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Analysis Over the past few days, a number of Libra-related announcements have been made — only, they weren’t from Facebook, the Libra Association, Calibra wallet or any other party involved in its development. First, top crypto exchange Binance announced a project called “Venus” — coincidentally,..
News At least three of Facebook’s early backers for its planned Libra stablecoin launch are considering withdrawing their support in light of the fierce regulatory pushback. A report from the Financial Times on Aug. 23 alleges that two founding partners of Facebook’s Libra Association have held di..
Facebook’s Libra may be facing multiple threats from regulators, but the same critics are now racing to beat the social media giant at its own game.Experts: Chinese Libra May Come First The US, China and European Union are all concerned about Facebook’s digital currency. According to fresh report..
Analysis Within the past 12 months, stablecoins have transformed from a niche idea to tackle the issues of a volatile market into methods of payment championed by some of the world’s biggest and most powerful tech companies. Facebook’s announcement that it would be supporting the launch of a rese..
News Taiwanese digital currency trading platform Maicoin has entered talks with social media giant Facebook regarding its possible membership in the Libra Association. As local English language media outlet Taipei Times reported on Aug. 21, Maicoin is seeking to participate in the Switzerland-base..
If you’ve watched “The Social Network”, the semi-fictional story of the founding of Facebook, you know there is clear discourse between chief executive Mark Zuckerberg and founder claimants the Tyler and Cameron Winklevoss (The Winklevoss Twins/The Winklevii). While the story was clearly exaggerate..
The European Union is actively probing Facebook’s Libra digital currency project for competition law violations, mainstream media report.Facebook’s Libra Has ‘Potential Anti-Competitive Behavior’ According to Bloomberg, which cited official correspondence August 20, the European Commission is qui..
News Facebook-owned messaging service, WhatsApp, is purportedly in preliminary talks with multiple digital payments firms as well as a state-owned bank to launch digital payment services in Indonesia. Reuters reported that they had learned of this development from anonymous sources on Aug. 20. Ac..
News Antitrust regulators at the European Commission, the executive branch of the European Union, have sent out a questionnaire to determine whether Facebook’s proposed stablecoin Libra is an anti-competitive project. Bloomberg learned of the news via a private document, per a report on Aug. 20. A..
Tyler and Cameron Winklevoss, the co-founders of crypto exchange Gemini, admitted in an interview with CNN that they were ready to partner with Facebook for the Libra project. Tyler and Cameron Winklevoss Believe in Libra On August 19, Winklevoss brothers told CNN’s Poppy Harlow that they would clo..