PayPal becomes first company to drop out of Facebook’s Libra cryptocurrency Save Currency P ayPal has become the first company to officially quit Facebook’s Libra cryptocurrency, just four months after being announced as one of its founding members. The online payments company announced last night that it would “forgo further participation” in the Libra Association,…

PayPal ( PYPL ) announced it is withdrawing from the consortium of companies supporting Facebook’s ( FB ) Libra cryptocurrency as other big-name backers like Visa ( V ) and Mastercard ( MA ) are getting cold feet.Facebook stock rose. X Facebook Libra was already suffering from weakening support in its consortium amid fierce blowback…

PayPal has made the decision to forgo further participation in the Libra Association at this time,” the California-based company told AFP. “We remain supportive of Libra´s aspirations and look forward to continued dialogue on ways to work together in the future.” International outcry is mounting over Libra — with central banks, governments and regulators railing…

International outcry is mounting over Libra with central banks and governments railing against Facebook’s upstart cryptocurrency and questions over how it would be regulated.AFP | October 05, 2019, 09:13 IST Newsletter A A Pioneering digital payments firm PayPal on Friday said it is abandoning an alliance intended to oversee the Facebook-backed Libra cryptocurrency, which has…

By Peter Rudegeair PayPal Holdings Inc.is withdrawing from the group of companies Facebook Inc.assembled to launch a global cryptocurrency-based payments network, dealing a blow to the social-media giant’s ambitions to transform financial services. The San Jose-based payments company “made the decision to forgo further participation” in the Libra Association, the group backing the libra cryptocurrency,…

Colombia’s Peace Tribunal Announces Lifting Former Rebel FARC Group Leaders’ Immunity Colombia’s Peace Tribunal Announces Lifting Former Rebel FARC Group Leaders’ Immunity PG&E Makes Plans to Shut Power in Butte, Plumas, Yuba Counties on Saturday Pacific Gas & Electric is already making plans to shut off power in several high-fire-risk counties as early as Saturday…

The ruling on Thursday is seen as a defeat for Facebook as it could increase their responsibility for what is appearing on the internet The European Union’s highest court ruled Thursday that individual member countries can force Facebook Inc.to remove what they regard as unlawful material from the social network all over the world –…

Garry White, Chief Investment Commentator, looks at the market-moving events that have shaped equity markets this week (30 September to 4 October 2019).by Garry White 04.10.2019 It was a very busy week for participants in global markets.A slew of negative economic data prompted significant growth concerns; the Democrats launched an impeachment inquiry into Donald Trump;…