Tag Archives: Libra

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 create a parallel financial system. But the greatest threat that could derail Facebook’s cryptocurrency project probably lies within. The Libra Association, a...

Facebook has been having a tough battle dealing with regulators and government agencies since the launch of its Libra cryptocurrency. In the recently leaked audio recordings obtained by The Verge, Mark Zuckerberg threatens to take the U.S. government to the courts if the Democratic Party presidential candidate Elizabeth Warren comes to power and tries to break big companies like Facebook into smaller entities.Note that breaking Big Tech is one of the major promises of Elizabeth Warren’s...

Facebook’s Libra is getting some criticism from an unlikely source: Ripple’s Marcus Treacher.Treacher: Libra’s Got to Open Up a BitTreacher is the company’s senior vice president of customer success. According to an interview he did with CNBC his primary complain is that Libra will be a “closed system” or a “walled garden” as he calls it.This basically means that Libra will be largely controlled by a team of executives. The power will not be in the hands of the people who use it, but in those...

Facebook will get yet another chance to try to win over the support of US lawmakers with regards to its Libra cryptocurrency project and other matters next month. According to Bloomberg, the social media giant’s Chief Operating Officer Sheryl Sandberg will testify before the U.S. House of Representatives possibly in late October. Sandberg’s visit to Capitol Hill will be coming weeks after the co-creator of Libra David Marcus met with lawmakers to shed more light on tech company’s...

If you think bitcoin is having a hard time this week, talk to Mark Zuckerberg about Libra and you’ll probably think bitcoin isn’t doing so bad. Libra Encounters More DelaysAt press time, bitcoin is trading for just under $7,900, meaning it’s crashed even harder over the past 24 hours. Marcus Swanepoel, the chief trader of bitcoin and its crypto cousins at Luno, says that this behavior is pretty much affecting every major cryptocurrency on the market, and that the trends are not specifically...

Marcus Treacher, a senior executive at blockchain cross-border remittance giant Ripple is seemingly kicking-off a modern “cola war” with their emerging rival Libra, Facebook’s controversial cryptocurrency. Treacher, the head of Ripple’s strategic accounts globally, criticized the so-called Facebook cryptocurrency for being “a walled garden.” The executive stressed that only a handful of big players, including Facebook, Visa, MasterCard, Uber, and PayPal, practice excessive control over...

Libra Association Managing Director Bertrand Perez said on Friday that the Facebook’s cryptocurrency Libra, that should be launched by a Geneva-based association next year, is not intended to replace existing currencies. He said:“We are not in the area of implementing any monetary policy with the (Libra) Reserve.”This confirms what Libra’s CEO David Marcus was speaking back in July at the hearings when he kept stressing that Libra is not an investment and it doesn’t want to conquer the...

A rather inspiring presentation from the head of Facebook’s Libra David Marcus seems to have inspired someone else as well and neither more nor less – Coinbase CEO himself. Yes, you’ve heard it right, Brian Armstrong came out as a real supporter of this, still developing stablecoin.The thing is that Libra is often represented as a project that carries labels such as “alienating”, “controversial” or even “poisonous”. Even though it still hasn’t come out at the light of the day, it has already...

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. It's not shocking to think that a cryptocurrency with plans of financial domination - emanating from a company with a checkered past of privacy problems - has regulators and citizens up in arms. Nonetheless, Libra now has at least one supporter, Coinbase's CEO...

Foto: Facebook Zürich Seit 2016 unterhält Facebook eine Niederlassung in Zürich. Die derzeit 80 Mitarbeiter dort arbeiten vor allem in den Bereichen „Augmented & Virtual Reality“. Nun will Facebook in Zürich deutlich expandieren. Die Mitarbeiterzahl soll sich mehr als verdoppeln und man will dort nun vermehrt auch im Vertrieb tätig sein. Das teilte Tino Krause, der Chef...