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 Booking Holding, the company behind Booking.com, Kayak and Priceline, has withdrawn from the Libra Association just before the organiz...

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...

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...

Lawmakers want to block tech giants from offering digital currency

It's been one month since Facebook (and its partners) announced plans to launch Libra cryptocurrency. Already, US lawmakers are calling for Facebook to pause those plans. Now, some legislators want the company to stop altogether. According to Reuters...

Facebook won’t make Libra available until regulators are happy

Facebook is determined to reassure officials that its Libra cryptocurrency is above-board. As part of prepared testimony for a July 16th Senate hearing, Calibra head David Marcus has stressed that the social network won't offer the virtual money unt...