Tag: Libra

The Open Network (TON) has partnered with Telegram verified payment Bot, Donate to accept the blockchain protocol’s native token, Toncoin as a means for users to make donations and pay for their subscriptions in Toncoin. The announcement was shared on TON’s community Telegram channel, a development that has been acknowledged by Telegram founder, Pavel Durov. […]

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 […]

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 […]

French billionaire Xavier Niel says the Facebook-led stablecoin Crypto Asset Libra will exist along with thousands of other digital assets in the crypto market. Niel is the founder and majority shareholder of the French internet service provider Iliad. In a new article at Les Echos, he says, “Libra will exist along with the 1,600 other […]

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 […]

Just a day after the announcement of OpenLibra, a decentralized fork of Facebook’s digital currency libra, the project lead is being accused of past ICO Scam. OpenLibra co-founder Lucas Geiger first announced the project on Oct. 9, at the Ethereum Foundation’s DevCon 5 conference held in Osaka, Japan. However, Twitter user Andrew Lee was quick […]

The Bank of England has finalized a set of principles the Facebook-led Libra cryptocurrency project must adopt before going live in the UK. Calling the payment network a potentially “systemically important payment system,” the BoE’s Financial Policy Committee released the Bank of England October Financial Policy and Summary report this week. “The FPC judges that […]

Despite the recent turmoil surrounding Facebook’s cryptocurrency project, Libra Payment System, the Bank of England has given it quite the endorsement. The institution is reportedly setting out rules of engagement that Libra and other cryptocurrency payment providers would have to meet prior to opening up shop in Britain. Bank of England Endorses Libra Payment System […]

Facebook CEO Mark Zuckerberg will testify before the House of Representatives Financial Services Committee on Oct. 23 regarding the firm’s proposed Zuckerberg Libra Stablecoin project. On Oct. 9, Congresswoman Maxine Waters officially announced that Zuckerberg will testify before Congress at a hearing entitled “An Examination of Facebook Libra Stablecoin and Its Impact on the Financial […]

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 […]

European NGOs have launched a petition against Facebook Libra Crypto asset-like digital currency, Libra. The effort seeks to make EU policy makers aware of apparent public resistance to the plans. So far, more than 55,000 individuals have signed the petition. However, any attempt to outright ban an entirely voluntary alternative to a jurisdiction’s official currency […]

One of the founding Libra Association members may be on the verge of pulling out. Paypal Leave Libra? The Financial Times reported Thursday that payments firm PayPal is considering leaving the Facebook-initiated crypto project due in part to the regulatory backlash Libra has received in recent months. Paypal may Leave Libra. According to the Financial […]

According to the Wall Street Journal, Visa and MasterCard are getting cold feet about helping build payment infrastructure for Facebook’s Libra Crypto Coin project. The Wall Street Journal said that a number of financial partners were starting to back away from Libra because of regulatory concerns. This comes on the heels of a September 9 […]

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 […]