• Facebook's chief seems to be losing, for once. (Anthony Quintano via Wikimedia Commons)
    Libra

    Despite being called ‘global threat’, Libra Association launches

    A signing ceremony by the cryptocurrency’s members was overshadowed by dropouts and a report calling stablecoins a threat to the global economy

    Facebook’s wounded Libra Association formally voted itself into existence on October 14, electing a board and choosing officers. The ceremony was overshadowed by the loss of seven original members including Mastercard and Visa.

  • David Marcus, co-creator of Facebook's Libra (via LinkedIn).
    Libra

    Facebook remains defiant in wake of Libra defections

    The loss of Mastercard, Visa, Stripe, eBay, and Mercado Pago has hurt the stablecoin project, but the social media giant promised to move ahead

    Facebook’s plan to create a blockchain-based stablecoin called Libra took a body blow on October 11, when five main partners including Mastercard and Visa withdrew.

  • Facebook dislike Thumbs down (via Wikimedia Commons).
    Cryptocurrencies

    Facebook’s Libra cryptocurrency project is crumbling

    Visa, Mastercard, eBay, Stripe, and Mercado Pago withdrew on October 11, leaving the stablecoin on its knees

    Facebook’s Libra cryptocurrency plan began to collapse over the course of a few hours on the evening of Friday, October 11. Like dominoes toppling, many of its major partners began pulling out...

  • "So, like, you can't even give me his password? What about Warren's?" President Donald J. Trump welcomes Facebook CEO Mark Zuckerberg Thursday, Sept. 19, 2019, to the Oval Office of the White House. (Official White House Photo by Joiyce N. Boghosian)
    Libra

    Facebook’s well-timed leak

    Mark Zuckerberg’s remarkably calm reaction to a leaked recording of his thoughts about Libra and Sen. Elizabeth Warren may have something to do with good timing

    Just as Facebook’s Libra cryptocurrency project is facing defections from its biggest and most important partners, a recording of Mark Zuckerberg was “leaked” where he said all the right things. Coincidence?