• Google monetizing yet another pair of eyeballs (photo by Gerd Altmann via Pixabay).
    Libra,  Technology

    Facebook, Google want to be your banker

    In separate announcements, Facebook unveiled a non-blockchain payments tool that could compete with Libra, and Google said it will offer consumer checking accounts

    The tech giants that already know everything about you, and now they want to be your banker, too. What could possibly go wrong?

  • Martine Paris interviewing Facebook's Kevin Weil at SF Blockchain Week (via @GCODigital).
    Libra

    Full speed ahead for Calibra, says Facebook’s Kevin Weil | Interview

    Libra’s co-creator on scaling blockchain for financial inclusion

    It’s been a pretty intense month for the Libra Association, whose stablecoin has come under intense scrutiny from the U.S. Congress and the G7 over fears of destabilizing the global financial system when it launches next year.

  • The moment Facebook CEO Mark Zuckerberg was asked in a congressional hearing if he was a socialist.
    Libra

    Mark Zuckerberg gets Waters-boarded at House hearing on Facebook’s Libra

    While drawing praise and condemnation for the stablecoin project, the social media giant’s CEO waved the flag and attacked China

    Mark Zuckerberg is a proud American. And Facebook, despite being used by 2.7 billion people around the globe, is first and foremost an American company with American values.

  • Think your Thanksgiving family dinners are awkward? This is a "family photo" taken at the G20 summit earlier this year in Japan (via G20.org).
    Libra,  Regulation

    With stablecoin ban, G20 deals Facebook’s Libra ambitions another blow

    Unanimous decision effectively halts the social media giant’s goal of creating an international digital currency by 2020

    The G20 dealt Facebook’s Libra cryptocurrency ambitions another blow on October 18, agreeing to a ban stablecoins until global regulations are in place.