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Daily Crunch: Facebook and Libra go to Washington

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Highlights from Facebook’s Libra Senate hearing [...]

2019-07-16T14:58:14-04:00July 16th, 2019|

Highlights from Facebook’s Libra Senate hearing

Facebook will only build its own Calibra cryptocurrency wallet into Messenger and Whatsapp, and will refuse to embed competing wallets, the head of Calibra David Marcus told the Senate Banking Committee today. While some like Senator Brown blustered that “Facebook [...]

2019-07-16T12:53:33-04:00July 16th, 2019|

We still don’t know how much of Libra Facebook owns

The $10 million entry fee to join the Facebook-developed cryptocurrency’s Libra Association is merely a minimum. Members who’ll verify transactions can opt to invest more in exchange for more Libra Investment Tokens that will earn them dividends from the interest [...]

2019-07-03T17:39:59-04:00July 3rd, 2019|