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American Banking Giants Sound Off Against Libra as Monetary Threat

Execs from some of the biggest U.S. banks reportedly told the Federal Reserve that Facebook’s Libra would pose a threat to monetary policies.

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Markets

European Competition Watchdog Fears Libra's 'Closed Economy'

The European Commissioner for Competition, Margrethe Vestager, is asking tough questions of Libra over its potential closed economy.

The European Commission's headquarters in Brussels.

Markets

Mark Zuckerberg Addresses Libra Regulation, KYC in Leaked Transcript

In leaked comments from a July meeting, Facebook CEO Mark Zuckerberg discussed internal issues for the firm's crypto network, Libra.

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Markets

Institutional Libra Backers Are Getting Cold Feet

Major Libra backers are backing out of the Facebook-led cryptocurrency effort, according to a WSJ report.

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Markets

Facebook-Led Libra Could Be Boon to UN, Says Crypto Project's Chief

The head of the Libra Association has argued that the Facebook-led cryptocurrency could help the U.N. achieve its sustainable development goals.

UN headquarters Geneva

Markets

Facebook's Zuckerberg Appears to Put Libra Launch Date in Doubt

In an interview, Mark Zuckerberg suggested that it might be a while before the Libra cryptocurrency actually gets its launch.

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Markets

Japan's Central Bank Chief Calls for International Effort on Libra Regulation

The governor of the Bank of Japan has called for global cooperation in regulating stablecoins like the Facebook-led Libra.

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Markets

Facebook Reveals Libra Crypto's Currency Basket Breakdown: Report

Facebook has reportedly revealed the percentage breakdown of the basket of global currencies that will underpin its Libra cryptocurrency.

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Markets

SEC Chair, Commissioners to Talk Crypto at Congress Hearing Next Week

The House Financial Services Committee will question SEC commissioners about crypto regulations and Facebook's Libra next week.

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Tech

Square Crypto Hires Lightning, Libra Developers for 'Bitcoin Dream Team'

The Square Crypto team announced three more developer hires on Thursday, pulling from major companies in the crypto space.

Jack Dorsey speaks at Consensus 2018