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Facebook's Libra

One's company

A catalyst for change

Ask Zuck Anything

Libra unravels

Facebook's Libra

The latest news on Facebook's Libra

A wrap up of news covering the announcement of Facebook's cryptocurrency, Libra.

Collection

Last updated Oct 18, 2019

One's company

Libra finds a Facebook friend in Congress

U.S. Senator Mike Rounds defied his congressional colleagues on Thursday, writing in a letter that he was puzzled by the way they had reacted with “such hostility” to the Facebook-led Libra pr...

News

Coins

Ben Munster

October 18, 2019October 18, 2019

A catalyst for change

Sweden Central Bank governor calls Facebook’s Libra a “catalytic event”

Facebook’s proposed cryptocurrency and blockchain Libra may have raised regulatory hackles, resulting in an exodus of partners, but the very idea of a mass-enabled cryptocurrency has galvanize...

News

Business

Rakesh Sharma

October 15, 2019October 15, 2019

Ask Zuck Anything

3 Libra questions Congress should ask Facebook’s Zuckerberg

Facebook CEO Mark Zuckerberg’s appearance before Congress on October 23 is an opportunity for lawmakers to find out more about Libra. Since its launch this past June, Facebook’s idea for a cr...

News

Opinion

Rakesh Sharma

October 13, 2019October 14, 2019

Libra unravels

Stripe, eBay, Mastercard and Visa quit Facebook's Libra

Another one bites the dust. Wait, two. Okay, make that three. Just kidding, we meant four. Last week, PayPal said it would no longer partner with Facebook on the Libra cryptocurrency. Today, i...

News

Business

Jeff Benson

October 11, 2019October 11, 2019

Banking on Libra

Facebook’s Libra must meet “highest standards,” says Bank of England

The Bank of England has laid out guidelines for the launch of Facebook’s proposed digital currency, Libra, tentatively welcoming the project while warning that it will need to meet the “highes...

News

Business

Ben Munster

October 10, 2019October 10, 2019

Zuck in the hot seat (again)

Facebook’s Zuckerberg to testify before Congress on Libra

The U.S. House Financial Services Committee announced today that Facebook CEO Mark Zuckerberg is scheduled to testify before Congress in a special hearing on October 23. The hearing is billed...

News

Business

Nicholas Marinoff

October 9, 2019October 9, 2019

Taking Libra-ties

US Senators call on Libra partners to “proceed with caution”

US Senators Brian Schatz (D-HI) and Sherrod Brown (D-OH) have sent letters to payment companies Stripe, MasterCard and Visa, urging them to “proceed with caution” over their membership in the ...

News

Coins

Ben Munster

October 9, 2019October 9, 2019

Bring on Zuck, says Congress

Congress members want Zuckerberg, not surrogates, to answer for Facebook’s Libra

Regulators are once again hounding CEO Mark Zuckerberg about the Facebook-led Libra stablecoin project. This time, it’s members of the House of Representatives Financial Services. And House m...

News

Business

Robert Stevens

October 5, 2019October 5, 2019

PayPal out of Libra

Facebook’s Libra project loses inaugural partner PayPal

Payments processing giant PayPal has officially dropped out of Facebook’s digital currency project, Libra, according to a report today by the Wall Street Journal. "PayPal has made the decision...

News

Business

Decrypt Staff

October 4, 2019October 4, 2019

Facebook bad, WhatsApp good

Survey finds few trust Facebook with Libra—but they do trust WhatsApp and Instagram

Over a third of Facebook users don’t trust the tech giant to look after their money, but over half believe that Libra, the company’s proposed digital currency, could help overcome privacy conc...

News

Coins

Ben Munster

October 2, 2019October 2, 2019

In Zuck we trust?

Facebook's Zuckerberg “really focused” on successful Libra launch

Facebook has hit some rough waters ever since setting off on its maiden crypto voyage, but its captain aims to right the Libra ship. Speaking with Nikkei Asian Review earlier today, Facebook ...

News

Business

Nicholas Marinoff

September 26, 2019September 26, 2019

Big Blue teaming up with Facebook?

IBM hints at aiding Facebook’s cryptocurrency efforts

Despite several regulatory hurdles and no love from the U.S. Congress, it seems like Facebook’s foray into blockchain and cryptocurrency still has some big fans. Jason Kelley, general manager ...

News

Business

Nicholas Marinoff

September 23, 2019September 23, 2019

Inside Libra's basket

Libra reveals fiat portfolio and possible chat bot

Social media giant Facebook has revealed the split of fiat currencies underpinning its upcoming cryptocurrency—whilst also offering a sneak-peak into an innovative way that it may be planning ...

News

Coins

Nawaz Sulemanji

September 23, 2019September 23, 2019

China warms to Libra?

Chinese officials surprisingly chill on crypto

SHANGHAI—Representatives from the Chinese Government were noticeably more open to crypto in general—and Facebook's Libra in particular— at the 2019 Shanghai Wanxiang Blockchain Conference, the...

