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French Central Banker Bashes Facebook’s Crypto Project as CBDC Hype Grows

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..

Facebook’s Libra Pushed World to Reconsider USD as Global Reserve Currency: WEF

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..

Crypto Intiative Libra Loses Yet Another Partner in Telecom Giant Vodafone

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..

Japanese Ex-Central Banker: Libra Spurred Us to Take CBDCs Seriously

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..

British Telecoms Giant Latest Member to Bail on Libra Association

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..

Australian Financial Regulator Could Oversee Facebook’s Calibra Wallet

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..

Libra Association Forms Steering Committee to Guide Technical Development

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..

Dante Disparte: Libra Trumps Bitcoin as a Payment System

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..

Better Safe Than Hacked? Google and Apple Flip-Flop on Crypto

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..

Facebook’s Calibra Looks for Two Marketing Professionals

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..

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