Opinions That Nearly Killed Facebook’s Libra

Libra made a lot of news over the last year. Surely, an arguably promising project developed and promoted by none other than Facebook was guaranteed to draw attention. Apparently, it was also a serious threat to the existing monetary system, so the project faced fierce opposition from regulators around the world.

Gordon Einstein: The Fact That Libra Stalled Reemphasizes Why Bitcoin’s Autonomy Is so Important

In retrospect, Libra was the hype of 2019. Facebook, global payment processing, cryptocurrency all mushed together in a reptilian power fantasy. “What could have gone wrong?” we ask ourselves as we watch Vodaphone coyly quit the Libra Association, becoming the eighth company to pull out of the project.

Facebook Allegedly Aiming to Raise $1 Billion for Its Crypto Project

Facebook is seeking support from venture capital firms to invest in its crypto-related project, targeting to raise as much as $1 billion. The news was revealed by NY Times reporter Nathaniel Popper in a series of twits on Monday, April 8.

David Marcus Steps Down From Coinbase Board to Avoid Conflict of Interest

Facebook blockchain head David Marcus is quitting the board of directors at cryptocurrency exchange Coinbase with his departure most likely being a signal that the social networking giant’s secretive blockchain efforts are progressing.

Facebook is Reversing Its Cryptocurrency Ads Ban

Facebook is reversing its ban on cryptocurrency advertisements and will now allow some preapproved advertisers to promote crypto businesses and services.

Google’s Cryptocurrency Advertising Ban Potentially ‘Unethical’ Claim Experts

Google’s decision to ban all Bitcoin and cryptocurrency adverts on its platforms is ill-thought-out and potentially even unethical, according to industry experts, The Independent reported on Sunday, June 3.

Facebook and MasterCard Researches Say Young Generation Prefers New Fintech Services Over Banks

According to recent researches by Facebook and MasterCard, majority of young people don’t trust traditional banks, favoring new fintech services instead.