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Libra Association Member Bison Trails Completes $25.5 Million Series A

Blockchain infrastructure company Bison Trails, one of the Libra Association’s 21 founding members, has secured $25.5 million USD in Series A funding from some of the cryptoeconomy’s biggest venture capital firms. The new trove will help the startup further its mission to help enterprises interact w..

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..

Crypto News From the German-Speaking World: Nov. 3-10

Local News The past week has marked a number of crypto- and blockchain-related developments in the German-speaking world. Malta Enterprise partnered with Deutsche Telekom's IT service subsidiary to offer its blockchain-as-a-service (BaaS) marketplace, French IT company Atos and Austrian start..

Bitcoin Not a Viable Currency: Libra Co-Creator Says

One of the most common critiques of Bitcoin is that the cryptocurrency is unusable as a currency. While this isn’t a popular sentiment to float online, this argument recently gained traction with David Marcus, Facebook’s blockchain lead, revealing that he isn’t a fan of Bitcoin as a currency.Bitc..

Former PBoC Governor: Libra Would Be Trusted If Run by IMF

News The former head of People’s Bank of China (PBoC), Zhou Xiaochuan has argued that the Libra stablecoin would be more readily trusted if it were in the hands of an organization like the International Monetary Fund (IMF). Zhou is the longest-serving governor of China’s central bank to date, havi..

Fed Must Launch FedNow Ahead of Facebook’s Libra, Says Gov’t Official

News A senior United States federal official has argued that Facebook’s Libra highlights the need for the Federal Reserve (Fed) to act urgently and launch its own real-time payments system. In a letter addressed to the Federal Reserve’s Board of Governors on Nov. 7, Rohit Chopra — a commissioner a..

David Marcus Says Calibra Is Considering Audits to Prove Data Protections

News Calibra cryptocurrency wallet CEO David Marcus spoke at the New York Times Dealbook Conference in New York City where he discussed the worldwide regulatory scrutiny the stablecoin project continues to face, among other topics. Calibra is considering an auditor for personal data practices On N..

EU Reaffirms Potential Move to Block Facebook’s Cryptocurrency

News The European Union is doubling down on its commitment to block the launch of Facebook’s Libra should it deem the project to present “unmanageable or excessive risks.” A draft document to be discussed at a meeting of E.U. finance ministers this Friday states that “all options should be on the ..

Facebook’s Calibra Exec: Libra Is More Like Email Than PayPal

News Facebook’s crypto project Libra will be more similar to email tech than payment services such as PayPal, vice president of product at Calibra said. Speaking at the Web Summit in Lisbon on Nov. 5, Kevin Weil, vice president of product at Facebook's Calibra digital wallet unit, emphasized ..

Int’l Regulator: Stablecoin ‘Structure’ Determines If It’s a Security

News International securities regulator International Organization of Securities Commission (IOSCO) suggested that some stablecoin implementations are securities. In a statement released on Nov. 4, IOSCO informed the public that on Oct. 30 its board met to — among other purposes — discuss stableco..

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