Category: Facebook

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Facebook’s Calibra Exec: Libra Is More Like Email Than PayPal

Libra will be a “journey of years and decades” and not a payment service like PayPal but more of an interoperability protocol like email, says Calibra’s VP of product. Facebook’s crypto project Libra will be more similar to email tech than payment services such as PayPal, vice president of product at Calibra said. Speaking at…
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Why Libra Isn’t Ready and Congress Not Buying Zuckerberg’s Testimony

Here is why Libra is not ready to launch a cryptocurrency yet and why lawmakers find it hard to separate Facebook from the association. Facebook’s CEO Mark Zuckerberg returned to Capitol Hill to testify before Congress on Oct. 23 about the company’s planned use of the cryptocurrency it is backing, Libra, attempting to debunk the…
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Five European Union Countries Team Up to Block Libra: Report

Five European Union member countries are purportedly creating a unified front against the issuance of Facebook’s proposed Libra stablecoin. Five European Union member countries have reportedly teamed up to prevent the issuance of Facebook’s stablecoin Libra. Private meetings to turn EU against Libra Following a series of private meetings in October, France is reportedly leading…
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Calibra Head David Marcus Touts Libra’s Money Laundering Standards

The head of Calibra — the wallet for Facebook’s Libra stablecoin — said that the network will have better money laundering standards than most other payment networks. Calibra CEO David Marcus recently claimed that the Anti-Money Laundering (AML) standards of Libra — Facebook’s proposed stablecoin project — will be better than other payments networks. Citing…
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Bitcoin Madness, Zuckerberg in Congress, China’s Blockchain Plans: Hodler’s Digest, Oct 21–27

Bitcoin hits a five-month low and clocks 36% daily gains in a single week, and Congress unconvinced after Zuckerberg showdown. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a…
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What Will Move Crypto Into the Institutional Realm?

As institutional investors move toward crypto, tight security is necessary. Facebook recently made its entry into the world of institutional blockchain and cryptocurrency with the announcement of Libra. It garnered so much attention that lawmakers in the United States are holding hearings to review the project. Walmart has been flirting with crypto and blockchain for…
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Can Libra and Other Crypto Find a Ground to Navigate Regulation?

What’s the right approach to privacy that will allow crypto to best navigate regulation? Bitcoin (BTC) and cryptocurrencies are causing some confusion for regulators globally. Designed usually as peer-to-peer payment platforms, cryptocurrencies seek to improve trust, security and privacy by significantly reducing or eliminating third parties. However, by connecting users directly, cryptocurrencies make regulatory oversight…
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Zuck of the Hill: After 6-Hour Libra Grilling, Congress Unconvinced

In a historic appearance before a U.S. House committee, the Facebook CEO didn’t say too much new about Libra. On Oct. 23, Mark Zuckerberg, founder and CEO of social media platform Facebook, appeared before the U.S. House Financial Services Committee to testify on the prospective global cryptocurrency Libra, which his company is backing. He ended…
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CEO Jack Dorsey On Twitter Joining Libra: ‘Hell No’

Twitter and Square CEO Jack Dorsey says “Hell no” to the question of whether Twitter would ever join Facebook’s Libra project. Jack Dorsey, CEO of Twitter and Square, made it crystal clear that Twitter will never join Facebook’s Libra project. “Nothing within Libra had to be a cryptocurrency” On Oct. 24, per a Twitter thread…
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Now Is a Great Time to Visit Cointelegraph’s Unblocked Facebook Page

After a month of inaccessibility, Cointelegraph’s Facebook page has been unblocked and will return to keeping you informed on the latest in crypto immediately. After being banned for more than a month, Cointelegraph is once again accessible via Facebook. There were more questions than answers when the block took effect on September 18. Facebook has…
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