| 单词 | Libra |
| 例句 | Unfortunately, neither nitrogen nor carbon is plentiful on the moon, so Libra’s supply would have to come from the earth or some other place. Flying to the Moon: An Astronaut's Story 1976-01-01T00:00:00Z Will it decide to create Libra, live on Mars, visit Titan, and venture beyond? Flying to the Moon: An Astronaut's Story 1976-01-01T00:00:00Z Libra not only could help earth by providing clean solar energy, but could also relieve overcrowding on earth by giving people someplace else to live. Flying to the Moon: An Astronaut's Story 1976-01-01T00:00:00Z In similar fashion, no weapons would be permitted on Libra, and Librans simply would not be able to understand why earth people continued to shoot one another. Flying to the Moon: An Astronaut's Story 1976-01-01T00:00:00Z Librans would have to worry about dying from earth diseases, or carrying them back to Libra and infecting others. Flying to the Moon: An Astronaut's Story 1976-01-01T00:00:00Z Perhaps a trip from Libra to one of the asteroids would bring back materials rich in carbon and nitrogen. Flying to the Moon: An Astronaut's Story 1976-01-01T00:00:00Z They are called libration points, from the Latin word for balance, so we could properly name our new country Libra. Flying to the Moon: An Astronaut's Story 1976-01-01T00:00:00Z Just as with Libra, a colony on the moon would have to be sealed to keep its atmosphere from escaping into the vacuum of space. Flying to the Moon: An Astronaut's Story 1976-01-01T00:00:00Z Libra would be created by hauling material from the earth and the moon. Flying to the Moon: An Astronaut's Story 1976-01-01T00:00:00Z On Libra, if people felt hostile, they would be urged to put their energies into athletic contests or other competitive events, or simply to let off steam by going flying. Flying to the Moon: An Astronaut's Story 1976-01-01T00:00:00Z On my left was mighty Hercules, and on my right Mars and the constellation Libra. We Are the Ants 2016-01-19T00:00:00Z Suppose you are a Libra—that is, born between September 23 and October 22. Cosmos 1980-01-01T00:00:00Z But then, as a teenager, I got really into zodiac signs and concluded that it was so much cooler to be a Libra than a boring Virgo. Americanized 2018-02-08T00:00:00Z Two very important elements in our lives on earth are carbon and nitrogen, and we would also need them on Libra. Flying to the Moon: An Astronaut's Story 1976-01-01T00:00:00Z Life on Libra could be as interesting and varied as life on earth. Flying to the Moon: An Astronaut's Story 1976-01-01T00:00:00Z Rotating slowly in eternal sunshine, Libra would have abundant solar energy, so much, in fact, that some could be converted into microwaves and beamed back to earth. Flying to the Moon: An Astronaut's Story 1976-01-01T00:00:00Z Their bodies would also become less tolerant of heat and cold, for Libra would not experience the extremes of temperature that we find in Alaskan winters or Arizona summers. Flying to the Moon: An Astronaut's Story 1976-01-01T00:00:00Z Her poodle mix Gracie is 14 and senile and a Libra. Parker Posey is really pleased to meet you. Yes, you. No, really. 2018-07-27T04:00:00Z Ellroy says the new series will offer more "interior access to the characters" and more period detail: He sees his recent books sitting closer to historical fiction such as Don DeLillo's "Libra" and E.L. James Ellroy talks up his new L.A. Quartet 2014-09-04T04:00:00Z But reading his other novels -- "Libra," "Ratner's Star," "Great Jones Street," "The Names," "Falling Man," "Americana" and of course "Underworld" -- prove DeLillo's astonishing breadth and depth. National Book Awards to honor Don DeLillo for lifetime achievement 2015-09-02T04:00:00Z The most prominent of these novelists is DeLillo, whose magisterial “Libra” traces the tragic arc of Lee Harvey Oswald’s sad and angry life. Review | John F. Kennedy’s assassination sets a thriller in motion in ‘November Road’ 2018-10-04T04:00:00Z Don DeLillo, in “Libra,” wrote, “A shrewd person would one day start a religion based on coincidence, if he hasn’t already, and make a million.” ‘The Premonitions Bureau’ Recounts Crowdsourcing the Supernatural 2022-04-25T04:00:00Z But I suppose if I had to name a book that had some special meaning to me it would be either “Underworld” or “Libra.” A rare interview with Don DeLillo, one of the titans of American fiction 2016-04-29T04:00:00Z And thus does Lee Harvey Oswald, in “Libra,” hope to be absorbed into History with a single act of violence in order to be absolved of his otherwise small and insignificant self. Joshua Ferris Reviews Don DeLillo’s ‘Zero K’ 2016-05-02T04:00:00Z I’m a Libra, so balance is a big thing with me, and I love having that balance. Leslie Jamison and Roxane Gay: “Men are crowned as the gold standard of the genre. It’s gonna change” 2014-04-24T23:00:00Z But this is the author of such modern classics as “White Noise,” “Libra” and “Underworld,” so attention must be paid. Review | Don DeLillo’s ‘The Silence’ is an absurdist look at our technology dependence 2020-10-12T04:00:00Z She is Libra and has the power to understand the other guy. "I poked the bear": "Invisible Beauty" traces how this activist changed the face of modeling 2023-09-14T04:00:00Z But as Libra Mahatma Gandhi said: “You must be the change you wish to see in the world.” Sign Language: Horoscopes for people oblivious to Astrology 2016-10-15T04:00:00Z Then a nonprofit called the Libra Foundation purchased 28 properties in town, hoping to create an artists’ retreat and, eventually, encourage painters and poets to settle there permanently. Can You Curate a Town? 2018-11-03T04:00:00Z DeLillo, 75, is best known for the novels "Underworld," "White Noise" and "Libra." DeLillo a finalist for short story prize 2012-01-11T13:16:09Z Mr. Buckley, a Libra, was contemplative, averse to being the center of attention and hilariously indecisive. Remembering Richard Buckley 2021-09-24T04:00:00Z Another one would be “Libra” by Don DeLillo, in which he tries to get further into Lee Harvey Oswald. Stewart O'Nan chats about F. Scott Fitzgerald and 'West of Sunset' 2015-01-20T05:00:00Z Ne-Yo says when recording "Libra Scale," he focused more on the music videos instead of dedicating time to the songs. Ne-Yo has No. 1 movie but deals with poor CD sales 2011-03-16T11:58:08Z He filmed the movie over the summer, when he also was working on "Libra Scale." Ne-Yo has No. 1 movie but deals with poor CD sales 2011-03-16T11:58:08Z “Luckily I’m a double Libra, so I can space out pretty easily,” said Ms. Uddo, who divides her time between the Chelsea neighborhood in Manhattan and Malibu, Calif., where her husband of eight years lives. What a Hand Model Knows About Skin Care 2016-03-14T04:00:00Z It is entertaining and vivacious but just could not live with the brilliance of Billy Bathgate. 42nd Parallel and Libra are based around real events. The Great American Novelist tournament 2013-01-22T12:51:05Z The astrologist, a very friendly and encouraging woman, reassured him about his Libra tendencies. Massaging Your Soul 2014-04-25T17:49:24Z She ended with part of Dyens' Libra Sonatina, written to describe his open heart surgery. Guitarist Xuefei Yang opens new vistas, from Bach to 'Butterfly Lovers' 2012-09-30T16:50:06Z New Literary Prize Goes to DeLillo The first Library of Congress Prize for American Fiction has been awarded to Don DeLillo, the author of “Underworld,” “White Noise,” “Libra” among numerous other works. ArtsBeat: New Literary Prize Goes to Old Pro DeLillo 2013-04-25T15:00:32Z Around the same time, a leaked 2002 demo revealed Ke$ha as more of a Vonda Shepard fan sipping on Aqua Libra at the Lilith Fair, than a lush stumbling down Sunset Strip. Tik Tok: Ke$ha's time in the spotlight may already be running out 2010-03-20T00:12:00Z AP: Since "Libra Scale" didn't do as well, did you approach this album differently? Q&A: Ne-Yo on new album, dance music, Tim McGraw 2012-11-08T20:31:04Z His latest CD, "Libra Scale," was also released in November. Singer Ne-Yo creates show for Cartoon Network 2011-03-11T16:19:34Z Ne-Yo told the online magazine Blues & Soul that “Libra Scale” is based on a short story he wrote about characters trying to balance “money-power-and-fame versus love,” but he keeps the songs in the first person. Critics? Choice: New CDs 2010-11-22T23:10:00Z On “Libra Scale,” as on previous albums, he promises to respect a woman, to love her mind as well as her body and to make himself vulnerable. Critics? Choice: New CDs 2010-11-22T23:10:00Z The 79-year-old DeLillo is the author of 18 novels, including the National Book Award-winning "White Noise" and the acclaimed bestsellers "Underworld" and "Libra." A rare interview with Don DeLillo, one of the titans of American fiction 2016-04-29T04:00:00Z So, yes, when Libras were recently told they must act decisively, it is entirely possible that some of them blundered into the most decisive, worst reckless decision of their lives. Perspective | Gene Weingarten: Guess what? Newspapers have published fake news for ages. 2018-05-29T04:00:00Z And then there are those fictional books based on real history, whether allegory or reimagining: something like Libra by Don DeLillo or George Orwell's classic Animal Farm rock my socks any time. How facts spoil history books 2011-07-21T11:30:35Z The carousel waits, Libra, it waits for you. Sign language: Horoscopes for people oblivious to astrology 2016-10-01T04:00:00Z It’s dinnertime, so she boils rice for her poodle mutt, Gracie, who is 14 and senile and a Libra. Parker Posey is really pleased to meet you. Yes, you. No, really. 2018-07-27T04:00:00Z Dos Passos's writing is impressive but the real star here is Libra; a brilliant portrayal of Lee Harvey Oswald's life, around which he weaves a dark and creeping conspiracy. The Great American Novelist tournament 2013-01-22T12:51:05Z As a Libra rising, my relationships are very important to me, she noted. Venture Capital Is Putting Its Money Into Astrology 2019-04-15T04:00:00Z After that, the moon moves from Virgo into Libra. Search Menu Menu The Washington Post ProfileSolid ProfileSolid The Washington Post Wp ArrowRight Comment GiftOutline Loading... 2021-12-20T05:00:00Z The gang’s murky structure helped earn it the "Scattered" nickname, as well as another industry moniker, "Muddled Libra," among researchers. FBI struggled to disrupt dangerous casino hacking gang, cyber responders say 2023-11-14T05:00:00Z The project ran in to fierce opposition from policymakers alarmed that Libra could give Facebook too much control over the money system, and infringe on users' privacy. Analysis: Why PayPal's stablecoin is likely to succeed where Facebook's Libra failed 2023-08-21T04:00:00Z It is located in the constellation Libra, and it is visible with binoculars! AI’s Hunt for the First Stars 2023-04-25T04:00:00Z As a Libra, what was it like to channel Virgo energy? Jharrel Jerome of 'I'm a Virgo' is a Libra, but he can channel another star sign 2023-06-23T04:00:00Z In confirming she’s expecting one baby, instead of twins, DJ Abby De La Rosa shares what it’s like to spend one night with a Libra like Nick Cannon. Nick Cannon on the mend after hospitalization, pays tribute to late son 2022-12-05T05:00:00Z Let’s be honest: Libras can pull off just about anything. What do Aries, Leos and Libras want? Find the best gift based on their zodiac sign 2022-11-02T04:00:00Z "The world has changed dramatically since Facebook's Libra project. There was no familiarity with stablecoins whatsoever," said Christopher Giancarlo, former chair of the U.S. Analysis: Why PayPal's stablecoin is likely to succeed where Facebook's Libra failed 2023-08-21T04:00:00Z In 1999, the firm won a £184m contract to develop Libra - a software meant to standardise case management transactions across more than 300 magistrates' courts. Fujitsu: How a Japanese firm became part of the Post Office scandal 2022-10-13T04:00:00Z I know more about a Virgo now than a Libra, which is funny. Jharrel Jerome of 'I'm a Virgo' is a Libra, but he can channel another star sign 2023-06-23T04:00:00Z “Thank you Brittany for my fellow little Libra! I love you and our Incredible Family!” Nick Cannon welcomes 10th child, his third with Brittany Bell, to his 'Fatherhood journey' 2022-09-30T04:00:00Z When they did, a vividly scarlet hued initial campaign from the company Libra prompted hundreds of complaints, calling the imagery "distasteful" and "unnecessary," to the nation's Ad Standards department. Why are our lady fluids so often depicted as blue? 2022-09-25T04:00:00Z When Facebook unveiled Libra, a stablecoin whose operations were based in Switzerland and which was pegged to a basket of currencies, executives made no secret of their ambitions. Analysis: Why PayPal's stablecoin is likely to succeed where Facebook's Libra failed 2023-08-21T04:00:00Z A second group, comprised of 25 teams, is in public talks to join Libra. Brazil soccer clubs poised for gold rush to reduce gap to Europe's elite 2022-08-28T04:00:00Z I don’t know much about what makes me a Libra, but the people around me seem to. Jharrel Jerome of 'I'm a Virgo' is a Libra, but he can channel another star sign 2023-06-23T04:00:00Z It inspired the reading of perhaps her funniest line, “He’s a Libra moon” — an utterly earnest defense of a man accused of murder. How Rachel Sennott turned the summer's most 'annoying' character into a breakout role 2022-08-18T04:00:00Z If mom is a Libra, for example, give her a plant that is not terribly fussy such as the peace lily, a spathiphyllum that flowers in the spring.. 