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Jerome Powell, chairman of the US Federal Reserve: “Libra raises many serious concerns regarding privacy, money laundering, consumer protection and financial stability.” Photographer: Andrew Harrer/Bloomberg

Federal Reserve chair Jay Powell warned on Wednesday that Facebook’s planned cryptocurrency, called Libra, cannot move forward unless the social media(...)

Derek Allgood, Ebay’s vice-president of international customer experience: “We’re going to get smarter, for Ireland specifically we’re going to grow.”

“Our CEO says we are the good guys.” Ebay’s Derek Allgood is happy with his move to the auction website. “We’re not undermining other high-street busi(...)

Dr Nicholas Weaver of the University of California, Berkeley, believes the cryptocurrency and blockchain space is “one big fraud”. Illustration: Dado Ruvic

Since Facebook announced plans for its own Internet of Money with the introduction of digital currency Libra by 2020, people have been queuing around (...)

‘Real tension’ between privacy and safety: Adam Mosseri, chief executive officer of Instagram. Photograph: David Paul Morris/Bloomberg via Getty Images

Adam Mosseri, the head of Instagram, has laid out his long-term vision to ramp up retail and tap the desire of the photo app’s 1 billion users to indu(...)

 Facebook CEO Mark Zuckerberg: in the penultimate paragraph of his 2018 New Year missive he  said he intended to “go deeper and study” encryption and cryptocurrency. Photograph: Getty Images

Most people missed Mark Zuckerberg’s first hint that Facebook was preparing his boldest bet in years. Buried in the penultimate paragraph of his 2018(...)

Rising sun: A computer generated image of what Heathrow might look like in  2050, if Earth makes it that far. Photograph: handout via AFP / Getty Images

  Image of the week: Heathrow 2050 Welcome to Heathrow City, please have your passports ready for inspection. This computer generated image rel(...)

Libra promises huge financial gain for Facebook at a time when future revenue growth has appeared uncertain. Photograph: EPA/Julien de Rosa

Excepting some Instagram influencer posting selfies while wearing an ethereum T-shirt, or your grandfather getting a bitcoin wallet, is there any more(...)

Facebook has said it won’t be in sole control of libra. Instead, it is teaming up with a group of 28 companies such as Uber and Spotify to form the Libra Association. Photograph: AFP/Getty Images

Do you know your bitcoin from your litecoin or ripple? Get ready to deal with the newest cryptocurrency to hit the market – Facebook’s libra. What is(...)

Facebook wants to attract 100 businesses in time for the launch of libra, which it is aiming for the first half of 2020. Photograph: Eric Gaillard/Reuters

Facebook is to launch a cryptocurrency next year, backed by the likes of Mastercard, Visa and PayPal, that will allow people to move money from their (...)

Facebook is  launching a digital currency next week. Photograph: Lionel Bonaventure/AFP/Getty Images

Facebook’s shares climbed on Friday following reports detailing the company’s plans to launch a digital currency, due to be unveiled next week. Detai(...)

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