David Marcus

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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(...)

Facebook chief executive Mark Zuckerberg. Photograph:  Brendan Smialowski/AFP via Getty Images)

Facebook chief executive Mark Zuckerberg will testify before a key congressional committee that deals with the finance industry later this month, the (...)

Facebook CEO Mark Zuckerberg. The company unveiled  its global cryptocurrency, Libra, in June this year. File photograph:  Justin Sullivan/AFP/Getty Images

Facebook’s attempt to drag cryptocurrencies into the mainstream with its Libra digital coin met with further scepticism on Monday when an ECB board me(...)

The 28 members of the Libra Association made a non-binding pledge to invest at least $10 million (€9 million) in the project. Photograph: Dado Ruvic/Reuters

Intensifying regulatory scrutiny of Facebook’s Libra digital currency has spooked some of the project’s early backers, with at least three privately d(...)

David Marcus, head of Calibra at Facebook, testifies about Facebook’s proposed digital currency called libra, during a Senate banking committee hearing on Tuesday.  Photograph: Saul Loeb/AFP/Getty Images

Facebook is “delusional” to believe people will trust it with their money, a US senator said as legislators from both sides of the aisle grilled the s(...)

 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(...)

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 (...)

Photograph: Chris Ratcliffe/Bloomberg

Facebook intends to drive a global expansion of mobile payments on WhatsApp from London, accelerating its efforts to make money off the popular messag(...)

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