The Chairman of the Federal Reserve Jerome Powell spoke to a congressional committee on Wednesday (July 10) about the organization’s concerns with Facebook’s proposed cryptocurrency Libra, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy...
Facebook has announced that it’s launching “NPE Team, from Facebook” to develop apps that will be more experimental, and have the freedom to change or be shut down if they don’t work, according to a report by CNBC. Get the Full Story Complete the form...
Facebook is dangling the promise of more fans and endless money in an effort to lure video creators away from YouTube and other social media sites. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Facebook said that it has not been invited to the White House’s social media summit being held later this week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The Bank of Japan (BOJ), Japan’s central bank, has joined in with other regulators and officials around the world in its worry over Facebook’s proposed cryptocurrency Libra, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The Democrats of the House Financial Services Committee have officially written the leadership of Facebook to ask them to stop the Libra cryptocurrency plan and its associated Calibra wallet plans, citing risks to security, financial stability and risks to the control the government of the...
New York Governor Andrew Cuomo has ordered the Department of Financial Services to look into reports that state-regulated advertisers have been using Facebook’s advertising platform to discriminate against select users. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
David Marcus, Facebook vice president of messaging products and a key developer of the social media firm’s Libra digital currency project, thinks someone with experience in government and central banking would be a great leader for the team that would oversee the currency, according to reports....
In the aftermath of Facebook’s unveiling of Libra and its Calibra wallet, among the many questions raised was how it managed to get so many of the “who’s who” in payments at the table. That was the question Karen Webster had for PayPal Chief Operating...
