Tag: libra
Facebook’s Libra could launch in January
According to a report from the Financial Times, Facebook-backed cryptocurrency Libra could launch in January. More interestingly, the Libra Association, the consortium created by Facebook, could scale back its ambitions once again. When it was first unveiled, the Libra cryptocurrency was supposed to be a brand new currency tied to…
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Telegram to pay $18.5 million and return $1.2 billion following SEC crypto charges
Telegram’s initial bid to launch its “Gram” cryptocurrency has failed. The US Securities and Exchange Commission (SEC) announced today that in order to resolve charges of violating federal securities laws, it has ordered Telegram to return more than… Source
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Facebook rebrands Libra wallet Calibra to Novi
When Facebook unveiled Libra, its cryptocurrency project, there were two distinct entities — the Libra Association, a not-for-profit that oversees all things Libra, and Calibra, a Facebook subsidiary that is building a Libra-based wallet with integrations in WhatsApp and Messenger. Today, Facebook announced that Calibra has a new name, Novi. By…
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When regulation presents a (rare) opportunity
Bradley Tusk Contributor More posts by this contributor In London, Uber has won the battle but risks losing the war Shockingly, Congress acted responsibly in regulating autonomous cars… So what’s next? Every time we realize something new about the coronavirus, it’s always worse than we thought: maybe we don’t develop…
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Facebook’s global currency plans were always doomed
The Libra Association, the Facebook-backed cryptocurrency outfit with plans to own the future of money, has had a change of heart. After almost a full year of criticism, the body has climbed down from its original goal of creating a single “stablecoi… Source
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Facebook-backed association revamps Libra following regulatory concerns
The Libra Association, the consortium created by Facebook to oversee all things Libra, has updated its white paper to make some changes. The association is abandoning its original plan to create a global stablecoin directly tied to a basket of fiat currencies and securities. The Libra Association now plans to…
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