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The recent developments hint Facebook may be moving away from Libra Association. As one of the association members confirmed the BBC: “We’ve seen Facebook start to move away from the association a little bit, maybe, but it’s still a challenge for them, definitely.” When asked about Libra testnet by the...

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  • October 23, 2019

Libra council members meeting on 14th Oct in Geneva, Switzerland was attended by all remaining 21 members. The members formally signed the charter. Additionally, the council appointed the board of directors for the Libra project. The 5 person board includes: Calibra cofounder David Marcus, Andreessen Horowitz general partner Katie Haun,...

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  • October 15, 2019

As things were just starting to settle down, Facebook’s initiated Libra stablecoin lost another key founding member, Booking Holdings, an online travel company that operates websites Booking.com, Kayak.com, and Priceline.com. Additionally, warning from G7 members that the stablecoins must not go ahead until the company proves it is safe and...

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  • October 14, 2019

PayPal withdraws its application from Facebook’s Libra association, a group of members to oversee the governance of Libra network. Since the announcement of Facebook’s Libra project, policymakers around the world have backlash the project claiming that it could risk destabilizing the monetary system. Addressing the rumors, a PayPal spokesperson said...

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  • October 5, 2019

PayPal withdraws its application from Facebook’s Libra association, a group of members to oversee the governance of Libra network. Since the announcement of Facebook -initiated cryptocurrency project, Libra in June 2019, policymakers and governments around the world have backlash the project claiming that it could risk destabilizing the monetary system....

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  • October 5, 2019

Since the announcement of Facebook’s plans to launch a cryptocurrency project, Libra, it came under fire from policymakers around the world. Governments/regulators around the world are concerned that the new money system could endanger their monetary sovereignty and users’ data privacy. The events that followed after the announcement made one...

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  • October 4, 2019

As Facebook gets ready to launch its cryptocurrency in 2020, the group is putting the pieces together. As per the TechCrunch report, Facebook has acquired Servicefriend, a startup which builds chatbots to automate conversational interfaces over WhatsApp and Messenger. According to the co-founder and a few other employees Linkedin profiles,...

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  • September 23, 2019