Facebook chief executive Mark Zuckerberg in Washington on Thursday. The final straw for libra supporters came, it has been said, after he was called to testify before Congress. Photograph: Nick Wass/AP Photo

When Facebook unveiled ambitious plans in June to spearhead the creation of a global digital currency, co-founder David Marcus promised unprecedented (...)

The building hosting Facebook’s Libra Networks  company downtown Geneva. Photograph:  Fabrice Coffrini/AFP

Facebook’s remaining partners in its digital currency project signed paperwork Monday to officially join the Libra Association, a new governing body t(...)

Members of the Libra project were due to meet in Geneva on Monday. Photograph: Dado Ruvic/Illustration/Reuters

Booking Holdings, the company behind the travel websites Booking.com and Priceline.com, became the latest company to confirm that it is pulling out of(...)

The building hosting Facebook’s Libra Networks  in Geneva. Photograph: Getty

Stripe and Ebay have become the second and third major companies in a week to drop out of Facebook’s planned cryptocurrency, following sustained poli(...)

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(...)

Facebook’s cryptocurrency libra is set to launch in the first half of 2020. Photograph: Dado Ruvic/Illustration/Reuters

A senior member of the Swiss National Bank said he was open-minded about Facebook’s cryptocurrency project, while an Italian official looked for more (...)

 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(...)

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 (...)