Category: Facebook

Facebook Kisses up to Banks as Pushback Threatens Libra Crypto – CCN.com
, ,

Facebook Kisses up to Banks as Pushback Threatens Libra Crypto – CCN.com

The conspicuous absence of even a single bank as a founding member of Facebook’s cryptocurrency project was never “intentional,” according to the co-creator of  Libra, David Marcus. Facebook, he said, would love to have banks involved. No banks in Libra Association? No worries In an interview with Swiss newspaper Neue Zurcher Zeitung, Marcus revealed that…

Read More
Facebook employee dies after apparent suicide at company’s Menlo Park headquarters
, ,

Facebook employee dies after apparent suicide at company’s Menlo Park headquarters

An employee of Facebook died by apparent suicide Thursday morning, Menlo Park police reported and the company confirmed. “We were saddened to learn that one of our employees passed away at our Menlo Park headquarters earlier today,” a Facebook spokesperson told TechCrunch in an email. The male employee was pronounced dead at the scene, which…

Read More
Facebook Was Wooing Regulators Before Controversial Libra Reveal – CCN.com
, ,

Facebook Was Wooing Regulators Before Controversial Libra Reveal – CCN.com

Facebook sat down with the United Kingdom’s finance ministry, the central bank, and other regulatory officials in what was presumably a pre-emptive move to win favor before announcing its own self-titled cryptocurrency, Libra. This new revelation comes from Reuters, which received the details from freedom of information requests and claims that the responses illustrate an…

Read More
Facebook Crypto Libra Faces Grilling From 26 Central Banks Today
,

Facebook Crypto Libra Faces Grilling From 26 Central Banks Today

Over two dozen central banks will question Facebook over its stablecoin crypto Libra in Switzerland today. | Source: Shutterstock Facebook is set to go through another round of extreme questioning as it goes ahead with the plans to launch its controversial cryptocurrency Libra. The tech giant will face representatives of twenty-six central banks, including the…

Read More