Libra (LBA) & Facebook

David Marcus, CEO of Facebook's Calibra digital wallet service would rather have the Libra Association take the lead, if only to avoid Congressional hearings. | Source: AP Photo/Andrew Harnik An attempt by the co-creator of Facebook’s cryptocurrency to “debunk” the notion that Libra will not threaten the sovereignty of nations has been greeted with skepticism on...

PayPal's days of high-commission and conversion fees won't go on for long. | Source: BigTunaOnline/Shutterstock 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...

As per the Financial Times report, members of the Libra Association will have a discussion today with 26 officials from global central banks as well as the Bank of England and the U.S. Federal Reserve. The discussions are likely to happen on the lines of Facebook‘s work on handling global regulations while maintaining absolute transparency and monetary security of Libra users.A European Central Bank’s (ECB) Executive Board member, Benoît Coeuré said that today’s meeting will be held in Basel,...

Photo: Ethereal / TwitterOn Sunday, the Ethereal Summit took place in Tel Aviv. The Summit is a global series of conferences focused on connecting leading companies and influencers shaping the future of blockchain. At the event, Ethereum founders Joseph Lubin and Vitalik Buterin were among the speakers. They commented on the development of the upcoming Ethereum 2.0 update and discussed possible collaboration with Facebook within their nascent cryptocurrency – Libra.Prospects of Ethereum...

Over two dozen central banks will question Facebook over its stablecoin crypto Libra in Switzerland today. | Source: Shutterstock Facebook is set to go through another round of extreme questioning as it goes ahead with the plans to launch its controversial cryptocurrency Libra. The tech giant will face representatives of twenty-six central banks, including the Federal...

It appears Libra doesn’t have that many fans. The new digital currency from Facebook is stemming controversy and dislike everywhere it goes, and now the European Central Bank (ECB) is taking what it deems to be necessary action by building its own national digital coin as a means of competing with it. Libra Just Can’t Find FriendsThis isn’t the first time a country (or in this case, continent) has emerged with a new digital currency to fight Libra’s alleged attacks. The first is China, who...

The Libra Association behind Facebook's cryptocurrency is confident in 2020 launch. | Source: Shutterstock Bertrand Perez, the general director of the Libra Association, has expressed confidence that Facebook’s stablecoin will launch during 2020. Speaking to French publication Les Echos, Perez indicated that while the Libra Association is expecting talks with...

Facebook’s Libra, even with all the regulatory hurdles it currently faces, is still going strong and forging ahead with its plans to launch the digital currency next year. A while back, Libra Exec David Marcus, after enduring several hours of questioning from the United States Congress, promised that the Libra will not be launched until all regulatory concerns have been met and satisfied. The head of the Libra Association, the outfit in charge of the Libra project, has iterated this, given a...

Frankreich will Facebook-Währung in Europa blockieren: Frankreichs Finanzminister Bruno Le Maire gibt der von Facebook geplanten Digitalwährung Libra derzeit keine Chancen auf Genehmigung in Europa Frankreichs Regierung will Facebooks Digitalwährung Libra europaweit blockieren. Aus Sicht des französischen Finanzministers Le Maire geht von der für das Jahr 2020 geplante Währung...

It seems that France decided to go rigorous on Facebook’s Libra by entirely blocking the development of it. When Facebook announced their Libra project in June this year, they called it a “global currency and financial infrastructure powered by a version of blockchain – the technology that underpins Bitcoin”.However, a lot of governments were really against even the idea and France was the harshest of them all. French Finance Minister Bruno Le Maire then called out on Libra saying it...