United States

Katie Paul

Facebook should not be trusted with 'crazy' cryptocurrency plan: senators

Jul 16 2019

WASHINGTON Democratic and Republican lawmakers said on Tuesday that Facebook Inc's track record of what they described as untrustworthiness should stand in the way of it launching a digital currency, labeling the plan "delusional" and "crazy" at a Senate hearing. | Video

U.S. Senate to grill Facebook over plans for Libra cryptocurrency

Jul 16 2019

WASHINGTON/NEW YORK, July 16 U.S. lawmakers from both sides of the aisle are set to grill Facebook Inc on its cryptocurrency plans on Tuesday, as the project continues to draw intense scrutiny from financial regulators and politicians across the globe.

Facebook's Libra coin likely to run a regulatory gauntlet

Jun 28 2019

NEW YORK/SAN FRANCISCOFacebook Inc will face unprecedented regulatory scrutiny over a new digital currency that the social media company hopes will become globally recognized legal tender within a year.

Twitter to deemphasize, label politician tweets that break rules

Jun 27 2019

WASHINGTON/SAN FRANCISCO Twitter Inc said on Thursday it would identify and de-emphasize tweets that broke its rules but came from important sources such as politicians, in order to strike a balance between free expression and accountability. | Video

Facebook outlines ideas for oversight board

Jun 27 2019

SAN FRANCISCO Facebook Inc on Thursday released the findings from its consultations with outside experts into its content review process, providing a glimpse into how its plans for a proposed "external oversight board" might take shape.

Facebook's cryptocurrency ambitions face privacy concerns, political backlash

Jun 18 2019

SAN FRANCISCO/NEW YORK Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns. | Video

Facebook's new cryptocurrency Libra and digital wallet Calibra

Jun 18 2019

SAN FRANCISCO/NEW YORK Facebook Inc revealed plans to establish a cryptocurrency called Libra on Tuesday. It will be run by an association comprised of other corporate investors and non-profit members, with an expected launch in the first half of 2020.

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