25 Mother's Day gifts for the astrology-obsessed moms of L.A. 2022-04-13T04:00:00Z Facebook rebranded Libra, scaled it back and moved the project to the United States, in a bid to win U.S. regulatory approval. Analysis: Why PayPal's stablecoin is likely to succeed where Facebook's Libra failed 2023-08-21T04:00:00Z Diem, first named Libra, was fighting an uphill battle with regulators. U.S. manufacturing growth down in January amid coronavirus issues 2022-02-01T05:00:00Z It’s been clear for a while that Diem, which was first named Libra, was fighting an uphill battle with regulators. The end: Facebook-backed digital currency Diem sold to bank 2022-02-01T05:00:00Z So even though Facebook formed the Libra Association to govern the token with other companies, people were immediately fearful that Libra would make the controversial tech giant even more powerful. Zuckerberg’s dream of launching a cryptocurrency is officially over 2022-01-31T05:00:00Z It was announced in 2019 with great fanfare under the name Libra. Facebook’s cryptocurrency failure came after internal conflict and regulatory pushback 2022-01-28T05:00:00Z More than two years after it was first announced, the Facebook-sponsored cryptocurrency formerly known as Libra appears to be coming to an end. Facebook’s embattled cryptocurrency project is likely coming to an end 2022-01-25T05:00:00Z Like the other air signs, you can be, well, a bit laid-back, Libra. The best California native plant for your zodiac sign 2022-01-11T05:00:00Z At that moment I thought about a passage I'd read only a few days before, from the ending to Don DeLillo's "Libra," a novel about the JFK assassination: An eyewitness to history, as it broke: I was there — and no, it didn't make sense 2022-01-06T05:00:00Z Plus, members of the Libra Association started to drop out, just months after the group had been announced. Zuckerberg’s dream of launching a cryptocurrency is officially over 2022-01-31T05:00:00Z And it matches up poorly against Kobo’s Libra line, too, which has a $159 starting price but adds a bigger and better display, waterproofing, and easier access to borrowed library books. Barnes & Noble announces new Nook GlowLight 4, says it cares for real this time 2021-12-01T05:00:00Z Originally, Libra was meant to be a digital token backed by a basket of currencies from around the world, but regulators quickly halted that idea. Facebook’s embattled cryptocurrency project is likely coming to an end 2022-01-25T05:00:00Z To use the Levels Health system, you have to use two apps: one for managing and pairing the Freestyle Libra device and one for managing your Levels Health account. Levels Health review: optimize your fitness with a $400 glucose tracker 2021-11-30T05:00:00Z For Libra Max, 54, the media attention the Spears family saga has generated has been a godsend. He joined the movement to #FreeBritney — while fighting a guardianship battle of his own 2021-11-16T05:00:00Z Libra also burst onto the scene when stablecoins, which are designed to hold a set price to encourage regular transactions, were a relatively new idea and not closely scrutinized by regulators. Zuckerberg’s dream of launching a cryptocurrency is officially over 2022-01-31T05:00:00Z In 2019, the House and Senate hauled Zuckerberg in to provide testimony on the Libra project after weeks of back and forth with lawmakers who were largely skeptical of Facebook’s project. Senators call on Facebook to shelve Novi cryptocurrency project 2021-10-19T04:00:00Z Grid View The Kobo Libra 2 is waterproof, just like its predecessor. Kobo announces two new e-readers, including $260 note-taking Sage 2021-10-05T04:00:00Z Regulators raised alarms, lawmakers held hearings on Capitol Hill, and several partners of the Libra Association, including eBay and Visa, pulled out. Facebook, Biden officials poised for clash as tech giant seeks approval for new global payments system 2021-09-10T04:00:00Z It also has four Aries, four Taurus, and three Libras. Kraken mailbag: Can Jaden Schwartz be a top scorer? Will the players’ astrological makeup lead to success? 2021-09-03T04:00:00Z It’s clear that at least some of the original leaders of Libra feel burned by how the project was politicized. Zuckerberg’s dream of launching a cryptocurrency is officially over 2022-01-31T05:00:00Z Facebook first announced its plans to enter the cryptocurrency industry over two years ago, but the digital currency project, called Libra, was halted after heavy criticism from lawmakers and regulators. Senators call on Facebook to shelve Novi cryptocurrency project 2021-10-19T04:00:00Z By mid-September, our effervescent neighboring planet scoots its way from the constellation Virgo into Libra, where it remains above the horizon, just before it sets each night. Sky Watch: Summer wanes, ushers Northern Hemisphere into cooler fall 2021-08-28T04:00:00Z Or you’re a Virgo, Libra or Scorpio and were planning a fab fall birthday outing somewhere festive like Hamburger Mary’s, La Cita or Akbar after spending last year’s in deep pandemic. The Delta variant hijacked our fall plans. Memes helped us laugh about it together 2021-08-17T04:00:00Z Representations of virtual currency are displayed in front of the Libra logo in this illustration picture, June 21, 2019. Facebook-backed crypto project Diem to launch U.S. stablecoin in major shift 2021-05-12T04:00:00Z As they appeared to keep up the pressure, they asked again for his birthday; Mr. Gonzalez, who could barely talk, whimpered, “Libra.” An Alameda Police Officer Used His Knee to Pin Down Mario Gonzalez 2021-04-28T04:00:00Z China’s digital yuan is one of the world’s most advanced “central bank digital currency” initiatives, as authorities globally respond to threats from private currencies such as bitcoin and Facebook’s Libra. JD.com becomes first online platform to accept China's digital currency 2020-12-05T05:00:00Z The independent organization that runs the project, the Libra Association, will now be known as the Diem Association. Libra cryptocurrency project changes name to Diem to distance itself from Facebook 2020-12-01T05:00:00Z The Geneva-based Libra Association that will issue and govern Libra plans to launch a single digital coin backed by the dollar, the FT said, citing one of the people. Facebook cryptocurrency Libra to launch as early as January but scaled back: FT 2020-11-27T05:00:00Z Libra project, plans to launch a U.S. dollar stablecoin as it scales back its global ambitions to focus on the United States, the group said on Wednesday. Facebook-backed crypto project Diem to launch U.S. stablecoin in major shift 2021-05-12T04:00:00Z They bonded over an aptitude for energetic debate with campus Republicans, their experience growing up with single mothers, even just both being the Libra star sign. Kamala Harris: The many identities of the first woman vice-president 2020-11-08T05:00:00Z Their main fear is losing control of the payment system if private currencies such as Facebook's proposed Libra are widely adopted. Fed's Powell: More important for U.S. to get digital currency right than be first 2020-10-19T04:00:00Z Facebook was forced to rethink its plans for a digital currency, named Libra, after a number of regulators and governments expressed concern over the project. Shenzhen residents embrace digital currency 2020-10-13T04:00:00Z The Libra Association did not immediately reply to a request for comment. Facebook cryptocurrency Libra to launch as early as January but scaled back: FT 2020-11-27T05:00:00Z Facebook first unveiled plans for Libra in June 2019, part of an effort to expand beyond social networking into e-commerce and global payments. Facebook-backed crypto project Diem to launch U.S. stablecoin in major shift 2021-05-12T04:00:00Z His novels — think “Underworld,” “White Noise” and “Libra” — pack narrative, history and ideas into each line, with dialogue that sounds like no one else’s. Don DeLillo's prescience is a mystery even to his acolytes 2020-10-09T04:00:00Z Libra would not be run by Facebook but by a nonprofit association based in Switzerland. Europe’s central bank moves toward introducing digital euro 2020-10-02T04:00:00Z Between the impending launch of Facebook’s Libra and China’s proposed central-bank digital currency, events now could reshape global finance for a generation. Will Covid make countries drop cash and adopt digital currencies? | Kenneth Rogoff 2020-08-06T04:00:00Z FINMA, the Swiss regulator, did not elaborate beyond a statement here in April confirming receipt of Libra's application for a payments licence. Facebook cryptocurrency Libra to launch as early as January but scaled back: FT 2020-11-27T05:00:00Z It said Libra, alongside partners like payment firms and credit card companies, would create a digital token backed by a wide mixture of currencies and short-term government debt. Facebook-backed crypto project Diem to launch U.S. stablecoin in major shift 2021-05-12T04:00:00Z When Mr. Zuckerberg testified before the House Financial Services Committee last year regarding a cryptocurrency project Facebook is pursuing called Libra, Democrats instead quizzed him on his relationships with conservative media personalities. Big Tech CEOs expect to be grilled over antitrust issues, role in elections by Congress 2020-07-28T04:00:00Z A year ago, it unveiled plans for the Libra cryptocurrency, only to be met with a backlash from central banks. Communication collapse: Inside Facebook's tussle with Brazil's central bank 2020-07-16T04:00:00Z The crash happened just after 9 p.m. on Christmas Day after Libra failed to stop at a stop sign at the intersection of a city street and U.S. Shelton woman gets jail for causing fatal 2018 crash 2020-06-08T04:00:00Z Novi’s logo ditches this old design in favor of a stylized version of its name, with the Libra logo contained within its “o.” Facebook renames Calibra digital wallet to Novi 2020-05-26T04:00:00Z In April 2020, Libra and its partners abandoned plans to hold a basket of currencies and sovereign debt in favor of stablecoins backed by major currencies and sought the Swiss regulator's approval. Facebook-backed crypto project Diem to launch U.S. stablecoin in major shift 2021-05-12T04:00:00Z Air signs — Gemini, Libra and Aquarius — enjoy mental agility and social pursuits. Distance learning isn’t just for kids: 12 online classes to nurture the mind, body and soul 2020-05-13T04:00:00Z The Libra Association, based in Geneva, said last month that it aims to have its coins ready in late 2020. Facebook’s independent oversight board could be overwhelmed by the challenge 2020-05-07T04:00:00Z “The Libra project holds the promise of increasing financial inclusion for billions of unbanked people”, the company said in a statement. Payment service provider Checkout.com to join Facebook's Libra Association 2020-04-28T04:00:00Z Facebook did not announce a launch date for Novi or Libra as part of today’s announcement, noting only that an “early version” of Novi will be launched when the Libra network is available. Facebook renames Calibra digital wallet to Novi 2020-05-26T04:00:00Z The social media giant said it hoped Libra would power transactions between consumers and businesses around the globe, and offer more people access to financial services. Facebook-backed crypto project Diem to launch U.S. stablecoin in major shift 2021-05-12T04:00:00Z The Libra Association, set up last year by Facebook, now plans to develop a handful of stablecoins each representing a different fiat currency. Coronavirus misinformation is putting Facebook to the test 2020-04-17T04:00:00Z Members of the Libra Association said they wanted to complement, rather than compete with, national currencies. Facebook-Backed Libra Cryptocurrency Project Is Scaled Back 2020-04-16T04:00:00Z Libra also said it would bolster protections for the Libra Coin’s reserve in case of “extreme market distress”. Facebook's Libra cryptocurrency revamped after backlash 2020-04-16T04:00:00Z The company said last month it was still planning to offer the Libra token but was also working on digital versions of government-backed currencies. G20 sets ground rules ahead of Facebook's Libra stablecoin 2020-04-14T04:00:00Z “Libra” uses Oswald as a way to get into America’s postwar conspiracy-minded disillusionment. Review: ‘The Gringa,’ at once a naif and a radical 2020-03-16T04:00:00Z I would be lying if I told you I understood what that means, or what Libra is, or why it is moving forward. Coronavirus misinformation is putting Facebook to the test 2020-04-17T04:00:00Z Facebook’s new strategy could meet less resistance from financial regulators, who fear the social network’s influence over the direction of Libra. Jack Dorsey is in for the fight of his life 2020-03-04T05:00:00Z Another change is that Libra plans to strengthen safeguards on money laundering or terrorist financing. Facebook's Libra cryptocurrency revamped after backlash 2020-04-16T04:00:00Z The Libra Association, which Facebook founded to create the currency, will continue its work, the reports said. Facebook 'rethinks' plans for Libra cryptocurrency 2020-03-03T05:00:00Z Instead, Facebook’s Libra project will reportedly transition to supporting both existing government-backed currencies, like the US dollar and the euro, and the Libra token when it is eventually completed and ready to launch. Facebook is shifting its Libra cryptocurrency plans after intense regulatory pressure 2020-03-03T05:00:00Z Facebook announced in June last year a plan to launch Libra in partnership with other members of the Libra association, but the project quickly ran into trouble with skeptical regulators around the world. Facebook to scale back on its Libra plans: The Information 2020-03-03T05:00:00Z The move is being seen as a direct response to the intense regulatory pressure Facebook faced since announcing Libra last year. Jack Dorsey is in for the fight of his life 2020-03-04T05:00:00Z Adding to Libra’s original goals of bringing financial services to people who lack access to banks, Libra said the redesign would now help governments transform payments systems. Facebook's Libra cryptocurrency revamped after backlash 2020-04-16T04:00:00Z The plan will include Libra, the company said in response. Facebook 'rethinks' plans for Libra cryptocurrency 2020-03-03T05:00:00Z The wallet will now support multiple currencies, of which Libra will be just one. Facebook is shifting its Libra cryptocurrency plans after intense regulatory pressure 2020-03-03T05:00:00Z Facebook’s Libra proposal is the subject of a preliminary antitrust investigation by the EU. The regulatory