Tag Archives: cryptocurrency

MNA Science & Technology Desk: Facebook Inc revealed plans on Tuesday to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move into e-commerce and global payments. Facebook has linked with 28 partners in a Geneva-based entity called the Libra Association, which will govern its new digital coin set to launch in the first half of 2020, according to marketing materials and interviews with executives. Facebook has also created a subsidiary called Calibra, which will offer digital wallets to save, send and spend Libras. Calibra will be connected to Facebook’s messaging platforms ...

MNA Science & Tech Desk: Google said on Wednesday it was banning advertisements for cryptocurrency and initial coin offerings, the latest internet company to clamp down on the sector amid growing concerns about scams. Google’s action, which takes effect in June and follows a similar move by Facebook earlier this year, sent the price of the best-known cryptocurrency, bitcoin, down more than 10 percent to its lowest in a month. Interest in cryptocurrencies has surged in the last year as their prices rocketed. That growth has spawned online advertising used by hundreds of companies trying to raise funds by launching ...