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‘Very, Very Skeptical:’ German Finance Minister Opposes Facebook’s Libra

News Germany’s finance minister Olaf Scholz sees uses for an electronic version of the euro but believes Facebook should stay away from money issuance. Scholz: Germany wants E-euros, not LibraSpeaking to local financial news outlet WirtschaftsWoche on Oct. 3, Scholz revealed that he would be keen..

PayPal May Ditch Facebook’s Libra Over ‘Regulatory Scrutiny’: Report

News Payment processor PayPal has sparked fresh concerns that it has cold feet about joining Facebook’s Libra digital currency. Libra “Pre-work” is not enough for PayPalAs news agency Financial Times reported on Oct. 3, PayPal did not attend a meeting of 28 Libra backers on Thursday. The developme..

Facebook’s Libra Nodes Are Live on ‘Pre-Mainnet,’ Roadmap Confirms

News Facebook’s Libra digital currency developers have released a new roadmap outlining steps toward its mainnet launch. The update from the Libra Foundation published on Oct. 2 highlights various points of interest for both developers and those who operate the protocol’s nodes. Devs focus on ma..

US Lawmakers Ask Federal Reserve About National Digital Currency

News Members of the United States House of Representatives Financial Services Committee asked the Federal Reserve whether there are any plans of launching a U.S. dollar digital currency. Fed has the mandate to develop a national digital currencyIn a Sept. 30 letter to Federal Reserve Board Chairma..

Zuckerberg: ‘Sensitive for Society’ Libra Crypto Has No Launch Date

News Facebook is taking a much more careful approach to Libra than its previous projects, CEO Mark Zuckerberg has confirmed. Zuckerberg on Libra: Talking first, rollout secondSpeaking in an interview with Asia-based news outlet Nikkei on Sept. 26, Zuckerberg appeared to show a rare display of fea..

China’s Central Bank: Digital Currency Has ‘No Timetable’ for Launch

News China has no specific launch date in mind for its digital currency, its central bank has said in fresh comments contradicting previous statements. Central bank governor: We need time to researchAs local English-language news outlet Global Times reported on Sept. 24, the People’s Bank of China..

Central Banker: CBDCs Are a Flexible Tool for Zero-Interest Rate World

News Chile’s central bank governor, Mario Marcel, says central bank digital currencies (CBDC) can provide additional flexibility at a time of “unconventional monetary policies.” Marcel made the comments in a speech titled “High-level Policy Panel Discussion on Central Bank Digital Currencies" at ..

Continental Unveils Demo Earning App for Blockchain-Based Car Platform

News Automotive supplier Continental has unveiled an application called Earn As You Drive, which uses blockchain technology to monetize car user information. Parking space data for digital currencyForbes reported the news on Aug. 29. Per the report, Continental has partnered with tech firm Hewlett..

Telegram to Beat Facebook to the Punch with Gram Token October Launch

News Encrypted messaging app Telegram will launch its Gram digital currency in October, investors have told mainstream media. Telegram tokens due in two monthsAs The New York Times reported on Aug. 27, three anonymous investors in Telegram’s $1.7 billion private initial coin offering (ICO) said t..

Cryptocurrency Domains Have Become Hot Property

Bitcoin, cryptocurrencies, and blockchain technology have become mainstream terms and are now featured in most dictionaries. Crypto-related terms have a lot of value when they are tethered to a web domain, and these days digital currency domains are prime real estate, with some selling for up to sev..

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