Facebook Libra

Facebook to Senators: Libra Crypto Will Respect Consumer Privacy

Facebook blockchain lead David Marcus told U.S. lawmakers that the social media giant plagued by privacy scandals won’t have access to personal financial information with its new cryptocurrency.

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US Lawmakers Ask Facebook to Cease Libra Cryptocurrency Development

Sovereign digital currencies could be one likely outcome of super-sovereign creations like Libra. We write to request that Facebook and its partners immediately agree to a moratorium on any movement forward on Libra-its proposed cryptocurrency and Calibra-its proposed digital wallet.

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Hundreds of Facebook Libra Websites Appear as Hackers Seek to Profit From New Cryptocurrency

Facebook‘s plan to launch its own cryptocurrency next year is already attracting the interest of cyber criminals, according to new research. The social network announced the Libra cryptocurrency on 18 June, alongside 27 of the world’s biggest companies.

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Facebook Wants to Be WeChat: Why Launch Libra?

Have you overdosed on Libra coverage yet? And it’s not even been two whole weeks. Facebook’s launch of Libra on June 18 unleashed a firestorm of media coverage, mostly repetitive, and mostly a piling on over the regulatory bear that it poked when unveiling its global payments plus cryptocurrency plans.

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The Guardian View on Facebook’s Libra: Funny Money

acebooks proposed digital currency, the Libra, is the latest attempt by a big western technology firm to weaken the reach and power of national governments. The promise is that the companys billions of users will be able to transfer money to each other as easily as they can send a message on their phones.

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Rep. Maxine Waters Sets House Committee Hearing on Facebook’s Libra

By Rex Crum The Mercury News Less than a week after Facebook gave details about Libra, two Congressional committees set July dates for hearings about the social networking giant’s cryptocurrency plans. Late Monday, Rep. Maxine Waters, chairwoman of the House Financial Services Committee, said she would hold a hearing July 17 on Libra.

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European Central Bankers Claim Oversight Over Facebook’s Cryptocurrency

FRANKFURT (Reuters) – Three European central bankers are claiming oversight over Facebook’s planned virtual currency to ensure it will not jeopardize the financial system or be used to launder money.

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FB Libra Exec Wants Banking Experience on Team

David Marcus, Facebook vice president of messaging products and a key developer of the social media firm’s Libra digital currency project, thinks someone with experience in government and central banking would be a great leader for the team that would oversee the currency, according to .

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Facebook’s Digital Currency May Flourish in the Analog World

FILE – In this Feb. 26, 2018, file photo a visitor uses his phone during the Mobile World Congress wireless show, in Barcelona, Spain.

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Facebook’s Libra Coin Likely to Run a Regulatory Gauntlet

NEW YORK/SAN FRANCISCO(Reuters) – Facebook Inc will face unprecedented regulatory scrutiny over a new digital currency that the social media company hopes will become globally recognized legal tender within a year.

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3 Facts You Need to Know About Facebook’s Libra

Facebook has announced that it’s working on a cryptocurrency. Libra will be powered by blockchain technology and will be used to send payments from Messenger, WhatsApp, and from other third-party applications. If it works, it could be a very big deal. Facebook isn’t new to the world of digital payments.

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Facebook Libra Is ‘Most Invasive and Dangerous Form of Surveillance Ever Designed’, Critics Say

Facebook‘s plan to launch to launch its own currency has once again raised significant privacy concerns, with some critics claiming it could be the most “invasive and dangerous” form of surveillance the technology giant has yet conceived.

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