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Calibra Head David Marcus Touts Libra’s Money Laundering Standards

News Calibra CEO David Marcus recently claimed that the Anti-Money Laundering (AML) standards of Libra — Facebook’s proposed stablecoin project — will be better than other payments networks. Citing statements from Marcus’ speech at the Money 20/20 conference in Las Vegas, finance publication Finex..

Facebook Blockchain Head Asserts Need for Libra Amid Growing Criticism

Hiccups in the cryptocurrency market ahead, the Libra Association and its components have continued their relentless battle against regulators as the cryptocurrency project looks to get off the ground. Amid ever-growing regulatory tension, David Marcus, the co-creator of Libra and the head of Faceb..

David Marcus: Libra Launch Will Happen Next Year Regardless of Regulatory Scrutiny

Libra co-creator David Marcus is confident that Facebook’s digital currency will launch in 2020 despite mounting regulatory pressure from jurisdictions around the world. The Libra chief also sees adoption as a much larger concern for the cryptocurrency project than whether authorities are happy with..

In BTC We Trust: U.S Citizens Choose Bitcoin Over Libra 

When it boils down to choice, Americans will choose Bitcoin over Facebook’s proposed currency Libra, consumer insights provider CivicScience revealed in a new survey. Summarily, of the 1,799 U.S adults questioned for the survey, only 2 percent indicated that they could trust Facebook with any kind ..

G7 Agrees on Crypto Action Plan Spurred by Facebook’s Libra

G7 finance chiefs met this week and Facebook’s Libra cryptocurrency was high on their agenda. They agreed on several crypto initiatives and fast regulatory responses to projects such as Libra, calling for them to meet the highest standards of financial regulation. Also read: G20 Leaders Issue Decla..

Congressional Hearing Day 2: House Democrats Hammer Facebook’s Crypto Plans

It was Day 2 of Facebook’s Congressional Hearing. The pressure was on the social media giant to present a strong case to the House. A strong group that has never been a fan of the social media giant. After a rather grueling day of being questioned by the Senate Banking Committee, David Marcus, Faceb..

Congressman Warren Davidson Suggests Libra is a Sh*tcoin

On Wednesday, Representative Warren Davidson suggested that Facebook Libra’s lack of decentralization placed it in the same category as other run of the mill sh*tcoins. Libra is Not a Cryptocurrency Events took a somewhat unexpected twist during today’s congressional hearing on the potential impac..

Sen. Brown Rips Libra: Wants Facebook to End its Crypto Plan

The Senate hearing for Facebook on Libra was conducted yesterday, and just like many predicted, it was a bloodbath. Crypto insiders expected lawmakers to come hard on Facebook’s past with information mishandling, and that was pretty much the topic sentence of the day. Try as Facebook did to convinc..

Overview: Facebook Libra Project US Senate Hearing

Earlier today Facebook Libra met with US Senators from the Senate Banking Committee. Here are a few highlights of note from the hearing. Facebook Libra Meets with Lawmakers Again Today Facebook answered questions from concerned US lawmakers on the Senate Banking Committee. As previously covered by..

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