Report: No More Zuckerbucks – Facebook’s Cryptocurrency Project Seems to Be Shutting Down
According to recent reports, the Facebook-sponsored cryptocurrency project Libra appears to be shutting down.
Libra
Facebook’s Libra Digital Currency Rebrands as ‘Diem’
The Facebook-backed Libra Association has announced a rebranding of its “Libra” digital currency which will now be called “Diem.”
Federal Reserve Governor Blasts Facebook’s Libra Currency
U.S. Federal Reserve Governor Lael Brainard strongly criticized Facebook’s digital currency, Libra, on Wednesday. Brainard argued that Facebook’s digital currency project will face numerous regulatory challenges before it could be considered viable for public use.
Facebook’s Libra Cryptocurrency Hit with Tough Regulatory Hurdles in Europe
E.U. officials have established tough hurdles for Facebook’s proposed cryptocurrency Libra as well as other private digital currencies, saying they shouldn’t receive regulatory approval until the risks they pose are better understood.
Mark Zuckerberg Confesses Uncertainty About Libra Cryptocurrency
In a hearing today before the House Financial Services Committee, Facebook CEO Mark Zuckerberg stated he “didn’t know” if his company’s new Libra cryptocurrency would work.
Mark Zuckerberg Admits Working with China Won’t Lead to ‘More Open Society’
Speaking at a hearing of the House Committee on Financial Services today, Facebook CEO Mark Zuckerberg echoed a point often made at Breitbart News and by conservatives — that trade links with China have harmed rather than helped the cause of freedom.
Facebook’s Libra Cryptocurrency Faces Collapse as EBay, Visa, and Mastercard Exit
Facebook’s Libra cryptocurrency has been dealt a major blow as partners eBay, Visa, Mastercard, and Stripe announced in quick succession Friday that they are withdrawing from the project.
Lawmakers Urge Visa, Mastercard to Drop Facebook Libra Cryptocurrency
Two Senate Democrats have reportedly urged payment processors Visa, Mastercard, and Stripe to drop out of their partnership with Facebook’s new Libra cryptocurrency.
Report: EU Antitrust Regulators Concerned About Facebook’s Libra Currency
A recent report states that EU antitrust regulators are beginning to question if Facebook’s Libra digital currency could cause antitrust issues.
Facebook Suggests Libra Coin May Be Delayed or Even Cancelled
Facebook’s embattled project to build its own cryptocurrency, dubbed “Libra” by the social network, may not happen at all, according to an SEC filing by the company.
Tom Cotton Grills Facebook on Financial Blacklisting, ‘Libra’ Currency
During a recent hearing before the Senate Banking Committee, Senator Tom Cotton (R-AR) grilled a representative from Facebook about online censorship, financial blacklisting, and its Libra currency. He questioned what the progressive tech giant would do when a consumer wished to use Libra to subscribe to Breitbart News as opposed to a left-wing publication.
Trump Faces Backlash from Base over Bitcoin
President Donald Trump faced a backlash from his online supporters last week after he condemned the Bitcoin cryptocurrency as “highly volatile” and a facilitator of illegal activity. Trump called for Facebook’s new “Libra” cryptocurrency to be regulated like a bank.
Fed Chair Jerome Powell Calls on Facebook to Halt Libra Cryptocurrency Project
Fed Chairman Jerome Powell has stated that Facebook’s digital currency Libra cannot be allowed to operate until concerns about the project are addressed.
Sen. Josh Hawley: Facebook Is ‘Expanding Their Monopoly’ with Libra Currency
Sen. Josh Hawley (R-MO) stated in a recent interview that he believes Facebook is “expanding their monopoly” with its new Libra digital currency.
Facebook Reveals ‘Libra’ Cryptocurrency Will Be ‘Governed’ by Switzerland-Based Coalition of Elites
Facebook plans to launch its own currency named Libra in 2020. The Silicon Valley Masters of the Universe have unveiled more details about how the currency will operate, including a promise of privacy for its user, and the fact that the currency will be “governed” by the “Libra Association,” a group of Mark Zuckerberg’s fellow elites based in Switzerland.
Facebook to Debut Cryptocurrency Next Week, Backed by Visa, Mastercard, Uber
Social media giant Facebook is expected to reveal its new digital cryptocurrency next week, backed by Visa, Mastercard, Uber, and others.