Libra white paper is quietly updated with amended Libra Association members and removal of dividends for early investors.
Libra News
Libra is a global digital cryptocurrency created by the Facebook team and governed by Libra Association, independent, non-profit membership organization. The founding members of the association include Mastercard, PayPal, Visa, Booking Holdings, eBay, Facebook, Uber, Spotify, Vodafone, Coinbase, Xapo, and other well-known companies. Libra blockchain is using the Move programming language and the Byzantine Fault Tolerant (BFT) consensus. Each Libra unit will be provided with several currencies, bank deposits, and securities, which will form the Libra Reserve. This will provide low volatility. However, the token would not be tied with any fiat currency. Users will be able to send coins with Calibra wallet, as a single app or as a built-in extension in WhatsApp and Messenger.
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by Helen Partz
The central bank of France plans to pilot a central bank digital currency for financial institutions by the end of the first quarter of 2020.
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Libra could face even more stringent requirements as U.S. lawmakers introduce a bill seeking to classify stablecoins as securities.
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Blockchain researchers at online brokerage eToro have argued that Facebook should look to support third-party stablecoins, not Libra.
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The CEO of Kakao said that the Klaytn blockchain developed by its subsidiary Ground X is similar in operation to Facebook’s Libra network but more advanced.
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The crypto businessman sings praises for “uncensorable money.”
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CEO of blockchain firm R3, David Rutter, has ridiculed the way Facebook introduced its yet-to-be-released Libra stablecoin.
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by Helen Partz
A bipartisan team of senators introduced legislation that would regulate Facebook’s Libra stablecoin under securities law.
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by Will Heasman
With Facebook and Google establishing themselves more firmly into the financial industry, what is the future like for crypto?
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The Libra Association, the entity behind Facebook’s forthcoming Libra stablecoin, has logged over 51,000 transactions on its network during the past two months.
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by Helen Partz
One of the 21 founding members of the Libra Association, Bison Trails, has raised $25.5 million from Blockchain Capital, Coinbase and ConsenSys.
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by Joeri Cant
As worldwide regulators continue to stonewall the Libra stablecoin project, Facebook moves forward with Facebook Pay, a new fiat payment system.
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Cointelegraph auf Deutsch presents a weekly digest of selected cryptocurrency and blockchain-related developments from the German-speaking world.
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The former head of People’s Bank of China, Zhou Xiaochuan has argued that Libra would be more readily trusted if it were in the hands of an entity like the IMF.
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A senior U.S. federal official argued that Facebook’s Libra highlights the need for the FED to urgently launch its own real-time payments system — FedNow.
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