Tencent Admits Facebook’s Libra Is a Threat to WeChat Pay
Facebook’s Libra stablecoin would be a serious threat to WeChat Pay, the payment service’s parent company Tencent admitted in a recent blockchain…
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Libra
Visa and Mastercard join Stripe and PayPal in pulling out of Facebook’s Libra
Facebook has experienced substantial criticism over its plans to create a cryptocurrency system. Visa and Mastercard have announced their departure…
New Libra Fork Will Create Permissionless Stablecoin Free of Corporate Control
Thirty different blockchain companies and nonprofit organizations plan to fork the Facebook-led Libra crypto project to build their own…
PayPal becomes first member to leave Facebook’s Libra Association
U.S. payments processor PayPal said on Friday it was leaving Libra Association, the entity managing the Facebook-led effort to build global digital…
Central Banks to Meet With Libra Founders in Switzerland on Monday
Officials from the European Central Bank (ECB) and 25 global central banks will meet with Libra to assess the financial stability risks of the…
Libra Association’s Crypto Members Remain Unfazed by Regulatory Backlash
Since first being announced in June, Facebook’s proposed Libra cryptocurrency has drawn the ire of lawmakers and regulators worldwide. But, according…
Key Comments From Libra Hearing at US House of Representatives
The United States House of Representatives Financial Services Committee heard testimony from from Facebook’s David Marcus, today July 17. Marcus, the…
Australian Reserve Bank Official Advises Caution in Anticipation of Libra
Governor of the Reserve Bank of Australia (RBA), Philip Lowe, cautions that Facebook’s announced virtual currency Libra may not attain mainstream…
Facebook’s currency Libra faces financial, privacy pushback
Facebook is getting a taste of the regulatory pushback it will face as it creates a new digital currency with corporate partners. Just hours after…
Will Facebook’s Libra Be an On-Ramp or Dead End for Crypto?
Facebook’s announcement that it would create a stablecoin on a blockchain means more as a competitive answer to WeChat and Alipay’s payment services…