Wednesday, 20 October 2021

Tag Archives: Libra

Libra key to America’s financial leadership: Mark Zuckerberg

WASHINGTON: Facebook’s proposed digital coin Libra would “extend America’s financial leadership” in the world, chief executive Mark Zuckerberg said in remarks for delivery to lawmakers released. In the testimony released a day ahead of Zuckerberg’s appearance before a House of Representatives committee, the head of the world’s biggest social network ...

Read More »

Marcus says Libra won’t be controlled by a single company

WASHINGTON: Facebook executive David Marcus tried to calm the fears of officials threatening to block its proposed digital currency, saying Libra won’t be controlled by a single company. The head of Facebook’s Libra currency project sought to address the main issue raised by France’s Economy Minister Bruno Le Maire: the ...

Read More »

Mastercard, Visa, eBay and others exit Libra Cryptocurrency Group

LONDON: A week after PayPal left Facebook’s Libra Association, Visa, Mastercard, eBay, Stripe and Mercado Pago too have all withdrawn from the project. The Libra Association is a project which Facebook plans to launch, what it envisions as a global currency. The project was launched in June with 28 members. ...

Read More »

Facebook’s Libra currency under fire

LONDON (AFP) – Facebook’s planned virtual unit Libra, already under heavy attack from US President Donald Trump and global regulators, faces scepticism among the wider cryptocurrency community as well. One theme – besides Brexit – dominated discussion among the movers and shakers from London’s financial technology or FinTech industry as ...

Read More »

Bitcoin trades above $11,000

LONDON: Bitcoin tested 15-month highs after jumping more than 10pc over the weekend, with analysts ascribing the spike to growing optimism over the adoption of cryptocurrencies after Facebook unveiled its Libra digital coin. The original cryptocurrency hit $11,247.62 on the Bitstamp exchange, its highest since March last year. It later ...

Read More »