The CEO of eBay, Devin Wenig, said his company’s support of Libra could potentially be a gamble, but that if it pays off it will be worthwhile, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and...
There was much skepticism and criticism — with some concerns raised more pointedly than others — during a House Financial Services Committee hearing on Facebook’s plans for its Libra cryptocurrency. David Marcus, head of Facebook’s new Calibra crypto wallet subsidiary, addressed concerns related to regulation...
There were many questions, many comments, a few evasions and about the expected amount of histrionic blustering on display when David Marcus, Facebook’s head of blockchain projects, stepped up to the plate to testify before the Senate Banking Committee on Tuesday (July 16) to offer an explanation...
Days after admitting to a hack that caused the loss of $32 million in cryptocurrency, Bitpoint Japan, a cryptocurrency exchange operator run by Remixpoint, said on Sunday (July 14) it has discovered an additional $2.3 million was stolen. Get the Full Story Complete the form...
India is reportedly considering a ban on cryptocurrencies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you...
David Marcus, the head of Facebook’s blockchain department and the face of its proposed cryptocurrency Libra, has released his congressional testimony ahead of a scheduled appearance before Congress, according to a report by TechCrunch. Get the Full Story Complete the form to unlock this article...
The top official overseeing Facebook’s Libra cryptocurrency told U.S. lawmakers in a prepared testimony that there will be no launch until regulatory concerns are discussed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
It has been about a month since Facebook pulled back the curtain on its vision for Libra – a blockchain-backed cryptocurrency with the lofty aim of connecting the 1.7 billion people around the world without access to a bank account to the world of digital payments...
To determine if Facebook needs a banking license to roll out Libra, Britain’s outgoing finance minister has said that regulators and not lawmakers should make the decision. The official, Philip Hammond, also noted that the government of Britain will “engage” with the cryptocurrency and will...
