Tag Archives: calibra
Facebook releases Zuckerberg’s upcoming testimony in defense of Libra
Tomorrow, Facebook CEO Mark Zuckerberg will appear before the Financial Services Committee, where he's expected to be grilled about Facebook's planned cryptocurrency Libra and digital wallet Calibra. Ahead of tomorrow's inquisition, Facebook has shar...
Facebook’s Libra loses one more member as its council becomes official
Facebook couldn't avoid losing another Libra Association member before it formalized the cryptocurrency's council. Booking Holding, the company behind Booking.com, Kayak and Priceline, has withdrawn from the Libra Association just before the organiz...
Mobile banking firm sues Facebook over Calibra’s logo
Facebook's Libra project has yet another issue to deal with: a mobile banking app has sued the social network's Calibra subsidiary over their very similar logos. The tech giant introduced Calibra as the division that will oversee its cryptocurrency p...
eBay, Visa and Mastercard pull out of Facebook’s Libra cryptocurrency
Stripe and eBay have followed PayPal in backing out of Facebook's cryptocurrency, Libra. They confirmed to the Financial Times that they would pull their support, while Mastercard and Visa have also dropped out.
Congress will grill Mark Zuckerberg over Libra October 23rd
Mark Zuckerberg will be under the spotlight of regulators once again when Facebook's CEO testifies before the Financial Services Committee this month. The congressional panel is set to grill him October 23rd over Facebook's planned cryptocurrency Lib...
Facebook’s Libra cryptocurrency loses backing from PayPal
A few days after the Wall Street Journal suggested that some companies announced as initial backers for Facebook's cyptocurrency were reconsidering support, PayPal has announced it will end its participation in the Libra Association. Founding members...
WSJ: Visa, Mastercard are reconsidering support for Facebook Libra
It has been a few months since Facebook officially announced its "Libra" cryptocurrency push with support from some big names including Visa and Mastercard. Since then we've heard little about it other than increasing scrutiny from regulators, banker...
US, UK regulators ask Facebook how Libra will protect personal data
Facebook knew its Libra cryptocurrency would face a regulatory gauntlet, but it might not have expected a united front. Regulators from the US, UK, EU and four other governments have asked Facebook to answer several questions about how it will prote...
Facebook is already awash with fraudulent ads about its own cryptocurrency
Facebook revealed its cryptocurrency plans just a month ago, and already it's the subject of a wave of fraudulent ads. As The Washington Post reports, around a dozen fake accounts, pages and groups have appeared on Facebook and Instagram, presenting...