Facebook’s Libra Will Work Better if it’s in IMF Custody

A former head of China’s central bank has come out to say that Facebook’s Libra would be better served under the control of the International Monetary Fund (IMF). Facebook’s proposed digital payment platform continues to draw criticism from financial regulators…

Bitcoin Not a Currency According to Facebook’s Libra Lead

David Marcus, head of Facebook’s Libra project, doesn’t see Bitcoin as a form of currency, stating that it’s digital gold. Bitcoin Not a Medium of Exchange Marcus was speaking at the New York Times Deal Book Conference in the Big…

EU Might Issue Digital Currency In Response to Libra

The European Central Bank (ECB) might issue a public digital currency, Reuters reported on Tuesday, citing a draft document. The move is meant to counteract the influence of Libra, the upcoming stable coin developed by Facebook. EU to Ban High-Risk…

Libra: Should Zuckerberg Thank Xi for Creating FOMO?

Last week, Chinese President Xi Jinping praised blockchain while the congress passed a new cryptography law in a bid to develop a state-backed digital currency. Crypto enthusiasts expect that China’s revival will convert into a big hope for Libra amid…

Forget About Libra – You Can Now Send BTC Over Social Media

Who cares about Libra anyway? Block Matrix is one example of a company that is developing an app that lets users send BTC through their social media accounts (with the notable exception of Facebook). Startups Leverage Social Media Forget about…

Bitcoin-Rabid Japan Gleefully Cheers Facebook’s ‘Killer App’ Libra

Facebook’s plans to launch a cryptocurrency are an indication that blockchain technology has come of age and is ready for prime time, especially in Japan. According to the chairperson of the Japan Security Token Association, Go Masuda, Libra is blockchain’s…

Visa and Mastercard Run Away From Libra; Here’s the Real Reason

According to the Wall Street Journal, Visa and MasterCard are getting cold feet about helping build payment infrastructure for Facebook’s Libra project. The Wall Street Journal said that a number of financial partners were starting to back away from Libra…

Expect Facebook to Ramp up Lobbying Efforts to Get Libra Cryptocurrency Off the Ground

As Facebook continues in the effort to launch its Libra cryptocurrency, the social media giant is likely to rely more heavily on paid lobbyists and the persuasion powers of its senior executives. Mark Zuckerberg prefers closed-door approach In a leaked…

Visa And Mastercard Start To Get Cold Feet Over Facebook’s Libra

Visa, Mastercard, and other early Libra Association members are having second thoughts about their involvement with Facebook’s ‘cryptocurrency’. The change of heart follows widespread international regulatory concerns, according to a report in the Wall Street Journal. Libra Partners Reportedly Can’t…

Facebook Crypto Libra Crumbling as Visa, Mastercard Consider Quits: Report

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…