Facebook’s cryptocurrency project, Libra, has taken another hit, with Vodafone exiting the association. The international carrier is the eighth founding member of the group to leave, as reported earlier Tuesday by CoinDesk. The company’s exit follows the withdrawal last year of eBay, Visa, Mastercard, Mercado Pago, Stripe, Booking Holdings and PayPal. Libra confirmed the report about Vodafone …
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This story is part of CES, where CNET covers the latest news on the most incredible tech coming soon. CES, the annual tech show that kicks off in Las Vegas on Jan. 7, isn’t just about showing off the coolest laptops, TVs and gadgets. It’s also a time for Facebook and Twitter to make some noise of their own. Social …
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A long period of beta incubation has come to an end with the release of Brave 1.0, the privacy-focused speed demon of a browser that’s been turning heads with its cavalier approach to ad-blocking and its promises of cryptocurrency payouts. The open source brainchild of Javascript creator and Mozilla project co-founder Brendan Eich, Brave now touts more than 8 million users …
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Twitter CEO Jack Dorsey gave a resounding negative answer when asked whether his social media platform would be joining Facebook’s Libra cryptocurrency project, according to multiple reports. During a Twitter event in New York City Thursday, Dorsey said “hell no” to the prospect. Facebook in June unveiled the global digital coin, which will be managed by a governing body called the Libra …
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Facebook’s effort to launch a new cryptocurrency called Libra has faced numerous setbacks from regulatory scrutiny to an exodus of key partners. But the social media giant and its partners signaled on Monday they’re still planning to move forward with plans to launch the new digital currency in 2020. Twenty one organizations, including Facebook, formally joined the Libra Association, which …
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Libra, Facebook’s ambitious but controversial cryptocurrency project, took a hit on Friday as five founding members of the association backing the global coin dropped out. Online marketplace eBay, payments provider Stripe and financial services giants Visa and Mastercard all said they’re no longer participating in the Libra Association, the nonprofit overseeing the project. Mercado Libre’s online payments platform Mercado Pago …
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An initial coin offering by encrypted messaging service Telegram has been halted by a restraining order filed by the US Securities and Exchange Commission. According to the SEC on Friday, the emergency action will temporarily prevent what it alleges is an unregistered ICO that’s already raised $1.7 billion. Around 2.9 billion digital tokens called grams have been sold to 171 …
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Apple CEO Tim Cook says his company isn’t interested in launching a cryptocurrency. In an interview with French publication Les Echos published on Friday, Cook said he believes deeply that money must remain in the hands of states. “I am not comfortable with the idea that a private group creates a competing currency,” Cook told Les Echos, according to a translation of …
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Payments company PayPal is withdrawing from an association made up of Facebook and other companies that are overseeing a new cryptocurrency called Libra, which is scheduled to launch in 2020. The move by PayPal underscores the challenges that Facebook and its partners that are part of the Libra Association face as the group tries to get the cryptocurrency off the …
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The coalition Facebook assembled to create a global payments network may be losing some key financial support. Visa, Mastercard and other financial partners who signed on to support Libra are reconsidering their involvement in the network, The Wall Street Journal reported Tuesday. The financial partners are reluctant to attract regulatory scrutiny following backlash from governments and banks and have declined …
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