Facebook's Libra loses backing of financial, payment companies
Facebook's digital currency Libra has suffered another blow ahead of its launch as all of the payment processors backing it have pulled their support.
PayPal no longer backing Facebook's digital currency
PayPal has dropped out of the Libra Association, the first financial backer to leave the group backing the Libra digital currency.
Facebook digital currency faces antitrust probe in EU
European Union regulators are to investigate Facebook and its upcoming 'Libra' digital currency for potential anticompetitive behavior.
'Halt your Libra cryptocurrency', US congressmen tell Facebook in letter
A U.S. Congress financial services committee has written to Facebook requesting that it halt its Libra digital currency plans so they can be properly scrutinized.
Facebook virtual currency Libra to face U.S. Senate banking committee
Only a couple of days after Facebook and partners announced Libra, a U.S. Senate panel has already scheduled a hearing probing the proposed virtual currency.
Libra: Facebook announces global cryptocurrency
The social media giant has partnered with dozens across industries in its ambitious plans to bring about a global cryptocurrency during the first half of 2020.