Libra

Facebook ended the quarter with 2.45 billion monthly users, up 8% from a year earlier. It also said that about 2.8 billion people use at least one of its services — Facebook, Messenger, WhatsApp or Instagram — at least once a month. read more

Representatives also grilled Zuckerberg on Facebook’s track record on civil rights, hate speech, privacy and misinformation. read more

Libra lost its last global payments backers when Mastercard Inc and Visa Inc abandoned the Libra Association. EBay Inc, fintech startup Stripe and payments company Mercado Pago also pulled the plug. read more

Current had filed an application for its logo on June 26, a few days after Calibra was unveiled. read more

Taking a dig at Facebook’s digital currency Libra, Apple CEO Tim Cook said he was not comfortable with the idea of a private group creating a competing currency. read more

The business of issuing promissory notes that function as money is called banking. Libra is a banking venture dressed up in cryptography read more

Privacy watchdogs from countries like Australia, the US, EU, Britain, and Canada issued an open letter calling on Facebook to respond to more than a dozen concerns over how it will handle sensitive personal information of users of the digital curren... read more

Cryptocurrency has flourished since Bitcoin launched in 2009. But when Facebook unveiled plans last month for its own virtual currency, Libra, the announcement rattled financial regulators the world over. read more

Facebook wants someone with experience in government and central banking would be a great choice to oversee the currency. read more

Bitcoin surged as high as $11,251.21 on Monday, a 13% gain from late Friday that put it at the highest levels since March 2018. It was at $10,815 as of 7:10 a.m. in Hong Kong. read more

Hughes also said the corporations that would oversee the new currency would put their private interests - profits and influence - ahead of public ones. read more

The largest cryptocurrency rose by about 5% to around $10,500, according to prices compiled by Bitstamp available on the Bloomberg terminal. read more