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Second US Congressional Hearing Is Scheduled on Facebook's Libra Crypto

The U.S. House Financial Services Committee has scheduled a hearing on Facebook's libra cryptocurrency for July 17, one day after the Senate holds its hearing.

Facebook

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Facebook Seeking Crypto Wallet Data Engineer, Regulatory Policy Expert

Facebook is seeking a data professional to work on its crypto wallet Calibra, as well as a policy specialist to help with regulatory hurdles.

CalibraApp_EarlyLook_EN@2x

Markets

BIS Wants 'Level Playing Field' for Banks Amid Threat from Facebook

The Bank for International Settlements has expressed concerns over the expected disruption as big tech firms like Facebook enter the financial space.

BIS headquarters in Basil, Switzerland.

Markets

This Ethereum Lottery Perfectly Explains How Facebook's Big Corporate Backers Will Profit From Crypto

This is a post about a lossless DAI lottery called PoolTogether. But it's really about how Facebook's Libra project will make money for its big backers.

lottery, balls

Markets

A Monumental Fight Over Facebook's Cryptocurrency Is Coming

The buck stops with Zuck in the looming fight between the world's governments and Facebook over Libra.

FB3

Markets

Facebook's Crypto Hiring Spree Continues With Search for Finance Lead

Fresh off releasing the white paper for its Libra coin, Facebook is looking to hire a finance program manager in blockchain.

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

Markets

G7 Forming Task Force in Response to Facebook's Libra Cryptocurrency

France is setting up a task force within the Group of Seven nations to examine regulatory issues raised by Facebook's Libra cryptocurrency.

Francois Villeroy de Galhau via Bank of France

Markets

Examining Facebook's Claim Its Crypto Is for the Unbanked

The excitement about Libra is premature. Maybe Zuck’s got more to share, but right now there’s very little information, and Libra has a lot to prove.

zuckerberg, facebook

Markets

Libra Could Be Unbalanced by Indian Crypto Laws

Facebook reportedly has not filed an application with the RBI, which seeks to ban cryptocurrencies.

indian rupee

Markets

Rep. Waters: US Can't Let Facebook's Crypto 'Compete With the Dollar'

Appearing on CNBC Thursday, the chair of the U.S. House Financial Services Committee doubled down on her calls for Facebook to halt Libra development.

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