libra coin

Why does Libra require a new programming language?

While the goal behind Libra is clear, Maurer mentioned that many people are still wondering why Facebook built an entirely new programming language to power the platform. Maurer explained that the idea was to build a language designed to fit with the paradigms used when programming with money. Unlike many other blockchains that can be […]

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 […]

Would Libra’s Payments Be Safe? Fed Member Comments On Digital Currency’s Future

In a speech, Wednesday by Lael Brainard, a member of the Board of Governors of the Federal Reserve System, at Stanford University’s Graduate School of Business, the future of digital payments in the U.S. were broadly sketched. But her comments provided more risks and concerns than a path forward.    That afternoon, Ms. Brainard addressed the audience […]

China Urged to Regulate Cryptocurrency Over Growing Libra Concerns

The powers that be in China seldom listen to advice from any outsiders. One former central banker, however, thinks that global cooperation is needed, especially in response to Facebook’s Libra. China has fast-tracked the development of its central bank digital currency (CBDC), primarily over fears that Facebook could dominate if it gets there first. The […]

How cryptocurrencies can replace other pay options

SAN FRANCISCO – Cryptocurrencies live in a volatile, roller-coaster world, which Facebook is seeking to change with its new Libra digital money.The new digital currency will be overseen by a nonprofit association and backed with real assets to serve as a reliable, stable form of globally accepted money that lives essentially on smartphones. How do […]

Abandon sinking US dollar ship? Top UK bankster pushes for new ‘synthetic hegemonic currency’

Bank of England head Mark Carney has urged his fellow central bankers to embrace tech like Facebook’s Libra to build a multipolar system, warning against “swapping one currency hegemon for another” – unless it’s their hegemon. Acknowledging that the US dollar’s days as the world reserve currency are numbered, he gushed that “technology has the […]

What is the Cryptocurrency Act 2020?

One of the main pieces of legislation I discussed was the Cryptocurrency Act 2020, a new bill being proposed in the United States. The goal of the new legislation is to provide additional clarification on digital asset regulations. The bill has some wide-ranging regulations that, if voted into law, could reshape the crypto landscape moving […]

Vodafone Becomes Latest Big Name Backer to Quit Libra

British telecom giant Vodafone is the latest firm to pull out of the Libra Association, the non-profit body overseeing the Facebook-led digital coin, bringing the total number of early backers to withdraw from the project to eight. Vodafone Walks Away Both Vodafone and Libra confirmed the news last week with the departure appearing to be […]

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 […]

China’s digital currency could threaten dollar’s dominance

Since bitcoin was launched in 2008, the first crypto asset with its own unit of account based on blockchain technology, more than 3,000 crypto assets with a diverse range of features have entered the digital currency market. Yet regulatory authorities around the world have thus far largely indicated they are not threatened by crypto asset […]

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