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Facebook’s Libra code chugs along ignoring regulatory deadlock
“5 months and growing strong” the Libra Association announced today in a post about its technical infrastructure that completely omits the fierce regulatory backlash to its cryptocurrency. Forty
There’s one tech giant doing crypto right: Square
Jack Dorsey's bitcoin strategy makes sense.
Facebook is beating a dead horse with Libra
Nobody has created a viable stablecoin.
Billionaire Mark Zuckerberg doesn’t realize other people don’t have money
Not everyone is the eighth-richest person in the world. How are you supposed to use Libra if you can't afford a phone?
Lowlights from Zuckerberg’s Libra testimony in Congress
“I don’t control Libra” was the central theme of Facebook CEO Mark Zuckerberg’s testimony today in Congress. The House of Representatives unleashed critiques of his approach to cryptocurrency,
The best thing about Libra is often overlooked—and its creators explain why
Libra's creators address the negative reactions and mistrust from individuals and organizations concerned about the role of digital platforms—especially one like Facebook.
Libra is down but not out after defections
7 companies abandoned the Libra Association over the last few days to protect their reputations and their commercial interests. But they may be back.
Facebook launches Libra Association—and says 180 companies could join
Twenty-one organizations formally became Libra members on Monday.
Bruised and battered, Libra trudges on
The Libra Association has had its inaugural meeting — though it was quite a bit different than . On Monday, representatives from 21 companies and organizations met in Geneva to sign the Libra
Tech & Science
Facebook's Libra loses one more member as its council becomes official
Facebook couldn't avoid losing another Libra Association member before it formalized the cryptocurrency's council. Booking Holding, the company behind Booking.com, Kayak and Priceline, has withdrawn
Facebook-Led Libra Forms Governing Council After Big-Name Departures
At a charter signing in Geneva on Monday, the Libra Association locked in 21 members of its governing council.
Libra claims 180 potential replacements for 7 mutineers
Attempting to signal its popularity despite high-profile defections from Visa, Stripe and more, the Facebook-led cryptocurrency Libra Association announced that 1,500 organizations have expressed
Why each Libra member’s mutiny hurts Facebook
There’s a strategic cost to the defection of Visa, Stripe, eBay, and more from the Facebook -led cryptocurrency Libra Association . They’re not just names dropping off a list. Each potentially made
EBay, Stripe and Mastercard drop out of Facebook’s Libra Association
Oof — a week after PayPal announced plans to part ways with Facebook’s Libra cryptocurrency project and the related association of the same name, three more names are reportedly breaking away: eBay,
Facebook’s crypto project is falling apart before our eyes
PayPal, eBay, and Stripe are out. MasterCard, too.
eBay, Visa and Mastercard pull out of Facebook's Libra cryptocurrency
Stripe and eBay have followed PayPal in backing out of Facebook's cryptocurrency, Libra. They confirmed to the Financial Times that they would pull their support, while Mastercard and Visa have also
Facebook’s Precarious Libra Project Is Losing Friends Left and Right
After repeated regulatory pushback, Facebook's Libra Association is losing key members.
For once, Facebook is the underdog as Libra skepticism mounts
CEO Mark Zuckerberg will testify about Facebook's crypto aspirations before the House Financial Services Committee later this month.
Senators Warn Visa, Mastercard to Think Twice About Joining Facebook's Cryptocurrency Scheme
As anxieties mount over Facebook’s plan to launch a cryptocurrency called Libra, Capitol Hill lawmakers are facing increasing pressure to intercede. This week, that intervention has taken the form of
Why PayPal’s withdrawal from Facebook’s Libra project stings extra
An exodus from the Libra Association would be wholly unsurprising.