Even Libra's most famous backer occasionally goes nameless

A Libra Association executive is urging partners to publicly acknowledge their ties to the project, but some may be taking a wait-and-see approach amid a flurry of government and regulator interest.

By Dan Ennis • Aug. 29, 2019

Binance launches lending business with limited high-yield perk

The exchange may use the launch to diversify its business, broaden its customer base and boost its token's slumping value.

By Dan Ennis • Aug. 28, 2019

Explore the Trendline➔

Artificial intelligence

Banks’ focus on AI has shifted from a “cool-toys” mentality to one that sees the technology as a foundational pillar underlying finance and society itself.

By Banking Dive staff

Bank of America files patent application for crypto wallet with tiered security

The system would boost security, the bank said, by letting customers use one password to access one tier of assets, and other passwords for further levels.

By Dan Ennis • Aug. 20, 2019

Crypto exchange Binance to launch Libra-like currency

CEO Changpeng Zhou tweeted Monday that his exchange is not seeking to dominate Facebook's Libra with the Venus project. "Always happy to co-exist," he wrote.

By Dan Ennis • Aug. 19, 2019

Lawmakers raise money laundering concerns during Libra hearing

Lawmakers both supportive and wary of the launch of Facebook's cryptocurrency were concerned over how the social media giant plans to limit "bad actors" from using the currency.

By Anna Hrushka • July 16, 2019

Facebook hearing brings consumer protection, financial stability questions

Lawmakers are set to scrutinize a Facebook executive's testimony over the company's proposed cryptocurrency, a hearing could make waves on Capitol Hill and in the market.

By Dan Ennis • Updated July 15, 2019

Lawmakers schedule hearings ahead of Facebook's cryptocurrency launch

The Silicon Valley-based company said Libra, which is scheduled to launch in early 2020, is already backed by dozens of companies — including Uber and Mastercard — to be managed by the independent nonprofit, Calibra.

By Anna Hrushka • July 1, 2019