David Marcus, the executive in charge of Facebook’s proposed cryptocurrency, Libra, said if Libra fails, the U.S. could fall behind China in the race for legitimized cryptocurrency, and subsequently in influence around the world. Get the Full Story Complete the form to unlock this article...
European Central Bank Executive Board member Benoit Coeure called for strict supervisory principles for digital currencies and stablecoins like Facebook’s Libra, Bloomberg reported on Thursday (Oct. 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
David Marcus, the co-creator of Facebook’s Libra cryptocurrency, said progress is being made despite the exit of several big companies, CNBC reported on Wednesday (Oct. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The CEO of San Francisco-based Coinbase, Brian Armstrong, had some strong words for U.S. senators he accused of intimidating other companies to drop out of the Libra project, Facebook’s proposed cryptocurrency. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Officials in France and Germany have spoken out about a number of companies leaving the Libra Association, a body of businesses meant to act as a sort of governing body for Facebook’s proposed cryptocurrency. Get the Full Story Complete the form to unlock this article...
Bertrand Perez, the Libra Association’s chief operating officer and interim managing director, said he is optimistic that a total of 100 companies will join as members, CNBC reported on Tuesday (Oct. 15). Get the Full Story Complete the form to unlock this article and enjoy...
Facebook’s embattled cryptocurrency Libra was officially formed in Geneva with its 21 remaining members, Libra announced in a press release on Monday (Oct. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Following the news that several more companies had left Facebook’s Libra project, U.S. Secretary of the Treasury Steven Mnuchin, said on Monday (Oct. 14) that he thinks the companies left because the proposed cryptocurrency was not ready to meet government regulations. Get the Full Story...
After the mass exodus on Friday (Oct. 11) from the Libra project, the cryptocurrency’s remaining 22 corporate backers are gathering in Geneva, Switzerland to throw their weight behind the new cryptocurrency. PYMNTS takes stock of who’s left, what’s next and why building a network without firms...