fights facing every major tech company 2020-03-03T05:00:00Z Facebook announced in June last year its plan to launch Libra in partnership with other members of the association, but the project soon ran into trouble with skeptical regulators around the world. Shopify to join Facebook-led Libra currency group 2020-02-21T05:00:00Z The original plan was for Libra, which was unveiled last June, to be backed by a wide mixture of currencies and government debt. Facebook's Libra cryptocurrency revamped after backlash 2020-04-16T04:00:00Z Of earlier reports that it might drop Libra itself, the firm said: "Facebook remains fully committed to the project." Facebook 'rethinks' plans for Libra cryptocurrency 2020-03-03T05:00:00Z A major corporate initiative, a cryptocurrency called Libra, landed in Washington with a discernible thud. How conservatives learned to wield power inside Facebook 2020-02-20T05:00:00Z Also widely cited are expectations that cryptocurrencies will go mainstream, as central banks step up their research into digital currencies after Facebook’s push to offer its Libra coin. Is bitcoin's 2020 rally another flash in the pan? 2020-02-13T05:00:00Z Libra Association did not immediately respond to Reuters request for comment. Shopify to join Facebook-led Libra currency group 2020-02-21T05:00:00Z Alongside these, Libra said it will also offer a revamped “Libra Coin”, a composite of some of the single-currency tokens, potentially for use in cross-border remittances. Facebook's Libra cryptocurrency revamped after backlash 2020-04-16T04:00:00Z Facebook announced in June last year that it would launch the Libra digital currency, with a goal of making payments easier and cheaper. Facebook 'rethinks' plans for Libra cryptocurrency 2020-03-03T05:00:00Z “But there are risks,” Brainard said, in a partial reprisal of her own and other global central bankers’ worries about the rise of private digital payment systems and currencies, including Facebook’s Libra digital currency project. Fed looking into central bank digital coins, Brainard says 2020-02-05T05:00:00Z Spurred by the rise of cryptocurrencies and Facebook’s plans to launch its Libra currency, central banks worldwide are looking into the possibility of issuing digital money to prevent the loss of state control over money. French central banker says digital currency cannot be private 2020-01-25T05:00:00Z I can’t remember the last time Libra got any good news. PSA: Never open a WhatsApp message from the crown prince of Saudi Arabia 2020-01-23T05:00:00Z In October, the world's biggest economies warned cryptocurrencies such as Libra pose a risk to the global financial system. Vodafone quits Facebook's Libra currency 2020-01-21T05:00:00Z Not even the worldwide association Facebook established for Libra is based in the United States. American firms aren't beholden to America – but that's news to Trump 2020-01-11T05:00:00Z He is a balanced Libra and I am a full-speed-ahead Aries, nearly opposite ends of the zodiac. L.A. Affairs: He was perfect. Tall, dark, handsome – and Jewish too. I turned him down. 2020-01-04T05:00:00Z The social media giant unveiled plans to launch a new digital currency, called Libra, next year. What were the top business stories of 2019? 2019-12-30T05:00:00Z Libra did not immediately respond to a request for comment. Facebook's Libra has failed in current form: Swiss president 2019-12-27T05:00:00Z I went home with Rolf – a Libra, of all things! To hell with gentrification's obsession with better, richer, prettier – give me grime | Jessa Crispin 2019-12-24T05:00:00Z The company’s most notable effort with blockchains is the Libra cryptocurrency, which aims to create money outside the control of any one company. Twitter and Facebook Want to Shift Power to Users. Or Do They? 2019-12-18T05:00:00Z Facebook is facing the heat over its handling of user data, misinformation campaigns on the platform, as well as its plan for a global cryptocurrency called Libra. Facebook no longer among Glassdoor's top 10 workplaces 2019-12-11T05:00:00Z As Facebook’s plan for its Libra “stablecoin” faces scrutiny, a global body of regulators from the world’s main financial centers said that Big Tech’s growing tentacles raised questions for financial stability, competition and data privacy. Global financial watchdogs take aim at Big Tech's data dominance 2019-12-08T05:00:00Z Earlier this year, Apple launched a credit card, the Apple Card, in partnership with Goldman Sachs, and Facebook announced Libra, a cryptocurrency it’s attempting to launch with a collection of other tech and finance companies. Google plans to offer checking accounts next year 2019-11-13T05:00:00Z I made the dumb decision not to go home with Ramsin – another Libra – despite wanting to. To hell with gentrification's obsession with better, richer, prettier – give me grime | Jessa Crispin 2019-12-24T05:00:00Z Yet despite committing misdeed after misdeed, the social media behemoth is pushing on a with a sinister cryptocurrency that it co-founded: Libra. Here's why Facebook's Libra cryptocurrency is worrying politicians and people worldwide 2019-11-10T05:00:00Z Facebook is working on a digital currency called Libra, which the company says will allow for easier buying and selling across the internet. Fewer protections come with digital payments like Apple Cash 2019-11-06T05:00:00Z The question of bank resilience was lent particular urgency by the prospect of other tech companies following Facebook’s Libra project in making moves into finance, further straining banks’ competitiveness. Europe's banks must brace for coming digital storm: ECB's Schnabel 2019-11-06T05:00:00Z Libra would be pegged to bank deposits and government securities across several currencies such as the dollar and euro. Australia to press Facebook for details on Libra cryptocurrency: newspaper 2019-11-05T05:00:00Z The Gold Star had this way of convincing me I was attracted to Libras, is I guess what I am saying. To hell with gentrification's obsession with better, richer, prettier – give me grime | Jessa Crispin 2019-12-24T05:00:00Z What exactly is Libra, and why are lawmakers concerned? Here's why Facebook's Libra cryptocurrency is worrying politicians and people worldwide 2019-11-10T05:00:00Z The social media firm said in June it planned to launch its Libra digital currency next year. Alarmed by Libra, EU to look into issuing public digital currency: draft 2019-11-05T05:00:00Z “The big danger I see is that at some point we see a market entry by a big tech company. Libra is just a taster,” she said. Europe's banks must brace for coming digital storm: ECB's Schnabel 2019-11-06T05:00:00Z Mr. Zuckerberg visited the committee to talk about Libra, his company’s cryptocurrency project, but he was grilled by Rep. Alexandria Ocasio-Cortez over his ongoing effort to build relationships with political conservatives. Media Matters to fly plane over Facebook office with message criticizing openness to conservatives 2019-11-04T05:00:00Z Also: Dorsey said “hell no” when asked if Twitter will ever join Libra, at a media event in New York City. Facebook’s embrace of Breitbart doesn’t add up 2019-10-29T04:00:00Z The term Libra derives from the basic Roman measurement of weight, as noted by The Guardian. Here's why Facebook's Libra cryptocurrency is worrying politicians and people worldwide 2019-11-10T05:00:00Z As part of a global push against Libra, the G7 group of wealthy nations said last month that stablecoins should not be allowed to launch until international risks they posed were addressed. Alarmed by Libra, EU to look into issuing public digital currency: draft 2019-11-05T05:00:00Z Apple recently released a credit card in partnership with Goldman Sachs, and Facebook revealed its plans to remake global finance with its Libra cryptocurrency — an effort that is increasingly losing momentum. Uber Money is the company’s latest attempt to expand into financial services 2019-10-28T04:00:00Z Sun’s comments at the Bund Summit in China’s commercial hub underscore Beijing’s antagonism toward Libra as global regulators wrestle over how to deal with the U.S. social networking platform’s plans to launch its own cryptocurrency. Emerging markets need more say on digital currencies: Chinese official 2019-10-28T04:00:00Z This is all in spite of a huge charm offensive by Facebook since it announced Libra in June. The Week in Tech: Google’s Quantum Leap 2019-10-25T04:00:00Z According to Libra’s website, unlike other forms of cryptocurrency, Libra is supported by a reserve of real assets. Here's why Facebook's Libra cryptocurrency is worrying politicians and people worldwide 2019-11-10T05:00:00Z The company’s chief executive, Mark Zuckerberg, was called to the House Financial Services Committee on Wednesday to defend his new cryptocurrency project, Libra. This Week in Business: Zuckerberg Gets Grilled, and Boeing Goes from Bad to Worse 2019-10-27T04:00:00Z The Facebook chief executive went to Washington this week, appearing for the first time in a year before a collection of cranky lawmakers to talk about his company’s attempt to launch a cryptocurrency called Libra. Opinion | Facebook has so many problems, it really has none 2019-10-24T04:00:00Z Governments of emerging markets, particularly those enforcing capital controls, such as China, needed to be aware of Libra’s implications for such curbs, he added. Emerging markets need more say on digital currencies: Chinese official 2019-10-28T04:00:00Z When Mark Zuckerberg showed up in Washington on Wednesday, he expected to argue for his company’s Libra cryptocurrency project before the House Financial Services Committee. The Week in Tech: Google’s Quantum Leap 2019-10-25T04:00:00Z “A basket of currencies and assets will be held in the Libra Reserve for every Libra that is created, building trust in its intrinsic value,” the Libra Association states. Here's why Facebook's Libra cryptocurrency is worrying politicians and people worldwide 2019-11-10T05:00:00Z Twitter will never join Libra, CEO Jack Dorsey said today at a Twitter media event in New York City. Jack Dorsey says "hell no" to joining Libra 2019-10-24T04:00:00Z And what about Libra, blessing to the unbanked and bane of central bankers concerned the global currency-to-be will threaten their monetary sovereignty? Opinion | Facebook has so many problems, it really has none 2019-10-24T04:00:00Z For China, a digital currency such as Libra must strictly abide by forex regulations, and must not replace the yuan currency in domestic transactions, or “it should be banned,” Sun said. Emerging markets need more say on digital currencies: Chinese official 2019-10-28T04:00:00Z California Democrat Brad Sherman said that rather than benefit the world’s poor, as Zuckerberg has claimed, Libra would help “drug dealers and tax evaders.” US briefing: Syria ceasefire, impeachment and Zuckerberg in Congress 2019-10-24T04:00:00Z Libra is trying to sell itself as accessible, and is promoted as able to be transferred with a mere text message. Here's why Facebook's Libra cryptocurrency is worrying politicians and people worldwide 2019-11-10T05:00:00Z On the other, if today was supposed to advance Facebook’s case that Libra is a good thing for the world, it’s not clear to me that it succeeded. After this week’s hearing, Libra really might be in trouble 2019-10-24T04:00:00Z Representative Patrick McHenry of North Carolina, the top-ranking Republican, said that Democrats were going too far in trying to rein in new technology like Libra. Facebook’s Zuckerberg, Accused of Lying, Withstands a Washington ‘Beating’ 2019-10-23T04:00:00Z He plans to say that Libra is most beneficial to millions of people around the world who lack access to bank accounts and other financial services. Facebook’s Zuckerberg takes broad lashing on Libra, 2020 election and civil rights at congressional hearing 2019-10-23T04:00:00Z Mark Zuckerberg withered under tough questioning from Alexandria Ocasio-Cortez on Wednesday, as the Facebook chief faced the progressive congresswoman and other lawmakers at a congressional hearing on his firm’s planned digital currency, Libra. US briefing: Syria ceasefire, impeachment and Zuckerberg in Congress 2019-10-24T04:00:00Z David Marcus, the co-creator of Libra, said on Twitter at the time he would caution “against reading the fate of Libra into this update.” Here's why Facebook's Libra cryptocurrency is worrying politicians and people worldwide 2019-11-10T05:00:00Z It’s hard to say at this juncture whether Libra remains a viable project. After this week’s hearing, Libra really might be in trouble 2019-10-24T04:00:00Z Libra is a prospective digital currency that intends to be governed by a nonprofit organization, the Libra Association, which lost several companies as charter members last week including Visa, Mastercard, and PayPal. Mark Zuckerberg’s cryptocurrency venture could be used as economic weapon, panel warns 2019-10-23T04:00:00Z He said the Libra Association “will be driving the project from now on.” Facebook’s Zuckerberg takes broad lashing on Libra, 2020 election and civil rights at congressional hearing 2019-10-23T04:00:00Z If the Libra Association decided to move forward without this regulatory approval, Zuckerberg confirmed that Facebook “would be forced to leave the Association.” Congress isn’t buying Mark Zuckerberg’s pitch for Libra 2019-10-23T04:00:00Z But Zuckerberg sidestepped an attempt to pin him down on promising a moratorium on plans for Libra. 