PayPal has pulled out of Facebook’s digital currency project, known as Libra, a blow to the social media company that has faced stronger-than-expected scrutiny over its proposed creation of an ...

Mark Zuckerberg has just testified to Congress for the first time in about a year. On this occasion the hearing in front of the House Financial Services Committee was ostensibly about Project Libra, ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. PayPal is on the verge of quitting Facebook’s Libra project after having pulled out of a key meeting in ...

David Marcus, the former head of Facebook’s blockchain project Libra—later rebranded as Diem—has revealed that political opposition ultimately doomed the ambitious stablecoin initiative. In a detailed ...

Christian Catalini, co-creator of Facebook’s Libra project, warned on Friday that Stripe’s Tempo and Circle’s Arc could succeed commercially but at the cost of crypto’s decentralization ideal.