News

Coins

Shuyao Kong

September 20, 2019September 20, 2019

Nicht möglich!

Why European animosity to Facebook won’t halt Libra

Never mind that Germany became the second government in Europe today to formally express its disapproval of Facebook’s Libra coin. And never mind that the French hate it, too, or that crypto i...

News

Opinion

Adriana Hamacher

September 18, 2019September 18, 2019

Libra "threat" exaggerated?

Facebook’s David Marcus: Libra is no threat to sovereign fiat currencies

France, Germany, China, the United States—and just about every other country on Earth—they’ve all got Libra all wrong, according to Facebook’s David Marcus. And the former PayPal executive, wh...

News

Coins

Nicholas Marinoff

September 16, 2019September 16, 2019

Libra Vs Cash

Calibra executive: Why Facebook's Libra needs a blockchain

TEL AVIV—Facebook has drawn a lot of heat over its plans to create a cryptocurrency called Libra, set to launch in late 2020. Many argue that it could simply use traditional payment networks i...

News

Coins

Tim Copeland

September 15, 2019September 15, 2019

Libra asks for more

Facebook's Libra to ask Swiss regulator for payment license

The Libra Association—set up to run Facebook’s Libra—announced today it will apply to become a licensed payment system, under the Swiss Financial Market Supervisory Authority (FINMA). At the s...

News

Business

Robert Stevens

September 11, 2019September 11, 2019

Another blow for Libra

EU regulators criticize Facebook over latest data leak

Facebook has suffered another major data breach, exposing the personal information of 210 million Facebook users. It follows the 2018 data breach in which 50 million accounts were illegally ha...

News

Business

Robert Stevens

September 7, 2019September 7, 2019

Some consolation

Bitcoin was Facebook’s first choice says Abra's CEO

Bill Barhydt, CEO of Bitcoin investment platform Abra, claims that Facebook staffers told him the company wanted to use Bitcoin as a cryptocurrency to power its payment platforms. But the soc...

News

Coins

Adriana Hamacher

September 6, 2019September 6, 2019

Libra? What Libra?

Sentiment is against Facebook’s Libra, says survey of 140,000 analysts

The odds are stacked against Facebook’s Libra. Global regulators are against the proposal, members of its own Libra Association are having serious doubts, and on top of that, half of a bunch o...

News

Coins

Robert Stevens

September 4, 2019September 4, 2019

WhatsApp might beat Libra to the punch

WhatsApp’s quiet mobile payments expansion could beat Libra to the punch

WhatsApp, an encrypted messaging service owned by Facebook, is talking to Indonesian payment firms about integrating payment features into its apps, according to Reuters. If the deal goes thr...

News

Business

Robert Stevens

August 21, 2019August 21, 2019

Can China really stop Facebook's Libra?

Can China’s state-run cryptocurrency compete with Facebook’s Libra?

After feeling the pressure from Facebook’s Libra push, Chinese officials announced just weeks ago that they were preparing to release China’s own central bank digital currency to compete with ...

News

Coins

Nicholas Marinoff

August 14, 2019August 14, 2019

Facebook’s scare tactics

Is Facebook using Libra as a distraction for its other plans?

In Facebook’s quarterly earnings report this week, CEO Mark Zuckerberg emphasized that the company would work to address regulators’ concerns over Libra for “however long it takes.” But he als...

News

Business

Adriana Hamacher

July 25, 2019August 13, 2019

What goes around comes around

Facebook inundated with scam Libra ads

What goes around comes around. When Facebook introduced a ban on cryptocurrency projects posting on its website in 2018, it likely didn’t anticipate that, a mere year later, it would need to c...

News

Business

Adriana Hamacher

July 24, 2019August 13, 2019

Libra might not be all that bad

German central bank comes out in favor of Facebook’s Libra

The president of Germany’s central bank, Bundesbank, has urged his G7 counterparts not to prematurely condemn Facebook’s Libra, the digital currency and alternate financial system the tech gia...

News

Business

Decrypt Staff

July 21, 2019August 13, 2019

Facebook is feared by G7 finance minsters

Fear of Facebook’s Libra dominates G7. Japan thinks it has the answer

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...

News

Coins

Adriana Hamacher

July 18, 2019August 13, 2019

Congressmen: Bitcoin “unstoppable,” Libra not that bad

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...

News

Coins

Ben Munster

July 17, 2019August 13, 2019

Uncle Sam weighs Libra

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...

News

Opinion

Ben Munster

July 16, 2019July 26, 2019

Libra goes to Washington!

Where to watch the Senate hearing on Libra, and what to look for

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...

News

Business

Bailey Reutzel

July 15, 2019July 16, 2019

Sad! Donald Trump "not a fan" of crypto

Donald Trump blasts Bitcoin, Facebook’s Libra in Twitter tirade

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...

News

Coins

Guillermo Jimenez

July 12, 2019July 12, 2019

Fed: Facebook's Libra "cannot go forward"

Fed Chairman: Facebook’s Libra “cannot go forward” without addressing serious concerns

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...

