Libra (Currency)

Facebook’s Zuckerberg, Accused of Lying, Withstands a Washington ‘Beating’

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WASHINGTON — Mark Zuckerberg, the Facebook chief executive, traveled to Washington to defend a cryptocurrency project that has become the latest target of lawmakers frustrated with the social media giant. He ended up answering a smorgasbord of questions on other issues on Wednesday, as members of the House Financial Services Committee took him to task […]

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China’s Cryptocurrency Plan Has a Powerful Partner: Big Brother

Banking and Financial Institutions, Bitcoin (Currency), Calibra, Facebook Inc, Libra (Currency), Mark E, Mobile Commerce and Payments, People's Bank of China, Regulation and Deregulation of Industry, Renminbi (Currency), SWIFT(Society for Worldwide Interbank Financial Telecommunication), Technology NEWS, Virtual Currency, Zuckerberg / Good To SEO

BEIJING — When Facebook announced plans this year for a cryptocurrency called Libra, it said its goal was to reinvent money for the internet age. What the company probably didn’t imagine was that its efforts might spur China to get there first. China wants to start replacing the cash that people carry with a digital

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Facebook’s Libra Cryptocurrency Faces Exodus of Partners

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As part of that, the social network said, it had more than 27 corporate partners — including PayPal, Visa, Mastercard and companies like Uber — that had pledged to support the project. The partners are important because Libra will be controlled not by the social network but by a broad network of corporations, Facebook said.

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PayPal Pulls Out of Libra, Facebook’s Cryptocurrency Project

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SAN FRANCISCO — PayPal said on Friday that it had pulled out of the coalition of companies involved in a Facebook-backed cryptocurrency initiative, in the latest headache for the social network’s effort. The proposed cryptocurrency, Libra, has been in the works at Facebook for more than a year and was announced to much fanfare in

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