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Facebook's Libra
A wrap up of news covering the announcement of Facebook's cryptocurrency, Libra.
Collection
Last updated Jul 18, 2019
Finance chiefs from the world’s leading nations today voiced unanimous concern over the destabilising impact of Facebook’s Libra initiative on the world’s monetary system. “It poses serious d...
Cryptocurrencies
Adriana Hamacher
July 18, 2019July 18, 2019
3 min read
US Congressmen struck a notably more conciliatory tone toward Facebook than their Senate colleagues, going so far as to praise Bitcoin, and the broader cryptocurrency movement, as “unstoppable...
Ben Munster
July 17, 2019July 18, 2019
4 min read
On Tuesday, 700 old white men, and roughly three women, gathered in Congress to ask David Marcus, the executive behind Facebook’s Libra Project, how we can be sure its incipient digital curren...
Opinion
July 16, 2019July 18, 2019
7 min read
Tomorrow starts what David Marcus, head of Calibra, the crypto wallet subsidiary of Facebook, believes will be the “broadest, most extensive and most careful pre-launch oversight by regulators...
Business
Bailey Reutzel
July 15, 2019July 16, 2019
President Donald Trump is angry. And he’s taken to Twitter to let the world know how he feels, for a change. This time, cryptocurrency has got his goat—specifically, Bitcoin and Facebook’s Lib...
Guillermo Jimenez
July 12, 2019July 12, 2019
Federal Reserve Chairman Jerome Powell has had more time to think about Facebook’s Libra project and is now singing a much different tune. On Wednesday, Powell testified before the House Finan...
July 10, 2019July 10, 2019
China’s timeline to make a state-run cryptocurrency just got moved forward. The announcement of the impending launch of Facebook’s Libra in 2020 has put pressure on China’s central bank to get...
Rebecca Campbell
July 9, 2019July 9, 2019
2 min read
A Congressional subcommittee has asked Facebook to “immediately agree to a moratorium on any movement forward on Libra,” the social network’s upcoming cryptocurrency. The letter was made publ...
July 2, 2019July 3, 2019
Enthusiastic traders are not the only ones who get liquidated on BitMEX. The bitcoin futures trading exchange demolished Facebook in an op-ed by BitMEX CEO Arthur Hayes and a “research” articl...
Tim Copeland
June 28, 2019June 28, 2019
With Libra, Facebook believes that they can help empower the 1.7 billion unbanked people in the world and make access to money and financial services as easy as sending a Facebook or WhatsApp ...
The Projects
Ki Chong Tran
June 28, 2019July 18, 2019
5 min read
The launch partners for Facebook’s Libra cryptocurrency are split. Earlier in the week, it was reported that seven key partners were reconsidering their options. The article, published in the ...
June 27, 2019June 27, 2019
Could the Ethereum community become one of the validators of Facebook’s Libra? That’s the radical idea proposed by SpankChain CEO Ameen Soleimani—who is well-known for his unique brand of radi...
Technology
June 25, 2019June 27, 2019
Mark Carney, Governor of the Bank of England, announced on Thursday night that stablecoins, like Facebook’s Libra, will be allowed to store their reserves in the hallowed vaults of the world’s...
June 21, 2019June 27, 2019
We made the mistake of calling Facebook’s possibly-upcoming cryptocurrency, the Libra, a “stablecoin” when it was announced. We wrote this because Libra—which will be governed by a consortium ...
The bankers have taken a look at Facebook’s Libra, and the response is a resounding “Meh.” U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook discussed its plans to la...
June 19, 2019June 27, 2019
Facebook may have to shutter plans for Libra Coin in the short term. Since the announcement yesterday that Facebook is creating a cryptocurrency (well, two, actually) to be implemented into Me...
Facebook’s Libra project is late to the party, and the party’s already been mostly shut down by law enforcement. Nearly everything in the 11-page white paper released yesterday by the company—...
Among the 29 companies who have partnered with Facebook’s Libra coin launch this week, there are four (relatively) small blockchain companies. One of them is Bison Trails, an infrastructure pr...
June 18, 2019June 27, 2019
What happens to your Facebook account when you die? This question has been bandied around a lot recently. But a more pressing question might be what happens to your money on Facebook once you ...
After two years of speculation, Facebook has finally unveiled “Libra,” a cryptocurrency that it says will empower billions of users around the world by giving them access to financial services...
June 18, 2019July 15, 2019
14 min read
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