Standard…
Stablecoin issuer Paxos has announced a new token dubbed “Global Dollar” that is “substantively compliant with MAS’ upcoming stablecoin framework.” Digital assets company Paxos has launched a new stablecoin, Global Dollar (USDG), designed to meet stringent compliance standards set by…
Agora’s AUSD, a stablecoin backed by VanEck and held by State Street, now powers cross-market liquidity on the Injective blockchain. Injective (INJ) has added support for AUSD, a U.S. dollar-pegged stablecoin issued by crypto startup Agora, marking a significant step…