Zuckerberg Defends Facebook Libra Cryptocurrency Plan To Skeptical Lawmakers On House CommitteeFacebook CEO Mark Zuckerberg endured hours of prickly questioning from lawmakers Wednesday as he defended the company's new globally ambitious project to create a digital currency while also dealing with widening scrutiny from U.S. regulators.
Facebook Says Libra Won't Launch Without US ApprovalFacebook CEO Mark Zuckerberg plans to tell Congress Wednesday that the company's planned Libra cryptocurrency won't launch unless all U.S. regulators approve.
Visa, Mastercard Shun Facebook's Libra Digital Currency PlanVisa and Mastercard on Friday announced their departure from Facebook's Libra project, a potentially fatal blow to the social network's plan for a worldwide digital currency.
Mark Zuckerberg To Testify Before Congress Amid Scrutiny Of Facebook's Libra CryptocurrencyFacebook CEO Mark Zuckerberg will testify before a House committee later this month as Congress scrutinizes the tech giant's plans for a digital currency.
PayPal Exits Facebook Digital Payments Project LibraPayPal has pulled out of Facebook's digital currency project, known as Libra, a blow to the social media company that has faced stronger-than-expected scrutiny over its proposed creation of an alternative payments system.
Visa, Mastercard Reconsider Partnership With Facebook Cryptocurrency Network 'Libra'A new report says partners in Facebook's cryptocurrency-based payments network, Libra, are wavering in their support amid a backlash from U.S. and European officials.
'Facebook Is Dangerous'; Senators Grill Silicon Valley Giant's ExecutivesFacebook's ambitious plan to create a financial eco-system based on a digital currency faces questions from lawmakers,
Treasury Chief: Facebook Cryptocurrency Plan Ripe For Illicit UseThe Treasury chief warned it could be used for illicit activity such as money laundering, human trafficking and financing terrorism.
Fed Chairman: Facebook's Cryptocurrency Libra 'Raises Many Serious Concerns'The Federal Reserve has set up a working group to evaluate Facebook's Libra cryptocurrency, Chairman Jerome Powell told the House Financial Services Committee during his testimony Wednesday.
Facebook Announces Plans To Launch Digital Currency 'Libra' Next YearFacebook is unveiling plans to create a new digital currency similar to Bitcoin for global use.
Planetary Discovery Suggests Earth Not So Unique