Tag: facebook

Shopify, a Canada-based e-commerce giant that has reportedly helped over 1 million businesses launch their own stores, Joins the Facebook-led Libra Association. According to a blog post the company published, Shopify has now become a member of the Libra Association and will work to “built a payment network that makes money easier to access and […]

The Facebook stock price is moving higher despite all the noise around the company partially caused by Elon Musk’s negative position toward it. Last few years we are witnessing Facebook getting numerous objections from many sides. It all culminated when its CEO Mark Zuckerberg last year publicly admitted that the company won’t ever be included […]

Twitter user Elijaboom posted that Facebook messenger app would not let him send a link for insidebitcoins.com to an associate based in Turkey. He noted that it seems like Bitcoin and crypto related websites and content could once again be considered a violation of Facebook community guidelines. Did crypto get the banhammer once again? Facebook […]

Facebook Libra cryptocurrency Testnet has reportedly already registered over 50,000 transactions since it was reset on September 17. According to a blog post published by Libra Association developer Michael Engle, the organization has been working on developing Facebook Libra Testnet by incentivizing community participation, simplifying how developers can work on Libra, and launching a Bug […]

United States Rep. Warren Davidson (R) has said that Facebook adding Bitcoin (BTC) to its Calibra wallet would be a “way better idea” than creating its new currency, Libra. In an interview for the Noded Bitcoin podcast on Oct. 11, the Congressman said that “part of the beauty” of Facebook’s unveiling its proposed Libra stablecoin […]

Facebook and Calibra get sued by Plaintiff Finco Services for trademark infringement, unfair competition and “false designation of origin” under the U.S. Lanham Act. In addition to alleging a copy of the Calibra swirly tilde logo, the accusing party also seeks preliminary and permanent injunctive relief, which may force Calibra to stop using the current […]

Within the span of an hour or two, reports have revealed that Facebook crypto project, Libra, suffered some heavy blows. It first started on Friday morning, with the Financial Times revealing that both eBay, the e-commerce/online marketplace giant, and Stripe, a fintech giant, have dropped out of the Facebook crypto project Libra Association. Speaking to […]

Brad Garlinghouse, the CEO of blockchain payments network Ripple, thinks that Facebook Libra Coin will fail to launch its Libra digital currency before 2023 Garlinghouse bets on a three-year Facebook Libra Coin delay Speaking in an interview with Fortune on Oct. 7, Brad Garlinghouse argued that regulatory pushback would continue to plague the project that […]

Social media websites like Facebook and Telegram, once known for connecting people, have recently shown a keen interest in the cryptocurrency market, both announcing their individual cryptocurrencies – Telegram Gram Token and Facebook Libra. On the one hand, Facebook’s Libra has been long deliberating its impact over the world economy with global regulators. On the […]

Facebook Libra digital currency developers have confirmed Facebook Libra Nodes Are Live on ‘Pre-Mainnet,’ a new roadmap outlining steps toward its mainnet launch. The update from the Libra Foundation published on Oct. 2 highlights various points of interest for both developers and those who operate the protocol’s nodes. Devs focus on mainnet preparations Currently running […]

Major Libra backers Visa and Mastercard are second-guessing their participation in the Facebook-led digital payments project, the Wall Street Journal reported Tuesday. Against a global regulatory blasting of the proposed cryptocurrency, the financial services pair and unnamed other companies are balking at Facebook’s call for a unified front. The Journal says that few want to […]

Newly leaked audio from Q&A sessions between Facebook’s CEO and employees has revealed Facebook’s early strategy for Libra Crypto launch. On Oct. 1, tech news site The Verge published audio and text from two internal meetings held at Facebook in July. Along with major topics such as Facebook’s potential breakup by regulators, Mark Zuckerberg devoted […]

Facebook’s crypto project Libra will potentially create a “shadow banking” system, according to the banks at the Federal Advisory Council (FAC). U.S. banks fear Libra will reduce payment volumes and increase Shadow Banking After the United States Federal Reserve asked some of the nation’s largest banks about Libra, the banks expressed their negative stance towards […]

Since its announcement in June 2019, Launch of Libra has been making waves across the globe regarding its proposed plans. The launch is likely in the mid-2020, but it is facing a lot of resistance since its inception from the financial world. A massive wave of political skepticism and regulatory concerns has also been witnessed […]

Facebook CEO Mark Zuckerberg offers yet another mea culpa over his company’s privacy issues, insisting that this time will be different with 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, […]

Echoing Marcus’ forecast that Libra could potentially change the world, Armstrong called Facebook’s Libra Crypto project one of the most important crypto projects in development. A rather inspiring presentation from the head of Facebook’s Libra David Marcus seems to have inspired someone else as well and neither more nor less – Coinbase CEO himself. Yes, […]

World leaders and governments have been at their wits’ end recently, with many of them still uncertain about how to properly tackle the prospect of Facebook and its cryptocurrency. Ireland’s Finance Minister Michael D’Arcy is the latest to give his insight on Libra, blockchain and their effect on Ireland’s finance strategy, speaking about them during […]

The European Central Bank (ECB), in their latest hearing of Benoît Cœuré organized by the committee on the Digital Agenda on the topic of Digital currencies majorly focused on Facebook Libra. The testimony of Cœuré, Member of the Executive Board of the ECB, contained useful information as to the importance of a payment system like […]