July 21, 2019 @ 3:21 pm By JD Alois  |  

Last week, both the US House and US Senate held hearings on Facebook’s proposed Libra cryptocurrency which is envisioned as a global payments platform. David Marcus, Head of Libra/Calibra testified at both hearings. As Crowdfund Insider has already reported, both the House Financial Services Committee… Read More

July 20, 2019 @ 12:10 pm By JD Alois  |  

This past week much of the Fintech news was dominated by hearings in Congress addressing Facebook’s plan to launch a global, blockchain-based, payments platform using a stablecoin, of sorts, as a foundation. This global currency, which may be able to challenge sovereign currency, is said… Read More

July 16, 2019 @ 2:10 pm By JD Alois  |  

The Senate Banking Committee held a hearing today where David Marcus, Head of Facebook’s cryptocurrency project Libra, took the stand to explain and defend the company’s intent for their payments and blockchain ecosystem. While some US Senators are keen on supporting Fintech innovation in the… Read More

July 16, 2019 @ 10:20 am By JD Alois  |  

Embedded below is David Marcus’s prepared testimony for the Senate Banking Committee hearing on Facebook’s Libra. “Facebook will not offer the Libra digital currency until we have fully addressed regulatory concerns and received appropriate approvals,” assured Marcus to the Senators in attendance. His testimony today… Read More

July 9, 2019 @ 10:59 pm By JD Alois  |  

Tomorrow, the Federal Reserve Chair Jerome Powell will spend a good amount of time in front of the House Financial Services Committee. The following day, Powell will experience a similar round of questions at the Senate Banking Committee. Powell is certain to endure a standard… Read More

July 9, 2019 @ 5:18 pm By Cali Haan  |  

The CEO of Facebook’s cryptocurrency project, David Marcus, has written to assure the powerful US House Financial Services Committee that Facebook is proceeding with caution as it works to launch Libra. Five members of the Committee, including its Chair, Maxine Waters, sent a letter to… Read More

July 5, 2019 @ 3:11 pm By Cali Haan  |  

David Marcus, the CEO presiding over Facebook’s recently announced Libra cryptocurrency project, has issued a blog post on Facebook to address controversy roiling since the project was announced two weeks ago. Regulators around the world have been issuing stern warnings about how Facebook’s Libra payment… Read More

June 25, 2019 @ 7:47 am By Barry James  |  

The world stands at a crucial juncture when new DNA will be created that will form and influence our civilizations for generations to come, determining what our future looks like. The world is now in a position to build global public infrastructure. Who owns this… Read More

May 12, 2019 @ 3:17 pm By Cali Haan  |  

Facebook (NASDAQ:FB) is stuffing its ranks with former PayPal staff, and an announcement regarding the company’s much-anticipated stab at creating a cryptocurrency may come as early as next quarter, though the company is still far from a viable product, unnamed sources tell Bloomberg. Facebook has… Read More

December 14, 2018 @ 10:22 am By Cali Haan  |  

Facebook is aggressively recruiting to fill out its “secretive” blockchain research group and hopefully “disrupt” the payments sector, Cheddar reports, but sources say the company is having a hard time attracting key talent, “amid its many public scandals.” Recruiting problems may be a blessing in disguise… Read More

May 9, 2018 @ 7:25 pm By Cali Haan  |  

The man who decoupled messaging from the main Facebook site, made it a discreet app customers had to download to phones (which mined even call data from customer phones), is leaving Facebook’s Messenger department to lead a blockchain working group within the company. David Marcus,… Read More

May 28, 2015 @ 11:06 am By Erin Hobey  |  

Now in the Big Apple, Facebook Messenger’s payments service has been tweaked to make it easier for friends to send money within conversations. Although launched in March, the P2P payments feature has so far only been available to Messenger app users in a few cities, including Seattle,… Read More