Calibra head David Marcus says he is a big fan of Bitcoin, but it is totally different to Libra. David Marcus, the head of Facebook’s forthcoming cryptocurrency wallet Calibra, said that he is a fan of Bitcoin (BTC) but it is totally different to the proposed Libra stablecoin. Bitcoin is digital gold, Marcus says In a…
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Firms like Facebook should be involved in projects like stablecoin Libra, according to Bank of England governor Mark Carney. Bank of England Governor Mark Carney has defended Facebook’s choice to create a new currency. Canadian news outlet TheStar reported Carney’s remarks on Oct. 15, noting that he highlighted the shortcomings of the current traditional financial…
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RBC analysts believe that China’s digital currency might become the dominant digital currency if U.S. regulators dismiss Facebook’s Libra coin. Analysts at RBC Capital Markets have suggested that stifling Facebook’s Libra may leave the field open to China’s central bank digital currency (CBDC) to dominate in emerging economies. China shifts development of digital currency in…
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Leading online travel company Booking Holdings has ditched the Libra Association, a non-profit Facebook established to pursue the promotion of its Libra stablecoin. Leading online travel company Booking Holdings has ditched the Libra Association, the governing consortium of Facebook’s proposed Libra stablecoin. Booking Holdings has thus become the latest in an array of companies that…
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Ethereum-based stablecoins are declining as teams increasingly use other blockchains to facilitate price-stable currencies. Just a few years ago, it was hard to imagine that a stablecoin would come to represent a significant portion of the cryptocurrency industry. Market players tended to base their money-making strategies on a cryptocurrency’s volatility rather than its stability. There…
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OpenLibra, a permissionless fork of Facebook’s stablecoin Libra, is announced at the Ethereum developer conference Devcon 5. Lucas Geiger, co-founder of blockchain infrastructure startup Wireline, has announced OpenLibra — a permissionless fork of Facebook’s planned stablecoin. Ethereum developer Lane Rettig tweeted on Oct. 8 that OpenLibra was announced by Geiger at the Ethereum developer conference…
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OmiseGo, a finance-oriented scaling network for Ethereum, has become a member of Universal Protocol Alliance, a coalition of blockchain and cryptocurrency-focused firms. OmiseGo, a finance-oriented scaling network for Ethereum (ETH), has become a member of Universal Protocol Alliance, a coalition of blockchain and cryptocurrency-focused firms. Targeting financial services and tax collection In a press release…
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Stablecoins backed by fiat money — what is their goal and which ones do investors prefer and for what uses? Stablecoins attempt to be fiat currencies among cryptos. They can be a medium of exchange, a means of storing value and a unit of account. Unlike other digital coins, stablecoins are tied to some kind…
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Tether and its affiliate exchange Bitfinex announce that they are prepared to fight lawsuits alleging that USDT is involved in market manipulation. Stablecoin firm Tether and its affiliate exchange Bitfinex anticipate a lawsuit alleging that Tether token (USDT) is involved in market manipulation as the result of an unpublished paper. Tether and Bitfinex to defend…
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The U.S. government reacted to Facebook’s Libra “like they almost want to be left behind,” says Coinbase CEO Brian Armstrong. Brian Armstrong, CEO and co-founder of major crypto exchange Coinbase, tweeted on Oct. 5 that he expects the United States government to react to China’s stablecoin project by reconsidering its “ridiculous” response to Facebook’s Libra…
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