'You're trying to help drug dealers': Zuckerberg faces angry lawmakers at Libra hearing 2019-10-23T04:00:00Z “I would caution against reading the fate of Libra into this update,” David Marcus said earlier this month, in a tweet that struck me as being at great risk of not aging well. After this week’s hearing, Libra really might be in trouble 2019-10-24T04:00:00Z Rep. Brad Sherman, California Democrat, said that Libra would effectively become the “Zuck buck” and that Mr. Zuckerberg would be “making powerful burglary tools and letting your business partners commit the burglary.” Mark Zuckerberg’s cryptocurrency venture could be used as economic weapon, panel warns 2019-10-23T04:00:00Z “And maybe it’s not about Libra. It’s not just about some housing ads. And maybe it’s not even really about Facebook at all.” Facebook’s Zuckerberg takes broad lashing on Libra, 2020 election and civil rights at congressional hearing 2019-10-23T04:00:00Z But the Facebook boss promised Libra would not be launched anywhere without the approval of US regulators. Congress grills Facebook boss over currency plan 2019-10-23T04:00:00Z The Democratic congressman Brad Sherman of California criticized Zuckerberg’s claims that Libra will help poor and unbanked people around the world enter the financial system. 'You're trying to help drug dealers': Zuckerberg faces angry lawmakers at Libra hearing 2019-10-23T04:00:00Z In the meantime, for all their dramatizing, the lawmakers who spoke today seemed sincere in their concerns about the havoc Libra might wreak havoc on the global financial system. After this week’s hearing, Libra really might be in trouble 2019-10-24T04:00:00Z “The goal of Libra is to build a global payment system rather than a currency,” Mr. Zuckerberg said. Mark Zuckerberg’s cryptocurrency venture could be used as economic weapon, panel warns 2019-10-23T04:00:00Z “Right now there’s a growing sentiment that we may never see Libra live and that’s just a potential setback for the entire crypto space.” Bitcoin plunges to five-month low vs dollar after Zuckerberg testimony 2019-10-23T04:00:00Z Mr Zuckerberg told the hearing he understood the reservations about Libra but was determined to persevere with the project. Congress grills Facebook boss over currency plan 2019-10-23T04:00:00Z “It would be beneficial for all if Facebook concentrates on addressing its many existing deficiencies and failures before proceeding any further on the Libra project,” Waters said. 'You're trying to help drug dealers': Zuckerberg faces angry lawmakers at Libra hearing 2019-10-23T04:00:00Z Trending sideways: There was fodder for all sides to claim partial victory after today’s big Libra hearing. After this week’s hearing, Libra really might be in trouble 2019-10-24T04:00:00Z France and Germany pledged to block Libra in Europe and backed development of a public cryptocurrency instead. Factbox: Facebook's cryptocurrency Libra and digital wallet Calibra 2019-10-23T04:00:00Z Libra is intended to be a digital currency backed by a reserve of real-world assets, including bank deposits and short-term government securities, and held by a network of custodians. Bitcoin plunges to five-month low vs dollar after Zuckerberg testimony 2019-10-23T04:00:00Z "It would be beneficial for all if Facebook concentrates on addressing its many existing deficiencies and failures before proceeding any further on the Libra project." Congress grills Facebook boss over currency plan 2019-10-23T04:00:00Z She previously called David Marcus, the Facebook executive who is now leading the Libra project, to testify before the committee in July. Zuckerberg faces grilling on Facebook's ambitious digital currency plans 2019-10-23T04:00:00Z Talk to us Send us tips, comments, questions, and Libra testimony: casey@theverge.com and zoe@theverge.com. After this week’s hearing, Libra really might be in trouble 2019-10-24T04:00:00Z Libra transactions will be powered and recorded by a blockchain, a shared ledger of transactions maintained by a network of computers. Factbox: Facebook's cryptocurrency Libra and digital wallet Calibra 2019-10-23T04:00:00Z Zuckerberg, in written testimony prepared for the hearing, aimed to reassure lawmakers that his company won’t try to evade financial regulators as it readies Libra. Zuckerberg appears in Congress as Facebook faces scrutiny 2019-10-22T04:00:00Z Zuckerberg, in written testimony prepared for the hearing, aimed to reassure lawmakers that his company won’t try to evade financial regulators as it readies Libra. Zuckerberg appears in Congress as Facebook faces scrutiny 2019-10-23T04:00:00Z Facebook originally brought on 27 partners to join a Libra Association in Switzerland that is supposed to govern the network. Zuckerberg to Admit That Facebook Has Trust Issues 2019-10-22T04:00:00Z Mark Zuckerberg, Facebook’s chief executive, is scheduled to testify on Wednesday before federal lawmakers about its plan to create a cryptocurrency called Libra, as well as online privacy and discriminatory advertising on the site. Facebook Pledges $1 Billion to Ease Housing Crisis Inflamed by Big Tech 2019-10-22T04:00:00Z The Libra blockchain will be permissioned, meaning only entities authorized by the governing association will be able to run the computers. Factbox: Facebook's cryptocurrency Libra and digital wallet Calibra 2019-10-23T04:00:00Z Facebook “will not be a part of launching the Libra payments system anywhere in the world unless all U.S. regulators approve it,” he said. Zuckerberg appears in Congress as Facebook faces scrutiny 2019-10-22T04:00:00Z Facebook “will not be a part of launching the Libra payments system anywhere in the world unless all U.S. regulators approve it,” he said. Zuckerberg appears in Congress as Facebook faces scrutiny 2019-10-23T04:00:00Z In his testimony, Mr. Zuckerberg is expected to promote the benefits of Libra. Zuckerberg to Admit That Facebook Has Trust Issues 2019-10-22T04:00:00Z In the statement, Zuckerberg also argued that Libra would improve millions of people’s access to the banking system and that its development would extend America’s financial leadership. Facebook could delay embattled Libra project, Zuckerberg to tell Congress 2019-10-22T04:00:00Z In prepared testimony made available on Tuesday, Zuckerberg plans to tell lawmakers he supports delaying Libra’s launch, currently set for mid-2020, until U.S. regulatory concerns are fully addressed. Zuckerberg to tell Congress Facebook is 'not the ideal messenger' for Libra currency 2019-10-22T04:00:00Z David Marcus’ concession here strikes me as the most serious sign yet that Libra is in trouble. Facebook goes on offense ahead of next year’s elections 2019-10-22T04:00:00Z And on Wednesday, Mark Zuckerberg, Facebook’s chief executive, is expected to testify about Libra at a hearing held by the House Financial Services Committee. Facebook Lays On the Charm for Its Libra Cryptocurrency Plan 2019-10-21T04:00:00Z The Facebook CEO is set to testify Wednesday before the House Financial Services Committee in a hearing that will likely focus on the social media company's plans to launch a new digital currency called Libra. Mark Zuckerberg made staff recommendations to Pete Buttigieg's campaign 2019-10-21T04:00:00Z But he said Facebook would not be a part of launching the payments system unless all US regulators approve it, and that the company supports delaying Libra’s launch until US regulatory concerns are addressed. Facebook could delay embattled Libra project, Zuckerberg to tell Congress 2019-10-22T04:00:00Z And he will add that the Libra digital currency is intended to facilitate money transfers, not to compete with sovereign currencies or impact monetary policy. Zuckerberg to tell Congress Facebook is 'not the ideal messenger' for Libra currency 2019-10-22T04:00:00Z Governing ⭐ A G7 report warned that cryptocurrencies like Libra raise antitrust concerns and shouldn’t be permitted until regulatory risks are addressed. Facebook goes on offense ahead of next year’s elections 2019-10-22T04:00:00Z The Libra project was secretly incubated inside Facebook for over a year. Facebook Lays On the Charm for Its Libra Cryptocurrency Plan 2019-10-21T04:00:00Z After that, officials continued to discuss a government-controlled digital currency in speeches and articles, and after Libra was announced, China declared that it was accelerating its efforts. China’s Cryptocurrency Plan Has a Powerful Partner: Big Brother 2019-10-18T04:00:00Z Though Libra was developed by Facebook, the company said the digital asset would be based in Switzerland and controlled by the Libra Association, a not-for-profit made up of a collective of international companies. Facebook could delay embattled Libra project, Zuckerberg to tell Congress 2019-10-22T04:00:00Z Zuckerberg insists in his testimony that Facebook does not want to skirt regulators in establishing Libra, and says that the product would not launch anywhere in the world until all U.S. regulators are satisfied. Zuckerberg to tell Congress Facebook is 'not the ideal messenger' for Libra currency 2019-10-22T04:00:00Z Mark Zuckerberg is expected to feel the pressure mount further next week when he heads for a grilling at the US House of Representatives over Libra. How the wheels came off Facebook's Libra project 2019-10-18T04:00:00Z In the United States, President Trump and his Treasury secretary, Steven Mnuchin, harshly criticized Libra, as did politicians from both parties. Facebook Lays On the Charm for Its Libra Cryptocurrency Plan 2019-10-21T04:00:00Z Facebook says Calibra, its digital wallet for holding and spending Libra, will require ID verification, and the company is vowing to use your financial data responsibly. China’s Cryptocurrency Plan Has a Powerful Partner: Big Brother 2019-10-18T04:00:00Z Several companies signed on to the Libra charter in the Libra Association’s first meeting on Tuesday of last week securing their places as initial members of the Libra council. Facebook could delay embattled Libra project, Zuckerberg to tell Congress 2019-10-22T04:00:00Z Facebook unveiled Libra, a stablecoin backed by currencies from the dollar to the euro and government debt, in June, as part of its push into e-commerce and global payments. 'Stablecoins' could hinder efforts to stamp out money laundering: global watchdog 2019-10-18T04:00:00Z With 2 billion Facebook users, Libra could become systemically important for the global financial system overnight. How the wheels came off Facebook's Libra project 2019-10-18T04:00:00Z After the Libra Association formalized its list of partners last week — a list that notably did not include any major banking or finance companies — a steady stream of regulators went public with their concerns. Facebook Lays On the Charm for Its Libra Cryptocurrency Plan 2019-10-21T04:00:00Z Libra is promising to do 1,000, at least at the start. China’s Cryptocurrency Plan Has a Powerful Partner: Big Brother 2019-10-18T04:00:00Z He’s trying to answer their regulatory concerns and rally more support for Libra in the United States — which appears to be collapsing. What Mark Zuckerberg’s big talk about free speech left out 2019-10-18T04:00:00Z The Group of Seven wealthy nations said on Thursday stablecoins such as Libra should not be allowed to launch until the risks they pose are addressed. 'Stablecoins' could hinder efforts to stamp out money laundering: global watchdog 2019-10-18T04:00:00Z Bruno Le Maire, the French finance minister, warned in the Financial Times this week that Libra poses a threat to national sovereignty. How the wheels came off Facebook's Libra project 2019-10-18T04:00:00Z A day later, the finance minister of France, Bruno Le Maire, wrote in the Financial Times that Libra was “unacceptable for both economic and political reasons.” Facebook Lays On the Charm for Its Libra Cryptocurrency Plan 2019-10-21T04:00:00Z China wants to start replacing the cash that people carry with a digital currency soon, a long-discussed project that went into overdrive after Libra was unveiled in June. China’s Cryptocurrency Plan Has a Powerful Partner: Big Brother 2019-10-18T04:00:00Z Next week, he will be in Washington for a hearing on the company’s cryptocurrency project, called Libra. Defiant Zuckerberg Says Facebook Won’t Police Political Speech 2019-10-17T04:00:00Z Facebook says Libra is designed to address inefficiencies in the global payments system, which is beset by high fees, lengthy transfer times and a lack of reliability. Facebook's Libra cryptocurrency faces new hurdle from G7 nations 2019-10-17T04:00:00Z However, with mounting regulatory pressures, the time and cost of building Libra to settle those concerns could quickly spiral. How the wheels came off Facebook's Libra project 2019-10-18T04:00:00Z Libra’s creator, Sentis, said it “would like to apologize publicly” in response to Brydge’s complaint, and that it does not expect product delays because of the redesign. Libra keyboard design will be changed to avoid Brydge patent, creator says 2019-10-16T04:00:00Z Libra, which is being pitched as a “stable” currency “for the whole world,” will be pegged to a basket of low-volatility fiat currencies such as, for example, the U.S. dollar and the Japanese yen. Facebook’s Audacious Pitch for a Global Cryptocurrency 2019-07-30T04:00:00Z “Everyone will play their role,” the Facebook executive said of the 28 initial founding members of his Libra scheme. Where it all went wrong for Facebook’s Libra 2019-10-16T04:00:00Z I would caution against reading the fate of Libra into this update. Analysis | The Technology 202: Airbnb now part of Congress's debate over Silicon Valley's legal shield 2019-10-14T04:00:00Z The Bank of England warned earlier this month that Libra would need to meet similar standards to traditional banks. How the wheels came off Facebook's Libra project 2019-10-18T04:00:00Z Brydge says that, based on the images posted, the Libra keyboard still infringes on its patent. Libra keyboard design will be changed to avoid Brydge patent, creator says 2019-10-16T04:00:00Z The Libra Association, a body set up by Facebook to oversee the project, said on Monday that the cryptocurrency’s launch, planned for June 2020, may be delayed because of regulatory hurdles. Risks from Facebook's Libra must be addressed before launch: Bank of France official 2019-10-15T04:00:00Z One person closely involved with Libra said they believed early conversations with the U.S. Where it all went wrong for Facebook’s Libra 2019-10-16T04:00:00Z He cautioned against "reading into the fate of Libra" based on the news. Analysis | The Technology 202: Airbnb now part of Congress's debate over Silicon Valley's legal shield 2019-10-14T04:00:00Z