Remember when it looked like Facebook would help control the flow of cryptocurrency around the world? Facebook launched the Libra/Diem cryptocurrency initiative in June 2019 to great fanfare, but today, its assets were sold to Silvergate Capital Corporation. Companies had Read more
Facebook payments is losing another executive just months after the company rebranded its payments unit to Novi. The co-creator of Facebook’s cryptocurrency initiative Tomer Barel is leaving the company in February. The news comes three weeks after the head of Read more
eBay CEO Jamie Iannone’s recent comments about cryptocurrency, as cryptic as they were, caused a stir. Monday’s CNBC interview was not the first time eBay expressed interest in crypto, but together with the CEO’s comments about NFTs, it led to Read more
PayPal pulled out of the entity overseeing Facebook’s new crypto currency initiative. PayPal was reportedly spooked by backlash from regulators in and outside of the US. Facebook had announced the Libra Association in June, an independent, non-for-profit entity created to Read more
Last month, eBay said it was not launching a cryptocurrency (“Cryptocurrency is not accepted as a form of payment on the eBay platform, nor is it part of our payments strategy”). Today, it signaled its openness to someday offering cryptocurrency Read more
The value of currency is its wide acceptance, and the same is true of virtual currency. That helps explain why so many prominent technology and financial services firms are joining together to launch a new global crypto currency called Libra, Read more
