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Libra Updates White Paper, Removes Dividends for Libra Association

News The white paper for Facebook’s proposed Libra currency has been quietly updated, according to a Dec. 10 article written by Georgetown University law professor, Chris Brummer. Aside from expected amendments reflecting the revised Libra Association members, the biggest change is the removal of ..

France to Test Its Central Bank Digital Currency in Q1 2020: Official

News The central bank of France plans to pilot a central bank digital currency (CBDC) for financial institutions in 2020. François Villeroy de Galhau, the governor of the Bank of France, announced that the bank will start testing the digital euro project by the end of the first quarter 2020, Frenc..

US Lawmakers Want to Brand Libra a Security, Association Disagrees

Analysis A couple of United States lawmakers are looking to classify stablecoins as securities. With Libra considering adopting fiat-pegged stablecoins rather than a single token supported by a basket of national currencies, the proposed crypto project might be facing yet another regulatory hurdle..

EToro: Facebook Should Drop Libra and Support Third-Party Stablecoins

News Blockchain researchers at online brokerage eToro have argued that Facebook should look to support third-party stablecoins, not Libra. According to a Nov. 28 report from Finextra, eToro’s blockchain research unit eToroX Labs believes that while Facebook’s crypto project offers a “trailblazing ..

Klaytn Blockchain Ahead of Facebook’s Libra Network, Says Kakao CEO

News Yeo Min-soo, the CEO of South Korean internet giant Kakao, said that his firm’s Klaytn blockchain is similar to Facebook’s Libra except it is way ahead in its development. According to the Korea Herald on Nov. 28, Min-soo lauded Klatyn’s development during the first Klaytn Governance Council ..

R3 CEO: Facebook’s Announcement of Libra Was ‘Ridiculously Stupid’

News CEO of blockchain firm R3 has ridiculed the way Facebook introduced its yet-to-be-released Libra stablecoin. Skepticism surrounding Facebook’s forthcoming Libra stablecoin continues growing as David Rutter, the CEO of enterprise software firm R3, said that the announcement of Libra this summe..

Libra Network Logged Over 30 Projects in Past Two Months of Testing

News The Libra Association, the entity behind Facebook’s forthcoming eponymous stablecoin, has logged over 30 projects and 51,000 transactions on the Libra network during the past two months. Despite global regulators’ controversial stance towards Libra and the loss of a one-fourth of its founding..

Bison Trails Raises $25M in Funding Round Led by Blockchain Capital

News New York-based blockchain startup Bison Trails has raised $25.5 million in a new funding round led by major venture capital firm Blockchain Capital. One of the 21 founding members of the Libra Association, Bison Trails is providing blockchain infrastructure solutions for more than 20 blockcha..

Tom Lee: Like FAANG Stocks, BTC Will Hit $25K Due to ‘Network Value’

News Fundstrat’s Tom Lee believes Bitcoin (BTC) will accrue price value following a similar logic to the Silicon Valley tech titans. During an interview for CNBC’s Street Signs Asia on show on Nov. 15, Lee argued that cryptocurrencies “are network value assets” — and share this with the world’s mo..

As Regulators Stonewall Libra, Facebook Rolls Out New Payment System

News As the Libra stablecoin project continues to face a hostile audience of regulators, Facebook launches a new fiat payment system called Facebook Pay. Empower people everywhere to buy and sell things onlineOn Nov. 12, the social media giant announced that it is introducing Facebook Pay, a payme..

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