News

Business

Guillermo Jimenez

July 10, 2019July 10, 2019

China accelerates state-run crypto

China accelerates its state-run cryptocurrency efforts to stop Libra

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...

News

Coins

Rebecca Campbell

July 9, 2019July 9, 2019

The War on Libra!

Congress declares war on Libra

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...

News

Coins

Ben Munster

July 2, 2019July 26, 2019

Facebook gets REKT by BitMEX

Facebook’s Libra gets REKT by BitMEX in two parody articles

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...

News

Business

Tim Copeland

June 28, 2019June 28, 2019

What is Libra? Facebook's answer to crypto

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 ...

Learn

The Projects

Ki Chong Tran

June 28, 2019August 13, 2019

Facebook's partners are staying true

Anchorage CEO: Many partners still devoted to Facebook’s Libra despite doubts

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 ...

News

Business

Tim Copeland

June 27, 2019June 27, 2019

Should Ethereum help run Libra?

SpankChain CEO suggests Ethereum community should help run Libra

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...

News

Technology

Tim Copeland

June 25, 2019June 27, 2019

"It’s banking, Jim. But not as we know it"

Facebook's Libra will change banking forever, say analysts

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...

News

Business

Adriana Hamacher

June 21, 2019September 29, 2019

Don’t call Libra a stablecoin

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 ...

News

Coins

Ben Munster

June 21, 2019June 27, 2019

Fed bankers not "too concerned" about Facebook's Libra

Facebook discussed Libra plans with Fed, bankers not “too concerned”

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...

News

Business

Guillermo Jimenez

June 19, 2019June 27, 2019

Regulators crash Facebook's party

Global regulators gatecrash Facebook’s Libra party

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...

News

Technology

Tim Copeland

June 19, 2019June 27, 2019

With Libra, Facebook jumps on a long derailed bandwagon

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—...

News

Coins

Ben Munster

June 19, 2019June 27, 2019

Bison Trails CEO interview on Libra Coin

Bison Trails CEO: Why it dropped $10 million on Facebook's Libra Coin

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...

News

Business

Tim Copeland

June 18, 2019June 27, 2019

Interview with Facebook's David Marcus

Facebook’s blockchain lead David Marcus: “I want Libra coin to last hundreds of years”

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 ...

News

Business

Tim Copeland

June 18, 2019June 27, 2019

Inside Facebook's Libra

Facebook reveals Libra, its momentous new crypto, to the world

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...

News

Coins

Ben Munster

June 18, 2019July 15, 2019

7 things we know about tomorrow’s Facebook crypto launch

The white paper that lays out the blueprint for Facebook’s cryptocurrency, Libra, is dropping tomorrow—and it’s expected to be one of the most high-profile cryptocurrency announcements from a...

News

Coins

Decrypt Staff

June 17, 2019June 27, 2019

Facebook builds a Silicon Valley oligarchy

Facebook appoints fellow Silicon Valley oligarchs as rulers of future crypto economy

Facebook’s upcoming cryptocurrency will be run by a consortium of around a “dozen” companies—each paying Facebook $10 million for the privilege—that will include Uber, PayPal, Mastercard and V...

News

Coins

Ben Munster

June 14, 2019June 27, 2019

Facebook to drive better crypto regulation

Facebook’s Libra coin will drive faster and better crypto regulation

Facebook is set to reveal its own cryptocurrency next week. What we know so far is that Libra coin, or GlobalCoin depending on who you ask, is rumored to be a stablecoin backed by a basket of ...

News

Opinion

Tim Copeland

June 12, 2019June 27, 2019

Is Facebook flying stable?

Will Facebook’s stablecoin fly?

Facebook may be one of the biggest companies in the world but its much-discussed new cryptocurrency has a daunting challenge: Appeasing U.S. regulators. And, Lord knows, CEO Mark Zuckerberg is...

News

Technology

Adriana Hamacher

June 7, 2019September 29, 2019

Facebook coin: stoked or smirking?

Facebook coin: The good, the bad and the inevitable

Facebook is launching its new cryptocurrency, dubbed GlobalCoin, later this month, The Information trumpeted yesterday. The more cynical among us may ponder the timing: it was only 48 hours pr...

News

Business

Adriana Hamacher

June 6, 2019September 29, 2019

Facebook cozies up to the regulators

Facebook in talks with CFTC over GlobalCoin

Facebook is conducting talks with the Commodities Futures and Trading Commission, according to the Financial Times. The commission is reportedly seeking to understand whether Facebook’s upcomi...

News

Business

Ben Munster

June 3, 2019June 27, 2019

Facebook’s cryptocurrency to roll out in 2020

FacebookCoin—or “GlobalCoin,” as it’s been dubbed internally—will roll out in a dozen countries in 2020, and will undergo live testing by the end of this year, according to a report by the BBC...

News

Coins

Ben Munster

May 24, 2019June 27, 2019

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