Although Facebook is going forward with their cryptocurrency project Libra (although it was delayed several times), some of the project's key members have continued to leave. After Mastercard and PayPal withdrew as members of the Libra Association, Vodafone is the latest member to leave Facebook's cryptocurrency project. The news comes directly from The Libra Association…
Read more
Libra is going full force with new roadmap for its 2020 launch. While regulatory concerns may have delayed the plans of Facebook to launch its cryptocurrency project, the company has designed a new plan for the upcoming start of Libra. The information about the second roadmap comes from a blog post from Libra's developers. They…
Read more
It is often said that U.S. Congressmen live within a “Washington D.C. Bubble”, especially when it comes to understanding technology. The abrasive reaction toward both Mark Zuckerberg and David Marcus and their Libra initiative was defintely over the top. One Congressman was moved to say succinctly: This is the government putting the very concept of…
Read more
A week has passed since Mark Zuckerberg took the stand to be the sole witness testifying before the United States House of Representatives Committee on Financial Services about his Libra strategy and any recent developments. The majority of Congressmen took it upon themselves to blast the young entrepreneur on what they perceived as the evil…
Read more
The following article was exclusively prepared for LeapRate by the ATFX team. Facebook (FB) will report Q3 earnings after the close of the trading session on October 30. Wall Street is looking for a 26% sales growth but just 8% earnings growth. Facebook share, has almost lost 8% since it reported Q2 earnings on July…
Read more
While we are all watching to see what will happen to Facebook's Libra, there is very interesting point to note about Mark Zuckerberg's recent testimony before the US Congress. The comments about Libra were not surprising at all and the reaction of congressmen was not either. It seems that Libra is not going to be…
Read more
It has been three months since David Marcus, the titular head of Facebook’s Libra project, took the heat at Congressional hearings on Capitol Hill in Washington DC. As we reported at the time: David Marcus, Facebook’s lead for the Libra cryptocurrency and the sole representative designated to take the heat from an angry group of…
Read more
Libra, having faced extreme scrutiny from regulators, has reportedly decided to turn its sight to a more regulatory-friendly zone: national currencies. Reuters reported on Sunday that Facebook is currently considering pegging the Libra cryptocurrencies to national ones. One option is the dollar. The main goal of Facebook is to develop a more efficient payments system.…
Read more
After the solid rumours that Facebook's Libra is going to be postponed for 2020, Zuckerberg is now facing Congress on the 23rd of October. With that there were also speculations that the COO of the company, Sheryl Sandberg may also testify regarding the project. The information comes directly from CNBC. Mark Zuckerberg will be the…
Read more
Facebook's ambitious cryptocurrency venture, Libra, has financial regulators around the world on their feet and thinking how a tech company's digital currency rival with national fiat ones, established monetary policies and even national security. All of these concerns and many more have now caused the launch of Libra to get delayed, most likely up until…
Read more