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When Facebook and a swath of partners — a list that at the time included PayPal, Visa, Mastercard, and Vodafone — unveiled the Libra cryptocurrency project in June of 2019, the world was shocked; one of the world’s most powerful companies, coupled with some of the most prominent fintech firms, ventu..
News Major global economists credit Facebook’s Libra with pushing the world to start reconsidering the United States dollar as anchor currency. At a Jan. 23 panel at the annual World Economic Forum (WEF) in Davos, officials and financial experts discussed one of the most important mechanisms in th..
In the first half of 2019, Facebook’s digital currency initiative Libra was all anyone could talk about. Even though the details of the venture were not unveiled until June, rumors about the international cryptocurrency quickly spread across the industry, with some even going as far as to suggest t..
News The former head of payments and settlements at the Bank of Japan (BOJ) says Facebook’s Libra galvanized central banks globally to look seriously into digital currency issuance. A Jan. 22 Reuters report cited remarks by Hiromi Yamaoka, who reportedly oversaw the BOJ’s research into digital cur..
News Adding to a lengthy list of departures last fall, telecom giant Vodafone has departed the Libra association, a spokesperson from Vodafone confirmed to Cointelegraph in an email on Jan. 21, 2020. The representative said: “Vodafone Group has decided to withdraw from the Libra Association. We h..
News The Australian Prudential Regulation Authority (APRA) is seeking to oversee stablecoin projects like Facebook's controversial stablecoin Libra. In an official proposal to the Senate published on Jan. 20, APRA submitted a possible regulatory framework dedicated to fintech and regulatory t..
News The Libra Association — the government body of the eponymous stablecoin introduced by Facebook in late 2019 — has formed a new committee to guide the network’s technical development. According to an announcement on Jan. 16, the Libra Association has voted to establish the five-member Technic..
Libra Association vice-chair, Dante Disparte says the proposed project and bitcoin (BTC) aren’t in direct competition. The Libra Association executive maintains that Libra can provide robust payment solutions much better than the popular crypto. Meanwhile, crypto stakeholders are joining mainstream..
Follow up The cryptocurrency sector has many criticisms. One is that it can appear impenetrable to newcomers. Another is that it is probably easier to lose money investing in crypto than in most other areas of finance. What’s more, these issues can combine to create a lucrative environment for hac..
News Facebook’s Calibra is on the hunt for two marketing specialists as the company continues development of its Libra stablecoin project. The company is looking for a head of media, digital marketing and community and a head of brand for the Calibra digital wallet unit. The roles ask for applican..