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Head of Calibra, the Libra cryptocurrency wallet, David Marcus, stated that bitcoin is a digital equivalent of gold and not to be considered as a currency. Per a report by CNBC on November 6, 2019, the Calibra Chief opined that…
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David Marcus, head of Facebook’s Calibra wallet spoke at the Money 20/20 conference about what Libra is trying to forge and their commitment to a ‘noble’ vision. The narrative that has recently been doing the rounds is that of Libra…
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There is less than a day for Mark Zuckerberg to formally provide testimony in front of the Congressional financial services committee. Facebook’s head honcho is preparing himself to vehemently defend Libra, but also to admit to Facebook’s past mistakes, according…
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David Marcus, the Facebook Inc. representative spearheading the Libra cryptocurrency project is hopeful that despite the recent jolts to the Libra Association, the ambitious digital currency initiative will attract more firms as regulatory uncertainties get clearer. This, according to a…
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The development of Libra has taken a blow after four online giants bowed out of the Libra Association. Stripe and Visa are moving away from the project to focus on their own core operations, but they’ve kept the door open…
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Two formidable messaging rivals meet yet again, but this time in a new arena. Facebook and Telegram are taking antithetical strategies when it comes to digital currencies. Facebook is consulting with regulators and holding their hands as they walk them…
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After several of the most powerful countries voiced their concerns regarding Libra, Japan has joined in on urging for a cooperative framework to mitigate the risks posed by Libra. Reuters reports events from a meeting between Bank of Japan officials and…
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Cameron and Tyler Winklevoss are brothers who are known for two things: their infamous dispute with Mark Zuckerberg and buying bitcoin at $8. In an interview with CNN, August 19, 2019, the brothers revealed they would be open to a partnership…
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Oki Matsumoto, President of Monex Group, a Japan-based financial services company backing the Coincheck cryptocurrency exchange, is interested in participating in Facebook’s Libra cryptocurrency project and has submitted an application to that effect, according to a Reuters Japan report on…
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While Mark Zuckerberg and his associates are busy brainstorming on how to put Project Libra in the good books of financial regulators across the globe before 2020, it appears the team may have much more work to do. The latest…
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A member of the British Parliament wants to probe Libra over concerns user data privacy. The news comes following similar legislative appearances before the U.S. Congress and adds to the growing negative sentiments around the project from across the globe.…
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Bank of Thailand (BOT) Governor, Veerathai Santiprabhob, has given his take on Facebook’s Project Libra, making it clear that the merits and risks of the digital asset still need to be studied extensively, reports local news source, Bangkok Post on…
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The CEO of America’s biggest bank, J.P. Morgan Chase, doesn’t believe it is worth losing sleep over Libra for the time being. Dimon is of the view that in the short term, Libra will have little to no effect on…
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Despite favorable regulation, Bank of Japan Deputy Governor Masayoshi Amamiya stated that digital currencies operators must comply with regulations on money laundering and risk management. The announcement was made in reference to the launch of Libra, the new global cryptocurrency…
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Members of the United States Congress have demanded in a letter that Facebook halts development of the Libra cryptocurrency as it poses a threat to the hegemony of the U.S. dollar. This call by the U.S. Congress is the latest…
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Adding to the swathes of problems and criticisms that have come since the release of the Libra whitepaper, Facebook’s crypto project. An anonymous developer has forked the Libra code and proposed a more privacy-oriented alternative. Subsequently the startup accused Facebook…
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