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Facebook hires Zook to lobby on Libra

Facebook

Facebook has added Susan Zook of Mason Street Consulting to its team of lobbyists working to sell lawmakers on its new Libra cryptocurrency. Zook is a former aide to Sen. Mike Crapo (R-Idaho), the chairman of the Senate Banking Committee, which held a hearing on Libra last month. She’ll focus on lobbying Senate Republicans, she […]

David Marcus, the Head of Calibra at Facebook: Libra, 2 Weeks In

Facebook

It’s been two weeks since we introduced Libra, a new cryptocurrency powered by blockchain technology. We shared a white paper, a number of deep-dive papers on important topics, a testnet, and additional material. Since then, we’ve seen a lot of great dialogue from many different viewpoints. It’s been encouraging how receptive so many people have […]

Facebook’s cryptocurrency is a centralized wolf in decentralized sheep’s clothing

Facebook

Facebook’s Libra whitepaper introduction reads like an epiphany many of us had when we first learned about bitcoin. “Sending money across the globe should be as simple and inexpensive as sending a message on your phone.” Yes, in the internet age, that seems possible. “Financial infrastructure should be globally inclusive and governed as a public […]

Facebook Is Developing a Cryptocurrency for WhatsApp Transfers

Facebook Crypto

Facebook Inc. is working on making a cryptocurrency that will let users transfer money on its WhatsApp messaging app, focusing first on the remittances market in India, according to people familiar with the matter. The company is developing a stablecoin — a type of digital currency pegged to the U.S. dollar — to minimize volatility, […]

Google Ends Cryptocurrency Ad Ban

Cryptocurrency Ad

Google is ending its sweeping ban on cryptocurrency-related advertising and plans to allow regulated crypto exchanges to buy ads in the United States and Japan. The new policy starts in October. Google’s original restrictions, which it announced in March and rolled out in June, were intended to protect consumers and included initial coin offerings (ICOs), […]

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