Building a payment system to meet the myriad of bank regulations could rapidly erode the high-tech competitive advantages that would make Libra quicker and cheaper. How the wheels came off Facebook's Libra project 2019-10-18T04:00:00Z The withdrawals leave Libra with no major US payment processor since PayPal left the association earlier this month. Facebook’s decision to allow lies in political ads is coming back to haunt it 2019-10-15T04:00:00Z The Libra Association, the nonprofit that will govern the currency, officially signed on 21 charter members on Monday at the organization’s inaugural meeting in Geneva. Despite defections, Facebook officially launches Libra 2019-10-14T04:00:00Z In Geneva on Monday, the remaining members of the Libra Association held their inaugural meeting, bringing together executives from more than 20 different companies across the world. Libra Association announces new board members after recent departures 2019-10-14T04:00:00Z The Libra Association’s founding members were set to meet Monday in Geneva and determine a charter for the nonprofit. Facebook’s Libra Association has now lost a quarter of its original members 2019-10-14T04:00:00Z “I get the sense that they’ll get hit harder on those areas for Libra. And I don’t think Zuckerberg is the politicians’ favourite person. How the wheels came off Facebook's Libra project 2019-10-18T04:00:00Z Libra did announce new board members today after a meeting in Geneva. Facebook’s decision to allow lies in political ads is coming back to haunt it 2019-10-15T04:00:00Z A spokesperson said on Friday Visa will not join Libra at this time, but the final decision will be based on different factors including the association’s ability to fully satisfy regulatory expectations. Factbox: Facebook's Libra in trouble as firms jump ship 2019-10-14T04:00:00Z Only one payment processor remains involved with the Libra Association: PayU, a Dutch company focused on mobile and web payments in the European market. Libra Association announces new board members after recent departures 2019-10-14T04:00:00Z This is hardly surprising, given growing awareness of Libra’s potential adverse consequences. Libra: will Facebook's new currency be stopped in its tracks? 2019-10-14T04:00:00Z However, governments and central banks around the world are worried they could lose control of their monetary policy if significant chunks of activity shifted to Libra. How the wheels came off Facebook's Libra project 2019-10-18T04:00:00Z Members will review a charter and appoint a board at the Libra meeting, which will be held in Geneva, the Wall Street Journal reported this month. Facebook's Libra faces support test after big payment backers quit 2019-10-14T04:00:00Z A Stripe spokesperson confirmed on Friday it is exiting Libra. Factbox: Facebook's Libra in trouble as firms jump ship 2019-10-14T04:00:00Z Libra is not the only digital currency that faces scrutiny. Facebook's digital currency dealt another blow 2019-10-13T04:00:00Z If it offers anonymity to its users, Libra will become a platform for tax evasion, money laundering and terrorist finance. Libra: will Facebook's new currency be stopped in its tracks? 2019-10-14T04:00:00Z Mark Carney, the governor of the Bank of England, told McGovern and other MPs on the Commons Treasury committee that Libra should be heavily regulated worldwide “or it’s not going to happen”. How the wheels came off Facebook's Libra project 2019-10-18T04:00:00Z Libra also poses new questions for the social network: Given that cryptocurrency is lightly regulated now, if at all, how will financial regulators oversee Facebook’s plan? Facebook’s Libra currency battered by defections, pushback 2019-10-12T04:00:00Z The fintech startup, added it will be following progress on Libra cryptocurrency closely, and will be open to working with the libra association at a later stage. Factbox: Facebook's Libra in trouble as firms jump ship 2019-10-14T04:00:00Z The Libra Association, including Facebook, will hold its first board meeting in Geneva on Monday. Facebook's digital currency dealt another blow 2019-10-13T04:00:00Z Then there are the dangers Libra poses to economic and financial stability. Libra: will Facebook's new currency be stopped in its tracks? 2019-10-14T04:00:00Z Threadneedle Street insiders believe Libra was probably planned with too many technologists and too few economists to think about its risks to the world economy. How the wheels came off Facebook's Libra project 2019-10-18T04:00:00Z She also dismissed the idea that Facebook needs partner companies such as MasterCard or Visa in order to keep Libra afloat. Facebook’s Libra currency battered by defections, pushback 2019-10-12T04:00:00Z Facebook faces a rough road ahead with Libra, but defections by high-profile partners are still unlikely to spell the end for the digital currency. Facebook’s Libra currency battered by defections, pushback 2019-10-12T04:00:00Z A spokesman for the Libra Association declined to comment. Facebook's digital currency dealt another blow 2019-10-13T04:00:00Z If the prices of the bonds in the reserve portfolio fall in response to an unexpected rise in interest rates, for example, those bonds may then be inadequate to redeem all the Libra in circulation. Libra: will Facebook's new currency be stopped in its tracks? 2019-10-14T04:00:00Z He argued that even regulation would not be enough to address the risks posed, “because Libra is asking states to share their monetary sovereignty with private companies”. How the wheels came off Facebook's Libra project 2019-10-18T04:00:00Z While they continue to support the idea of Libra, the companies said, they will no longer be part of the coalition that is backing the effort. Facebook’s Libra Cryptocurrency Faces Exodus of Partners 2019-10-11T04:00:00Z On Friday, Visa and MasterCard announced their departures from the Libra project, as did e-commerce giant eBay and payments startup Stripe. Facebook’s Libra currency battered by defections, pushback 2019-10-12T04:00:00Z However, Facebook's executive in charge of the Libra project said earlier this month that losing the backing of major firms was "liberating". Facebook's digital currency dealt another blow 2019-10-13T04:00:00Z And because Libra operates like a currency board, there will be no lender of last resort. Libra: will Facebook's new currency be stopped in its tracks? 2019-10-14T04:00:00Z Despite the existential threat to its future, Libra still draws support for its potential to revolutionise finance – if it can satisfy central bankers over their concerns. How the wheels came off Facebook's Libra project 2019-10-18T04:00:00Z A spokesman for Stripe said, “We will follow its progress closely and remain open to working with the Libra Association at a later stage.” Facebook’s Libra Cryptocurrency Faces Exodus of Partners 2019-10-11T04:00:00Z When Libra launched on June 18th, it seemed like an alarming new front in Facebook’s megalomaniacal expansion. Why so many companies bailed on Facebook’s Libra project at once 2019-10-11T04:00:00Z It warns that even if Libra's backers address concerns, the project may not get approval from regulators. Facebook's digital currency dealt another blow 2019-10-13T04:00:00Z Libra may also undercut the stabilising capacity of monetary and regulatory policies. Libra: will Facebook's new currency be stopped in its tracks? 2019-10-14T04:00:00Z PayPal was the first of Libra’s big partners to exit, announcing last week it would no longer be involved. Visa, Mastercard shun Facebook’s Libra digital currency plan 2019-10-11T04:00:00Z At the time, the social network positioned Libra as the potential foundation for a new financial system that would not be directed by Wall Street or central banks. Facebook’s Libra Cryptocurrency Faces Exodus of Partners 2019-10-11T04:00:00Z The first to ditch Libra was Paypal, which withdrew on October 4th. Why so many companies bailed on Facebook’s Libra project at once 2019-10-11T04:00:00Z It says backers of digital currencies like Libra must be legally sound, protect consumers and ensure coins are not used to launder money or fund terrorism. Facebook's digital currency dealt another blow 2019-10-13T04:00:00Z While these arguments for Libra are not false, they are superfluous. Libra: will Facebook's new currency be stopped in its tracks? 2019-10-14T04:00:00Z In a statement released on Friday, eBay said it “respected” the Libra project. Mastercard and eBay pull out of Facebook's Libra 2019-10-11T04:00:00Z The partners are important because Libra will be controlled not by the social network but by a broad network of corporations, Facebook said. Facebook’s Libra Cryptocurrency Faces Exodus of Partners 2019-10-11T04:00:00Z It’s not the end for Libra, but the project faces a hard path moving forward — and it’s only getting harder. Why so many companies bailed on Facebook’s Libra project at once 2019-10-11T04:00:00Z The remaining Libra members are facing growing pressure from governments and regulators, many of whom see the project as a threat to the existing financial system. Facebook’s Libra Association crumbling as Mastercard, Stripe, and eBay exit 2019-10-11T04:00:00Z Because Ripple cooperates with commercial banks subject to know-your-customer rules and other regulatory requirements, its payments technology doesn’t pose the same problems as Libra. Libra: will Facebook's new currency be stopped in its tracks? 2019-10-14T04:00:00Z Felix highlighted that Portugal shares the concerns expressed by other European countries about Libra. Portugal cautious about risks posed by Facebook's Libra 2019-10-11T04:00:00Z Yet many world leaders, regulators and central bankers — including President Trump and Treasury Secretary Steven Mnuchin — immediately criticized Libra and the idea of an unregulated currency. Facebook’s Libra Cryptocurrency Faces Exodus of Partners 2019-10-11T04:00:00Z On October 14th, all the founding members are set to convene in Geneva for the first ever Libra Council meeting. Why so many companies bailed on Facebook’s Libra project at once 2019-10-11T04:00:00Z The Libra Association did not immediately respond to a request for comment. Facebook’s Libra Association crumbling as Mastercard, Stripe, and eBay exit 2019-10-11T04:00:00Z The reality is that the same telecoms that successfully lobby against entry into their own industry will lobby against regulatory authorisation for Libra. Libra: will Facebook's new currency be stopped in its tracks? 2019-10-14T04:00:00Z The lawsuit, filed Tuesday in a federal court in New York, accuses the company it believes is Libra’s creator, OGadget, of violating a patent owned by Brydge. Brydge sues Kickstarter for selling iPad keyboard it claims is a clone 2019-10-10T04:00:00Z Facebook declined to comment on Friday and referred questions to the Libra Association, a Swiss organization that the company created to oversee the project. Facebook’s Libra Cryptocurrency Faces Exodus of Partners 2019-10-11T04:00:00Z But for other companies in the Libra Association, that isn’t a problem. Why so many companies bailed on Facebook’s Libra project at once 2019-10-11T04:00:00Z Still, the defections leave Libra in a precarious place as they hope to move beyond initial criticisms of the project. Facebook’s Libra Association crumbling as Mastercard, Stripe, and eBay exit 2019-10-11T04:00:00Z While there are some similarities between Libra and XRP, notable differences also exist. Explainer: Ahead of Libra, XRP cryptocurrency gains toehold in commerce 2019-10-10T04:00:00Z “At the end of the day, what is Libra? Libra is not a little company,” Smith says. Brydge sues Kickstarter for selling iPad keyboard it claims is a clone 2019-10-10T04:00:00Z Senator Sherrod Brown, a Democrat from Ohio on the Senate’s banking committee, applauded the withdrawals of some of Facebook’s partners from Libra. Facebook’s Libra Cryptocurrency Faces Exodus of Partners 2019-10-11T04:00:00Z Still, the troubles with payment processors point to a central problem in the Libra project, one it may no longer be able to solve. Why so many companies bailed on Facebook’s Libra project at once 2019-10-11T04:00:00Z “We highly respect the vision of the Libra Association” “We highly respect the vision of the Libra Association,” eBay said in a statement. Facebook’s Libra Association crumbling as Mastercard, Stripe, and eBay exit 2019-10-11T04:00:00Z Yet Libra’s target audience differs, with Facebook saying it will offer people who lack bank accounts access to easier money transfers. Explainer: Ahead of Libra, XRP cryptocurrency gains toehold in commerce 2019-10-10T04:00:00Z An image of the Libra keyboard is still up on OGadget’s site, but the link to learn more about the product leads to an error page that says the website is “no longer available.” Brydge sues Kickstarter for selling iPad keyboard it claims is a clone 2019-10-10T04:00:00Z Unlike Libra, the Gram was supposed to operate without any central association or foundation, similar to Bitcoin. Facebook’s Libra Cryptocurrency Faces Exodus of Partners 2019-10-11T04:00:00Z In the initial vision, Libra handed those compliance issues off to payment processors, hoping Visa and Mastercard would be able to handle the intricate compliance requirements involved in trading dollars for Libra. Why so many companies bailed on Facebook’s Libra project at once 2019-10-11T04:00:00Z Lawmakers have begun actively pressuring members of the Libra Association, the international blockchain payments project led by Facebook, to reconsider their involvement with the group. Senators pressure Visa and Mastercard over work on Facebook’s blockchain project 2019-10-09T04:00:00Z And while XRP’s value fluctuates, Libra’s doesn’t: it is a “stablecoin” whose backing by traditional assets such as bank deposits and short-term government securities is designed to dampen volatility. Explainer: Ahead of Libra, XRP cryptocurrency gains toehold in commerce 2019-10-10T04:00:00Z If you really, really want your iPad Pro to be a laptop, a new keyboard in crowdfunding called the Libra may be of interest. This keyboard case