facebook cryptocurrency News and Articles


Mark Zuckerberg

Zuckerberg says Libra won’t launch until the US approves it

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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 Libra

Facebook warns Washington: Beijing will win if Libra fails

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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...

Mastercard and Visa

MasterCard and Visa are leaving Facebook’s Libra project

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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...

Libra Paypal Facebook

PayPal didn't attend Libra Association meeting

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Representatives of the payment company PayPal did not attend a meeting with members of the Libra Association in Washington, where they discussed a strategy for cooperation with regulators amid fierce criticism of the project. According to sources in the Financial Times, only PayPal was not present...

Sheryl Sandberg

Facebook wants Sandberg to testify to the House next month

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Facebook negotiates with a key congressional committee for Chief Operating Officer Sheryl Sandberg to testify as soon as next month amid topics about the corporation’s market control and its programs of launching a digital currency Libra. Facebook expects that Sandberg is going to appear at a...

Obstacles of Facebook grow rapidly. Germany is against Libra

Obstacles of Facebook grow rapidly. Germany is against Libra

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Europe’s resistance to Facebook's proposed cryptocurrency grows, as Germany describes its position. After the cabinet approved the government’s blockchain approach, it announced that this technology has fabulous potential but it doesn’t mean that it must be applied for building new private...

Libra will be tied to USD, EUR, JPY, but probably not CNY

Libra will be tied to USD, EUR, JPY, but probably not CNY

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Facebook announced the primary basket of currencies. The corporation declared to US senators that Libra is going to be pegged to US dollar, euro, Singapore dollar, British pound and yen. Mark Warner, Virginia Democratic Senator is warned that China can drive the Libra Association to add yuan in the...

Vestager says Libra rouses EU antitrust interest

Vestager says Libra rouses EU antitrust interest

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EU Competition Commissioner Margrethe Vestager said that Libra digital currency is going to be a centre for antitrust and economic governors soon, affirming an early-level examination into how the modern payment system is going to run. Vestager informed journalists in Copenhagen that from both...

US regulators are still concerned about Libra

US regulators are still concerned about Libra

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The US House Financial Services Committee representative declared on July 25 that Facebook purposes about developing a digital currency are still bothering her even after meeting the officials in Switzerland. Maxine Waters stated that she appreciates the time that administration of Switzerland...

Mark Carney thinks that Libra-like currency can replace USD

Mark Carney thinks that Libra-like currency can replace USD

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Governor of the Bank of England Mark Carney proposed a modification of the global economic system. He suggested replacing USD with a Libra-like digital currency. During his speech at the Federal Reserve’s yearly symposium, the governor announced that a currency like Facebook’s Libra may replace...

Facebook safeguards Libra token ahead of Congressional inspection

Facebook safeguards Libra token ahead of Congressional inspection

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Lawmakers have a very sceptical attitude to Facebook’s coin. So the team of Facebook was concerned about this and announced that the company wants to create a means of cheap and secure payments around the world. David Marcus announced that they understand the big idea may take a lot of time and...

After struggling with Apple Pay, banks prefer to stay on sidelines for the Facebook coin

After struggling with Apple Pay, banks prefer to stay on sidelines for the Facebook coin

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Banks of the US may prefer to stay onside from Facebook’s cryptocurrency. The Libra Association is making conversations with various lenders all over the world for joining their ranks, but the banks are still staying away from this idea after being a witness to a costumers' reaction to Apple Pay...

As the rumours about Facebook’s coin launch are thickening, MoneyGram and Ripple finally became partners

As the rumours about Facebook’s coin launch are thickening, MoneyGram and Ripple finally became p...

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Yesterday was the day when a long-awaited partnership has become real. Riplle Inc. declared that now they’re partners with MoneyGram. Is this because Facebook decided to launch the coin these days? As the blockchain firm says itself, this partnership is going to make MoneyGram become a user of...

Facebook's cryptocurrency project

Facebook is going to launch its cryptocurrency project this month

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The launch of Facebook’s crypto project can happen already this month. At the same time, employees of the company will be able to receive their salaries in the new currency, as it was noted by "The Information". According to the publication, Facebook also plans to launch “physical...

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