Category: calibra

Facebook releases Zuckerberg’s upcoming testimony in defense of Libra

Post author By Randall
Post date October 22, 2019
Categories In banking, business, calibra, congress, Cryptocurrency, digital wallet, Facebook, finances, financial services committee, gear, Internet, libra, Mark Zuckerberg, money, Politics, statement, Tech, testimony

[ad_1] According to Zuckerberg, Facebook is “committed to taking the time to get this right.” But he also points out that China could reveal a similar system in the coming months. “If America doesn’t innovate, our financial leadership is not guaranteed,” Zuckerberg’s prepared statement reads. Supposedly, Facebook isn’t just motivated by self-interest. “Over the long […]

Facebook’s Libra loses one more member as its council becomes official

Post author By Randall
Post date October 14, 2019
Categories In booking, booking.com, business, calibra, Cryptocurrency, currency, Facebook, gear, Internet, kayak, libra, libra association, money, priceline, Tech

[ad_1] PayPal, eBay, Mastercard, Visa and Stripe were some the most prominent companies to pull out, each of them leaving within days of each other. Not that Facebook is deterred. Libra Association policy head Dante Disparte told Reuters that the departures were a “correction” and “not a setback.” The outfit also touted the number of […]

Mobile banking firm sues Facebook over Calibra’s logo

Post author By Randall
Post date October 12, 2019
Categories In calibra, current, Facebook, gear, Internet, libra, Tech

[ad_1] As you can see in the image Current posted on Twitter, their logos do look very similar: this is what happens when you only have 1 crayon left pic.twitter.com/2JY5JfesQD — Current (@current) June 19, 2019 Now here’s where it gets a lot more interesting: both logos were reportedly designed by San Francisco branding firm […]

eBay and Stripe pull out of Facebook’s Libra cryptocurrency

Post author By Randall
Post date October 11, 2019
Categories In business, calibra, Cryptocurrency, ebay, ecommerce, Facebook, gear, libra, payment, paypal, stripe, Tech

[ad_1] “We highly respect the vision of the Libra Association; however, eBay has made the decision to not move forward as a founding member,” eBay said in a statement. “At this time, we are focused on rolling out eBay’s managed payments experience for our customers.” “Stripe is supportive of projects that aim to make online […]

Facebook’s Libra cryptocurrency loses backing from PayPal

Post author By Randall
Post date October 4, 2019
Categories In business, calibra, Cryptocurrency, digital wallet, Facebook, gear, libra, paypal, Tech

[ad_1] A few days after the Wall Street Journal suggested that some companies announced as initial backers for Facebook’s cyptocurrency were reconsidering support, PayPal has announced it will end its participation in the Libra Association. Founding members invest $10 million to fund the association, and as CNBC notes, it’s unclear what happens to that money […]

Visa, Mastercard are reconsidering support for Facebook Libra

Post author By Randall
Post date October 1, 2019
Categories In business, calibra, Cryptocurrency, eu, Facebook, libra, mastercard, regulation, Tech, tomorrow, visa

[ad_1] It has been a few months since Facebook officially announced its “Libra” cryptocurrency push with support from some big names including Visa and Mastercard. Since then we’ve heard little about it other than increasing scrutiny from regulators, bankers and politicians around the world, while those partners have mostly remained quiet. The Wall Street Journal […]

Lawmakers want to block tech giants from offering digital currency

Post author By Randall
Post date July 15, 2019
Categories In big tech, business, calibra, Cryptocurrency, digital currency, draft, Facebook, house financial services committee, Internet, lawmakers, legislation, libra, Politics, Tech, tomorrow, us

[ad_1] In addition to blocking Facebook’s plans for Libra, the “Keep Big Tech Out of Finance Act” would prevent other firms (those mainly offering an online platform service with at least $25 billion in annual revenue) from launching similar cryptocurrencies. Companies that violate the rules could be fined as much as $1 million per day. […]

Senate panel schedules a hearing on Facebook’s cryptocurrency

Post author By Randall
Post date June 20, 2019
Categories In Blockchain, calibra, Cryptocurrency, david marcus, Facebook, gear, hearing, Internet, libra, regulation, senate, senate banking committee, Tech

[ad_1] 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 on Banking, Housing and Urban Affairs has scheduled a hearing to cover both Libra/Calibra and privacy issues. […]