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Markets

Facebook's Libra Lacks Foundational Components for Crypto Key Security

After a review of documentation for the Libra protocol and its planned ecosystem, Steven Sprague believes Facebook left out key security components.

keys, security

Markets

Libra Isn't a Cryptocurrency. It's a Glimpse of a New Asset Class

Noelle Acheson argues that Libra is not a cryptocurrency, it’s a security. That in itself is a huge innovation, and perhaps a glimpse of what is yet to come.

FB3

Markets

Billion-Dollar Returns: The Upside of Facebook's Libra Cryptocurrency

If Libra achieves even modest adoption, the payoff for Facebook and its partners could be in the billions.

Libra_banknotes_Facebook_Shutterstock

Markets

Facebook's David Marcus: Libra Crypto Users Won't Have to Trust Us

In a note published Wednesday, Facebook blockchain lead David Marcus pushed back against calls to stop Libra's development.

David Marcus is the co-creator of the Facebook-backed libra stablecoin. (CoinDesk archives)

Markets

Now Japanese Regulators Are Getting Anxious About Facebook's Cryptocurrency

Japan's central bank has joined the regulators worldwide expressing concerns over the potential risks posed by Facebook's Libra cryptocurrency.

Bank of Japan, Tokyo

Markets

4 US Lawmakers Join Call to Freeze Facebook's Libra Project

Several House Democrats called for a moratorium on Libra development in a letter to Facebook executives on Tuesday.

U.S. House of Representatives

Markets

US Watchdog Groups Call for Congress to Put a Freeze on Facebook's Libra

A group of privacy and consumer watchdogs is asking the U.S. Congress to halt Facebook's Libra project.

shutterstock_1188191302

Markets

Facebook's Inches Towards Global Regulatory Compliance, Applies for New York BitLicense

If the project is to be truly global, Facebook may need “literally hundreds, perhaps thousands, of licenses from hundreds of different regulators,” said Sean Park.


Markets

BIS Chief: Central Banks May Issue Digital Currencies 'Sooner Than We Think'

The chief of the Bank for International Settlements has acknowledged that central banks will likely soon need to issue their own digital currencies.

carsten

Tech

Bitcoin, Facebook and the End of 20th Century Money

Bitcoin is surging and Libra is shaking up regulators as the globe faces a period of doubt on the economic front.

money, burn