Facebook’s Libra

Libra Minus Facebook: Why Celo Is 2020’s Buzzy Token Project

Celo is the new black.  Investors from Silicon Valley to Switzerland are whispering about it. The team behind that project, cLabs, is combining the ethereum and Libra models with a $30 million war chest from the likes of Polychain Capital and Andreesen Horowitz (a16z). And with their stablecoins and reserve baskets, the shared backing of […]

Six central banks planning to issue digital currencies

The heads of six central banks and the Bank for International Settlements in mid-April will hold their first meeting on developing their own digital currencies, which can serve as alternatives to Facebook’s Libra or the digital yuan. Central banks in Japan, Europe, and Canada are taking a joint look into issuing digital currencies in their […]

Yuan to Go Digital

Chinese digital currency, the first of its kind in the world, to offer both convenience and security After the remarkable success in digitalizing payments nationwide, China is ready to unveil its next financial innovation by launching its own digital currency, the central bank digital currency (CBDC). The flourishing of the world’s first cryptocurrency Bitcoin, a […]

A blockchain firm advised by Nobel laureate Myron Scholes just launched a rival to Facebook’s libra

One blockchain company thinks it has an alternative to Facebook’s digital currency proposal. With an advisory board that includes top economists like Nobel Prize-winner Myron Scholes, U.K.-based firm Saga hopes to introduce a global currency that regulators find agreeable. The company on Tuesday launched its saga (SGA) token, a virtual currency tied to a basket […]

Facebook’s ‘failed’ Libra cryptocurrency is no closer to release

Facebook Inc.’s Libra cryptocurrency starts 2020 looking no closer to release, with authorities in its base in Switzerland raising fresh questions about its suitability as a global currency. Swiss finance minister Ueli Maurer said on Dec. 27 in Bern that the country can’t approve Libra in its current form, telegraphing to Facebook that the product […]

The best investment of the decade turned $1 into $90,000

New York (CNN Business) The decade is almost over — and one incredibly volatile investment stood out from all the rest as the best of the 2010s. Want to guess what it was? Bitcoin According to a recent report by Bank of America Securities, if you invested $1 in bitcoin at the start of the […]

Digital yuan nears launch as China sweats over Libra

Sovereign virtual coin lets Beijing bolster oversight and boost currency abroad. China appears on track to launch a sovereign digital currency next year, becoming the first major country to do so, as Beijing aims to track money flows more closely and combat planned cryptocurrencies such as Facebook’s Libra. With work completed on conducting research and setting standards […]

China’s sovereign digital currency – still no launch date

People’s Bank of China says research and development work will continue in 2020. Beijing is keen to create a digital currency to offset perceived risks posed by bitcoin and Facebook’s Libra China’s central bank said on Sunday it will continue with its research and development into the creation of a sovereign digital currency in 2020, […]

Twitter and Facebook Want to Shift Power to Users. Or Do They?

A decentralized internet was hailed as a way to dethrone Twitter and Facebook. But to the tech giants, the idea could unload some of their burdens. Not so long ago, the technology behind Bitcoin was seen in Silicon Valley as the best hope for challenging the enormous, centralized power of companies like Twitter and Facebook. […]

Facebook’s Digital Currency ‘Libra’ Coming In 2020

As the chorus grows to break up Facebook and regulators scramble to fix it over privacy violations, the social networking giant on Tuesday announced a digital wallet subsidiary called ‘Calibra’ that would launch Blockchain-powered cryptocurrency ‘Libra’ next year to help nearly one billion people globally who don’t have a bank account but do have a […]

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