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...

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...

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...