Senate panel schedules a hearing on Facebook’s cryptocurrency

It didn't even take 48 hours after Facebook announced its cryptocurrency scheme for the government to raise an eyebrow. House Financial Services Committee Chairwoman Maxine Waters called for Facebook to halt development, and now the Senate Committee...

House chairwoman wants Facebook to pause work on its cryptocurrency

You knew Facebook's Libra cryptocurrency would come under scrutiny as soon as it became official, and the US government isn't wasting any time. House Financial Services Committee Chairwoman Maxine Waters has issued a statement calling on Facebook to...

Facebook’s Libra currency gets backing from MasterCard, Visa, PayPal and more

Today, Facebook finally announced its long-rumored cryptocurrency platform, Calibra. Some speculated that the company would rely on outside firms and existing cryptocurrency exchanges, like the Winklevoss twins' Gemini. Instead, Facebook's Calibra wi...

Facebook’s Calibra cryptocurrency wallet launches in 2020

After months of rumors and speculation, Facebook is finally making its cryptocurrency efforts official. This is Calibra, a digital wallet that will use a new cryptocurrency called Libra. Calibra, which is now a subsidiary of Facebook, is designed to...