Chinese digital currency is the perfect excuse for Libra
There’s a very interesting saying that almost every culture uses and that’s “Fighting fire with fire”. This...
November 19, 2019
Libra
Libra is a blockchain project proposed by Facebook, designed to be a stable digital cryptocurrency that will be fully backed by a reserve of fiat currencies. The goal of the Libra Blockchain is to serve as a solid foundation for financial services, including a new global currency, which could meet the daily financial needs of billions of people.
The project is in the test phase and expected to be launched by 2020.
2019
Libra update: Testnet processes 51,000 transactions with 7 nodes
Nearly after a month since the remaining 21 Libra association members signed the charter, the Libra team...
November 17, 2019
Securities rule applies to Stablecoin including Facebook’s Libra: Global securities watchdog
Stablecoin including Facebook-initiated Libra could come under securities market regulation principles and standards. The conclusion of applying securities rule to stablecoin was decided in a meeting on 30th October in Madrid by the Board of the International Organization of Securities Commissions (IOSCO).
November 5, 2019
Facebook may move out from the Libra Association
The recent developments hint Facebook may be moving away from Libra Association. As one of the association...
October 23, 2019
Zuckerberg: Facebook will not launch Libra unless U.S. regulators approve
Ahead of Oct 23 hearing, Mark Zuckerberg has shared his testimony with the U.S. House of Representatives...
October 22, 2019
Libra Association may consider launching a series of stablecoins
Libra Association may consider launching a series of stablecoins based on national currencies such as the dollar,...
October 21, 2019
Libra council members update: Libra secures signature from 21 members
Libra council members meeting on 14th Oct in Geneva, Switzerland was attended by all remaining 21 members....
October 15, 2019
Booking Holdings leaves Facebook’s Libra stablecoin project
As things were just starting to settle down, Facebook’s initiated Libra stablecoin lost another key founding member,...
October 14, 2019
G7 says ‘No’ to stablecoins including Libra until proven to be safe & secure
In a draft report from G7 nations, the group says that the stablecoins must not go ahead...
October 14, 2019
Five more firms are leaving from Facebook’s Libra association
Just days before Facebook’s planned Libra association members meeting, eBay, Visa, Mastercard, Stripe and Mercado Pago have made...
October 11, 2019
