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Facebook’s Libra cryptocurrency project has failed in its current form, says Swiss president

27 December, 2019 by cryptonews
Facebook’s Libra cryptocurrency project has failed in its current form, says Swiss president

Facebook’s Libra project has failed in its current form and needs reworking to be approved, said the president of Switzerland where the cryptocurrency is seeking regulatory consent. “I don’t think (Libra has a chance in its current form), because central ban…

Categories General NewsTags Facebook's, Libra

Facebook’s Libra code chugs along ignoring regulatory deadlock

16 November, 2019 by cryptonews
Facebook’s Libra code chugs along ignoring regulatory deadlock

“5 months and growing strong” the Libra Association announced today in an post about its technical infrastructure that completely omits the fierce regulatory backlash to its cryptocurrency. 40 wallets, tools, and block explorers plus 1,700 Github commits hav…

Categories General NewsTags Facebook's, Libra

Facebook’s David Marcus Sells Libra as a Currency, Because Bitcoin Apparently Isn’t

7 November, 2019 by cryptonews
Facebook’s David Marcus Sells Libra as a Currency, Because Bitcoin Apparently Isn’t

Facebook Libra lead David Marcus doesnt believe bitcoin is a currency.Its volatility keeps it from becoming a currency, he explained.Bitcoin is more aking to digital gold, according to the Facebook executive.Facebooks crypt…

Categories CryptocurrenciesTags David, Facebook's

Governments race to beat Facebook’s cryptocurrency at its own game: Don Pittis | CBC News

4 November, 2019 by cryptonews
Governments race to beat Facebook’s cryptocurrency at its own game: Don Pittis | CBC News

Facebook’s scheme to create its own money in the form of the libra digital coin has set off a global race to beat the social media colossus at its own game, and Canada may be an important player. Since the initial mild reaction from U.S. Federal Reserve chai…

Categories General NewsTags Facebook's, Governments

Facebook’s David Marcus on Libra launch, partners backing out

18 October, 2019 by cryptonews
Facebook’s David Marcus on Libra launch, partners backing out

WASHINGTON, DC — Facebook’s ambitious plan to launch a new digital currency, known as Libra, seemingly began to unravel earlier this month when several of its founding members — including major players in the personal finance and payments industries like Visa…

Categories General NewsTags David, Facebook's

Facebook’s David Marcus on Libra launch, partners backing out

18 October, 2019 by cryptonews
Facebook’s David Marcus on Libra launch, partners backing out

WASHINGTON, DC — Facebook’s ambitious plan to launch a new digital currency, known as Libra, seemingly began to unravel earlier this month when several of its founding members — including major players in the personal finance and payments industries like Visa…

Categories General NewsTags David, Facebook's

Facebook’s Libra cryptocurrency faces new hurdle from G7 nations

18 October, 2019 by cryptonews
Facebook’s Libra cryptocurrency faces new hurdle from G7 nations

LONDON/WASHINGTON (Reuters) – Facebook’s plans to launch its Libra cryptocurrency faced a new hurdle on Thursday when the Group of Seven wealthy nations said such “stablecoins” should not be allowed to launch until the profound international risks they pose a…

Categories General NewsTags Facebook's, Libra

Facebook’s Libra chief David Marcus defends the cryptocurrency project

16 October, 2019 by cryptonews
Facebook’s Libra chief David Marcus defends the cryptocurrency project

Facebook is on the defensive after a swathe of major firms abandoned the Libra cryptocurrency project in the past week. In an interview with Yahoo Finance, Facebook’s Libra head David Marcus defended the feasibility of the project, insisting that Libra was “…

Categories General NewsTags Facebook's, Libra

Facebook’s Libra chief David Marcus defends the cryptocurrency project

16 October, 2019 by cryptonews
Facebook’s Libra chief David Marcus defends the cryptocurrency project

Facebook is on the defensive after a swathe of major firms abandoned the Libra cryptocurrency project in the past week. In an interview with Yahoo Finance, Facebook’s Libra head David Marcus defended the feasibility of the project, insisting that Libra was “…

Categories General NewsTags Facebook's, Libra

If Facebook’s libra doesn’t take off, China is racing to launch a global cryptocurrency that could

15 October, 2019 by cryptonews
If Facebook’s libra doesn’t take off, China is racing to launch a global cryptocurrency that could

A visual representation of a cryptocurrency coin on display in front of the logos for Facebook and Libra. Facebook’s cryptocurrency plans looked shaky this week after a handful of high-profile members bowed out of the project. But while libra slowly gets off…

Categories General NewsTags Facebook's, Libra
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