gives the iPad Pro a pretty good trackpad 2019-10-09T04:00:00Z “The terms of engagement for innovations such as Libra must be adopted in advance of any launch,” the FPC said in a statement. Bank of England sets out rules of engagement for Facebook's Libra 2019-10-09T04:00:00Z Trump, who doesn’t know their identity, dismissed them as a “partisan” on Monday, which is “like eating a steak and saying ‘I can tell the chef is a Libra,’” joked Kimmel. Stephen Colbert on Trump: 'He's gone full god-emperor' 2019-10-08T04:00:00Z The letters come just days after PayPal’s withdrawal from the Libra Association. Senators pressure Visa and Mastercard over work on Facebook’s blockchain project 2019-10-09T04:00:00Z Partner firms would also be able to accept Libra for transactions. PayPal pulls out of Facebook cryptocurrency plans 2019-10-05T04:00:00Z But within the narrow context of writing and text editing, I do enjoy using the Libra. This keyboard case gives the iPad Pro a pretty good trackpad 2019-10-09T04:00:00Z Many of Facebook’s partners also quickly distanced themselves from the Libra project. PayPal Pulls Out of Libra, Facebook’s Cryptocurrency Project 2019-10-04T04:00:00Z The digital payments company said Friday it is withdrawing from the Libra Association and focus on its existing businesses. PayPal drops out of Libra, Facebook’s payments project 2019-10-04T04:00:00Z Thus far, the other Libra members have remained committed to the project, which is still in its early stages. Senators pressure Visa and Mastercard over work on Facebook’s blockchain project 2019-10-09T04:00:00Z The Libra Association will hold the first meeting of its governing body - the Libra Council - on 14 October. PayPal pulls out of Facebook cryptocurrency plans 2019-10-05T04:00:00Z I also don’t think the 120-degree opening angle is wide enough — it’s hard for me to see the Libra screen when using the Libra on my lap. This keyboard case gives the iPad Pro a pretty good trackpad 2019-10-09T04:00:00Z Some partners were wary of how Facebook’s issues with regulators around the world, including privacy and the uncertain legality of cryptocurrencies, might affect Libra. PayPal Pulls Out of Libra, Facebook’s Cryptocurrency Project 2019-10-04T04:00:00Z But the company’s other motive with Libra, and its digital wallet Calibra, is to embed itself in both the financial sector and the bank accounts of its users worldwide. Apple CEO Tim Cook slams Facebook’s Libra cryptocurrency as a power grab 2019-10-04T04:00:00Z “This journey to build a generational payment network like the Libra project is not an easy path.” Senators pressure Visa and Mastercard over work on Facebook’s blockchain project 2019-10-09T04:00:00Z The firm was one of the original members of the Libra Association, a group of 28 companies and non-profits helping to develop Libra. PayPal pulls out of Facebook cryptocurrency plans 2019-10-05T04:00:00Z “We remain supportive of Libra’s aspirations and look forward to continued dialogue on ways to work together in the future,” the company said in a statement. Paypal withdraws from Facebook's Libra Association 2019-10-04T04:00:00Z “For Libra to succeed it needs committed members.” PayPal Pulls Out of Libra, Facebook’s Cryptocurrency Project 2019-10-04T04:00:00Z “We remain supportive of Libra’s aspirations and look forward to continued dialogue on ways to work together in the future,” the statement continues. PayPal withdraws support for Facebook’s Libra cryptocurrency 2019-10-04T04:00:00Z “The Libra Association maintains its commitment to not launch until questions and concerns by regulators are addressed,” Libra Association policy chief Dante Disparte told The Verge. Senators pressure Visa and Mastercard over work on Facebook’s blockchain project 2019-10-09T04:00:00Z Facebook shocked regulators and lawmakers with its announcement in June that it was hoping to launch a digital coin called Libra in 2020. U.S. House panel wants Facebook's Zuckerberg to testify on Libra by January 2019-10-03T04:00:00Z Three months ago, Facebook announced plans to launch a digital currency in June 2020, in partnership with other members of the Libra Association set up by the U.S. tech giant to manage the project. Apple chief weighs in against setting up digital currency 2019-10-03T04:00:00Z Mr. Zuckerberg recently said in an interview that he was committed to making Libra happen. PayPal Pulls Out of Libra, Facebook’s Cryptocurrency Project 2019-10-04T04:00:00Z Losing PayPal does not necessarily signal the eventual unwinding of Libra, but the company was a major financial player, alongside existing members Mastercard and Visa, of the Libra Association. PayPal withdraws support for Facebook’s Libra cryptocurrency 2019-10-04T04:00:00Z The first official meeting of the Libra Association is scheduled to take place later this month. Senators pressure Visa and Mastercard over work on Facebook’s blockchain project 2019-10-09T04:00:00Z Policymakers and financial watchdogs at home and abroad are concerned about the effect of widespread adoption of Libra by the social media company’s 2.38 billion users on the global financial system. U.S. House panel wants Facebook's Zuckerberg to testify on Libra by January 2019-10-03T04:00:00Z Without a network of financial partners that could help transfer currencies into Libra and global retailers to accept it as a form of payment, Libra’s reach would be limited. Why you can’t say ‘men are trash’ on Facebook 2019-10-03T04:00:00Z The Libra Association, a Swiss organization that Facebook created to oversee the project, is planning a meeting for partners in Geneva this month to formalize their participation. PayPal Pulls Out of Libra, Facebook’s Cryptocurrency Project 2019-10-04T04:00:00Z The financial backers to Libra did not want to attract regulatory scrutiny and declined Facebook’s requests to publicly support the project, according to the Journal report. Visa, Mastercard reconsider backing Facebook's Libra: WSJ 2019-10-01T04:00:00Z Update 11:38am: Updated with new comment from the Libra Association. Senators pressure Visa and Mastercard over work on Facebook’s blockchain project 2019-10-09T04:00:00Z And he acknowledged that getting Libra off the ground was going to be "a long road". Zuckerberg: 'You go to the mat and you fight' 2019-10-01T04:00:00Z Federal Reserve Chairman Jerome Powell told legislators he had “serious concerns” about Libra and the company’s timetable of launching it next year. Why you can’t say ‘men are trash’ on Facebook 2019-10-03T04:00:00Z On the plan to launch Libra MZ: There’s a bunch of other regulatory news this week. Read the full transcript of Mark Zuckerberg’s leaked internal Facebook meetings 2019-10-01T04:00:00Z Facebook announced plans to launch the digital currency in June 2020, in partnership with other members of the Libra Association set up by the U.S. tech giant to manage the project. Visa, Mastercard reconsider backing Facebook's Libra: WSJ 2019-10-01T04:00:00Z David Marcus testified about Libra in July, but apparently failed to satisfy lawmakers, who have been increasingly vocal about their concerns. How the spread of child abuse imagery online is changing the debate over encryption 2019-10-01T04:00:00Z The discussions are taking place as the social media giant is facing questions about its market power and its plans for a digital cryptocurrency called Libra. Facebook in talks for Sandberg to testify to House next month 2019-09-28T04:00:00Z "Libras adore high art, intellectualism, and connoisseurship. Suave Libras need to surround themselves with stunning objects and create environments that reflect their exquisite tastes." Max Homa celebrated his dog Scotty's fourth birthday...on Twitter of course - Golf Digest 2019-09-25T04:00:00Z Securities and Exchange Commission repeatedly refused to tell a congressional panel on Tuesday whether or not Facebook’s Libra would be regulated as a security under his watch. U.S. securities chief 'not prepared' to say if Facebook's Libra a security 2019-09-24T04:00:00Z The bots will likely power the company’s digital wallet Calibra, which is being developed in conjunction with Libra. YouTube is only the latest platform to botch its verification program 2019-09-24T04:00:00Z Facebook still aims to launch its Libra digital currency next year, its executive overseeing the project told a Swiss newspaper, as the company presses ahead despite the concerns of authorities around the world. Business Digest: Pa., Wis. lost the most manufacturing jobs in past 12 months 2019-09-20T04:00:00Z The company helped form a new organization, called the Libra Association, that’s incorporated in Switzerland and would manage the currency. Facebook in talks for Sandberg to testify to House next month 2019-09-28T04:00:00Z The Swiss-based Libra Association, the non-profit organization comprising Facebook and 27 other members that plans to launch and oversee the currency, declined to comment on the specific breakdown of the “Libra Reserve”. U.S. dollar to be main currency underpinning Facebook's Libra: Spiegel 2019-09-20T04:00:00Z Libra will be backed by a reserve of real-world assets, including bank deposits and short-term government securities, and overseen by a 28-member organization. Undeterred, Facebook to press on with Libra launch next year:... 2019-09-20T04:00:00Z “This was the whole reason that Facebook along with other members of the Libra Association shared our plans early.” Facebook met UK officials three times before Libra announcement 2019-09-18T04:00:00Z Schrage has remained as vice president of special projects, where he is now working on the Libra mess. Facebook’s oversight board could bring a justice system to a platform that needs one 2019-09-18T04:00:00Z The ads were run by sanitary pad brand Libra last month and showed stained underwear and blood on a woman's legs. Menstrual blood ad complaints rejected in Australia 2019-09-18T04:00:00Z Opposition deepened on Friday, when both France and Germany pledged to block Libra from operating in Europe and backed the development of a public cryptocurrency instead. Factbox: Facebook's cryptocurrency Libra and digital wallet Calibra 2019-09-13T04:00:00Z “It’s unlikely in any case the people will pay for an espresso in Switzerland, Germany or France with Libra in the future,” he said. Undeterred, Facebook to press on with Libra launch next year:... 2019-09-20T04:00:00Z Facebook declined to comment on whether it planned to seek regulation for Libra in Britain. Facebook met UK officials three times before Libra announcement 2019-09-18T04:00:00Z The 19-country euro zone bloc is united in pursuing a tough regulatory approach should Libra seek authorizations to operate in Europe, officials said at the meeting. France, Germany blast Facebook's Libra, back public cryptocurrency 2019-09-13T04:00:00Z Federal Reserve and the Bank of England, will meet with representatives of Libra in Basel on Monday, the FT said, citing officials. Global regulators to question Facebook's Libra amid EU concerns: paper 2019-09-15T04:00:00Z Shortly afterward, Swiss authorities said Libra would be more than just a payments systems and would therefore be subject to extra requirements that typically apply to banks. Factbox: Facebook's cryptocurrency Libra and digital wallet Calibra 2019-09-13T04:00:00Z France says it will block development of Facebook's Libra digital currency in Europe because it threatens the "monetary sovereignty" of governments. France vows to block Facebook's Libra in Europe 2019-09-12T04:00:00Z The Libra Association said last week it planned to apply to become a licensed payments system in Switzerland. Facebook met UK officials three times before Libra announcement 2019-09-18T04:00:00Z The Libra Association, a 28-member organization Facebook is setting up in Switzerland to manage the currency, said it welcomed the feedback. France, Germany blast Facebook's Libra, back public cryptocurrency 2019-09-13T04:00:00Z Facebook outlined its plans for Libra in June, in an announcement that was met with concern by governments and critics of the company. France to block development of Facebook's Libra cryptocurrency 2019-09-12T04:00:00Z Much concern about Libra and other cryptocurrencies centers on the potential of abuse for laundering money or financing crime. Swiss welcome scrutiny in handling Libra cyrptocurrency: watchdog 2019-09-12T04:00:00Z The company said it would set up a nonprofit association headquartered in Geneva with its partners to oversee Libra, putting it under Swiss regulatory authority. Swiss say Facebook’s digital currency plan will face hurdles 2019-09-11T04:00:00Z A spokesman for Britain’s finance ministry declined to comment on Libra. Facebook met UK officials three times before Libra announcement 2019-09-18T04:00:00Z Libra’s plan also would do without financial intermediaries. France, Germany blast Facebook's Libra, back public cryptocurrency 2019-09-13T04:00:00Z “Switzerland offers a pathway for responsible financial services innovation harmonized with global financial norms and strong oversight,” the Libra Association said in a statement. Facebook's Libra seeks payment system license from Swiss FINMA 2019-09-11T04:00:00Z Branson insisted that the Libra project did not choose Switzerland as its base after a “beauty contest” to see where it might face the lightest regulatory touch. Swiss welcome scrutiny in handling Libra cyrptocurrency: watchdog 2019-09-12T04:00:00Z The Facebook-led Libra project is mooted for launch by June next year. Global money-laundering watchdog closely monitoring Facebook's... 2019-09-10T04:00:00Z She added that her team is scrutinizing Facebook’s new digital currency, Libra. Big Tech’s ‘nemesis’ in EU gets new term – and more power 2019-09-10T04:00:00Z While euro zone ministers seem united on a tough regulatory line on Libra, it is less clear whether they agree to set up common rules for virtual currencies. France, Germany blast Facebook's Libra, back public cryptocurrency 2019-09-13T04:00:00Z It is also facing continuing scrutiny and investigation of its proposed digital currency, Libra, due to