A new report by the G7 member countries has taken a hardline stance against Facebook Libra as they saw such digital currencies posing risks to the global financial system. According
Visa, Mastercard, eBay and Stripe Quit Facebook Libra
Facebook Libra continues to be plagued by troubles. Mastercard, Visa, eBay and Stripe have become the latest big names to walk out of the Facebook Libra Association. Earlier this week,
Mark Zuckerberg to Testify Before Congress Over Libra
Facebook CEO Mark Zuckerberg will face the heat from US regulators once again over Libra later this month. The House Financial Services Committee has announced that Zuckerberg will testify before
PayPal Withdraws Support From Libra
In what will come as a massive blow, US payment services PayPal announced that it was pulling out of Facebook’s cryptocurrency project, Libra. After weeks of whispers and rumours, PayPal
Apple Will Not Create its Own Digital Currency: Tim Cook
Tech giant Apple has no intention to follow Facebook’s footsteps. In an interview with French magazine Les Echos, Apple CEO Tim Cook stated that Apple had no plans to launch
Facebook Libra Association Members Reconsidering Involvement in the Project?
Payment companies that are part of the Libra Association are suddenly not sure about Facebook’s first crypto initiative. According to the Wall Street Journal, Visa, Mastercard and a few other
Central Bank Digital Currencies will be Available in 2-3 Years: ING Chief Economist
Dutch bank ING’s Chief Economist Mark Cliffe has said that central banks across the globe will develop digital currencies in the next 2-3 years. Cliffe presented his thoughts in a
Libra Has No Official Launch Date Yet
Ever since social media giant, Facebook announced that it was all set to launch its own cryptocurrency project, Libra, the company has been slammed with one controversy after the other.
Facebook Reveals Percentage Breakdown of its Libra Cryptocurrency
According to German newspaper Der Spiegel, Facebook has revealed the percentage breakdown of its Libra cryptocurrency. Libra is a cryptocurrency backed by a basket of fiat currencies. While it is
Wall Street Banks Creating Something Worse Than Libra: Anthony Pompliano
With Libra facing regulatory issues and never-ending criticism, it has found unlikely support in Anthony Pompliano, who is the co-founder and partner at Morgan Creek Digital. Taking to Twitter, Pompliano
