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BIS headquarters in Basil, Switzerland.
Markets
Google
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.
By Daniel Palmer
Jun 24, 2019 at 9:40 a.m. UTC
Jun 24, 2019
GoogleFacebookAlibabaRegulationNewsCentral BankingTencentBIS
lottery, balls
Markets
Facebook
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
By Brady Dale
Jun 24, 2019 at 9:00 a.m. UTC
Jun 24, 2019
FacebookLibraMakerDAOPoolTogetherFeatures
FB3
Markets
Facebook
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
By Michael J. Casey
Jun 24, 2019 at 4:00 a.m. UTC
Jun 24, 2019
FacebookLibraNewsCalibra
David Marcus is the co-creator of the Facebook-backed libra stablecoin. (CoinDesk archives)
Markets
Facebook
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)
By Anna Baydakova
Jun 21, 2019 at 3:25 p.m. UTC
Jun 21, 2019
FacebookNews
Francois Villeroy de Galhau via Bank of France
Markets
Europe
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
By Daniel Palmer
Jun 21, 2019 at 1:00 p.m. UTC
Jun 21, 2019
EuropeFranceFacebookLibraRegulationNewsG7
zuckerberg, facebook
Markets
Facebook
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
By Daniel Evans
Jun 21, 2019 at 4:31 a.m. UTC
Jun 21, 2019
FacebookLibraNewsMark Zuckerberg
indian rupee
Markets
India
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
By Daniel Kuhn
Jun 20, 2019 at 9:00 p.m. UTC
Jun 20, 2019
IndiaRBIFacebookLibraNews
shutterstock_1126105658
Markets
Facebook
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.
shutterstock_1126105658
By Zack Seward
Jun 20, 2019 at 7:45 p.m. UTC
Jun 20, 2019
FacebookLibraNewsCalibraMaxine Waters
Scales image via Shutterstock
Markets
Facebook
Will Facebook's Libra Be an On-Ramp or Dead End for Crypto?
Cryptocurrency insiders share their thoughts on whether Facebook's ambitious Libra project will help, or hurt, the broader industry.
Scales image via Shutterstock
By Brady Dale
Jun 19, 2019 at 11:15 p.m. UTC
Jun 19, 2019
FacebookLibraNewsNaval RavikantJoe Lubin
U.S. Capitol, Washington, D.C. (lazyllama/Shutterstock)
Markets
Facebook
Senate Banking Committee Schedules July Hearing on Facebook's Libra Crypto
The U.S. Senate Banking Committee will hold a hearing next month on Facebook's new cryptocurrency, Libra.
U.S. Capitol, Washington, D.C. (lazyllama/Shutterstock)
By Nikhilesh DeStan Higgins
Jun 19, 2019 at 7:50 p.m. UTC
Jun 19, 2019
FacebookLibraNewsSenate