launch in 2020. Facebook and Google antitrust investigations: all you need to know 2019-09-07T04:00:00Z It would also bear some similarities to Libra in design but would not be a direct copy, he said without elaborating. China says new digital currency will be similar to Facebook's Libra 2019-09-06T04:00:00Z An assessment of Libra so far indicated it would be “in that big gap”, he added. Facebook's Libra falls into 'big gap' in EU rules: regulator 2019-09-05T04:00:00Z Last month, she sent questionnaires to the 28 members of the Geneva-based Libra Association set up to govern the new currency, asking about the conditions for membership, according to an EU document seen by Reuters. EU looking to see if Facebook's Libra currency poses competition risks 2019-09-04T04:00:00Z When asked whether Libra would need a license to operate in the EU, a spokeswoman for the European Commission told Reuters that an authorization would likely be necessary. France, Germany blast Facebook's Libra, back public cryptocurrency 2019-09-13T04:00:00Z These days, he’s working within the album format and passing the torch to a new cohort of weirdo clubbers, releasing the likes of DJ Python, Beta Librae and Buttechno on his Incienso imprint. The month's best mixes: blood-pumping beats and meditative techno 2019-08-28T04:00:00Z Like other cryptocurrencies, Libra transactions will be powered and recorded by a blockchain, which is a shared ledger of transactions maintained by a network of computers. China says new digital currency will be similar to Facebook's Libra 2019-09-06T04:00:00Z Facebook’s Libra is meant to be backed up by traditional currencies held in bank accounts, in order to stabilize the value of the digital coin. Telegram Pushes Ahead With Plans for ‘Gram’ Cryptocurrency 2019-08-27T04:00:00Z Facebook’s Libra is the closest parallel, but one based in the United States, and it’s already encountered quite a bit of early scrutiny. Telegram will launch its Gram cryptocurrency by October 31 or bust 2019-08-27T04:00:00Z But “with the publicly available information on Libra, it is currently not possible to say which exact EU rules would apply,” she added. France, Germany blast Facebook's Libra, back public cryptocurrency 2019-09-13T04:00:00Z Earlier this month, data privacy regulators around the world asked for transparency about how the Libra Association will process personal data. EU antitrust regulators have Facebook’s Libra currency in their sights 2019-08-21T04:00:00Z EU officials said they were concerned how about Libra may create “possible competition restrictions” on the information that will be exchanged and the use of consumer data, according to Bloomberg. Facebook's Libra faces EU antitrust probe: Bloomberg 2019-08-20T04:00:00Z The Libra Association did not immediately respond to an emailed request for comment. Swiss watchdog expects details on Facebook's Libra by end of month 2019-08-20T04:00:00Z "Libra is perhaps the ultimate example of something that is highly likely to move from 'too small to care' to 'too big to fail' in a very short period of time," the paper notes. Could Facebook’s new currency be stopped in its tracks? 2019-08-12T04:00:00Z It is unclear whether Malta and other smaller EU states would agree with Le Maire’s tough stance on Libra and cryptocurrencies. France, Germany blast Facebook's Libra, back public cryptocurrency 2019-09-13T04:00:00Z A charter is yet to be put in place for the Libra Association, meaning the rules for how Libra will operate are still unknown. EU antitrust regulators have Facebook’s Libra currency in their sights 2019-08-21T04:00:00Z Last month, the Group of Seven finance ministers and central bankers said Libra must be regulated as tightly as possible to ensure it does not upset the world’s financial system. UK's data watchdog seeks more clarity from Facebook over Libra 2019-08-05T04:00:00Z Wall Street has raised concerns about Facebook’s efforts to create an alternate global currency system, known as Libra. Fed says it will develop faster digital banking system. But Wall Street fears tech incursion. 2019-08-05T04:00:00Z But Facebook could disrupt the whole system overnight, if people in those countries switch to Libra instead. Could Facebook’s new currency be stopped in its tracks? 2019-08-12T04:00:00Z Data protection must be a key part of the dialogue over Libra. UK privacy chief joins warning on Facebook's Libra 2019-08-05T04:00:00Z Under Facebook’s plan, Libra would be backed by a reserve of real assets such as bank deposits and short-term government securities that would be denominated in major currencies. Former Japan central banker warns Facebook's Libra may undermine... 2019-08-02T04:00:00Z And so if Facebook were to say, “We’re going to start off the United States with Libra” or “We’re going to start off in the United States and Canada and Western Europe.” Mark Cuban says Facebook’s Libra is "dangerous" 2019-07-30T04:00:00Z Libra, which is being pitched as a “stable” currency “for the whole world,” will be pegged to a basket of low-volatility fiat currencies like, for example, the U.S. dollar and the Japanese yen. Facebook’s Audacious Pitch for a Global Cryptocurrency 2019-07-30T04:00:00Z Facebook or its subsidiaries might also need licences to operate as financial trading institutions, again depending on how regulators view Libra. Could Facebook’s new currency be stopped in its tracks? 2019-08-12T04:00:00Z Bank of England Governor Mark Carney cautiously welcomed the digital currency, saying the Bank "approaches Libra with an open mind but not an open door". UK privacy chief joins warning on Facebook's Libra 2019-08-05T04:00:00Z Despite concerns over money laundering and privacy protection, prohibiting the launch of Libra altogether would be difficult and counter-productive, he said. Former Japan central banker warns Facebook's Libra may undermine... 2019-08-02T04:00:00Z In June, the company unveiled plans for a new global cryptocurrency, called Libra, that it hopes will lower the cost of sending money internationally and help increase payments and commerce across Facebook’s stable of apps. Facebook tops revenue estimates as FTC opens new antitrust probe 2019-07-24T04:00:00Z The Libra white paper was issued on June 18th. Facebook’s Audacious Pitch for a Global Cryptocurrency 2019-07-30T04:00:00Z Libra, Facebook's proposed new digital currency, is not receiving a balanced response. Could Facebook’s new currency be stopped in its tracks? 2019-08-12T04:00:00Z Last month, Libra chief David Marcus, told the Senate Banking, Housing and Urban Affairs Committee he understood "loud and clear" that people do not want financial details connected to their social media data. UK privacy chief joins warning on Facebook's Libra 2019-08-05T04:00:00Z “It might be difficult for Facebook to launch Libra in the first half of 2020, as initially scheduled. But it’s easy for other operators to create something similar,” he said. Former Japan central banker warns Facebook's Libra may undermine... 2019-08-02T04:00:00Z Libra quickly drew ire from politicians and regulators, and executive David Marcus testified before multiple congressional committees last week in Washington to explain the company’s plans. Facebook tops revenue estimates as FTC opens new antitrust probe 2019-07-24T04:00:00Z Holders of Libra, however, will get no return on their money. Facebook’s Audacious Pitch for a Global Cryptocurrency 2019-07-30T04:00:00Z It will, in fact, be managed centrally - a basket of other currencies and assets will be used to set the value of Libra, keeping it much more stable than highly volatile Bitcoin. Could Facebook’s new currency be stopped in its tracks? 2019-08-12T04:00:00Z The significance of the Libra project is that it provides the first example since the East India Company of a corporation that thinks like a state. Facebook’s plan for a cryptocurrency is right to set alarm bells ringing |John Naughton 2019-07-21T04:00:00Z Here’s a roundup of what officials at home and abroad are saying about Facebook’s Libra: ‘Arrogance,’ ‘a ploy,’ ‘bold’: Here’s what officials are saying about Facebook’s Libra 2019-07-19T04:00:00Z Facebook’s June 18 announcement of Libra heralded an effort to expand beyond social networking and move into e-commerce and global payments. 737 Max woes to slash Boeing revenue, earnings by $5.6 billion 2019-07-18T04:00:00Z Libra, like other digital money, is nothing more than lines of computer code. Facebook’s Audacious Pitch for a Global Cryptocurrency 2019-07-30T04:00:00Z Once national regulators decide how they want to treat Libra, the main tool they can use to ratify it is licensing, explains Prof Buckley. Could Facebook’s new currency be stopped in its tracks? 2019-08-12T04:00:00Z How could he reconcile the Senate’s desire that all of this crypto stuff should be primarily regulated by the US, when the Libra Association is based in Switzerland and regulated by its authorities? Facebook’s plan for a cryptocurrency is right to set alarm bells ringing |John Naughton 2019-07-21T04:00:00Z Coeure said initiatives like Libra showed people did not trust fully in the traditional financial system a decade after the start of the global crisis and were seeking alternatives. Libra launch won't happen until regulators are happy: Coeure 2019-07-18T04:00:00Z Libra got fairly well raked over the coals in congressional hearings on Tuesday and Wednesday. Column: If a $5-billion fine won't shake Facebook, what can bring it to heel? 2019-07-18T04:00:00Z Libra, by contrast, will be run on a “permissioned” blockchain, with the Libra Association operating the computers that will algorithmically determine the validity of each transaction. Facebook’s Audacious Pitch for a Global Cryptocurrency 2019-07-30T04:00:00Z Facebook would need to apply for a licence in any country where it wants to offer Libra as a payment tool. Could Facebook’s new currency be stopped in its tracks? 2019-08-12T04:00:00Z In particular, he declared piously, Libra was designed to help émigrés in the rich world to send money to their relatives in the poor world without being ripped off by unscrupulous capitalists. Facebook’s plan for a cryptocurrency is right to set alarm bells ringing |John Naughton 2019-07-21T04:00:00Z Regulators fear Libra, which in its original design would let users transfer money using a pseudonym, may be used to launder money or finance terrorism. Libra launch won't happen until regulators are happy: Coeure 2019-07-18T04:00:00Z Villeroy said regulators wanted “answers” to their areas of doubt over Libra by October. ECB's Villeroy: regulators will not sacrifice security in drive for... 2019-07-18T04:00:00Z Facebook envisions the Libra Association growing to a hundred stakeholders by launch time. Facebook’s Audacious Pitch for a Global Cryptocurrency 2019-07-30T04:00:00Z And to whom would the Libra Association be accountable, internationally? Could Facebook’s new currency be stopped in its tracks? 2019-08-12T04:00:00Z By launching Libra, Facebook is effectively asserting that it’s a state too. Facebook’s plan for a cryptocurrency is right to set alarm bells ringing |John Naughton 2019-07-21T04:00:00Z Facebook said earlier this week it would not proceed with the launch of Libra until regulatory concerns are addressed. Libra launch won't happen until regulators are happy: Coeure 2019-07-18T04:00:00Z Other lawmakers challenged the characterizing the Libra Association, a collective of dozens of companies that contributed millions of dollars to Libra ahead of its launch, as a not-for-profit organization. 'I don't think you should launch Libra': US lawmakers hammer Facebook over currency 2019-07-17T04:00:00Z A few weeks later, they released the Libra white paper. Facebook’s Audacious Pitch for a Global Cryptocurrency 2019-07-30T04:00:00Z And should Libra become popular, it could end up impacting other currencies and national economies, critics fear. Could Facebook’s new currency be stopped in its tracks? 2019-08-12T04:00:00Z “We expect the review of Libra to be among the most extensive ever,” he said. Facebook’s Libra cryptocurrency plan gets a second round of hate in Congress 2019-07-17T04:00:00Z The Bank of Japan governor said a G7 task force looking at cryptocurrencies like Libra would likely grow to include a broader range of regulators beyond the bloc. Smaller cryptocurrencies feel pain as criticism of Facebook's Libra... 2019-07-17T04:00:00Z The New York Democrat Alexandria Ocasio-Cortez said Libra constitutes “a currency controlled by an undemocratically selected coalition of largely massive corporations”. 'I don't think you should launch Libra': US lawmakers hammer Facebook over currency 2019-07-17T04:00:00Z As in Tuesday’s Senate hearing, Marcus faced deep concerns over Facebook’s previous privacy issues, but there was also new skepticism over the nature of the Libra project itself. ‘I don’t think you should launch Libra at all,’ Congresswoman tells Facebook 2019-07-17T04:00:00Z The conclusion is that Libra will have to face some kind of regulation - it can't be ignored. Could Facebook’s new currency be stopped in its tracks? 2019-08-12T04:00:00Z And though he said Libra may be seen as a commodity under current law, its oversight is still an open question. Facebook’s Libra cryptocurrency plan gets a second round of hate in Congress 2019-07-17T04:00:00Z Last week, President Trump tweeted his opposition to cryptocurrencies such as Libra. Facebook says cryptocurrency Libra won't happen without 'full government approval' amid broad resistance 2019-07-16T04:00:00Z Marcus repeatedly said “we do not want to compete with the dollar” but also said “we want Libra to be a digital global currency” and “one unit of digital currency for the whole world”. 'I don't think you should launch Libra': US lawmakers hammer Facebook over currency 2019-07-17T04:00:00Z Marcus declined to commit to the pilot program, instead emphasizing Libra’s broader commitment to working with international regulators. ‘I don’t think you should launch Libra at all,’ Congresswoman tells Facebook 2019-07-17T04:00:00Z But widespread use of Libra could also affect the economy of an entire developing nation, some believe - for better or for worse. Could Facebook’s new currency be stopped in its tracks? 