facebook Lawmakers Grilled Facebook's Crypto Chief Over Libra Launch Plans Facebook executive David Marcus faces intense scrutiny from the House Financial Services Committee regarding the company's planned Libra cryptocurrency. Lawmakers demand regulatory guarantees before the tech giant moves forward with the digital currency project.
facebook Facebook Exclusively Integrates Calibra Wallet Into Messenger and WhatsApp Facebook confirms it will only embed its own Calibra cryptocurrency wallet into its messaging apps, giving it a significant edge over competitors. Calibra's leader assures senators the wallet remains interoperable and compliant with US regulations.
facebook Facebook Calibra Chief Faces Intense Senate Scrutiny Over Libra Cryptocurrency Facebook's David Marcus testifies before the Senate Banking Committee as lawmakers voice serious concerns about the company's proposed Libra digital currency. Regulators warn that the project raises major issues regarding privacy, consumer protection, and financial stability.
facebook Facebook's Libra Chief Prepares for Congressional Grilling Over Crypto Plans Calibra head David Marcus prepares to testify before Congress, stating that the Libra Association faces Swiss regulation while promising U.S. compliance. Lawmakers face a steep learning curve regarding the complex cryptocurrency ahead of the hearings.
federal reserve Federal Reserve Chair Powell Demands Thorough Review of Facebook Libra Federal Reserve Chairman Jerome Powell states that Facebook's proposed Libra cryptocurrency raises serious concerns regarding privacy, money laundering, and financial stability. He emphasizes that the project cannot move forward without comprehensive answers to regulatory questions.
facebook Facebook's Libra Faces Regulatory Scrutiny Over Misaligned Financial Incentives Facebook's Libra cryptocurrency creates a system where wealthy members earn interest dividends, potentially misaligning their incentives with regular users. Lawmakers demand a halt to development as questions mount regarding Facebook's undisclosed investments and lack of app oversight.
maxine waters Maxine Waters Demands Facebook Halt Its Cryptocurrency Plans House Financial Services Chair Maxine Waters publicly calls on Facebook to pause development of its controversial cryptocurrency project. She argues that the company needs to address serious regulatory concerns before moving forward.
facebook Lawmakers Demand Halt to Facebook's New Libra Cryptocurrency Congress reacts angrily to Facebook's unveiled Libra cryptocurrency, demanding a moratorium and hearings. The digital currency faces immediate regulatory pushback over data privacy and oversight concerns.
facebook Facebook Unveils Libra Cryptocurrency and Calibra Digital Wallet Facebook introduces Libra, a new cryptocurrency governed by an independent association, alongside Calibra, a dedicated digital wallet for its messaging apps.
gillmor gang Gillmor Gang Explores Facebook Libra Impact and 2020 Political Strategies The latest Gillmor Gang podcast episode features a roundtable discussion on Facebook's Libra cryptocurrency and the upcoming 2020 Democratic race. Panelists debate how these major tech and political shifts could reshape the global landscape.
libra US Congress Chairwoman Demands Halt to Facebook's Libra Cryptocurrency A high-ranking US Congress member calls for a moratorium on Facebook's Libra project until lawmakers can properly review the cryptocurrency's privacy and regulatory implications. Facebook indicates it plans to move forward despite the unresolved privacy concerns.
facebook Facebook Introduces Libra as a Direct Competitor to Bitcoin Facebook unveils Libra, a new digital currency designed to be more stable and accessible than traditional cryptocurrencies like Bitcoin. The social media giant aims to make global financial transactions seamless for its billions of users.
facebook Facebook Unveils Libra Cryptocurrency to Disrupt Global Payments Facebook introduces Libra, a low-fee digital currency backed by a coalition of major corporations, designed to make sending money and buying goods seamless. The project aims to boost financial inclusion while ultimately driving more commerce to Facebook's advertising business.
facebook Facebook Unveils Libra Cryptocurrency Backed by Major Corporations Facebook reveals plans to launch Libra, a new digital currency designed for global use. The project draws immediate scrutiny from lawmakers and financial regulators.
facebook Facebook Unveils Libra Cryptocurrency to Disrupt Global Payments Facebook introduces Libra, a stable cryptocurrency backed by a reserve fund, launching next year across its messaging platforms. The digital currency aims to simplify online payments and offer low-cost money transfers for unbanked populations.