Facebook’s Libra ‘Isn’t Anything Yet,’ Except a Public Relations Plan Gone Awry, Says Analyst

Congress holding hearings on Facebook’s plan for a possible digital coin suggests that the high-profile debut for Libra was likely a public relations effort gone bad. That’s according to MoffettNathanson analyst Lisa Ellis, who said in an email that the “fact that these hearings are even happening is a good indication that the splashy/hyped Libra announcement last month […]

Ripple CEO: Facebook Libra Cryptocurrency Push Makes Me Happy

Ripple CEO Brad Garlinghouse is adamant that Facebook’s unveiling of its Libra cryptocurrency will lead to big business for his banking software and cryptocurrency startup. “This is going to be a record week for Ripple,” Garlinghouse gushed Thursday during Fortune’s Brainstorm Finance conference in Montauk, N.Y. Garlinghouse said it was a “fact” that Facebook’s Libra […]