Telegram to pay $18.5 million and return $1.2 billion following SEC crypto charges

Telegram’s initial bid to launch its “Gram” cryptocurrency has failed. The US Securities and Exchange Commission (SEC) announced today that in order to resolve charges of violating federal securities laws, it has ordered Telegram to return more than...

Vodafone is the latest to leave Facebook’s Libra Association

The Facebook-created Libra Association is still bleeding members months after it formalized its council. Telecom giant Vodafone has confirmed to CoinDesk that it left the Association. Unlike past defectors, though, it's not so much about regulatory...

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 Booking Holding, the company behind Booking.com, Kayak and Priceline, has withdrawn from the Libra Association just before the organiz...

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.