A US lawmaker has condemned the letter sent by Senators Brian Schatz and Sherrod Brown in which they warned Visa, Mastercard, and Stripe to proceed with caution over their involvement in the Libra project. In a letter...

Financial Stability Board (FSB) Chair Randal K. Quarles has highlighted the challenges posed by global stablecoin to the regulatory community in a letter to G20 Finance Ministers and Central Bank Governors. Quarles...

Commodity Futures Trading Commission (CFTC)s chairman Heath Tarbert said he views Ethereums ether as a commodity, similar to bitcoin. Speaking to the Yahoo! Finance All Markets Summit in New York City, Tarbert opinioned...

The Libra Association, the governing body of Facebooks planned cryptocurrency Libra, lost its head of product within five months, a report from Cointelegraph has revealed. Simon Morris, who previously served at...

Facebook CEO Mark Zuckerberg will testify before the House Financial Services Committee this month to defend the Libra cryptocurrency. As per an announcement, Zuckerberg will appear at a hearing scheduled on Oct. 23,...

European Unions financial services commissioner Valdis Dombrovskis revealed his plans to create a new regulatory framework for cryptocurrencies, particularly Facebooks Libra stablecoin. Europe needs a common approach on...

Facebook CEO Mark Zuckerberg recently addressed regulatory and customer identification problems pointed out by employees over the social networks upcoming Libra cryptocurrency. As per a leaked audio recording from an...

Overstock.com, former CEO Patrick Byrne, and former CFO Greg Iverson are facing a lawsuit for securities fraud. The complaint, which was registered on Sept. 27 in Utah, was filed by Lewis Kahn of Louisiana-based law...

Facebooks Libra can potentially address problems of the international payments market, Benoit Coeure, a member of the Executive Board of the European Central Bank (ECB) said, stressing that it is undoubtedly a wake up call...

Libra co-founder David Marcus described the current financial services system as too old and argued why the existing payments system needs to be replaced with blockchain-based payment networks. The existing money...