It only took Libra/Diem two years to come full circle from publishing its white paper to falling apart. On Jan. 31, Meta, formerly known as Facebook, announced that it was pulling from its stablecoin project, Diem, formerly known as Libra. Intellectual property and other assets related to the operations of the Diem Payment Network were…
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Attorney General William Barr tendered his resignation to President Trump last night, opening up the conversation as to how a Biden-appointed successor will handle crypto. In a tweet Monday evening, President Trump announced the departure of William Barr from the office of Attorney General. The announcement comes the same day that the Electoral College convened…
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The Libra Association has made a key hire in its pursuit of a new cryptocurrency and payments system. The Libra Association, which manages Facebook’s quiet cryptocurrency project, has appointed a general counsel to oversee the development of its forthcoming payment system. In an official press release, the Libra Association Wednesday introduced Saumya Bhavsar as the…
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Goldman Sachs attacks crypto, why Bitcoin may be wandering into a bull trap, and how Libra is going to make money. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more —…
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Facebook continues sprucing up for regulators. Facebook-owned digital wallet Calibra rebranded itself as Novi earlier today, sharing new details about the project. The primary reason for the name change was to avoid the confusion with the Libra cryptocurrency, a representative for Novi told Cointelegraph. “When we announced Libra and Calibra last June, we wanted to…
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Facebook’s Calibra team introduces a new protocol for distributed auditing of assets that could have saved Mt. Gox. In a recent presentation at the 3rd ZKProof Workshop, the Calibra research team presented Distributed Auditing Proofs of Liabilities, or DAPOL, protocol designed to make improvements to the existing distributed audit procedures. The team led by Konstantinos…
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Calibra has outlined a new technique for testing a protocol’s Byzantine fault tolerance. Facebook’s Calibra team have published a research paper outlining a new method for Byzantine fault tolerance, or BFT, testing. Dubbed “Twins”, Claibra’s innovation comprises a lightweight method for testing a network’s BFT implementation. Calibra pioneers BFT testing strategy The paper asserts that…
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Facebook’s Calibra is looking to create 50 new roles for its workforce in Ireland, as the firm seemingly bucks the trend of private-sector layoffs during the coronavirus crisis. Facebook’s Calibra is looking to create 50 new roles for its workforce in Ireland, as the firm seemingly bucks the trend of private-sector layoffs during the coronavirus…
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Digital lead for Calibra explains why Facebook has built a new programming language called Move to power the Libra blockchain. Digital lead for Calibra Ben Maurer gave a presentation on Facebook’s Move programming language at the Stanford Blockchain Conference on Feb. 19. Move was created by Facebook to provide a safe and programmable foundation for…
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Facebook’s Calibra is in search for two marketing specialists as the company continues the development of its Libra stablecoin project. Facebook’s Calibra is on the hunt for two marketing specialists as the company continues development of its Libra stablecoin project. The company is looking for a head of media, digital marketing and community and a…
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