Cryptocurrency Now Collectively Worth Over $1 Trillion

Cryptocurrency has hit a major milestone, with the collective value passing the $1 trillion mark, led largely by Bitcoin’s meteoric rise.

Libra Association Changes Name to Diem Association

The Libra Association has changed its name to the Diem Association to signal a new phase in its development.

PayPal Looking To Enter Cryptocurrency Space

PayPal is looking to get into cryptocurrency, opening the door for its 365 million customers.

Vodafone Leaves Facebook’s Libra Association

In the latest blow to Facebook’s Libra Association, British telecom conglomerate Vodafone has announced it is withdrawing, according to CoinDesk. Facebook created the association to oversee the Libra cryptocurrency the company is trying to launch. The company’s efforts have been…

Google Branching Into Finance, Partnering With Citi to Offer Checking Accounts

The Wall Street Journal is reporting that Google is looking to expand into finance, with a Citi-backed checking service. Code-named “Cache,” the service is expected to roll out next year, and is just the latest in a string of efforts…

Facebook Considering Currency-Backed Stablecoins For Libra

Following the departure of several major backers of Facebook’s Libra cryptocurrency, Reuters is reporting the social media giant is considering a compromise. Initially, Facebook proposed a synthetic unit for the cryptocurrency. The company’s efforts have been met with widespread suspicion…

OpenLibra Cryptocurrency Announced: Like Libra But Without Facebook

In the wake of reports that Facebook’s Libra currency is losing backers, Mashable is reporting that OpenLibra is being positioned as an alternative, “an open platform for financial inclusion. Not run by Facebook.” The new cryptocurrency was announced in Osaka,…

Facebook Libra Backers Back Out

A week ago we covered a Wall Street Journal article highlighting potential trouble for Facebook’s Libra cryptocurrency, as multiple backers were reconsidering their commitment to the project. Fast-forward a week and things have only gone from bad to worse. As…

Libra Currency Backers Reconsidering Involvement

The Wall Street Journal (WSJ) is reporting that financial backers of Facebook’s cryptocurrency, Libra, are having second thoughts. According to sources familiar with the situation, Visa and Mastercard—both members of the Libra Association created by Facebook to oversee the project—are…

Facebook’s Libra Is a Force For Good, Says PayPal Co-Founder

“In general, Libra is a force for good,” says PayPal Co-Founder and Affirm CEO Max Levchin. “It’s a really interesting experiment. I’m glad they’re doing it in a way that isn’t just Facebook because of all the headwind that Facebook has experienced with the regulators.”