Why Facebook wants its own currency — and why that scares its critics

President Trump made his first foray into the digital currency battle on Thursday, joining critics of cryptocurrencies in general and Facebook's Libra, in particular......»»

Some Twitter users called the council "an attack on Bitcoin" while others claimed the group would drive the currency's mining and transaction costs higher, amount to a bigger waste of energy and make it less viable for payments.....»»

For decades Amazon, Apple, Facebook, and Google gobbled up their competition to become behemoths of the tech industry, which has drawn attention from Congressional leaders and other critics who claim they’ve stifled innovation in the industry......»»

India, WhatsApp's biggest market, holds more than 400 million of the app's 2 billion users, per Reuters. Indian Prime Minister Narendra M.....»»

Temasek, one of Singapore’s two state-owned investment vehicles, is among the latest firms to join the Libra Association, the consortium Facebook set up to create a global digital currency......»»

Marc Andreessen, the co-author of the first web browser and Facebook board member, issued a call to arms as the deadly coronavirus exposes the West’s lack of preparation for the pandemic......»»

Rep. Sylvia Garcia's comments suggest Libra's roots as a Facebook initiative remain a political liability despite the consortium's steps to sate critics......»»

Facebook's Libra cryptocurrency could now launch in mid-November after a revamp aimed at mollifying its many critics. Julian Satterthwaite reports......»»

The Facebook-spawned Libra Association has scaled back its original vision of a global digital currency backed by a basket of fiat currencies......»»

Facebook is getting into the crypto business. Its digital currency called Libra is scheduled to launch in summer 2020. But the project has raised a lot of concerns......»»

Rather than build an alternative currency like Libra, Facebook should concentrate on building new infrastructure, like the open systems in the ethereum-DeFi space, says ConsenSys's Lex Sokolin......»»

India’s Supreme Court overturns a crypto banking ban while Facebook prepares fiat-pegged digital currencies alongside Libra......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Shopify's integration with Facebook advertising reached a new level last week when it announced that it was joining the Libra Association. Shopify aims to eliminate a formidable barrier to wider........»»

Canadian e-commerce company Shopify Inc said on Friday it would join Libra Association, a group that manages Facebook Inc led efforts to launch a global digital currency, Libra......»»

Telecom giant Vodafone has left the Libra Association, the eighth company to pull out of the Facebook-led digital currency project since the fall......»»

Britain's Vodafone Group PLC has left the entity that manages the Facebook Inc led effort to launch Libra, a global digital currency, Libra Association said on Tuesday......»»

Facebook Inc announced limited changes on Thursday to its approach to political ads, including allowing users to turn off certain ad-targeting tools, but defied critics' demands that it bar politicians from using its ads system to spread lies......»»

Facebook Inc said on Thursday it was making some changes to its approach to political ads, including allowing users to turn off certain ad-targeting tools, but the updates stop far short of critics' demands and what rival companies have pledged to do......»»

Federal Reserve governor Lael Brainard has warned that the Facebook-led Libra project faces stiff regulatory challenges and that there's a question mark over one of its core concepts......»»