2019-08-12T04:00:00Z Facebook is one of 28 founding members of the Libra Association which will be headquartered in Geneva and which is in talks with Swiss regulatory authorities about a framework. German finance minister: Libra cryptocurrency must wait for... 2019-07-17T04:00:00Z The Libra Association is made up of many other organizations, including financial firms and nonprofit groups, with the main duty of overseeing the blockchain, a database that will monitor who owns which Libra coin. Facebook says cryptocurrency Libra won't happen without 'full government approval' amid broad resistance 2019-07-16T04:00:00Z On Tuesday, the Facebook executive overseeing the project, David Marcus, was grilled by the Senate Banking Committee on the possible risks posed by Libra to data privacy, consumer protections and money laundering controls. Facebook to face more scrutiny from Congress on Libra 2019-07-17T04:00:00Z Still, Maloney’s concern is part of a broader shift among lawmakers, many of whom see Libra as an inherent overreach in Facebook’s power, which will be a problem no matter how carefully it’s executed. ‘I don’t think you should launch Libra at all,’ Congresswoman tells Facebook 2019-07-17T04:00:00Z To supervise Libra properly, regulators everywhere must ask themselves what sort of financial instrument it is. Could Facebook’s new currency be stopped in its tracks? 2019-08-12T04:00:00Z David Marcus, who leads the Libra project, faced sharp criticism from both Democrats and Republicans. Congress grills Big Tech over competition, money and power 2019-07-17T04:00:00Z The Libra Reserve itself will be backed by a basket of currencies including the U.S. dollar, the British pound, the euro and the Japanese yen. Facebook says cryptocurrency Libra won't happen without 'full government approval' amid broad resistance 2019-07-16T04:00:00Z “The red line for us is that Libra must not transform into a sovereign currency,” he said. France says G7 focused on containing risks of Facebook's Libra 2019-07-17T04:00:00Z If ice creams could have zodiac signs, cookies and cream would be a Libra — obsessed with balance and equilibrium. Perspective | Who makes the best cookies-and-cream ice cream in the U.S.? We scooped up 15 top brands to find out. 2019-07-10T04:00:00Z "With Facebook, it's unclear whose interests would be taken into account in trying to stabilise Libra." Could Facebook’s new currency be stopped in its tracks? 2019-08-12T04:00:00Z Facebook says the cryptocurrency, known as Libra, would bridge a gap in the financial system for people who lack access to traditional banking. Facebook cryptocurrency Libra skewered on Capitol Hill 2019-07-16T04:00:00Z According to The Wall Street Journal, the Group of Seven industrialized nations plans this week to discuss risks posed by Libra and other cryptocurrencies in Chantilly, France. Facebook says cryptocurrency Libra won't happen without 'full government approval' amid broad resistance 2019-07-16T04:00:00Z Facebook executive David Marcus faced a beating from lawmakers as he testified about the social network’s plans to launch a digital currency, known as Project Libra. Lawmakers grill Amazon, Facebook, Google and Apple at antitrust hearing 2019-07-16T04:00:00Z The success of Libra would mean putting enormous financial and currency power in private hands. Facebook privately pitched its cryptocurrency plan last month to regulators. They were left even more scared. 2019-07-16T04:00:00Z Libra could be stopped from ever launching, it is true. Could Facebook’s new currency be stopped in its tracks? 2019-08-12T04:00:00Z But the project, unveiled last month, sparked immediate concerns from leaders around the world about whether Libra would threaten government-backed currencies, encourage money laundering and jeopardize consumers’ data. Facebook cryptocurrency Libra skewered on Capitol Hill 2019-07-16T04:00:00Z Facebook officials describe Libra as a new kind of global currency, not residing as old crumpled bills but as new digital money kept in a virtual wallet called “Calibra.” Facebook ‘currency’ Libra condemned, defended in feisty Senate hearing 2019-07-16T04:00:00Z The Senate Banking Committee is quizzing Facebook executive David Marcus over the tech giant's intention to launch its Libra digital currency. Facebook 'delusional' over cryptocurrency plan 2019-07-16T04:00:00Z When Libra was first launched, some of its partners hailed it publicly. Facebook privately pitched its cryptocurrency plan last month to regulators. They were left even more scared. 2019-07-16T04:00:00Z Everyone invested in that currency then becomes subject to the whims of the Libra Association. Could Facebook’s new currency be stopped in its tracks? 2019-08-12T04:00:00Z Libra will not be launched until all of regulators’ questions are addressed, he said. Facebook cryptocurrency Libra skewered on Capitol Hill 2019-07-16T04:00:00Z As the hearing was wrapping up, Mr. Brown predicted the market — not the government — will prove Libra’s biggest hurdle. Facebook ‘currency’ Libra condemned, defended in feisty Senate hearing 2019-07-16T04:00:00Z The hearing drove home the fact that many in the Senate oppose Facebook’s cryptocurrency plans, but it’s still unclear what they might do to stop Libra. Senators aren’t sold on Facebook’s Libra project 2019-07-16T04:00:00Z Libra would be based on distributed technology similar to that which underpins Bitcoin, but with key differences. Cryptocurrencies, digital tax top the agenda for G-7 meeting 2019-07-16T04:00:00Z But Mr Brito thinks Facebook aims to persuade regulators to class Libra as a payment instrument or, possibly, a new kind of security that faces slightly less draconian regulation. Could Facebook’s new currency be stopped in its tracks? 2019-08-12T04:00:00Z Libra would be based on distributed technology similar to that which underpins Bitcoin, but with key differences. Cryptocurrencies, digital tax top the agenda for G-7 meeting 2019-07-16T04:00:00Z One former employee told Reuters the company tried to keep the project under wraps even internally - staff who were not involved knew little about it, not even that it was operating under the name Libra. Senate to grill Facebook over plans for Libra cryptocurrency 2019-07-16T04:00:00Z The social network’s ambitious plan to create a new financial eco-system based on a digital currency it is calling Libra faces questions from lawmakers. 10 Things to Know for Today 2019-07-16T04:00:00Z In contrast, Facebook hopes to keep the value of the Libra fairly steady by tying it to a basket of major currencies. Cryptocurrencies, digital tax top the agenda for G-7 meeting 2019-07-16T04:00:00Z The US Security and Exchange Commission is currently debating whether Libra resembles an exchange-traded fund. Big tech behemoths face grilling from US lawmakers as hearings kick off 2019-07-16T04:00:00Z In contrast, Facebook hopes to keep the value of the Libra fairly steady by tying it to a basket of major currencies. Cryptocurrencies, digital tax top the agenda for G-7 meeting 2019-07-16T04:00:00Z In prepared remarks, Marcus said that the Libra Association will support the monitoring and enforcement of financial crimes such as money laundering and terrorism financing by giving law enforcement and regulators access to on-chain activity. Facebook to tell Congress its cryptocurrency will not go ahead without full government approval 2019-07-15T04:00:00Z Treasury Secretary Steven Mnuchin expressed “very serious concerns” about the currency proposed by the social network giant, to be called Libra. Treasury chief: Facebook currency plan ripe for illicit use 2019-07-15T04:00:00Z The social media company faces congressional hearings over its proposed cryptocurrency Libra this week. Circor and Callon fall while Galapagos, Omnicell rise 2019-07-15T04:00:00Z If it does, the SEC will need to approve Libra before its launch. Big tech behemoths face grilling from US lawmakers as hearings kick off 2019-07-16T04:00:00Z David Marcus, who will oversee Libra, is expected to tell the Senate Banking Committee that Facebook will not launch the currency until regulatory concerns are addressed. US treasury head joins concern over Facebook Libra 2019-07-15T04:00:00Z He said he agreed with Powell that Libra needs a patient and thorough review process. Facebook to tell Congress its cryptocurrency will not go ahead without full government approval 2019-07-15T04:00:00Z The Treasury chief’s comments went further, though, tying Libra directly to concerns over potential use for money laundering, drug and human trafficking, tax evasion and other crimes. Treasury chief: Facebook currency plan ripe for illicit use 2019-07-15T04:00:00Z The secretary briefed White House reporters as Facebook gets ready to brief Capitol Hill lawmakers on its foray into cryptocurrency through its “Libra” project. Treasury airs concerns about cryptocurrency, Facebook’s Libra 2019-07-15T04:00:00Z The company will also emphasize the Libra Association, arguing the currency won’t be run by Facebook itself but by the collection of companies. Big tech behemoths face grilling from US lawmakers as hearings kick off 2019-07-16T04:00:00Z He declined to comment on any regulatory timeline for Libra, but said he was "not comfortable today" about digital currency and that Facebook was a "long way away from" securing approval. US treasury head joins concern over Facebook Libra 2019-07-15T04:00:00Z Libra doesn’t plan on getting in the way of central banks in regard to monetary policy, Marcus said. Facebook to tell Congress its cryptocurrency will not go ahead without full government approval 2019-07-15T04:00:00Z Facebook agrees with Powell’s view that the government’s review of Libra must be “patient and thorough, rather than a sprint to implementation,” Marcus’ statement says. Treasury chief: Facebook currency plan ripe for illicit use 2019-07-15T04:00:00Z The testimony outlines how Facebook believes Libra — the cryptocurrency it plans to launch next year, with an initial focus on transferring money — will be regulated across the globe. Facebook tells Congress how it thinks Libra should be regulated 2019-07-15T04:00:00Z Facebook will face scrutiny on Tuesday morning, when lawmakers in the Senate’s banking committee are set to question the company’s executives on its cryptocurrency project, Libra. Big tech behemoths face grilling from US lawmakers as hearings kick off 2019-07-16T04:00:00Z I’m not sure, exactly, what response the people who worked on Libra were expecting, but the reception has mostly been brutal. Facebook’s Libra hearings in Congress are the best free entertainment you’ll get all week 2019-07-15T04:00:00Z Marcus clarified that Libra will function like cash, not an investment. Facebook to tell Congress its cryptocurrency will not go ahead without full government approval 2019-07-15T04:00:00Z President Donald Trump criticized bitcoin, Libra and other cryptocurrencies last week, demanding that firms seek a banking charter and subject themselves to U.S. and global regulations if they wanted to “become a bank”. Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows 2019-07-15T04:00:00Z Because the Libra Association is headquartered in Switzerland, Marcus says he expects the currency to be regulated by Switzerland’s financial regulator. Facebook tells Congress how it thinks Libra should be regulated 2019-07-15T04:00:00Z But lawmakers say Libra would threaten government-backed currencies and consumer privacy, while giving Facebook reign over an unprecedented global financial system. Why governments around the world are afraid of Libra, Facebook’s cryptocurrency 2019-07-12T04:00:00Z Shortly after Libra was introduced, Matt Stoller wrote a helpful piece about the legal hurdles for the cryptocurrency, highlighting one that this tweet is referencing: the barrier between banking and commerce. Facebook’s Libra hearings in Congress are the best free entertainment you’ll get all week 2019-07-15T04:00:00Z At a summit last month in Japan held after Facebook’s announcement of the Libra plan, the G20 leaders said they were closely monitoring developments and “vigilant to existing and emerging risks” involving crypto-assets. Japan sets up working group on impact of Facebook's Libra ahead of G7 2019-07-12T04:00:00Z Bitcoin slides after Fed chair says Facebook’s cryptocurrency raises ‘serious concerns’ Federal Reserve Chair Jerome H. Powell said the success of Libra could jeopardize the stability of the global financial system. The White House social media summit was full of hypocrisy — and comedy 2019-07-12T04:00:00Z There’s been significant confusion around how Libra will be regulated in the month since it was announced. Facebook tells Congress how it thinks Libra should be regulated 2019-07-15T04:00:00Z The currency and digital wallet will be governed by the Libra Association, a not-for-profit organization of businesses, nonprofits and academic institutions, which will be based in Geneva. Why governments around the world are afraid of Libra, Facebook’s cryptocurrency 2019-07-12T04:00:00Z And Facebook, by presenting Libra as a potential alternative to banking, made this very obvious. Facebook’s Libra hearings in Congress are the best free entertainment you’ll get all week 2019-07-15T04:00:00Z When Libra was announced last month, the plans drew immediate scrutiny from regulators in the United States and abroad. Bitcoin slides after Fed chair says Facebook’s cryptocurrency raises ‘serious concerns’ 2019-07-11T04:00:00Z Perhaps there was some talk of Bitcoin and Libra at this meeting. Trump apparently knows what Bitcoin is, and he doesn’t like it 2019-07-11T04:00:00Z So if Libra isn’t the solution to financial exclusion, we need to identify something else that is, he adds. Bank of England: No-deal Brexit could cause 'significant' market turmoil - business live 2019-07-11T04:00:00Z |
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